Minoan Share Discussion Threads

[wi1l] 12/9/2020 08:14

DAGG LLP

21 July 2020

Minoan Group Plc

("Minoan" or "the Company")

Reorganisation of funding arrangements, placing, update and General Meeting

The Board of Minoan is pleased to announce the successful reorganisation of its only secured borrowings (the "Existing Loan"), the cancellation of warrants and rights to future warrants and a small pre funded placing to provide further working capital.

Whilst the transaction is complicated and involves short term cost it will result in a significant reduction in the long term fully diluted capital for the benefit of all shareholders.

The refinancing is being undertaken by a group of existing shareholders in the Company through a special purpose vehicle DAGG LLP ("DAGG" or "New Lender"). As a result of agreements with the existing and new lenders, and subject to the approval of the shareholders at a General Meeting to be held on 6 August 2020, the terms of the loan, warrants, and the rights attached thereto will be as follows:

1. DAGG will effectively acquire the Existing Loan, amounting to circa GBP1.136m at today's date, from the existing lender ("Zachary");

[wi1l] 12/9/2020 08:04

Close by:

Crete’s Elounda Peninsula Hotel Sees Increase in August Turnover Despite Covid-19



The Elounda Peninsula All Suite Hotel, located on Crete, in August saw its turnover rise compared to the same month in 2019, despite the Covid-19 health crisis.

“The hotel’s overall performance is among the best of the last decade…With an average occupancy rate of 84 percent, Elounda Peninsula is perhaps the only hotel in Europe that has seen its revenues increase amid the pandemic,” the hotel’s management said in an announcement on Tuesday.

[wi1l] 11/9/2020 20:09

Thought that they were low on shares! Where did 2m plus materialise from?edit not complaining though! Must have taken a while to fill & also came out before the close of play.

[waterloo01] 11/9/2020 19:59

I don't recall anything for sometime anywhere near a £30k+ in a single trade. Following Gilbert?

[daicaprice] 11/9/2020 19:54

Worked buy without a doubt,fun begins from here on anything slightly positive news wise.

DC

[atlantic57] 11/9/2020 17:04

The market makers “appear “ to have a deliberate policy to keep the price down.

One Positive rns would make all the difference.

[waterloo01] 11/9/2020 16:39

2.37m buy at 1.3p, at least assume it's a buy, if it's a sell, then even better as share price went up

[waterloo01] 11/9/2020 15:20

Nice move up. Guess as we move through to the 2nd half September, we should hopefully get some sense of movement, progress even!

W1ll put some numbers up some weeks back (something like 250m euro potential profits with 50m euro ongoing yearly income when fully developed) and they do give a sense, along with the project as outlined on the website, of the scale of both potential profits and income that a partner will be looking over in calculating what it's worth to them and ipso facto, MIN shareholders.

[fozdad] 11/9/2020 12:53

Can't buy any amount worth buying!

[grannyboy] 11/9/2020 11:50

Share price looking perky.. Someone must have seen a sandcastle being built on a Crete beach and passed this exclusive on to the mm's in their euphoria at seeing some action ..

It is of course gratifying to see Yorgi still invested(trapped)in these, after all it was only supposed to be a short term trade five years ago.. 😫

[tomboyb] 11/9/2020 11:36

A lot of stock has been eaten up -

Only 15k left online at 1.277p -

Some good news from management who have been buying quite a lot of stock will certainly be helpful -

[wi1l] 11/9/2020 08:12

ditto still today and they've rigged the price to buy at 1.1947p which will show as a sell FWIW.

[wi1l] 10/9/2020 15:34

MM's reserves must be getting low, looking to replenish in quite large amounts.

[daicaprice] 10/9/2020 10:39

That seems to have soaked them up, no online quote with HL for £1k worth.

DC

[tomboyb] 10/9/2020 10:20

Not mucg left online -

A bit of positive news and Min could be around the 2p mark -

[daicaprice] 09/9/2020 00:06

Now we know where they came from,a worked 325k dumped showing after the bell.
We’ll have our day, week and finale very soon I feel.

DC

[daicaprice] 08/9/2020 13:26

Correction, there’s another 200k at least there now.

Next 60k buy should clear out all the last of the cheapies.

DC

[daicaprice] 08/9/2020 11:38

Talked myself into another 100k.

DC

[daicaprice] 08/9/2020 00:09

It’s totally ridiculous.

DC

[tomboyb] 07/9/2020 15:41

Last time I saw min was at 8p so who knows? -

[daicaprice] 07/9/2020 15:38

And then the big news tomboyb, “in discussions with interested parties” should get us over 2p for starters and then a first JV or part sale will do the rest and give us some sort of idea of total value.
Some say I’m cautious on valuation but I see 6p no problem and probably more.

DC

[tomboyb] 07/9/2020 15:05

Like to see this back 3-4p Daica -

[daicaprice] 07/9/2020 15:01

They’ve got between 300 & 350k available @1.244p but no quote over that online, any takers?

DC

[nico115] 07/9/2020 11:00

Good to see a rise this morning Obviously just a forced seller last week that wanted out and now calm has returned Hopefully a gentle rise to 1.5/2p before any update or news on our gem