Minoan Share Discussion Threads

[hugothesecond] 26/10/2021 16:31

World Travel Market next week in London promoting Greece for 2022 and beyond. Could be perfect timing to make announcement of dev law approval and stimulate strong interest in new partnerships. Strong delegation from Greece will be attending to build upon the strong recovery of tourism to the country this summer.

[waterloo01] 26/10/2021 15:30

Dev law should be before parliament Monday/Tuesday apparently. DAGG aside, then news flow can start! Selling at under .9p! nuts IMO.

[atlantic57] 26/10/2021 14:11

ok let us paint a bullish picture for min given where we are today.

a) Gilbert Converts a portion of his loan at a sensible price which shows that Dagg are genuinely interested in all shareholders.

b) Followers of Gilbert then pile into min sending the share price sharply higher.

c) Before Christmas the law is passed with regards to 99 year lease

d) The saudis offer to buy the whole site at a realistic price

[nick2412] 26/10/2021 13:55

I won't pretend (for many and obvious reasons) that I would prefer anyone but a Saudi linked takeover of MIn's assets. But it's clear from the Newcastle United takeover the regime hierarchy like 'trophy' assets. 'Trophy' is probably the wrong word for Newcastle!

I suspect a luxury development project in an idyllic location with a Saudi friendly Govt is something that would appeal and fits into their category list of sought after investments.

I believe former notifiable holder, Mdvorkin, used to regularly highlight Saudi interest. No idea how accurate that was then but it would make sense and, given the favourable Greek political climate to overseas investments, now more so than before.

[wi1l] 26/10/2021 07:46

Greek PM to visit Saudi Arabia and meet US Special Envoy for Climate John Kerry



The two-day official visit of Prime Minister, Kyriakos Mitsotakis, on Monday and Tuesday, to Saudi Arabia is expected to be of great economic and geopolitical importance, ANA reports.

[rafboy] 25/10/2021 14:52

I have more faith here that something will happen soon. At some point the Development Law will pass, with that a deal becomes more likely. It may not all happen within weeks but I do think it is in many people’s interests for a deal to complete. We shall see🤞🤞;

[fozdad] 25/10/2021 14:23

I've had two relatively minor investments fail on me in the last three months, I'm hoping this won't be a third because it isn't as minor an investment! Has anyone actually seen any evidence EVER that CE has made any progress towards a deal with anyone?

All I can see is years of empty promises, obfuscation and references to mystery partners. I've waited so long now for some signs of progress that I daren't sell out for fear of missing out if something actually happens, after all, the potential is there for all to see.

I assume many others are in a similar position, but as Rafboy knows only too well from our shared past, waiting for the promised land can easily lead to a journey to oblivion.

[atlantic57] 25/10/2021 13:52

Well I am sure it will happen one day but how many shares will be in issue by then.
With no deals signed this side of Christmas , possible debt for equity swap and no doubt the usual issuing more shares to meet " certain liabilities"

There are endless future events that can keep Miinoan in this endless cycle of going no where.

[rafboy] 25/10/2021 13:39

Thanks Waterloo, one day it will happen😀

[waterloo01] 25/10/2021 13:20

I'm still trying to confirm if this is or isn't our bill, however because of the death of a President of one of the parties, the Parliament is shutting for the week anyway!

Greece!!!

Parliament has been suspended until the end of the week to mark the death of Fofi Gennimata, the leader of Greece’s third biggest party, on Monday. It is the “smallest tribute” the House can pay to the president of center-left Movement for Change (KINAL), parliament speaker Konstantinos Tassoulas said.

[clocktower] 25/10/2021 09:36

LOL diacaprice - at least their new owners will be able to afford to put food in their mouths, whereas if this continues in this vain, you`ll be the beggar.

[daicaprice] 24/10/2021 23:21

It all looked Greek to me, I sold the wife ,two kids, 3 cars and my body on the corner of Wind St tonight to have a little top up first thing, I’m distraught.
Nite all.

DC

[rafboy] 24/10/2021 20:45

You got us going there LOL.

[waterloo01] 24/10/2021 16:03

Ok false alarm. I've been informed this isn't the one we are waiting for. It's next up and hopefully will appear shortly. Sure looks like the Dev law?

[daicaprice] 24/10/2021 11:29

That looks like the kick start we’ve been waiting for, thanks for posting waterloo.

