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Seems he has found a new role at Zeb nickel on the tsx
. Zeb Nickel (TSX-V:ZBNI, OTC:ZBNIF) Corp has announced that Alex Spiro and Anthony James Nieuwenhuys have been appointed to the company’s board of directors.
Nieuwenhuys joins the board as a non-executive chairman and Spiro as a director, Zeb Nickel (TSX-V:ZBNI, OTC:ZBNIF) said in a statement.
The company noted that Nieuwenhuys has previously held several senior positions and is currently CEO at Eurasia Mining PLC (AIM:EUA), a PGM and battery metals company focused on Russian PGE and battery metals assets
2000p target for me. We have risen to 450p on not much. Won’t take much to push it higher. Added more today.
Ditto. Welcome back!
The nominal is 1p and they can’t raise below this unless they win A GM to change it. They only have authority for 160m shares. I think Damollie Partners ( major shareholder) would block a huge discount dilution.
Results are very poor. Cash of only 250k. Wonder what’s next for Starcom?
There is no option to buy 22% of pmp. It lapsed. PMP need to pay back cad. Cad could settle the loan for taking a Bigger share of PMP. Interesting to see what happens.
Control is about voting rights. PMP indirectly controls Proper Spa. Through voting rights.
Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the Main Market of the London Stock Exchange, is pleased to announce that its wholly owned subsidiary Cadogan Petroleum Holdings BV (“CPHBV”) has entered into a Euro 13,385,000 loan agreement with Proger Managers & Partners Srl (“PMP”), a privately owned Italian company whose only interest is a 59.6% participation in Proger Ingegneria Srl (“Proger Ingegneria”), a privately owned company which has a 67.9% participating interest in Proger spa (“Proger”). The loan carries an entitlement to interest at a rate of 5.5% per year, payable at maturity (which is 24 months after the execution date and assuming that the call option described below is not exercised). The principal of the loan is secured by a pledge on PMP’s current participating interest in Proger Ingegneria Srl, up to a maximum guaranteed amount of Euro 13,385,000.
this was from a few years back. Proger Managers & Partners Srl (“PMP”) is in default. Proger Managers & Partners Srl (“PMP”) in turn own 59.6% of Proger Ingegneria Srl (“Proger Ingegneria”) who in turn own 67.9% participating interest in Proger spa (“Proger”). I guess Cadogan could likely take control of Proger Managers & Partners Srl (“PMP”) , if so then they will control Proger Ingegneria Srl (“Proger Ingegneria”) as CAD can exercise control of 59.6% of the voting rights of Proger Ingegneria Srl (“Proger Ingegneria”). They will therefore control the voting rights of 67.9% of the voting rights of Proger spa (“Proger”).
CAD has quite good leverage in this situation...
I think the value of the assets in origo are worth at least 5m pounds. So 20% of ordinary shareholders will get 1m pounds of that. 80% goes to the preference shareholders. Also need to add the shell value. So at 0.40 it’s still 1.5m market cap. Good rerate today.
Well done Swizz for sticking with this multibagger of a stock!
Target of 1.5p on further news.
To close your short?
Nothing is brewing...
CLN29 Jan 2021 17:39
Extended again,not surprising.
If the note holders won't convert at 85p why would anyone buy above 85p.
Not hard to figure out is it.
350p with current shares in issue.
It’s the currency of the country called Campaign for Nuclear Disarmament.
Attention to detail has never been a strong point for this Board of Directors.
I need to correct you that. It is a director purchase of shares from an unrelated entity. If it was related that it would have stated that in the rns. It is quite simple - The directors bought the shares from a seller at an agreed price of the bid which was 0.24.
Directors are buying this “crap”... wonder why Tansu?
Interesting rns on origo partners. Damiloe partners who have 10% of the stock in BOR have bought 10% of OPP..
95m shares in issue. If Odey sell 5% of their holding at 2p that only nets them 85 grand approx. If at 1p it’s 42.5 grand. Is it really worth it? Strange behaviour.
Where did Mibo go? Posts seem to have disappeared..
Jollyspeculator you are next.