Minoan Share Discussion Threads

[hugothesecond] 02/8/2018 10:39

No the lowest point over last few years was 4.25 - Looks like I am going to be able to buy again at that level - this is truly astonishing given that my original purchase was before the successful T/L investment, light years before CS approval, well in advance of the improvement in the property market and in the midst of the Greek bail out when anything Greek was hammered by the market. Looks like there is a constant seller of blocks of 50k / 100k which is eating into every move northwards.

[hugothesecond] 02/8/2018 10:39

No the lowest point over last few years was 4.25 - I managed to buy small number at that level.

[wi1l] 02/8/2018 10:37

Still all to play for microscope, however the market et al seem to think we are now drifting slowly, Minoan style, and rudderless last seen heading aimlessly but not quite hopelessly, towards the coast of Crete!

[waterloo01] 02/8/2018 10:37

Maybe they will get the raise away at closer to 5p?

[microscope] 02/8/2018 10:30

Was that an all time low this morning? i come back off a break and must admit I'm astounded to find the T+L sale has not completed? Wasn't it March when due diligence started? Will have a read through the announcements but meantime anyone fill me in briefly on what went wrong?

[wi1l] 02/8/2018 10:24

All aboard the Minoan Celeste, one way trip ever so slowly onto the rocks at Crete! FWIW mm's were looking to buy briefly up to 500K so a small thread of hope that we might be saved. But would YOU take a lifeboat from a mm??

[atlantic57] 01/8/2018 18:45

Just Jill I am using you as a physchiartist as I lie in a darkened room.
Yes there is a scenario where MIn sell travel and exchange contracts on min quickly
( which by Minoan time could be 8 to 16 weeks.

The point I am making is that all of the above information is in the public domain, yet the market clearly does not have any confidence in this scenario.

If the travel sale does not go through then within 4 weeks we will be at the mercy of
Our lender who can call the loan in or dictate whatever terms they believe are appropriate.

The market is focussing on this fact. So if you are confident that the board will pull it off then shares are incredibly cheap for a fast turnaround and Profit. On the other hand given Bod achievements in the last 12months you would have good reason to be concerned.

[pj 1] 01/8/2018 18:32

It seems blatantly obvious to me that the T&L sale has fallen through, hence little mention of it in HY, when it had previously had time scales put against it in previous RNS.
Confirmed imo by their refusal to answer scottys questions, so obviously something has changed or they would have just confirmed it without a second thought.

Shareholders seem quite content to accept the apathy though.

[waterloo01] 01/8/2018 18:32

Apart from the now obvious problem the initial buyer has in completing, if the total is short of the £7m (likely as stated by the BOD) then they also need to raise funds (£1m-£3m?) to be able to pay off the loan at the same time, as such they need something positive re Crete to be able to get that away.

One suspects major holders are now insiders to the raising. They need three things to happen at the same time. If they can't agree a deal re T&L then it's potentially curtains, remarkable as that seems, but the loan being moved in status to on demand has tied their hands IMO.

[atlantic57] 01/8/2018 17:03

Listen folks does not it strike you as odd
That we are apparently sitting on an asset
That is worth a multiple of the share price, yet we are touching new lows.

Clearly the market does not view this
With the same confidence that some on here
Do.

[colinzeal] 01/8/2018 15:48

Market pricing in their confidence in the BoD. Still it goes on...

[waterloo01] 01/8/2018 15:30

And into the 4's despite the serous pump/dump on twitter.

[optrade] 01/8/2018 09:57

that will be me then it was not aimed at you justjill.

[justjill] 01/8/2018 09:28

Thanks for the link Optrade. Think you'll actually find a few, longer term, shareholders on here than you. We're just so frustrated about BoD's ability to get their fingers out and their upfront presentation of actual situation.

However, most on here believe the company share price should be multiples higher than it is if Crete was full factored in....the BoD's credibility is the biggest drag on the share price Thankfully it appears some will be gone soon and new faces will be around the table, and hopefully with a better skill base.

What we need now is some enthusiastic buyers...for what is a huge opportunity.

[optrade] 01/8/2018 09:13

shareholders lol none on here all shorters nice right up today in the Herald boom time soon

[hugothesecond] 01/8/2018 09:10

interesting to see that both phone numbers for DW and WC are no longer included on the RNS - only emails for them plus CE. Obviously don't want to talk with anyone !

[waterloo01] 01/8/2018 08:54

Unfortunately I suspect it's been left too late to call an EGM to either remove CE or appoint an independent NED as unless they pull a rabbit out the hat, I expect that the loan will be called in shortly and administration will follow.

If that happens the Crete project will revert back to the church. What's the bet that within months the project will actually start, but not to MIN shareholders benefit.

Does Christopher or Bill care? Well probably yes as they wanted to retire in glory not abject failure (although the salaries they have accrued will be some comfort).

[colinzeal] 31/7/2018 19:58

My feelings on the Board have been made clear many times over the last year or so. I agree with what you're saying wholeheartedly. I'm just hoping for a spike upwards soon so I can close out and forget all about the opportunity cost I've wasted over the last couple of years. That hope alone is keeping me going!

[pj 1] 31/7/2018 19:37

The worst that can happen is that we find the whole damn thing is a fraud....

[pj 1] 31/7/2018 19:36

Come on Mr Dvorkin, what have you to lose? Im willing to take advice how to proceed....

[waterloo01] 31/7/2018 19:33

As directors can't vote on such issues it wouldn't take much. Mr Dvorkin up for ?

Edit: Colin, they have not delivered and are about to raise more cash at rock bottom prices and huge dilution with the promise of next year it will come together. You really willing to submit to that, especially as directors have little skin in the game and continue to draw huge salaries?

[colinzeal] 31/7/2018 19:27

I feel your pain but I'm going to remain positive for the next couple of weeks. We'll see if they can pull it off!

[pj 1] 31/7/2018 19:27

Why not do it? Who's up for calling a GM, we need 5%, one major shareholder does it...…