DC

[rafboy] 24/10/2021 11:16

Thanks Waterloo, I can see a few adding on Monday and a few nerves soothed.

[waterloo01] 24/10/2021 10:02

Finally the Dev law. Bring it on!! Should be on the statute books by end of the week.

AGENDA OF THE PLENARY SESSION


MEETING NOW
Monday 25 October 2021
Time 13: 00΄

LAW PLAN

DEVELOPMENT AND INVESTMENT

Only debate and vote on the principle, the articles and the whole of the draft law: other provisions of the Ministry of Development and Investment ".
RAPPORTEURS : Efstratios (Stratos) Simopoulos and Stavros Arachovitis.

Note : The Conference of Presidents decided at its meeting of 22 let's October 2021 discussion of the bill in one (1) meeting.

[wi1l] 24/10/2021 09:50

FWIW Simply Wall Street have up-dated listing of top 25 shareholders as at 1st October 2021.

They have included Nominee shareholdings:

STRAIGHT IN at 4.06% is Canaccord Genuity Wealth (international)limited with 24,490,645 shares

and strangely abrdn plc with a holding of 5,365,859 shares (0.89%)(wonder who that relates to?!)

Nominees increasing since 1st April 2021:

Hargreaves Lansdown UP 43.71% to 59,337,046 shares

AJ Bell Holdings, Asset Mgmt arm UP 31.02% to 30,935,621 shares

Barclays Bank plc, W & I mgmt div UP 20.01% to 24,182,899 shares

IG Group Holdings plc, Asset Mgmt arm UP 45.03% to 10,717,038 shares

Thomas Grant & Co, Asset mgmt arm UP 63.92% to 16,887,338 shares

Only ones decreasing slightly is Jarvis Securities, asset mgmt arm, down 29.9% to 11,833,851 shares and Nomura Holdings inc,securities & investment arm (?Nico115) down 30.27% to 5,344,156 shares.

In the main then Private Investors have been adding in shed-loads over the past six months and tucking them away until the long awaited news on the project arrives.

[atlantic57] 23/10/2021 13:52

Rafboy I sincerely hope you are correct.

At the point the draft law was passed I was feeling very optimistic.
However Procrastination appears to be the norm in Greece.

This note was taken form elderado gold September 2019

Path Forward in Greece

Eldorado is working with the Greek government to achieve the necessary conditions required to restart full construction at the Skouries Project. These include a stable regulatory framework and assurances that provide appropriate foreign direct investor protection and dispute resolution as well as regulatory approval for subsequent permits and technical studies.

The Ministry and the Company are collaborating on a mutually acceptable path forward to build safe, modern, world-class operations in Greece, including approval to implement dry stack tailings at Skouries. This best-available technology would reduce the project’s environmental footprint by approximately 40% and decrease the site’s water consumption.

George Burns, President and CEO of Eldorado Gold said, “We are very pleased with the receipt of these long-awaited permits, which enable us to protect our existing investment. We are greatly encouraged with the engagement we’ve had to date with the Greek State and look forward to working constructively with the relevant Ministries. We believe the Skouries project offers significant value for our investors and benefits to the local communities and the Greek economy, while adhering to the highest environmental standards.”



This is a link from October 2021

[rafboy] 23/10/2021 13:35

It is their interests to pass it. Let’s see what happens over the coming weeks.

[atlantic57] 23/10/2021 13:07

epresents a momentous consolidation of the support of Government and the other authorities in the land
enables our absolute focus now on the implementation and achievement of the Project
Provides the framework for maximising and delivering value.


That was more than 3 years ago when the share price was around 10p

Since then zero progress delivered and the the share price decimated by 90%

Maybe they should post that on the website.

Joking apart If Greek Parliament does not approve this change of law this side of Christmas then what ?

[wi1l] 23/10/2021 11:15

Goodness has it really come to that or merely someone up to mischief??

The web site reveals the extent of the opportunity:

The approval of the project:

*Represents a momentous consolidation of the support of Government and the other authorities in the land

*Enables our absolute focus now on the implementation and achievement of the Project

*Provides the framework for maximising and delivering value.

Minoan's and the Foundation's vision - a unique asset:

*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.

[clocktower] 22/10/2021 16:32

Catching falling knives is a dangerous business, could it be taken off market as the price is below what might be needed to raise further funds - then what?

[atlantic57] 22/10/2021 16:23

Probably November 6😀

[waterloo01] 22/10/2021 15:54

lol. January 6th