Minoan Share Discussion Threads

[pj 1] 13/9/2018 18:39

I don't think Crete will be as far advanced as we hope. Do we know that they are actually in negotiations?

Maybe Zachary will get T&L out the way, then launch a hostile bid. 10p should do it, PI'S desperate for an end to the fiasco. Zachary can then maximise Crete for their own benefit.

[wi1l] 13/9/2018 17:55

The CS development has been completely overshadowed by the T&L sale(s) therefore if you value it on what we have heard as progress over the past nine months it equates to ds. The market values the T&L business to be worth upwards of or at the most £6M-£7M which leaves about £6M for the CS project. That's what the market has for it after factoring in the negatives.
The Align Research still makes compelling reading even though it was paid for by the company and as that is the case it has presumably included the figures that the company has provided. Min has a number of current/retired chartered accountants so their figures should be relevant and dare I say it accurate. The align research comes up (I think) with a figure of about £50M which includes the cashing in of the warrants.

There is an argument for both £50M or just £6M, also the part imbetween and the bit above stretching as far as the eye can see but at the end of the day its only worth what someone is prepared to pay. The updates recently don't even mention the CS project. Not a jot of information just silence. Again, you can take that a number of ways, silence suggesting nothing is going on stretching to silence because the negotiations are at a crucial confidential state.

Even the market has stalled, no one buying nor selling. Min is at a series of cross-roads where each direction they take appears to be crucial.

And what affect will Zachary's involvement be if they take up the warrants and then own 20% as the highest shareholder, and are they able to influence the direction that the company will take? At least when it eventually comes to actually developing the CS site they may well be very useful.

[dazah] 13/9/2018 13:08

Indeed we hope. For me this is a binary bet...heads or tails? ;)

[atlantic57] 13/9/2018 13:05

Min messed up two potential travel sales
The suitor is in the driving seat now
Cs is effectively valued at close to
Zero.

For now value looks compelling
But as more time goes by that will change.

[dazah] 13/9/2018 12:47

And let's address this market size. I only have L1 and not L2 but people say Mms will take x-thousand at 4.9p and there's only sniffs at 5.5pence.

Okay reminds me also if IMM look back at Twitter on IMM and there were huge constant proclamations of the mm's will take a million at 19p and then nothing at 21p (share price was 19.8p at the time). So what happened?

Well an RNS came out and the share price bombed. My point is that the market makers don't also know the content of any upcoming RNS so everyone is as clueless as others. So use your own research and intuition.

[dazah] 13/9/2018 12:39

Atlantic yes sometimes taking a 20% hit is painful but you have to take it in the wider context that some you lose and some you win. I did also take a "punt" on imm but as soon as it fell to 18 i sold out whilst twitter were preaching the boom time constantly. So I could buy back in now but have decided that imm is just way too speculative for me after taking a 20% hit. I will look out for news and then maybe I'll "miss" out on a rise but at the end of the day I have my sanity. Always looking for that sure shot which I thought at the beginning of Aug MIN was but nearly two months on risks have increased in my mind but I can still get out with less than 20% but that would be a choice. Yes yes we don't need to restate the Min investment case. For me risks increasing hence why market is very sceptical but who knows this could be that 25p star but I doubt it with Zachary firmly in control and T&L buyers walked away after 6 months. Maybe there is a blockbuster deal but with the multiple suiters walked away we must conceed options are fewer. Just my take.

[scotty1] 13/9/2018 11:58

A "bold prediction"atlantic to be honest i was being a little conservative this time around,i expect share price action to the upside well before then ;))

[atlantic57] 13/9/2018 10:41

That is a Bold prediction ,I was going
To suggest we rename the thread.

Minoan time for inaction😊

[scotty1] 13/9/2018 10:01

atlantic i would definitely say you'll be well in profit before THIS year end ;))

[atlantic57] 13/9/2018 09:36

Me to Scotty but which year :))

Dazah 20% rule is one that would have
Saved me a lot of capital loss

However some tipping sites use this rule
Then re tip and it falls again

I was in gold stocks in 08 when the plunged but they came back

[scotty1] 13/9/2018 09:29

atlantic i'm sure you'll still end up making a profit ;)

[pj 1] 13/9/2018 09:27

what do you mean by 'pairing' down? I not aware anyone from share price has referenced this

[dazah] 13/9/2018 09:24

Sorry to hear that Atlantic. Well I have a rule that if I'm down 20% no matter what I pull my money out as I got quite burned when ROK went bust years ago I was determined they were okay but no. Of course no investment is the same they all carry different risks but my 20% loss rule has stood all time and has helped me to preserve capital as I tend to put quite a bit in so a lot to win or lose!

[atlantic57] 13/9/2018 09:18

Sadly my average is 10 so I cling to
Titanic Minoan...

[dazah] 13/9/2018 09:17

Markets also seem a bit edgy too at the moment so looking to also pair down on equities but that's just me!! I think Tom or someone from shareprofs said they were pairing down...but interesting times both here at Minoan and the markets

[dazah] 13/9/2018 09:14

These are pocket change trades driven by the Twitter crowd (so far) and the share price is only back at where it was a week ago. I suspect the action will be same as previous weeks in that there will be a build up to Friday and a reasonable drop on the Monday should there be no news. Rinse and repeat whilst everyone adds mountains of conjecture. I will look to pair down a little next week so there's an opportunity. And those that stay will have a little more opportunity as for me as I have said the longer this goes on I am prepared to take a little loss over my 5.3p average just for my mental well being! Good luck though everyone.

[atlantic57] 13/9/2018 09:09

I live in the hope that once travel is sold cs deal is announced.

However Trump v China and Trump v Jerome
Powell may overtake us if this drags on

[wi1l] 13/9/2018 08:35

Looking to buy 300K still. They will pop their heads up for the seller to wake up and soon drop down again. Any buying today though might make quite a difference, whilst we wait...……;…….

[hugothesecond] 13/9/2018 08:31

Continuing the trend of yesterday - after initial purchase of 5k you can only now buy 1.5k at 5.2 but can sell 300k at 5.

[scotty1] 13/9/2018 08:22

MMs still short on stock by the look of things,upping the bid on a 5k buy ;))

[justjill] 12/9/2018 16:59

Agree PJ. These things should be linked to real achievement, not just a sense of entitlement. Especially when shareholders see their investment values disappearing down the plug hole.

[pj 1] 12/9/2018 16:32

The Remuneration committee should have lapsed their options as they failed to earn them, not roll them over as they did. That's a disgrace in itself. Whats the point of setting them in the first place, they didn't incentivise anything that happened, which is their purpose. Maybe the chairman agreed to halve his remuneration in the future if the committee rolled them over. Who knows?

[wi1l] 12/9/2018 16:32

The rns does refer to making an announcement as soon as the HofT are agreed or that's my understanding of it anyway. "Subject to agreement" though, mmmm. "Subject to agreement, the Board expects to make an announcement immediately the final terms are agreed." Subject to agreement (!) and expects (!) gives them a Minoan amount of wriggle-room I must say.

[pj 1] 12/9/2018 16:29

The last RNS was almost a total waste of time, except imo, we know Zachary have stepped in as probably other purchasers ran away. Is that a positive or not, im not sure.


Oh yeah, the Chairman has been forced to halve his remuneration.

[justjill] 12/9/2018 16:26

I think Hugo is right. Announcement will come in 2nd week in Sept. I'm just not sure which year that 2nd week in Sept will be! :)