Member Info for WongaFC

A greater market capital value increases a company's kudos and makes further fund raising both easier and more cost-effective. If you don't know the benefits of a higher SP to a shareholder then perhaps investment is not for you???

Attracting new investors and pushing up the SP would be well worth it for both the company and existing shareholders. However the "dark forces" would no doubt try to manage down the SP again. I can never understand why, especially on this share, the bid/offer prices quoted are consistently well wide of the reality mark. Today is a typical day, 16 trades ranging from 2.40p to 2.55p, yet the B/O has sat around 2.20 & 2.75 all day.

As regular visitors here we know this 20-25% spread is out of kilter with reality but any potential new investor giving the stock a cursory glance could easily be instantly turned off by the immediate 20%+ paper loss. There must be some reason for this but most potential explanations can be kicked out using other examples of similar share scenarios.

Dark forces I tell ye.......

Ha! maybe BP but not me as I'm already heavily invested.

There will be many investors who make quick money from PQE who will be looking for their next 5-bagger and if sniffing around the oil sands story could well come across Tomco and Quadrise. However, I believe most of this potential "Viston Windfall" will fall into the hands of Canadian and US investors who may be unwilling or unable to invest in Quadrise because of the UK jurisdiction.

I have certainly been very frustrated and Petroteq being halted on the TSX as I wanted to buy more once the Viston offer had been "firmed up". My broker (HL) where I hold my SIPP and ISA would not deal through any other exchange for PQE so I was unable to buy. International trading can have additional problems.

If the Petroteq sale to Viston goes through, it does not mean a windfall for Petroteq. It is the shareholders who will receive the cash. For example, I own just shy of 600,000 Petroteq shares so around £250k of the capital comes to me!

Bilyumkin and Valkor own much more substantial positions in PQE and what they will do with their payout is up to them...

Like you, Crownos, I hope the PQE purchase goes through and my position there effectively completely de-risks my QFI and Tomco holdings. Potential proceeds from PQE sale will be going into more mainstream investments while I continue to experience the roller-coaster journey with QFI & Tomco.

2022 could be an unforgettable year for many of us????

AJ2205 "Valkor will own 29% of Tomco long before the potential Petroteq takeover goes through thereby offering an insurance policy against any potential Tomco takeover imho"

Not sure where you get that opinion AJ. Petroteq's takeover is due to complete on 7th February. Valkor owning 29% of Tomco is conditional on a number of factors and may never happen. Given Tomco's (funds-raising record, even with potential discovery of deeper oil seams on their leased land), I cannot see them raising the funds ($100m+) to build a 5,000bpd plant in the short-term, especially when Valkor had to come to the rescue with the $1.5m balance for the recent initial 10% TSH purchase.

If whoever is behind the Viston bid can fund their takeover of PQE, then Tomco will be small change to them. If they offered 4p per share to Tomco holders, would they take the deal or hold out for potential future success on their own. I think it would be the former???

If the Petroteq takeover goes through, whoever is behind the Viston bid will have secured the CORT technology and some leases. I think further leases, (Tomco) will then be very much in their sights to ensure they have secured substantial raw material. Commencement of construction of 5,000 bpd plants should follow, with the possibility of a link with QFI to bolt on a MMU at one or more of their sites, once up and running.

That is the path to reduced carbon, low sulphur fuel produced at a very low cost, offering very good profit margins. I won't be surprised to learn of an oil major, (possibly Canadian) being behind it all. Time will tell...

I think once the Viston PQE acquisition goes through Tomco could well be next in their sights. Would like to see the SP over 1p before then with a possible offer of 4-5X that in due course??

FA may like him but market is a bit "meh"!!

Petroteq 30% rise, Tomco 23% rise, QFI flatlining. Time to play catch up!!!

I see the BoD of Petroteq are recommending the acceptance of the hostile Viston offer. Hopefully means the oil sands project will get moving earlier than expected???

Happy New Year to all. I hope 2022 brings you all you wish for, unless you are a QFI shorter!!!

Not likely Boyporche, got far too many already!!!!

Loving the positivity guys...

The way things have gone recently, I'd be happy with 6-8p

Merry Christmas all and all the best for 2022.

Back on the naughty step with Premier Miton as Quadrise named as the biggest drag on the fund in the latest factsheet commentary. Now dropped out of their top 10 holdings. Not sure if it's due to rpice fall or some sell-off???

"

That you rounded up to another million 46G??

Myles Saudi Adventure Reignited

Mike Sails Away Rich;-)

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