Minoan Share Discussion Threads

[yorgi] 07/6/2019 17:09

Thanks for that report Waterloo 🙂

[atlantic57] 07/6/2019 17:08

Waterloo the shape and value of any deal are of course key markers in the sand.
We shall see but I agree with Yorgi if they are unable to make announcements we have Not seen the low.I believe some paid 3 p in the recent placing a huge premium to the current price.

[waterloo01] 07/6/2019 17:02

Managed a very brief catch up with CE today. He's certainly busy at the moment in Athens with a number of meetings and things do seem to be progressing on the partner front. Signing off a deal will hopefully follow and get a distinct sense it's being negotiated currently. What shape this will be and what value it attributes to the whole will be more than academic questions.

[yorgi] 07/6/2019 16:51

Sadly not much progress in the share price today and little sign that anything imminent. Hopefully we have seen the bottom but unless something positive is achieved by the BOD very soon then it may well not be. We will see.

[yorgi] 07/6/2019 13:46

The 136k buy pushed the offer price up sharply so will we see more such buys and at last some positive news to give shareholders something to smile about at last.

[microscope] 07/6/2019 13:43

Is it Friday already? :)

[daicaprice] 07/6/2019 13:33

Fingers crossed.

DC

[wi1l] 07/6/2019 13:32

Very true atlanric.however something might be brewing possibly. The stalemate on buying anything continues but you can sell loads. Might be a change on the way?

[yorgi] 07/6/2019 13:27

Looking better now Will 🙂

[atlantic57] 07/6/2019 11:37

Christopher aspires to obtain 100 million euros for the asset.The enterprise value of Minoan debt plus equity is around 20 million pounds.

This is a very substantial difference !

However 2 years since getting the appeals kicked out by the Greeks courts.Minoan have not received a single offer for either the full site or part of it.

There have been endless communications from the board that they are in talks, we are never told what happened to the parties who were in talks.

As we have seen with the Brexit negotiations the most important skill is the competence of the negotiating team.

Brexit appears to be reaching a timeline when the talking must stop.

For Minoan the repayment of the Zachary loan is a similar event. So I guess we have got 1 year left.

I spoke to Christopher at the egm on 8 October 2018 when my take from him that matters would be concluded by February 2018.


Yes we must look to the future but there is not unlimited amounts of time to conclude matters.Nor can there be endless placings .....

[yorgi] 07/6/2019 11:32

So another tick up coming I would guess. In the end as we all know something of substance from the BOD is required before we will see any significant rise. Assuming they have secured something.

[wi1l] 07/6/2019 11:29

Can't even buy 5K now!!

[yorgi] 07/6/2019 11:28

There we go Will 🙂

[wi1l] 07/6/2019 11:17

No sign of that yet,Yorgi but we prob won't have to wait too long.

[yorgi] 07/6/2019 11:08

Unless of course someone appears wanting to sell another 100k of course.

[yorgi] 07/6/2019 11:07

If you can’t buy more than 5k’s worth Will then I would say almost certainly yes.

[wi1l] 07/6/2019 11:05

Strangely enough you can't buy more than 5K at the moment, price going up??

[yorgi] 06/6/2019 18:26

I hadn’t thought of that one Andy but another possibility 🙂

[uncle andy] 06/6/2019 17:43

Or hell frezzing over?

[yorgi] 06/6/2019 16:11

Can’t help wondering which will come first, Brexit or a signed deal on the completion of some form of deal on CS !

[atlantic57] 06/6/2019 13:24

I have averaged down over the years but each time the share price has fallen.

Now need 10 p to break even

[daicaprice] 05/6/2019 15:32

I’ve averaged down over the years, hence £15k in here by now.

DC

[uncle andy] 05/6/2019 13:47

Lucky you!! I need 7p to break even.

[daicaprice] 05/6/2019 12:34

I currently need a 62% premium to get back to B/E on a £15k investment, I’m happy to hold until a deal is done.

DC

[yorgi] 05/6/2019 08:00

Yesterday’s sells did not precede some bad news dropping this morning so we will see if there are more who’s patience have worn out with waiting for any progress after all this time. Quite understandably.

Or will we see some buyers taking advantage of this all time low.