Minoan Share Discussion Threads

[atlantic57] 28/12/2018 18:29

It is all speculation zero comment from
The bod.In the past I have been informed
That third parties had made offers.
However no announcements were ever made via an RNs so we must assume they were just rumours.

We need the bod to get this over the line
With a signed contract.

[arthur_lame_stocks] 28/12/2018 18:13

I could be wrong, but I thought Align's business model was to be paid in shares for their research, hence you're never going to get an opinion that is anything other than bullish.

[hugothesecond] 28/12/2018 18:09

Having read the poorly written Align report it does not give me any confidence whatsoever - poor English and grammar, it has been clearly written by a very junior member of their consulting team. Outdated tourism facts on Greece (they should be able to state 2018 figures), commentary that still talkes of selling the travel arm, no mention of the infrastructure required to connect to Sitia airport which is key to tourism arrivals at CS. Despite almost 2 years elapsing since approval it is now disappointing to see that a real estate professional has still not been appointed - a basic requirement to stimulate interest in what Align call a trophy development - more like Carabou cup than Champions League - hope Align receive minimal fees for a report that will do nothing to generate future shareholder value.

[wi1l] 28/12/2018 17:47

The previous align research in April 2018:

"With all this going on, there is likely to be healthy news flow developing over the medium
term, some of which will represent economic milestones where the value of the Crete
Project can be reassessed. We reiterate that the valuation that we have arrived at is a
current valuation. As the development plans become further advanced following
successfully agreements being reached with operating and financial partners, and on the
project moving into the construction phase with the true ultimate economic returns
becoming clearer, we will be able to reflect this increasing value by revisiting our valuation."

Has become:

"With all this going on, and bearing in mind the most recent comments in Dec 2018, specifically – “The Directors and management of the Group are progressing the Joint Venture and Partnership discussions in respect of the Company's project in Crete (the "Project") referred to in recent announcements...R21; we now anticipate an update on this in the first quarter of 2019. There is a multitude of potential scenarios that could play out from a part sale to wholesale exit and distribution thereof of the proceeds to shareholders through to an outright takeout."


Maybe a result of the recent phone call that align research made to CE.

[yorgi] 28/12/2018 17:08

In my mind based on various detailed reports the mismatch between the project valuation and market cap of MIN is still significant if not massive. Reasons all probably based on doubts as to whether CE and BOD can deliver the required partners/funding/investor to take the project forwards.

However if one takes a figure of just £20m that has been mentioned by some that makes the present SP/market cap a significant discount to the value of the project. So still a very decent upside. If on a more optimistic view we were looking near the top end valuation of £80m for the project the difference and room for upside is far greater.

Of course it is still dependent on CE and BOD delivering the necessary signed deals and money.

[pj 1] 28/12/2018 16:56

FWIW it seemed genuine buying today, with less idiotic and incorrect factual ramps on twitter. Much more promising.

[pj 1] 28/12/2018 16:55

FWIW it seemed genuine buying today, with less idiotic and incorrect factual ramps on twitter. Much more promising.

[yorgi] 28/12/2018 16:34

Decent end to the week, today’s rise I’m quite sure down to Align’s report released today. A mixed report, not perfect but it does show clearly what a prize asset we hold and how our present market cap is not a fair representation of the project’s value.

[yorgi] 28/12/2018 16:09

Another tick up.....possibly close the day on the high of the day !

[yorgi] 28/12/2018 16:08

The volume chart shows we are at the highest volume since the 18th of the month although still quite low.

[yorgi] 28/12/2018 16:06

Slight edge up into the close but without news of progress it does not look like we are about to see any significant rise no matter how undervalued some of us think MIN is.

[fireplace22] 28/12/2018 15:53

If this really is worth as much as suggested an MBO must be logical. If no one else can see the value here they surely must?

[pj 1] 28/12/2018 14:13

Very strange, the volume doesn't seem to support any auction? So I assume we must have quite a few late notifications of trades to come?

[wi1l] 28/12/2018 14:08

Suggests therefore that there isn't a clear one in this specific situation atlantic.

Strange gets stranger- an auction / price monitoring rns??

[atlantic57] 28/12/2018 13:57

Wi surely the relationship between market cap and valuation of the asset is a direct
One.

A would be purchaser is being told that
A prefessional valuation some years ago says 100 million Euro’s.

Yet the owner of the asset is valued at 6
Million.

[a2584728] 28/12/2018 13:25

Something's brewing

[scotty1] 28/12/2018 12:38

Yorgi i have actually only posted a couple of times since i sold and also was posting both negative and positive while holding dependant on what i had been told by various people and what rubbish the Bods put out in the RNS,anyway wish you all the best and hope it comes good.

[yorgi] 28/12/2018 11:52

MM’s don’t want to bid on 100k at the moment !

[yorgi] 28/12/2018 11:42

Scotty I was not posting on any BB throughout most of 2018 (a small handful)

Yes I do hold more MIN shares than I ever had, but never sold out. My reasons for not posting were several and totally unrelated to MIN.

So no comparison to posting positively when you have bought in to trade and posting negatively when you are out and by your own admission hoping to trade one last time. From the lowest point possible I would imagine.

[scotty1] 28/12/2018 11:33

Yorgi you were quick to say "I would guess your not holding MIN now" now i would say after all this time of not posting i would guess you have either bought back in or topped up at these lows 😜

[justjill] 28/12/2018 11:27

Peeps as always should be careful about rushing in. Has so often, partly driven by Twitter peeps these days....and then falls again.

Yorgi probably have bought in again recently, hence his new addiction for posting....

[yorgi] 28/12/2018 11:14

Clearly for any rise to be sustained and go even further, hopefully a lot further we do need an announcement sooner rather than later of any tangible news of progress in negotiations.

[hugothesecond] 28/12/2018 11:13

Now offering 2.7 for upto 500k ! Somebody wants the stock. I imagine that there is going to be an announcement on 31/12 re options and to set the scene for 2019 !

[yorgi] 28/12/2018 11:10

Onwards and upwards +21% ! 😊