Minoan Share Discussion Threads

[hugothesecond] 29/6/2018 13:56

I recon on 1530.

[scotty1] 29/6/2018 13:36

Anyone for a Friday after close RNS?

[scotty1] 29/6/2018 13:33

Optrade and what does he say?

BoD still not answering my emails.

[fireplace22] 29/6/2018 12:46

right about what?

[wi1l] 29/6/2018 11:51

Well topstocks, sorry optrade you are doing an admirable job on twitter but I am still none the wiser. Edit, but I hope you are right!

[optrade] 29/6/2018 11:41

Paul Reid
Business Development Manager at Stewart Travel Management

[scotty1] 29/6/2018 11:29

Care to expand optrade,other than what we know should be happening you post as if you know news is on its way and that it will be good.

[optrade] 29/6/2018 11:06

Game changing news on the way

[atlantic57] 29/6/2018 10:51

Many of us have made the same mistake.
Some have been successful at trading min.
However unless the bod surprise us this
Will take years to move forwards.

The bod never provide any meaningful information to shareholders.

[sandcrab2] 29/6/2018 10:34

Cant believed I was suckered into this thing in 1998

[atlantic57] 29/6/2018 08:51

They have achieved absolutely nothing in the year that has elapsed since so the so callled appeal was dismissed.This is why the share price has halved.

I can't see the Directors making meaningful announcements on cs for a couple of years.
Warms words about talks with 3rd parties mean nothing to shareholders.

We only benefit from monetarisation of the project which remains a mirage.

[justjill] 29/6/2018 08:50

Maybe not a bad sign Scotty....maybe closing the detail and think you won't have long to wait for the answer.

Or maybe down the pub watching the footie! :)

[scotty1] 29/6/2018 08:26

And to top it all they ain't answering emails well mine anyways

[scotty1] 29/6/2018 08:24

Justjill that's the problem though loan extension AGAIN at what cost this time plus another cash call probably which is more dilution,meanwhile Greece starts their summer break until September and although it shouldn't impact any negotiations(that's a laugh for a start) it doesn't help any,FFS they still have to get building permits through(when they finally get going) plus raise another 500k before year end,Travel side should have been tied up long ago.

[justjill] 29/6/2018 08:08

I think they regard as having updated as much as they can Re T+L sale and have nothing new to add.

Meanwhile, loan rollover will come as a brief announcement during the day....but that itself will give a clue as to expected finalisation of T+L.

[pj 1] 28/6/2018 17:25

For those interested the official response to the timeframe for exclusivity agreement is-


''the suggested period should be fixed or possibly void for uncertainty, but that period should be 'no longer than is reasonably needed to complete negotiations', whatever can be determined as reasonable in the circumstances.''


All I have spoken to agree that the 3 months would be unreasonable.

Draw your own conclusions

[wi1l] 28/6/2018 17:18

The RNS on the loan came at 11.30am this time last year but they might surprise (not) everyone with news earlier than this. I doubt we will hear much more but will just be happy to hear the loan has been dealt with correctly and if it has had to be extended then that has been agreed by all parties concerned.

[waterloo01] 28/6/2018 15:55

On that count (and a few others) so it seems. I assumed Duncan would either go with the business or was part of the buyers group (his experience is solidly travel agencies) and suspect that might be part of the problem and the related party nature of it might be why they haven't been as tight as they need to be. (all IMO)

Whatever, the Hillside loan hangs as does the lack of any further news re Crete, not even the name of our new adviser who was given options recently.

All very clear and transparent (not).

[pj 1] 28/6/2018 15:43

Apologies for all the posts but there is a chance the exclusivity duration could have been until ''the date the transaction completes''


Surely MIN would have been insane to agree to such knowing the looming Hillside position? Whilst it would also prevent exploring other possible sale avenues?


More incompetence?

[pj 1] 28/6/2018 15:10

This is getting a bit more complicated than I thought.

It seems that by Main Market rules that MIN COULD have been guilty of failing to notify the Market, however, their disclaimer would probably have been their advisors. i.e. they were doing what their advisors told them.


However, obviously MIN are not a main listing and are listed on AIM, and there the confusion (even for a well known high street financial institution) starts.

[ny boy] 28/6/2018 14:54

Can’t see a reason to buy here, on my watch list but not keen, too many other attractive plays..AOR, INFA, TERN,RKH etc.

Always dyor

[pj 1] 28/6/2018 14:54

It could be off course that the original time frame has been extended by agreement, if so then the current position needs to be RNS'd, and maybe should have been RNS'd much earlier.