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Minoan Share Discussion Threads
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|a bit of volume, unfortunately selling though, this morning|
|This is the last hurdle !
unfortunately no one seems o have any clue as to how long this process will take.
i wish we had a Greek Person who could comment on the Greek legal system, certainly the directors seem to be clueless.|
|All we need to do is get this final appeal out the way.
We have the Presidential Decree. We have the plan approved by the planning committee. Not sure when the Greek court reconvenes but I'm hoping this is the last hurdle.|
|I am led to believe planning for the Crete project is coming and that these appeals are just a formality to go through.
I don't understand Greek planning but apparantly dragging on like this, is natural and expected.
I'm going to add a few more if the share price slips below 7p as the market doesn't seem to attribute much or any value to the potential value of the intended project with planning permission. Here in the Uk land sells for substantially more with planning.
I don't know what the detailed plan is for after the planning approval, but I don't think the market will ignore it and I expect a frenzy of buying in panic.|
very true, although in practice most option recipients buy/sell on the same day so they never actually 'pay' for them...just receive the profit|
|Another day, some more options...
1 million to the FD of the Travel dept - exercisable until 2020 and at 8p
MIN have steadily been creating a huge 'virtual' overhang now of options - and all very generously priced.
As soon as the PD is granted and (hopefully) they announce partner agreements which could see some realistic share price (i.e. 20-40p) wait and see for wave after wave of options to hit the market.
IIRC the share issue could increase by ALMOST 50% from the current options|
|But the time line is amazing given what the board have said about having plans in place. By the time mid 2018 arrives one would have thought 10p would be a very distant memory.
It is certainly money for old rope if you believe the directors have plans in place !|
|But these are not shares issued at a price to settle some liabilities…..."or certain existing commitments" as they've done before. These are “options”; to buy. A bit of an anomaly really I think. What if you don’t take up the “option” to buy, how do you get repaid? But of course you DO take up the “option” - as you’ll not only get repaid, but will also make a fortune and you will have lots of time flexibility about when to cash in!|
|My guess is that it is creditors where cash is tight|
|Share your sentiments on the options Atlantic.
"options" are not like the shares in lieu of payments. So they must be director related and as always the price would be a very nice price. But the time line is amazing given what the board have said about having plans in place. By the time mid 2018 arrives one would have thought 10p would be a very distant memory. Very definitely money for old rope!! We hope!|
|Anyone know when the new legal year starts in Greece?|
|Agree the previous posts but if this is a 100 million pound valuation,it would have been good if that confidence had been reflected in the option price or a shorter
Period to come on board at 10 p.|
|Agreed, the price is clearly based on an expected positive outcome|
|Yeah i think it was something like that Atlantic. Think MMs were caught off guard by a few large trades.
But if we manage to hold this ground, then I'd be happy for now. The higher we are before real-deal, all the better.
RNS could drop at any time now. Just which day...who knows.
One thing is for sure, there are going to be a lot of peeps kicking themselves when it does drop, as they will have to pay a lot more for stock as the price will rocket in a flash. Friday's taster just an example. Or look back at the day the original news came in March.|
|Well Gerhart the price action today confirms your thoughts!
The friday action was attributable to the share prophet coverage and first thing this morning,
i guess the market makers hoped there would be a follow through but i guess there wasn't.|
|Crete project on it's own could be worth around £100m and more versus mkt cap at the moment of £15m.
It sounds like just one more hoop and it's a done deal to me but the market is still not convinced, yet.
Exciting times ahead.
trading update in DEC 2016 for the existing business.
"I am also pleased to inform shareholders that although we are still in the opening quarter of our current financial year, trading in our travel business has begun the year strongly and is comfortably ahead of the corresponding period last year."|
|According to the news article I posted a few months back, the normal time table for appeals would have taken until the end of December
Taking into account the Christmas break, and Epiphany (very important in the Orthodox calendar) now over, I would expect a decision very shortly|
|Gerhart well spotted!
I think you are correct !
I wonder if there will be a decision in January.|
|Well wherever you from let's hope we have a nice Monday. (thought we already had whatever we were going to get through TW's tip for this time) Though I think this is just a wee stirrin' in a tea cup.
I was surprised MMs didn't react to the two "big" trades early on in the PM, mind you there's been a lot of dumping recently. Think today a few people got a sense we were about to take off with big news after that.
But I'll be very happy to be wrong!|
|respiros you are an optimistic soul and based on the volume of shares traded there
do appear to be grounds for optimism next week.|
|The anticipation of a potential positive decition should build a share price higher prior of the decition. I think we could have a new year high on positive new and if the board announces partners we will have completely new level highs and more stable share price
The share price will slowly start to reflect new realities on positive news.
I was too optimistic I guess for November end month news but I simply used my logic😀|
|I did say 6.25p was the bottom and could double from there.
With action this afternoon based on low volume looks like next week could pave the way for a relating for MIN.|