Minoan Share Discussion Threads

[justjill] 08/6/2018 15:54

All I am saying is the RNS just a few days ago said the sale was still on...just slower than hoped. And Scotty's feedback today says just the same...sale still on. But hey I am not complaining. We're up - until the attention defict peeps at Twitter get bored. :(

[scotty1] 08/6/2018 15:43

Don't know about Mon Hugo although who knows but I really do expect to see completion this month as the buyer has probably holding off as he/they know pressure would be mounting.aimo of course

[wi1l] 08/6/2018 15:43

Could be all buys today?

[hugothesecond] 08/6/2018 15:39

Agree the wording implies that the sale is still on. If travel staff have been told today that their jobs are safe then we could well possibly expect an announcement on Monday.

[scotty1] 08/6/2018 15:31

Justjill maybe I am and maybe I'm not see PJs post above 😋

[pj 1] 08/6/2018 15:21

''we will make the relevant announcement when the sale is completed.''

That wording should not have been used. 'when the sale completes or not' should have been the wording

[justjill] 08/6/2018 15:16

Not the twitter mob again. MMs probably love them....ramp the price and ramp it down again.

Think you're reading way too much into the reply Scotty...maybe weekend excitement! :). To quote him....not sure what reply you expect.

[scotty1] 08/6/2018 14:58

As a rider to the above post I knew they couldn't confirm it as it's not in the public domain but they can deny it as they have done with other pieces I have sent them or asked them.

[scotty1] 08/6/2018 14:36

Another tick up without any trades going through can only mean one thing,delayed buys to show,perhaps as sells after it goes up a tad more 🤑

[scotty1] 08/6/2018 14:19

HSR finished their latest updates off on 6th June with below piece,you do the maths M/C way tooooooo low 🤔

But we do expect T&L to be sold for enough to clear debts and pay the bills for a good while. And that will allow Minoan to unlock the real and clear value at Cave Sidero at its own pace. Thus the sale of T&L will drive a re-rate.At 6p-6.2p the market cap is just £14 million but CS is worth anything up to 100 million Euro. Hence the stance is still BUY

[hugothesecond] 08/6/2018 14:17

If the Stewart travel info is correct then it all fits in with the Hillside loan deadline - MIN may well for once surprise us with an announcement before 30th June !

[scotty1] 08/6/2018 14:15

Paying full offer again for small amounts,another tick up coming ?

[scotty1] 08/6/2018 14:05

Now paying a premium 😀

[scotty1] 08/6/2018 14:04

Full ask now on 10k worth,if I worked for Stewart travel and knew that Twitter piece to be a fact I would be buying All I could 😋

[a2584728] 08/6/2018 12:55

As predicted bounced straight back

[wi1l] 08/6/2018 12:18

from someone on twitter
Was in my local Stewart Travel today booking my annual holiday was quizing the girl about her job she said she would have a new employer by the end of the month but her job was safe Stewart Travel is owned by MINOAN/MIN and is the asset up for sale
8 Jun 2018

[scotty1] 08/6/2018 08:48

A buy of 25k and they up the offer,somewhere along the line the MMs soon get short of stock,just shows what'll happen when the BODs pull their proverbial finger out and it will happen at some point.I know I keep saying it but no matter how you look at it the M/C is way to low and there's money to be made from these levels 😁

[hugothesecond] 07/6/2018 17:54

I did say a few weeks ago that DW could buy out the T/L leaving CE with CS. Just how much DW would pay is diff to say - given that he has grown the business he knows it backwards. Of course he has lots of options in the business too.

[wi1l] 07/6/2018 15:07

Yes, management buyout Minoan-style! Would explain why its taking so long!

[pj 1] 07/6/2018 13:47

Odds on a related party?

[pj 1] 07/6/2018 13:42

I'm really struggling as to why the BoD are clinging on to this one T&L deal. They could have sold it 3 times over in the time its taken.

[justjill] 07/6/2018 13:18

All very frustrating. But you would be mad to sell now. Almost as mad not to buy - if you have the funds.

It will all come good in the end - despite, apparently, MIN BoD, rather than because of them.

Wonder is the buyer of the T+L dragging their feet hoping to lower the price as they know it's part of the strategic plan. IT's not a "fire sale" but the sale allows MIN to focus on greater riches and the buyer knows it. The potential purchaser was first mentioned last December after the the inept Chrismas fundraising.

And as for Greece....last RNS clearly mentioned one particular partner...now they are using the plural again. So unclear what is happening there.

As I say before, almost in jest: Greenwich Mean Time. British Summer Time; and British Minoan Time. Zzzzzzzzzzz.

[wi1l] 07/6/2018 12:37

MM's dropped the price BUT now looking to buy 275K whereas before it was next to nothing FWIW.

[atlantic57] 07/6/2018 12:14

Now I understand Minoan it is a lifetime
Discretionary trust with cs as the asset
Upon which benefits are secured.

Some time up to go before asset is exhausted.