Member Info for Torreaguas

They have until Dec 2022 to buy the remaining 90%, and in the meantime they can proceed to build the plant as they have the lease but you know that dont you?

Any of you people looking for the next bagger like we had here . TOM

Mike, a little tip for you if you are looking. TOM

By the way, whoever takes over Petroteq imo will not grant licences at $2m. They will monopolise the process. Now what would that make our multi site licence worth?

Who knows , but nowhere near a penny lol.

The multi site licence is worth an awful lot of money. It is the only one. No one else will get that. It will be $2m a pop at least (if you can get one). Now the process has 3rd party verification it will be attractive to a lot of majors, whoever does not win the bidding war for Petroteq will turn to Greenfield imo.

They DO NOT have to come up with $16m in a few months that is simply not true. Go read it properly

The Petroteq offer is getting better and better, as the only company with a multi site licence to use the tech Tomco should see a very nice rise imo.

Greenfield in which Tomco owns 50% are sat on a very valuable licence. I can see the buyer of Petroteq turning its attention to Greenfield once the Petroteq deal is complete

Why offer such a massive premium for Petroteq to then have little old Tommy running around securing leases in Utah with its multi site licence to then bring in an oil major to finance it all? Makes no sense. I think whoever is buying Petroteq will then take us out .

minimil, i would suggest you sell up and move on. you are clearly not confident and I am sure you can find another share for your cash which may give you more confidence. Why would you be invested here if you are not confident?

well lots of newsflow is set to continue now.

Quadrise : An extensive programme of testing on the sample received will now commence at QRF, which we expect to complete by the end of August 2021

USA OIL MAjor : also testing the oil produced, results due.

Lease : TOM Expected to secure first 10% of lease for $1.8m shortly.

FINANCE : finance for plant expected also shortly with NO PLACING.

Construction of plant to begin once finance secured.

All for a market cap of under £10m ! TOM can produce oil for net ZERO cost. The $15 per ton sand price in today's presentation was VERY conservative. It is more like $50 per ton.

Yesterdays 9% drop was on approx 1m more sells than buys. So far today we have 250k more buys than sells, lets see it it makes the 9% back if we get to 1m more buys.

certainly looks like the selling is drying up now. Any decent update sets us off the the next level imo.

me too, should come back from here, all good with the small pull backs after profit takers move on. I fully expect at least 5p by yr end.

a cheeky little top up for me. Silly drop imo.

not many people make money on aim, they simply get bored and sell up, then they miss out by rainbow chasing elsewhere and repeat the same errors. Patience is all that is need here. It will eventiually pass MAST market cap. It simply has to.

30MW v 180MW. Plus Mambare, Wowo and Dempster.

good luck to you too. I am staying in for the result of the WOWO talks and the financial close of Avonmouth/Tring Rd. Plus the elusive Burwell where I believe the land owner is messing all parties around. IMO they should tell him to f off, his land is worthless without the deal. He is a clown.

Corcel have many other things to go at without the need for Burwell at all. imo. Did you have many to sell ?

we need an update now to keep the momentum going. With RMI indicating in ther update last week thet they are considerning ways to clear ther Corcel debt of A$4.6m (£2.5m) we should be set to hear some news on that soon and the possible financial close on Avonmouth and Tring Road could come at any time. Mambare mining licence could also drop at any time and the 2021 drilling campaign at Dempster vanadium must be close.

Also imo we are very likely to see more battery/gas peaker projects announced and of course the 'imminent' Burwell.

renewing licences is a paperwork excerise and unless you have broken the terms or done something wrong they are renewed. If the choice was just purely on a whim there would be no companies ever taking licences or planning production etc.

aston74, why would they suddenly deny them? for what reason?, they have maintained the sites as expected. To think all of a sudden they would be denied is a poor and pure de ramp attempt.

from rmi :

.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?

Answer: Sinom (Hong Kong) Limited has confirmed that it will continue to provide financial support to the Group to meet its liabilities as and when they fall due and keep their assets in good standing to 31 March 2022 (excluding repayment of the Corcel loans).

8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: No. Funding expected from Sinom (Hong Kong) Limited as noted above.

8.8.3 Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?

Answer: Yes. Funding expected from Sinom (Hong Kong) Limited as noted above. The Company is considering options to extinguish the Corcel loans.

..........

In other words, Sinom, is keeping RMI afloat until wowo goes to Corcel.

Happy days ahead.

In late 2020, as previously advised, Sinom sold $4,761,087 of debt due from RMI to a UK AIM-listed
company, Corel plc. These loans are unsecured and interest free. $2,761,087 is repayable at any time
on or following 30 September 2021, and $2,000,000 is repayable at any time on or following 14 January
2022 forthwith on demand.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02400334-6A1042909?access_token=83ff96335c2d45a094df02a206a39ff4