Minoan Share Discussion Threads

[rafboy] 31/8/2021 08:10

Certainly some interest this morning. Had to have a few more.

[microscope] 30/8/2021 22:11

Here it is, for academic interest, there were subsequent add-ons but all went quiet.

Note this was all a very long time ago!

[nobbygnome] 30/8/2021 17:28

I'm expecting a sharp rise tomorrow so I am planning to buy a few by spreadbet especially if I can get 1p. See you all at 8 o'clock sharp tomorrow morning!

[daicaprice] 30/8/2021 17:22

Agree waterloo, some great new articles found over the weekend guys.

DC

[waterloo01] 30/8/2021 16:39

Well it's being presented as a environmentally friendly project so solar/wind (and they have plenty of both) makes sense and profitably as they can sell on excess power.

There's enough non prime areas within the 26sq kms on the site to hide away a decent array!

All starting to come together IMO.

[microscope] 30/8/2021 16:11

Good to see a bit of positivity on the board. A bill enabling longer leases and 45 day planning procedures sounds encouraging indeed. Would surely encourage potential investors to look more positively in Minoan's direction

I'm not sure any of the the priority categories in the bill refer to us, but nevertheless hopefully will include other categories and we certainly seem to be a strategic investment.

Incidentally perhaps long-termers can remind me, wasn't there a Minoan investment in some sort of renewable energy project (solar power or some such?) many moons ago that we never heard any more about? I'm going back probably ten or more years ago....

,.......Just as long as Mr Gilbert isn't planning to turn us into a giant windfarm! I jest of course (though with Minoan that's always a risky thing to do!).

[waterloo01] 30/8/2021 15:45

Incentives provided for investments

The Ministry of Development and Investments has released for public consultation a draft bill that aims to encourage investment through a series of incentives.

The title of the bill is “Strategic Investments and Improvement of the Investment Climate through the Speeding up of Approval Procedures in Private and Strategic Investments.” There are seven categories of investments, depending on factors such as the size of the investment, the jobs it will create, the sector it concerns, whether it is environmentally friendly etc.

The incentives include a stable tax regime over 12 years, favorable site planning terms and an accelerated permit granting process, which cannot exceed 45 days.

Prioritized sectors include agribusiness, biotechnology, aerospace, artificial intelligence, medical tourism, robotics, cloud computing, waste management and research and innovation.

[waterloo01] 29/8/2021 08:07

A bill speeding up the process of private and strategic investments was posted for public consultation on Friday.

Titled "Strategic investments and improvement of the investment environment through acceleration of processes in private and strategic investments," it was signed by Development & Investments Minister Adonis Georgiadis and Alternate Minister Nikos Papathanassis.
It will be available for comment until 22:00 on September 9.

Its first of two parts combines the two basic investments laws (4608/2019 and 3894/2010) into one law, resolving the issue of their parallel and sometimes conflicting regulations.

Part B mproves provisions of law 4300/2016 on private sector investments and updates their status, and it allows more flexible options in types of activities for businesses. It also introduces improvements in evaluation and management of investments to implement them faster and improve their effectiveness.

Minister Georgiadis commented that the bill took several months in the making, and once it becomes law "will accelerate to a great degree the process of strategic investments, and make life easier for investors."

Alternate Minister Papathanassis termed the draft bill "the Bible of Strategic Investments", since an investor will find in it whatever he or she needs to table a proposal and see it become reality without obstructions and bureacracy.

[atlantic57] 28/8/2021 10:15

Based on this news I suspect there will be a game of poker / Russian roulette with the Foundation and Min.

The foundation have the opportunity to renegotiate the extremely attractive terms they secured for some other positive modifications for them.

However if they continue to be obstructive their negotiating hand is being weakened by the day and once the changes in law are enacted many of their cards will have gone.

[wi1l] 28/8/2021 08:16

And guess who has recently become a director of Flotation Energy PLC??

Flotation Energy is a leading developer and owner of offshore wind projects. We are determined to play a major role in the move to renewable energy. Our skill is to look at the world’s oceans and to find places where we can build new offshore wind projects. Our greatest expertise is our team’s ability to find and develop sites for floating projects in deeper waters.

