Minoan Share Discussion Threads

[yorgi] 23/7/2020 20:41

If someone with deep pockets takes an interest Microscope then the challenges may be not as substantial as you suggest.

Clearly Martin Gilbert’s involvement adds “weight” to the company and he will undoubtably bring new contacts and interest to the project.

[microscope] 23/7/2020 14:50

Relief rally here was merited. Market hates uncertainty and they now have 12 months headroom to iron out the finances and secure partnerships. A 'name' investor also indicates renewed confidence in the Project.We shouldn't underestimate the substantial challenges that remain. Assuming partners, there are still years of building works, financing and planning permissions for the individual developments (yes I know they have irrevocable decrees, but eg still need to meet local approvals for the actual final designs).The new website is a vast improvement and the outlook better than previously - and while years of hard work remains to extract full value for shareholders, there is now at least some visibility ahead.

[hugothesecond] 23/7/2020 12:20

Martin Gilbert coming on board is a game changer - he comes on board in Sept after the AGM in August.
Me thinks he will take over from CE and drive forward the investment potential at pace.
There is good opportunity to triple any investment from here as a minimum.

[waterloo01] 23/7/2020 10:42

Building on that, the amount of land compared to the built footprint, means each villa could have significant land attached. The site plan in the project area clearly shows.

[yorgi] 23/7/2020 10:39

Agreed Nick, you make some very valid points.

[yorgi] 23/7/2020 10:24

For anyone who hasn’t had a good look around the new website it is well worth having a good look.

It is many times better than the old website giving a far better idea of just how beautiful the area of the site is and just how ridiculous the present companies valuation is.

[waterloo01] 23/7/2020 07:57

Cheers, over the last 12 months I've had some fantastic winners alongside SNG with GGP and GAN, both of which I sold too early, but was happy to bank profits.

Just shows, you've got to be in it to win it. MIN hopefully will complete the 'pack'

I'm significantly reassured by Gilbert involvement. He won't want to be associated with something that fails and brings not only contacts but more importantly credibility, and that will be vital in closing a good deal.

[yorgi] 23/7/2020 07:50

Send him an email Will or you could phone him I guess 🤔

[yorgi] 23/7/2020 07:49

Good call Waterloo 😊

[daicaprice] 23/7/2020 07:32

Well done on SNG waterloo, it’s nice when they do drop.

DC

[wi1l] 23/7/2020 07:13

Yacht of Sheikh of Qatar arrives in Greek island of Skiathos



The Sheikh of Qatar and former Prime Minister of the Emirate Hamad bin Jassim bin Jaber al-Thani has once again arrived in his beloved Skiathos to spend part of his holiday

Fancy popping over to NE Crete??

[pinkfoot2] 22/7/2020 21:19

I personally blame Yorgi for persuading a number of lost souls on here for following this disaster down to where it is today.He has been ramping it for years, whilst the share price slid to where it belongs.

There is hope-this newly formed LLP DAGG looks like it is there for one reason and one only-to drive some value out of it whilst getting the conceited clown CE under control.

I expect action very soon-it won’t be an enormous uplift but it does offer some hope.Im a buyer just because Gilbert has access to cash and lots of it so hold onto his shirt tails

[waterloo01] 22/7/2020 14:45

One day they will announce that a deal has been done and then we'll see the value. I'm lucky to have a large sum in SNG. I was waiting to 'derisk' before results, but the share price never went anywhere (large seller in the background). Results dropped and it went up 500%. It will be the same here.

I've retained a decent holding in SNG as there is a more to come.

[daicaprice] 22/7/2020 14:41

We all recognise it, just a shame the general market don’t seem to.

DC

[yorgi] 22/7/2020 14:31

All very true Waterloo and especially how undervalued MIN is compared to our "golden" asset.

[waterloo01] 22/7/2020 14:09

Showed the new website to the her indoors. Her 1st comment was 'have they talked to Club Med as it would be perfect for them'

Whether it's them (Chinese own Club Med) or a large hotel group, or a big resort developer or an investment group of retirees taking advantage of 7% tax, or HK refugees ($25ok investment brings a 'golden visa'), one way or another this is a huge site with 'endless sea views and numerous secluded coves.

It's worth a great deal more than a £6m market cap. If the market doesn't see it. so be it. I'll keep buying.



Largest private estate in the Eastern Mediterranean
Set in the Cavo Sidero 25 sq km Peninsula, with its 28kms of coast with numerous secluded coves and bays
In an area of outstanding natural beauty with spectacular views
Permitted build space of 108,000 sq m, plus allowances
Distinctive locations for hotels and resorts
Properties can include significant outside space
Project granted “Strategic investment” status by the Greek Government
With the benefit of an extremely flexible outline planning permission
Using less than 0.5% of the land for building
Endowed naturally with a history spanning the Minoan, Hellenistic, Venetian and Byzantine periods
30 minutes from Sitia international airport
Project supported by Municipality of Sitia and 28 unions & trade associations, in addition to the Church and Foundation
The current design teams include both International and Greek specialists.
Will contribute a significant number of jobs and economic benefits to the local area and Greece in terms of tourism and competitiveness.

[waterloo01] 22/7/2020 14:00

Jimmy Somerville had a similar effect on me......

[daicaprice] 22/7/2020 12:56

I think we’ve just seen the Somerville effect.

DC

[wi1l] 22/7/2020 11:38

Update from Nigel Somerville today is positive and upbeat. Hope he wont mind me quoting part of his update:

"who is behind DAGG LLP – and the answer includes Mr Martin James Gilbert - of Aberdeen Asset Management, where he was co-founder, and Standard Life where he was vice chairman. That looks like a serious player – hmm, much, much better".

"this deal is far better for Minoan’s long-suffering shareholders as the dilution has been heavily capped and the arrival of a big hitter behind the scenes will spark at least some interest".

[yorgi] 22/7/2020 11:30

Give it a rest Fireplace. Sell and move on your constant moaning is so boring.

[fireplace22] 22/7/2020 11:19

Potentially 22% further dilution yesterday at about 1.2p, legal fees for arranging loan transfer and all we get for it is the loan kicked down the road a bit. An expensive day at the races.

[yorgi] 22/7/2020 10:18

Agreed Waterloo. Of course there are some who just don't want the penny to drop.

Minoan is grossly undervalued in my opinion.

[waterloo01] 22/7/2020 10:05

The penny will drop at some point. New significant and heavy hitting investor, directors with lots of skin in the game, a value that's completely out of proportion to the site potential.

Look at the project pages on the website to get an idea of what's on offer, currently priced at the cost of one top end built villa.