Minoan Share Discussion Threads

[wi1l] 14/7/2018 10:11

Probably waiting on the T&L sale before any investment comes. Agreed it will make a big difference to the share price if and when they find that interested party who hopefully is a property fund manager with deep pockets and substantial funds for the just such a project.

[atlantic57] 14/7/2018 09:55

We need a third party to put some money down and therefore monetarise the project
This establishing a value for min.

Until this happens I can’t see a huge rerating.min do everything at Minoan
Speed

[wi1l] 14/7/2018 09:48

Must have had one mm selling at 5.9 and another one buying at the same amount if that's allowed? Must be slight confusion in the ranks??

All to play for (still). Would have thought that the exchange , if its going to happen, will be some time next week with the next 3 weeks going for the shareholder vote-my vote, at this point, need to see the detail, but fwiw is probably going to be a yes to the sale - would be interested to hear of others views though.

Then the next piece of the Minoan puzzle, assuming shareholder approval, will be the loan repayment, coupled with the bod changes, I wonder who's going, there are quite a few past retirement age and will they bring in additional directors possibly from the interested party's side??

After that,raising enough funds to finance the CS development and then, finally getting the show on the road,paying the balance of the deposit to the monastary and then applying for the building permits (or have they done that already?) then starting phase 1 at Grandes Bay together with the golf course and golf complex. Moving swiftly on to hotels and apartments at White sands Bay, Crystal Cove and Porto Sidero, a mouth watering prospect, should they get to it.

Its all quiet on that front but hopefully the bod have been peddling like mad under the surface and are all prepared for this final stage. Now whats that flying over there??

[iomdm] 13/7/2018 15:27

wi1l, yes strange, my top up of just over 42k shares was at 5.9. I had to check that I bought and hadn't sold by mistake!

[wi1l] 13/7/2018 15:07

Must be either the hot weather or a mm minoan trap but you can buy 1000 at 5.9p and sell 1000 at 5.9p and as for selling not many more.

[justjill] 13/7/2018 10:48

Cheers Scotty - I'll take similar terms! Sorry Atlantic no house....at these levels and timing and recent updates - I would have bet the house on this!

Surely.....after all this time and frustration etc etc...our MORNING SUN is only just below the horizon!

[scotty1] 13/7/2018 10:45

About 1.56 min in


hxxps://www.share-talk.com/share-news/share-talk-bulletin-board-heroes-13th-july-2018/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare

[atlantic57] 13/7/2018 10:36

I will give you a loan secured on your house.

Arrangement fee 500
Interest 10%
:))

[scotty1] 13/7/2018 10:36

Will give you same terms as Hillside but no rollovers I afraid 😉

[justjill] 13/7/2018 10:28

Anyone fancy loaning me say £10k to buy some more? Would pay a very good interest rate on the loan! Offers ASAP please.....

[scotty1] 13/7/2018 10:05

Justjill,imo it's the purchaser who's been the problem getting the financing, admittedly the BoDs should have walked away long ago but again imo the purchaser already as a position in MIN so they have given more leeway I also believe reading the RNS that is now all but sorted and will be completed before end of month,I'm also with you that re CS that we have more than one interested party but as had been said before I don't think they are interested until Travel side is sold and out of the way aimo of course but I can now see the light at the end of the tunnel and it's getting brighter.

[justjill] 13/7/2018 09:53

Thanks Scotty. Hardly any revelations in there that we haven't banded about ourselves.

Without being negative, and I don't think it will have happened, and on the contrary there maybe be more than one interested party. But if the so-called “credible party” had walked we would not necessarily have been told. Were we ever told Candia had walked away from their option to buy another chunk? Not that I remember, but it came out in the wash at the investor show (someone asked)that the option had lapsed.

But as I say don’t believe any issues here now...…except management still need a rocket up the collective corporate derrières!

[scotty1] 13/7/2018 09:31

As a rider to the above post TW as also updated and remains confident with a continued buy stance

[scotty1] 13/7/2018 09:28

Here's the full article from yesterday,hope he's correct in his assumptions.


Minoan – Hillside loan extension (again….)
By Nigel Somerville | Thursday 12 July 2018

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Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

AIM-listed Greek resort hopeful Minoan (MIN) has announced yet another extension to its loan from Hillside. The terms are largely the same, but a further 1.7 million warrants at 6p are being issued, and the loan is now on demand, with a long-stop date of 31st August. This is in relation to the announcement last week that the sale of its travel and leisure business is on the way. With a long-stop date of 31st August, one might assume that at long last something is going to happen!

Settling the debt from the T&L sale means that it will have to come after details of the proposed sale have been released, for the company has already told us that it will require a general meeting. With suitable notice periods for the GM, I would expect details of the sale to be released by around the end of this month. So this looks like very good news indeed, and I look forward to the news of the sale in due course.

As to what comes after that, I can’t help thinking that further moves could be afoot. We already know that a “credible party” made an approach with a view to acquiring a significant stake in the Cavo Sidero project back in March. Despite a promise to provide shreholders with an update in due course, we’ve heard nothing on that since.

I would suggest that if a potential deal was no longer on the table we would have been told by now, and that leaves me suspecting that there is still a potential deal on the table. What that deal may involve (or not) I don’t know, but my suspicion is that it is contingent on the sale of T&L. Since we have already been told the sale needs a general meeting, I wonder if the GM may have one or two further parts involving bringing in a partner – and we already know that management changes are planned post-sale from the FY17 results statement. We shall see…..but it could be more exciting than many fear.

Overall, I remain optimistic that the end of my (and everyone else’s) frustrations may finally be closer than ever, and that a dramatic re-rate may be on the cards within weeks. So I maintain a BUY stance – with the caveat that considerable patience may still be needed.

[wi1l] 13/7/2018 09:27

Agreed PJ. Buying at just below 6p all shown as sells, misleading as usual.

[nick2412] 13/7/2018 08:47

Looking at the bigger picture, I am aware that management perceive that there are some positive indicators suggesting that the Greek property market is turning upwards in a timely way. That obviously can only be helpful for Cave Sidero developments and getting a partner in at a decent valuation. Official stats in all sectors tend to lag behind what's happening at any given time and anyone based in Athens is going to have a good feel for current 'here and now' trends.

[pj 1] 13/7/2018 08:30

MM's probably have a limit order to fill, so they mark it up stupidly to deter other buyers. I hope i'm wrong but it happens so many times. MM's not making a Market rather than making one. The whole system needs revamping

[justjill] 13/7/2018 08:25

Long term holders/traders often have a right to feel "cheated" in these situations. They have been around a long time, watched the value of their holdings fall, or had realised losses for whatever reason. Then as things are about to turn lots of new kids on the block show up and make loads of dosh from a low base.

That's how I feel....but still want this to fly and soon.

Basically the end date for the loan looks set and that clearly indicates much has happened behind the scenes that we haven't yet be told about. Not long to go.

[pre] 13/7/2018 08:24

Think news is on its way...its certainly looks like the sale is going through judging by the last 2 rns's...watch out for the big trades...100k went through this morning...well done to management here imo:-)

[pj 1] 13/7/2018 08:23

HUGOTHESECOND
13 Jul '18 - 08:19 - 10923 of 10923
0 0 0
I would expect a Monday morning announcement at the earliest
===============================================================================

LOL- And todays ''statement of the Bleedin' Obvious'' goes to...….?????

[hugothesecond] 13/7/2018 08:19

I would expect a Monday morning announcement at the earliest.

[wi1l] 13/7/2018 08:17

Everythings crossed Scotty!

[scotty1] 13/7/2018 08:09

Yep wi could be near by now,but won't hold my breath 😁