Minoan Share Discussion Threads

[clocktower] 07/12/2021 12:10

NY B - I think they will get news out to drive it before going for a raise, so still a little more upside imo. Then the risk reward increases I guess.

[ny boy] 07/12/2021 12:00

Lol hardly, I has here trading in 2016/2017 during a couple of spikes, sold out last time above 11p, those were the good old days, took the wonga and ran to Ψηλορε^3;της

Now they survive on short term loans, so any ramp up now will be an opportunity to try and get a placing away at 1p max, it’s coming or they risk running out of cash to survive imo

If there would be anytime to buy it would be after/if they get a substantive placing away, not now before the placing 🤦🏻‍♀️

[wi1l] 07/12/2021 11:40

Clearly peeved his negative view ensured he missed out - shame.

[ny boy] 07/12/2021 11:03

Greek developer Reds has offered the highest bid for a sprawling former US military base on Crete at 40.2 million euros, privatization agency TAIPED said on Monday.

Four investors bid in October to acquire the 85-acre plot in Gournes, outside the city of Iraklio, and turn it into a seaside tourist resort with an entertainment park.

So only £475k an acre for a substantive beach front plot, big sites attract interest, the site here is tiny (0.5% build of land)in comparison hence little interest, if it was that good there would be queue of buyers or a rival would make a cash offer for the MIN!

Minoan have been spinning this one out for years, like flogging a dead horse, now so short of cash have to keep extending short term loans at high interest rates. Something doesn’t quite stack up here.🧐

Watch the cash call after this timely ramp up

[ny boy] 07/12/2021 10:48

Nice ramp up guys, shameless but someone has to before the placing to raise more desperate funds @ 1p, more dilution but certainly the gang will be cashing in, job well done though!

[gekks] 07/12/2021 10:12

What happened to Yorgi ?

[microscope] 07/12/2021 10:00

If CE comes up with a statement that the market can trust this week, could we see an assault on 2p? Big if, of course!

[atlantic57] 07/12/2021 09:45

Clocktower. this land was Professionally valued by Richard Ellis in 2011.

Based on market research and following consideration of this scenario, in our view the estimated development value of the land plot is likely to be in the order of €100 million. The value could naturally reach higher levels in case the land plot is more densely developed.



see.hxxps://minoangroup.com/downloads/Regulatory-Documents/AIMAdmissionDocument30Sep11.pdf

page 84

[clocktower] 07/12/2021 09:31

Question is, is part of the land to be valued at the sort of level one would pay for land in the Highlands or is it to be valued at a resort level without services.

For example, how much is 6,400 acres of land worth that is only good for sheep and deer?

Maybe a google map link could be posted of the parcel in question.

[rafboy] 07/12/2021 09:28

Yes and really just the start of a decent rerate once the next RNS arrives.

[nobbygnome] 07/12/2021 09:26

MMs under pressure here and reluctant to sell any. Looking very promising this morning.....

[the count] 07/12/2021 09:22

--->WI1L

I thought I might just do the conversion to put things in context.

I didn't realise just how many acres are in 1 sq mile.

So, 10 sq miles = 6,400 acres.

Not bad by comparison. :-)

TC!

[clocktower] 07/12/2021 09:20

Exciting start to the peak of the day.
Good Trading
CT.

[daicaprice] 07/12/2021 09:14

We need to keep finding a few sellers to fuel the rise, very little around at the moment.

DC

[aimdetective] 07/12/2021 09:12

Amazing last few days

[daicaprice] 07/12/2021 08:07

My buy on that find, thanks wi1l.

DC

[nobbygnome] 07/12/2021 07:34

The potential of MIN's site is massive and the current valuation is ridiculous.....assuming the development finally goes ahead. It does look likely at last....

[wi1l] 07/12/2021 07:23

Greek economy takes off 13.4% in Q3 on investments, tourism



The Greek economy showed explosive growth of 13.4% in the third quarter of 2021, according to provisional data released today by statistics service ELSTAT.


According to the figures, tourism gave a strong push to the Greek economy, after the deep 10% recession seen in the third quarter of 2020, as on an annual basis service exports jumped by 84.6%, while in general export activity was impressive, advancing 48.6% with the fixed capital investments showing an increase of 18.1% and consumption up by 7.3%.

[daicaprice] 07/12/2021 07:21

Nice find wi1l, that points us in the right direction, albeit a brownfield site with utilities already available etc but certainly sets the scene.

DC

[wi1l] 07/12/2021 07:13

Not bad - 40M Euros for a 85 acre plot.

How much for a 10 Square mile plot of land??

And where are the three disappointed developers going to end up???


Reds tables highest offer for Crete military base



Greek developer Reds has offered the highest bid for a sprawling former US military base on Crete at 40.2 million euros, privatization agency TAIPED said on Monday.

Four investors bid in October to acquire the 85-acre plot in Gournes, outside the city of Iraklio, and turn it into a seaside tourist resort with an entertainment park.

TAIPED, which is handling the sale, initially chose three of them and last month unsealed their offers.

[daicaprice] 06/12/2021 17:05

Nice blue day on what looks like nett sells of 670k if my assumptions of buys/sells is correct. I almost hit overall profit at the peak bid.
I promised myself I wasn’t going to but added 102k today.

DC

[wi1l] 06/12/2021 16:20

Soaking up these sells with ease.

[daicaprice] 06/12/2021 14:37

The 600k have been bought up and it looks like they are bidding 1.22p again.

DC

[rafboy] 06/12/2021 14:36

Sell at 1.22 so false price shown.