Cadogan Energy Solutions Share Discussion Threads

[shortcpx] 07/3/2022 12:15

So you guys are lucky Fady is so Fadding useless that the only value in this company is the cash pile ?????

[thordon] 24/2/2022 21:47

Cadogan have more cash reserves held outside ukraine , in fact in cash terms twice this value the company's worth with other assets not in Ukraine. This does not include the cash owed by Proger Managers & Partners Srl.

[targatarga] 24/2/2022 09:02

I assume cash in bank and possible Proger settlement would be our saving grace. Sad day all round.Let's hope Fhady isn't allowed to milk this till it runs dry. imho

[russman] 19/2/2022 07:02

Seems pretty straightforward loan agreement. PMP appear to be in default. Why is arbitration taking so long.

[russman] 18/2/2022 10:19

Proger went to arbitration in March 2021. A year with no progress reports.

[thordon] 04/2/2022 23:19

when your holding in shares is worth 4 times the share price , yes still holding

[dougdig] 04/2/2022 16:55

I'm still holding and hoping and appreciate your posts irt. :)
As always, thanks for your input.

[targatarga] 04/2/2022 08:24

I'm here it'srisky.. I still believe we'll get taken out on the cheap just before the business makes a fortune. Can't see Fhady offering much of a premium though!

[itsriskythat] 04/2/2022 08:07

Morning.

Don't see the point of posting here as no-one reads this board any longer? Does anyone still have an interest in posts about Cadogan?

It's the CEO that has killed any interest here.

[itsriskythat] 02/2/2022 12:33

The general lack of foreign exchange if the Hryvnia falls from an exodus into US dollars is another problem for Ukraine.

But most of Cadogan cash is already in dollars in a safe bank. Also Cadogan’s oil sales price is set in dollars, paid in Hryvnia, and converted back into dollars.

So a fall in Hryvnia hardly reduces the cash flow at all and doesn’t change the amount of dollars on deposit in the bank.

Some might say to shut down oil operations, decommission, and close the operational side of the business, and strangely that would send the share price up!

[russman] 01/2/2022 18:40

Western Ukraine sums up their current position.

[itsriskythat] 01/2/2022 16:37

Yes, that’s a bit odd. Anything being said by Proger about a stock market listing?

[russman] 11/1/2022 18:11

No mention of Proger though.

[itsriskythat] 11/1/2022 14:23

Fady's operations review for 2021 has just 249 words that's 20% more than last year like the 20% increase in oil production.

The increase in production will mean a good profit for 2021 and increased cash at year end after another year without operational progress.

I'm hoping there's a plan to spend the cash, otherwise what's the point in running this business as it must be so boring.

[targatarga] 29/12/2021 07:37

Interesting that BDO resigned as auditors because they didn't think it was worthy of their time/experience. Can't see Grant Thornton doing it for peanuts either imho.

[thordon] 06/12/2021 21:19

Bloody nightmare Ukraine law , anyway looks as if we get our wells back.
More importance now that Russia are looking to divert the gas through Ukraine.

Targatarga - Cadogan is cash rich and owns Assets around $48 million , just not loved but then does have around 4 High court cases going on + arbitration on default loan to Cadogan - which is always safe as worst case we get shares in Proger

[itsriskythat] 06/12/2021 13:11

Simple and short answer is that SGS will be unable to defend their action in refusing to issue a permit for Bitlyanska. This is evident from Thordon's earlier post.

[targatarga] 06/12/2021 12:07

Not often we see buying in these.... Any ideas?

[itsriskythat] 04/12/2021 09:28

Fady's bonus if there is a recovery of the Proger loan is 50% convertible into shares with a minimum conversion price of 3p.

So board of directors thought that 3p was a bargain price for Fady to receive his bonus shares. Also any shares must be held for 2 years.

[targatarga] 26/11/2021 08:28

I personally think Fady will buy large chunks of shares when they're available . Won't be long before he's a major holder. Imho

[targatarga] 26/11/2021 07:49

New auditor?

[russman] 26/11/2021 07:19

Fady has actually done something.