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I know you’re just ramping the sh*t out of it so for other PIs, they’ve delayed the repayment date once before and they’re not usually in a rush to release an RNS. More volume this week so perhaps a leak this time.
expect 100% tomorrow when Rns comes
this is under the radar and undervalued company.
cash alone covers the Mcap
Adding to the £11 Million held in there accounts at present
plus 7 Billion of stored gas
Tax refund
Oil producing assets
Servicing sector company
Oil & gas trading company
Court case on well licence to be resolved soon
Extension to Bitlyanska for 20 Year licence
£14,857,350 owed by Proger SRL
That around about cover Cadogan
Yeah I 2was thinking that but if you read all 3 it appears that it should have been paid back in Feb and the last RNS does state that they have agreed on the date so I am pritty positive it will be paid.
Loan repayment due tomorrow. RNS could drop any time from tomorrow. They could announce another postponement.
CP - whats to ramp? Read the RNS.
London, March 8
9 March 2021
This announcement contains inside information as defined under the Market Abuse Regulations n. 596/2014
Cadogan Petroleum Plc(“Cadogan” or the “Company”)
Loan to Proger Managers & Partners srl
Cadogan Petroleum plc (“Cadogan”), the London Stock Exchange listed independent oil and gas company, reports that following the announcement made on 1st March 2021 it has agreed, at the request of the Borrower, Proger Managers & Partners srl (“PMP”), to postpone the Loan reimbursement until 19 March 2021. As at 25 February 2021, being the Maturity Date, the reimbursement due was Euro 14,857,350 in terms of principal and the interest accrued. A further update will be provided in due course.
Next ramp incoming! I’m sure the b90 boys will be over soon!
So the 14m should be received tomorrow, when would we expect the RNS tomorrow or Monday?
Search “From:greencandle131 #cad” he was tipping it back in January sub 3p before the big Twitter accounts.
some good reminder on twitter with rns highlights#CAD
Mcap should double on that,
market starting to wake up on this
It's on the move. The last of the oiler giveaways. Hopefully get back into double digit SP.
Lots of small buys, traders finding this.
Most of market cap covered by cash. If Proger loan repaid in full, that dwarves the market cap. Fortunately, the operational side isn’t a complete disaster so shouldn’t be sucking up too much cash. Would like to see something fresh once Proger are done. Will get the market interested if there’s a solid plan for the money as Ukraine seems to be dragging them down with production/licence issues.
This looks like it's on it's upward cycle. Having thought the cycle would commence at 8p and then 6p I did manage some at 3.85p also. From what I remember they have plenty of cash, oil sales and more going for it, but sometimes the market just looks for undervalued shares when everywhere else has risen 100% and more.
Hope some operational news is forthcoming. Could do with getting back on the radar.
Thanks for that, pal. Lots of potential here.
English from Ukraine , correction Ukraine to English
Totally agree , except the tax refund from the courts is due as well from the High court case won from last week.
We also had 7 Billion Cubic feet of stored gas bought in the market last year in there trading account not sold awaiting information.
Another high court case on a well stopped last year should be resolved in next 2 months
would post but have to convert to English from Ukraine and take multiple messages.
The point is collectively we are looking at a price of 20p , the problem is Cadogan do not release this information but on Ukraine's company's RNS.
Small taste today of what’s to come. Any kind of sustained buying pressure and this’ll take off.
The share price will go bonkers if they get the 15 million loan refunded... its practically written off by the market atm ...worth 5.25p to the company value
*aren't
Great summary. Management are “promotional” so no engagement with retail or rampy interviews or PR fluff RNSes. When Proger is resolved, that’ll be a good catalyst for discovery and this should rerate hard and swing the other way as it’s done in the past. Sit tight.
Cheers Thordon. Been here for a number of years now and just not seen any real movement of the share price, except down from my buy In price!