Minoan Share Discussion Threads

[wi1l] 14/10/2018 07:45

The tide has turned atlantic, and conditions are becoming more favourable.

Minoan as a company should benefit from the disposal of the T&L business, having the loan that was £8M more or less paid off and thereby having a clean slate to market/develop/dispose the Cavo Sidero project. The working capital needed is vastly reduced, even more so with some of the directors agreeing to be paid in shares/options.

Centre stage now becomes the CS development. The hard work has been completed over the past twenty years culminating in an unappealable PD for a site that has planning permission to build at five sites mainly coastal in NE Crete. The tourism industry alone is reaching new highs over there with tourist related assets such as hotels benefitting with much increased values and there is planning permission to build up to five new top of the range hotels - with four of them on sites right on the coast. Surely they could not be better placed.

Two of the main shareholders of Minoan, N Day and P Raby are also directors of Loyalward the company used by Minoan to run the CS development. They will obviously be protecting their own interests and in doing so will be looking for the best deal for all shareholders. MDVorkin another significant shareholder keeps a close and active interest.

And in the background the lender Zachary/Hillside who has warrants to take up at any time they choose where for an injection of £1.8M they will receive 17% of the company, which could be very valuable to them. The fact they have negotiated to keep the warrants albeit at a reduced rate when they had the company over a barrel suggests their further involvement is still wanted by both parties and still to come.

[atlantic57] 13/10/2018 20:24

Nick I continue to hold because I still
Hope that value will out.

[atlantic57] 13/10/2018 19:22

I would not discuss on a bb.
Also i have attempted in private messages
To communicate these points but people
Get hold of the wrong end of the stick.

If you have had enough it is time to sell
Up snd take the loss.

There is a possibility that we will
Make a profit or get our money back.

However this is not s risk free investment
With a certain outcome.

[waterloo01] 13/10/2018 19:07

Worthless because?

[atlantic57] 13/10/2018 19:03

The Management have not delivered and whether they can in the future remains to be seen.

Whether anybody else could have done
A better job is by no means certain.

Trying to do business in Greece is very
Complex and the company cannot comment
Publicly on many of the operational
Challenges they face .

If they discussed those issues in detail
They would be plastered all over a bb
And the shares would Be worth much less.

[acliff] 13/10/2018 17:36

well its much cheaper to buy the shares than do a deal for the land with them
I wish I didnt have any shares as this management team are totally useless

[wi1l] 13/10/2018 10:12

Yesterday saw the most buying for quite a while. Have a feeling it was in reaction to the drop the previous day but could it possibly be the start of an interested party building a stake, which could also make sense now that the T&L business is sold. Not expecting any deal on the CS development its too soon after the recent rns but hopefully momentum will build from here.

[head gardener] 12/10/2018 19:19

Pink, Egleton through greed,vanity and sheer stupidity has devalued the only asset Minoan has, for his well rewarded salary he has screwed us royally. Has it occurred to anyone that they have been unable to conclude deals for CS is that their creditors own the company.

[atlantic57] 12/10/2018 18:10

There is plenty of interest but time is not on the side of Minoan.
The world scene is extremely volatile so we will probably get one shot at getting a decent deal.

[pinkfoot2] 12/10/2018 18:02

SP goes up 25pc on volume by value of say £75k-call me old fashioned but isn’t the asset supposed to be worth 100m?

I’m just a realist and I don’t believe the strategy-the evidence is the market cap.

Nonetheless I applaud your optimism!

[head gardener] 12/10/2018 17:11

I'm a feeble minded twerp, news on the way, if only, but time is not on the side of CE, he will be compelled if no deals are forthcoming to sell Minoan, and it will not be a draw out affair, unless he funds the corporate costs, unlikely. Zarchary will want a good price for their warrants and any knockdown placing would not be in their interest. Also the Church authority must be dissatisfied with Minoan's non-delivery.

[wi1l] 12/10/2018 16:03

And to add - judging by the comments yesterday evening the deramping started in earnest then where the only result on the cards today was a total crash & burn!! But it just did the opposite all morning!

[wi1l] 12/10/2018 15:33

I disagree pinkfoot - Apart from the twitter mob there wasn't any ramping, certainly not on this bb. You can see there were virtually no comments all morning which was when the buying started in earnest (everyone else were holding their breath!)

[pinkfoot2] 12/10/2018 15:14

And so it begins again-some people just don’t get it.Ramp/deramp-what day is it?

[justjill] 12/10/2018 14:54

Wouldn't agree Head Gardener. Most of the trades are relatively small in value. The early 100ks probably were related to same person, but most other relatively small.

Friday's seemed to be MINs best days....but the gains have always evaporated too easily. Even the big surge the other day disappeared very quickly. Albeit today does look very good.

Big worry for us now is that if world money supply tightens, or markets start to look on prolonged slippery course, companies will hold off on investing in big capital projects like ours or won't be willing to pay full value.

[head gardener] 12/10/2018 14:25

There is some serious buying going on, which is not just a market rebound. Does news cometh.

[pj 1] 12/10/2018 14:13

hmmm lets see who's buying!

Anyway, please feel free for you all to DM me again, it has a marvellous effect on the share price.

[microscope] 12/10/2018 14:12

Anyone would think it was a Friday... :))

Good day for holders anyway, Zachary must be breathing a big sigh of relief too!

[wi1l] 12/10/2018 11:07

Buying shows there are some who consider these levels are far too low - positive reaction, good to see after yesterday.

[wi1l] 12/10/2018 07:30

Pj I don't enjoy the position we are in esp the share price but agree with Atlantic's last post and am giving it until the end of the year. From what I can gather from the RNS the interest in CS is from a number of parties and would want to see how they get on in the next few months rather than rock the boat at this late stage.

[microscope] 11/10/2018 22:03

Congrats on your first ever post on advfn Troajan :)

Not sure what PJ1's psychic powers are but forgive me for not being surprised he hasn't been in touch with you. M8.

[troajan1] 11/10/2018 21:23

PJ1 im a shareholder not got a message m8