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P.s. MSFA ARE STILL LISTING ON THEIR EXCHANGE!!
See https://www.borzamalta.com.mt/news-exchange-notice---no-1821
Notice 1821 listing on 24th June AFTER they grey crap!!
This has no impact on Forbes WHATSOEVER!
For a start Forbes is a company BASED IN THE UK!
This news only impacts companies based in Malta!
The Malta Stock Exchange IS NOT IMPACTED!!
Buy the dip folks...everyone who sold will only be buying back at a higher price when the RNS comes out and this heads above 15p within hours!
Slight delay but it's nailed on to happen within 14 days along with the 60mill!
Also "the Company will also provide a Corporate Update on the progress
that has been made in implementing the strategy set out"
That's the most exciting part especially with all the new job posts talking of new projects
PEEL still on 6.75 on the Bid with sells at 6.5. Rerate in the morning 100% RNS or not!!
PEEL MM must have news! He didn't log on till late and now trying to drive up the price with 6.75 on the Bid and 8.75 on the Ask! 100% he knows something! Definitely a positive RNS today or tomorrow I'll bet my house on it!
The 5.7 and then 5.733 were 2 of my buys!
The MMs have 300,000 shares to trade now instead of 75,000 last week! That can only mean the listing has happened and they've been informed to make more share available!
Step 1 Offering Memorandum approved DONE
Step 2 Certified copies of the Board Resolutions authorizing the issue of the financial instruments DONE
Step 3 A copy of notice of meeting DONE
Step 4 Add financial instrument to Listing PENDING
Or formally as below..
"A copy of the Offering Memorandum approved/to be approved by the Listing Authority
Certified copies of the Board Resolutions authorizing the issue of the financial instruments for which application is being made and also those authorizing the issue of the Offering Memorandum
A copy of any notice of meeting as may be referred to in the Offering Memorandum
Once the Listing Authority has authorized the financial instruments as admissible to Listing, they would be eligible for admission to one of the recognised lists of the Exchange. The admissibility and admission processes are usually concurrent and do not involve duplication of submissions or vetting of documentation. Requirements for Admission to the Malta Stock Exchange are found in Chapter 5 of the MSE bye-laws – MSE Bye-Laws Chapter 5"
Evidenced by:
https://www.mfsa.mt/financial-services-register/result/?id=16207
Regarding the £40mil and new Prospects MTF...we have completed step 5 and at a status of NOTIFIED following the AUTHORISED status. This just means we are waiting for some desk job to finally to the the Forbes file in her pile of work and just put them in on the computer!
Admission Process
A five step approach to the smooth admission to the Prospects MTF
Phase One: An introductory meeting between the Exchange, the Corporate Advisor and the prospective applicant to discuss the application process
Phase Two: Compilation of the admission document
Phase Three: A meeting with the Corporate Advisor to verify the thoroughness and completeness of the formal application and accompanying documentation
Phase Four: Submission of the formal application and €5,000 payment
Phase Five: The Admissions Committee reviews and makes its recommendation to the Exchange Board of Directors
Yes! Expect another big day today and for more people to notice this and realise what's going on when it appears on the top risers board again!
Odds on an RNS stating the 21mill has been repaid? 9mill mcap...30p here we come!
"The previously announced second Litigation Funding Securitisation of GBP 60 million two-year notes is expected to be listed by 31 May 2021, and work is underway in preparation of the same."
From the last RNS!
And still waiting for the RNS for the 40mill listing even though we don't need confirmation of that because it's already been authorised!
Put your hands up if your perfectly timed buying that dip!
1 big seller closing their position on a week where 2 x RNSs are likely (how idiotic) and a few panic sellers. An Ask price at 4.6 don't mind if I doooooo why thank you! Discount of the month!
Would have been a late reported buy from Friday or an UT.
Either way 30% up already. Should see 100% today then maybe an RNS about the €21mill loan that has been repaid and we should get 30p by end of the week with this still only having an mcap of 10mill
Cadogan Petroleum Plc
("Cadogan" or the "Company")
CEO Dealings - Market Share Purchase
Cadogan Petroleum plc ("Cadogan" or the "Company") today announces that its
CEO, Mr. Fady Khallouf, has purchased on 20 May 2021 1,000,000 ordinary shares
of £0.03 each, in the capital of the Company, on the London Stock Exchange at a
price of £0.042 each.
Following this purchase Mr Fady Khallouf holds in total 10,425,455 shares
representing 4.27% of the Company.
About
Cadogan is an independent, diversified oil and gas company, which operates
exploration and production licenses in Western Ukraine, conducts gas trading
operations, and provides services to E&P companies.
For further information, please contact:
Cadogan Petroleum plc
Fady Khallouf Chief Executive Officer
fady.khallouf@cadoganpetroleum.com
Ben Harber Company Secretary +44 0207
264 4366
Appendix
The notification detailed above and summarised in the table below is made in
accordance with the requirements of the EU Market Abuse Regulations as follows:
Fady Khallouf, CEO purchased 1,000,000 shares at £0.042 per share on 20 May
2021.
1. Details of PDMR/ person closely associated with them ('PCA')
a) Name Fady Khallouf
2. Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification / Initial notification of purchase of shares
Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Cadogan Petroleum plc
b) LEI 213800JIBKL29FAK1213
4. Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the Ordinary shares of 3 pence each
financial instrument, type
of instrument
GB00B12WC938
Identification code
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s) Price(s)
Volume(s)
£0.042
1,000,000
Aggregated information
- Aggregated volume 1,000,000
- Price £0.042
e) Date of the transaction 20 May 2021
f) Place of the transaction XLON
Given the large director buy of over 1 million at a sp of 4.2 when this has been below that for weeks then it would suggest we may well see an RNS announcing that the €21 million loan has been repaid. This has an mcap of just £9mill and is producing profit and barrels of oil! If the loan is repaid then on top of the cash holding they have already then this should be 40p+ approx. 80m mcap at least!