Non other than M Gilbert!!

[waterloo01] 28/8/2021 07:26

Cheers Fin but can't ignore...

I suspect we'll also benefit from this in the same bill. Some might recall some talk of putting in a solar/wind power

Which RES investments can be considered "strategies"

Specific criteria must be met by investments in Renewable Energy Units ( RES ) in order to be characterized as "strategies" according to the draft law of the Ministry of Development and Investment, which is under public consultation until September 9.

In order to be included in the "strategic investment" regime and receive the relevant benefits, from licensing speed to tax, RES projects must involve innovative applications and technologies "that utilize energy technologies and applications to enhance electricity generation from RES, which have a budget of at least 50,000,000 euros and a common connection point to the National Electricity Transmission System.

In order for a RES project to be characterized as innovative, it must concern technologies of electricity storage systems, production of "green" hydrogen, installation of marine wind and floating photovoltaic parks, RES projects that connect areas of the Territory with the National Electricity Transmission System. Fully controlled power generation (power plants that use biomass or biogas, stations that utilize geothermal potential, solar thermal stations as well as High Efficiency Electricity and Heat Cogeneration Stations - SITHYA) and hybrid projects of electricity generated by RES.

RES projects with a budget of at least 100 million euros can also be included in the strategic investmentsand a common connection point to the National Electricity Transmission System. For RES projects, which receive the incentive for rapid licensing (…), the final connection offer is not granted as a priority over other applications. In order to verify "whether the project meets the criterion of the common connection point in the National Electricity Transmission System, the" Hellenic Investment and Foreign Trade Company SA " seeks the opinion of the competent administrator, either of the Independent Electricity Transmission Operator SA (IPTO SA) or of the Hellenic Electricity Distribution Network Operator SA. (HEDNO SA), who must respond within five (5) working days from the receipt of the request ".

A special regime applies to investments that are implemented entirely in areas that are part of the Territorial Plans for Fair Transition , ie the lignite areas of Western Macedonia and Megalopolis and Non-Interconnected Islands. They can be included in the strategic investments even if they have a lower budget than the limits set by the draft law under consultation since a depreciation rate of 25% is applied.

The draft law also provides that "if insurmountable legal or real obstacles are found in the process of licensing investment projects for energy production from RES, as well as the accompanying projects, which are part of an investment plan, which is included in the Strategies Investments may be installed in another, similar or similar area, subject to the relevant licensing provisions ". The modification of the investment plan is approved by a decision of the competent body of the Ministry of Development and Investment, at the request of the investment body in "Hellenic Investment and Foreign Trade SA", which forwards the request to the General Secretariat for Private Investment and Partnerships. and Private Sector.

[finster007] 27/8/2021 23:50

Waterloo - Give yourself the weekend off from researching, you have pulled out two absolute belters today here and that other one we are in! 👍

Expect you back on it 6.55am Tuesday though…..

[atlantic57] 27/8/2021 19:45

This looks the bottom the share price was around this level in January .

[daicaprice] 27/8/2021 19:37

All makes nice reading waterloo, was out for a couple of quiet ones so just catching up, at least we should have some things to look forward to in September.
I also think we have hit the bottom and a slight recovery starts next week.
Enjoy the sunshine, traffic and a good long weekend all.

DC

[waterloo01] 27/8/2021 17:20

I think we've seen the bottom that seems a minimum! There will be a line of stock I suspect at anything over 1.2p (the recent raise) but any II interest and those will quickly clear.

In terms of timing. The consultations finish 10th but I think it would be a good few weeks after that before it becomes law as it goes through final process, probably with a few adaptions post comments.

[nobbygnome] 27/8/2021 17:13

Looks extremely encouraging to me. I suspectbthere may be a rush for more shares by a number of people on Tuesday morning. Sounds like we will get an answer on the 10th September so really not long to wait in MIN terms!

[waterloo01] 27/8/2021 16:58

Funny that, tangible was the word that came to my mind as well. Timing is perfect. Law by mid/end Sept which should set some hares running and fits in with doing deals in the next months.

[wi1l] 27/8/2021 16:50

Excellent news, something tangible and exceptionally positive for the company and a huge benefit for the project.

