Member Info for WongaFC

Indeed, but are the "buyers" long-term investors, or traders/flippers who sold out last week?

Hopefully the former.

Mbleu,
"The lingo above is surely a bit northerly for you? :-)"
Is Scotland "northerly" enough for the lingo? Maybe I should have spelled it bonnie?

dustofnations comments were under a Petroteq heading and followed my comment re Viston withdrawing. Why would I assume he was talking about QFI when calling it a "mire"

Speak for yourself bonny lad. I think you'll find a number of QFI and TOM investors also took a position in Petroteq, myself included.
Not good news in the short-term but like Quadrise, I believe there is still lots of future potential and am holding on to my shares.

Viston takeover withdrawn. Disappointment for sure but at least it brings an end to the endless delays.

Need to wait for Petroteq statement as to how they will proceed now. Who knows it mighty even result in an oil sands plant happening sooner???

Jam incoming!!!, tomorrow?
Or maybe in the next few days?
Or by End Q3, or by end of year?

Waiting patiently...........there's nothing else for it.

Tomco are not affected by the Petroteq deal persay but there are a number of PQE investors who were hoping for a big pay out and equally frustrated at losing their future rewards from the oil sands story.

If the deal ever completes, I expect a significant uplift in demand for Tomco shares to remain involved in the oil sands story

Senior moment there, lost a month somewhere??

Possibly the Petroteq shenanigans have frazzled my brain

Next week brings Q3 to an end and the lack of tangible progress is, as ever, very frustrating.

Fingers crossed for a positive news release next week to bring back some optimism and with it, hopefully SP uplift.

It was these kind of numbers that got me into Tomco in the first place and while $75/bl profit might be a bit optimistic for the oil only, when adding the valuable sand biproduct, it may be on the conservative side. Since then, we have had the developments on the deeper oil extraction as well as other sources of income and potential tax breaks, all of which make the current market cap look a real bargain.

But of course, the big challenge is the huge fundraising, required, (huge for a Tomco sized company at least). If JP et all can convince the right money men to get involved, the sky is the limit here.

I've had enough of the speculative "strawclutchery" on Petroteq/Viston and I invested there because I believe in their technology, not because of the Viston offer.

It will be what it will be in the long-term, but like here and Quadrise, I am holding and not panic selling!!!!

Vauch, if we've missed our chance here then at least it will mean positive movement for Tomco. Fwiw, I don't see huge gains short-term but would love to be proved wrong...

Well the Petroteq buyout looks goosed, especially in the short-term. No doubt the SP will bomb today and Tomco likely to drop on "association".

I guess I'm back to relying on Quadrise for my luxury retirement.........oh dear :-(

We just need to see what Viston do next, but I doubt we'll see any buyout funds arriving here anytime soon!

CFIUS investigation outcome due to be announced soon. If passed, takeover due to complete by 9th September

Slide back to 0.46 bid now??

While news of funding secured for the 5,000 bpd plant would be awesome, in the interim, funding, (c.$20m) for the purchase of the remaining 90% of the TSH11 land and repayment of the Valkor loan would be welcome at this stage.

Price very static here, which is no bad thing as it usually drifts down on news vacuum. Perhaps buyers and sellers are on tenterhooks waiting for the Petroteq CFIUS result due very soon??

Crownos, I am aware of and understand everything you say but my understanding was in order to achieve the VLSFO "brew" the HFO was cut with various agents, (including unwanted airline fuel) due to covid to achieve a VLSFO concoction.

Maybe I have the wrong end of the stick but I assumed a LONO would be required for any significantly altered or new fuel. I guess the VLSFO must have been "close enough" to HFO for engine manufacturer approval??

Haggis, "No company is going to bid for QFI at this stage, the risk level is far too high for that, like off the scale high."

I'm sorry but I disagree here. We are currently valued at around £21m. Even offering a 4x premium, (say 6p per share) this would only be around £84m. If, and it's a big if, Shell and MSC really believe in the future of our fuels both companies could make serious profits from developing them in a major way.

For both companies, £84m is small change, hence much less of a risk than you say and why wait until QFI are commercially established, say valued at £140m (10p a share) which could cost them upward of half a billion.

I still think it unlikely at this stage, but it all comes down to profits at the end of the day and their investment strategy will be driven by what will make them most money short and long-term.

I don't remember reading of any LONO trial success for VLSFO yet it seemed to be rolled out to commercial use rapidly.

Where there is a will, there's a way.

Alas, not in reality though