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You gave me the tip several months ago on the MEC board, after doing my own research I decided to buy. I now hold 140,000 at a average of just under 20p, which is looking pretty good at the moment. A perfect example of how BB's can work - I had never even heard of CAD before your tip. Thanks again.
http://uk.finance.yahoo.com/news/Mecom-investors-attempt-oust-tele-2839988202.html?x=0
Below is a copy of an email received by somebody on the ADVFN board: Thank you for your e-mail. The Board of Cadogan is aware of its obligations under the Disclosure and Transparency Rules of the UKLA it is, however, keen to ensure that all shareholders are kept fully informed on the Company’s activities as appropriate. As we advised on 8 December, GPS have confirmed to us that payment of the $6.5m currently due under our confidential settlement agreement with them, will be paid by the end of the financial year, to date a certain proportion has been received and the remainder we understand is in transit via the banking system. When we are in a position to fully advise the market we will do so.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aekuZO.zbJHo
http://www.investis.com/cadogan/docs/Company-presentation-december2010.pdf
http://www.kyivpost.com/news/business/bus_general/detail/91157/
Like you I was pleased with the RNS and I'm confident about CAD's future. The GPS debt is a bit of a concern. I did a little investigation into GPS and it appears that they have no money or assets of their own. However, their parent company - the Al Jaber Group based in Abu Dhabi - is massive. I just hope any agreement is with them and not GPS alone.
As well as the points made by lemmink, CAD are also trying to farm out some of their larger assets and there is a court case due to be heard in Feb 2011 CAD are suing former directors and suppliers for large amounts of cash. It's all looking promising. but there is still some way to go yet. If it comes off there is no reason why we shouldn't see a significant rise in the SP.
It was only the court case reference the Pirkovskoe and Zagoryanska licence issues that were due to be heard on the 6th. I don't think a date was given on the matters that you mentioned, hopefully it will be soon. CAD tend to issue RNS's at anytime during the day and I would expect one this afternoon. I can't see why there should be a delay on the courts decision - it looks straight forward even for the Ukraine!
I've no interest in Merchant House and frankly I wouldn't touch it with a "barge pole". As for "investor 38" being banned before, that may be true. However, credit where credit is due he has provided lots of good links and saved me research time. I only hope he keeps up the good work in respect of finding out information about CAD.
Bought another 50,000 this morning which makes a total of 100,000 at an average price of 19p. That's my lot, but CAD does appear to have a hell of a lot more upside than down. The management certainly seem to be getting their act together and one bit of good news could easily see the SP double. I admit we still need the good news, but it looks a very promising punt.
This a better link to the story below: http://rs.concorde.ua/
Concorde Capital a leading Ukrainian Investment Company reported the following on 13 Sept, lets hope some good news comes out of the meeting: 14. Gov't working group to shed light on Cadogan's licenses Concorde Capital September 13, 2010 An interdepartmental working group, appointed by Ukraine's Ministry of Environmental Protection this past July, is scheduled to meet today. According to Concorde Capital sources, the meeting could have implications for the future of Cadogan Petroleum's (LSE: CAD LN) Debeslavetska, Pirkovskoye and Monastyretskaya licenses. Ruslan Patlavskyy: In our view, the current share price of GBp 17.50 factors in market concern about Cadogan's Debeslavetska and Pirkovskoye licenses, the loss of which would reduce the company's 2P reserves by 58% to ~1.5 mmboe, which implies little share price downside potential. This said, a positive resolution on the company's long-standing license dispute should clear our ~80% share price upside potential to GBp 32.0-33.0. Given the little downside risk vs. some 80% price appreciation potential, we see trading on today's news with regards to Cadogan's licenses as attractive, though speculative http://businessneweurope.eu/dispatch12768/Ukraine_daily_Mon_13_Sep#top