Minoan Share Discussion Threads

[fireplace22] 25/6/2018 10:10

Not had years to develop the project - much of the time has been waiting for pp and the subsequent appeals. They should however have had contacts/interested parties in the frame in the meantime.

[colinzeal] 25/6/2018 10:05

People keep reiterating the valuation but it's only worth what someone else is prepared to pay for it: at the moment at least, it appears no-one wants any part of it! Remember that the BoD have had years now to develop the project - at an objective level you’d have expected to hear some semblance of progress, however small, by now. Therefore, until I hear differently, I can only assume that the BoD are incapable of monetising the asset or indeed, that the asset is not as prized as we have been led to believe. A lot hinges on this week and I only hope that I am pleasantly surprised by the end of it as opposed to being continually disappointed.

[justjill] 25/6/2018 10:04

As those of us around, and long-suffering enough to know....this can, turn on a sixpence, as the old saying goes. It can turn and shoot up by a good percentage in very short order.

[nick2412] 25/6/2018 09:57

colin, it usually works the other way with the rsi so low if they complete the sale. Ultimately though we have a Company with market cap of about £12m with a travel company value just about covering debt and an asset in CS worth anywhere between a rock bottom £50m and an optimistic £100m.

[wi1l] 25/6/2018 09:44

MM's taking advantage of the delay but it should recover once the uncertaincy is over, they will push it up just as quickly depending on buying volumes presumably and more importantly what news we receive. In the meantime hold on tight.

[pj 1] 25/6/2018 09:38

Week 12 2017 it rose from 6.2 to 9.6, Week 13 2017 it then rose again to 11.5

so a 2 week total of 85%

[colinzeal] 25/6/2018 09:17

even if they do annouce the sale the share price is now so depressed it will only probably only rise 1 or 2p now.

[jfree101] 25/6/2018 08:27

Investing in Oil and Gas business is as profiting as investing in Bitcoin, Bitcoin is even faster and a means of saving money with 100% assurance of turning couple thousands to millions. I started the trade though and it's been great, the market been in a poor state is the best time to invest cos in a couple weeks it's going up. [e-mail] is the miner am investing with email, you can reach him for infos.

[waterloo01] 25/6/2018 08:09

Talk about leaving it late!

[atlantic57] 24/6/2018 09:07

Just Jill I have been guilty of this myself but frankly there is no benefit in speculating on what is happening at Bod level.
Even those posters who claim to be be close to "sources" have proved to be completely wrong with their predictions.

I will just have to wait and see, once the Board update us we can make meaningful comments.

[justjill] 23/6/2018 20:36

Sandcrab, I know you're a longstanding poster here and talking perfect sense - NOT - on both fronts! :)

Maybe there is a issue about agreeing price, but I suspect not. The ballpark figure would have been agreed sometime ago - and the company has produced better numbers recently.

On the "4p placing" - please if you are going to deramp, try and keep it sensible!

If there was 1-million left outstanding because we got less than intended, then I am sure Hillside would offer an option to loan the O/S balance, and if need be a placing could be done at a much higher price, very soon, or the money from part sale of Crete.

(Most peeps post regularly here and we try and keep it sane...even if we do get mad as hell and utterly depressed at times! :))

[atlantic57] 23/6/2018 17:02

Sand crab it is just as likely the buyer can't raise the Finance.
Whatever the reasons on the Balance of probality I suspect the Hillside loan
Will be rolled over with the attendant interest rate charge and warrants.

As has been pointed out by others if the talks with the purchasers had been terminated
They would have to alert the market.

So the talks will probably go on and on....
Min have the ability to drag things out ....

[sandcrab2] 23/6/2018 16:28

Guys

The delay is obviously disagreement about the price

I expect they will have to agree a price of £5m, leaving £1m outstanding on the Hillside loan, which will have to be repaid by a placing at 4p

Them's my thoughts

[atlantic57] 22/6/2018 13:59

That is a fair Point Nick !

As recent scandals have shown Hillsborough ,the gosport hospital scandal.The sudden 'discovery' of dirty money fuelling the london property boom.

The list is endless ...

[nick2412] 22/6/2018 13:48

Atlantic agreed in general but my point is the big players do it more subtly, a 3m trade given the average daily volume here will have to be investigated if there is a placing. That’s still an if as every time I have contacted the company they say the sale is proceeding and if it weren’t they would have already made provision re. Hillside. It could of course just be a large holder hacked off with delays.

[atlantic57] 22/6/2018 13:36

Nick I am astonished at your comments. These rules are for the little people .

[scotty1] 22/6/2018 13:23

Well Nick as suppose we will find out soon.

[nick2412] 22/6/2018 13:09

I don't think someone would risk selling 3m if they were taking part in a placing because, in the event there is one, that trade is guaranteed to be investigated. Insider trading is a criminal offence. We all know it goes on but probably on a more subtle level.

[fireplace22] 22/6/2018 13:07

Whoever it was certainly wasn't privy to the inside info we have gleaned from the young lady in Edinburgh branch! :-)

[justjill] 22/6/2018 12:39

More likely some party needed cash....it happens. They may have even waited longer than planned. Margin call else where even. No one can know.

[scotty1] 22/6/2018 12:33

Atlantic probably forward selling into a placing and buying em back at 5p ?

[atlantic57] 22/6/2018 12:30

Well I doubt thatsomeone is selling 3 million ahead of a positive announcement.
More likely that the know for a fact what the share price is telling us.

[jamdan1] 22/6/2018 12:26

There's two 3 million sells.

[scotty1] 22/6/2018 12:22

That's the reason for the drop this morn,3m sell at 5.2p from yesterday,someone who know's they'll get em back cheaper perhaps?