What price Tuesday??

[waterloo01] 27/8/2021 16:32

Market maker shut up shop with a few buys. Does that suggest they don't have a line of stock currently?

[rafboy] 27/8/2021 16:14

Shall have a read over the bank holiday, thanks for posting.

[waterloo01] 27/8/2021 16:09

Basically the Government are pushing strategic investments by making it as attractive as possible for International and Greek investors. Stuff in there about fastracking the planning and approvals process amongst other things.

[rafboy] 27/8/2021 16:08

That would be excellent news.

[waterloo01] 27/8/2021 16:03

Don't want to say too much until the consultation is over in two weeks and it's actually law but this is hugely positive as it will ease the process and timelines for strategic investments, of which we are one.

Need to dig through it all but I think there is also an allowance to increase build by 20% in addition to making investment more attractive.

[rafboy] 27/8/2021 15:59

This has to be of benefit to us waterloo. Although, hearing something from the company would be good, can only assume negotiations still ongoing with the church.

[waterloo01] 27/8/2021 15:50

In consultation with the n / s for strategic investments and investment environment
From Newsroom At 16:27, 27 Aug 2021
Georgiadis: The Greek economy is recovering rapidly

The Draft Law "Strategic investments and improvement of the investment environment through the acceleration of processes in private and strategic investments" was put to public consultation on 26/8/2021 , by the Minister of Development & Investment , Mr. Adonis Georgiadis and the Deputy Minister of Development , Mr. Nikos Papathanasis .

According to the Ministry of Development and Investment, the specific Draft Law seeks to improve the investment environment in our country with arrangements that ensure the acceleration and flexibility of administrative procedures for private and strategic investments as well as legal certainty for candidates. through the creation of a single institutional framework regarding strategic investments.

The two parts of the bill
The Draft Law is divided into two main parts. Part A includes the consolidation of the provisions of the two main legislations on strategic investments to date, Law 4608/2019 and Law 3894/2010. By consolidating the provisions of the above two laws into a single legislative text, the necessary clarity of the legislative framework on strategic investments is ensured. Also, the parallel validity of the two above-mentioned legislations is removed, which in some cases, provided for different regulation on the same issues, causing confusion and legal uncertainty to the potential strategic investors.

The Second Partof the Draft Law refers to the private investments of Law 4399/2016 and includes improvement interventions in order to make the aid schemes of Law 4399/2016 more attractive. This is achieved through the introduction of a new processing scheme for industry support, the reform of major schemes and innovative aid, and the addition of new eligible activities. At the same time, substantial improvements are being made to investment evaluation and control processes in order to make them faster and more efficient. The bodies of origin of the members of the Evaluation Committees are expanded and more certified auditors are involved, who come from the private economy. In addition, A time limit is introduced for the completion of the evaluation of the investment plans to be included as well as for the completion of the certification control of their implementation. The introduction of the above time limits will significantly reduce the required time for evaluation and control of investment plans under the Development Law. Also, regulations are proposed, which ensure greater flexibility and speed in the implementation and completion of investment plans, and a special treatment of investment plans in demilitarized zones is introduced.

Ad. Georgiadis: The n / s will make the life of investors easier
The Minister of Development & Investment, Mr. Adonis Georgiadis stated:

"The Ministry of Development & Investment, after many months of organized work, presents in a public consultation the Draft Law which, when it becomes a State Law, will greatly accelerate the process of strategic investments and will make the life of investors easier. With steady steps we are moving towards the realization of our goal: to turn Greece into the most investment-friendly country ".

The Deputy Minister of Development & Investment Mr. Nikos Papathanasis made the following statement:

This bill is the "Book of Strategic Investments". In it, an investor will find exactly what he needs in order to proceed with the submission of his investment plan and see it implemented, without excessive delays, anchorages and bureaucratic obstacles. "This bill changes the way the state operates when it receives an investment plan."

The Ministry of Development & Investment invites all involved institutions, private, public and wider public sector, the object of activity and the purpose of which is related to private and strategic investments as well as the citizens to participate in this public consultation, expressing their views and comments on the proposed arrangements and awaiting the relevant suggestions.

The consultation will end on 9/9/2021 at 22:00.