Minoan Share Discussion Threads

[tim000] 05/2/2022 08:17

I wonder whether the FID will follow the WEF vision of the future (ie exclusive villas for WEF members, while we the plebs will own nothing, not be allowed foreign holidays due to climate change, but be happy anyway), or the alternative, populist one of hotels for the holidays of the hard-working proletariat? I suspect the former.

[wi1l] 05/2/2022 07:28

Georgiadis: Greece is the world champion in investments



« Champion of investment in the period from 4the quarter of 2019 to 4the quarter of 2021, Greece emerges, according to an analysis by the Institute of International Finance (IIF)," says The Minister of Development and Investments, Adonis Georgiadis.

"At this time, the rate of real growth of investments (gross fixed capital formation) approaches 20% in Greece, a performance that makes our country a world champion of investments and with a big difference from the second country, while in the eurozone there is a drop of 10%", notes Mr. Georgiadis.

"In this positive environment, we are accelerating even more our developmental step by promoting reforms, the most important being the new Development Law that we just voted in parliament the day before yesterday and we are activating in the coming weeks. Day by day we are putting into practice what we committed ourselves to in July 2019, to make Greece the most entrepreneurship and investment-friendly country on the planet and to provide the Greek people with the prosperity they deserve", concludes the Minister of Development.

[tim000] 05/2/2022 07:28

Agree! I’ve always fancied the idea of owning a plot of land which cost nothing but which, due to changed circumstances, suddenly becomes worth a fortune. CE must have had the same idea, I’m pursuing that goal through his foresight.

[wi1l] 05/2/2022 07:17

Greece is 3rd Most Desirable European Destination for Travel in 2022, Says Accor



A new study by Accor, a world leading hospitality group, reveals Greece as the third most desirable European destination in 2022 for people surveyed in five key tourism markets, namely the UK, The Netherlands, Germany, Poland and Russia.


Over the last year or so tourism-related conditions/ property values/ hotel values seem to do nothing but improve for projects like Cavo Sidero which to my mind means that the project has become considerably more desirable which obviously leads ultimately to an increased value.

[tim000] 05/2/2022 07:06

O/T. Came across CIZ via DC’s twitter feed. Looks interesting, bought a few! Usually right to buy when an institutional holder is selling out and depressing the share price way below fair value - AGL was the same. CIZ initially is going to China rather than the US, and is thus avoiding problems with the FDA.

[tim000] 05/2/2022 06:58

As was stated by others, everything has a price. I’m confident there are prospective investors in the project. I imagine the long delay has been a gap between the valuations of CE and the prospective partners (given issues now resolved by the Development Law). Hopefully that gap has now closed to a point where it can be negotiated away. If this view is correct, an interesting question is whether DAGG now wants to close deals, or (along with CE) hold out for a higher valuation (and thus extend its loan). I think investors have to trust the management’s honesty and judgement, or move on if a deal doesn’t emerge imminently. I will hold on come what may.

[microscope] 04/2/2022 18:09

Haven't had much to say recently because there's little to add. The laws (thanks Waterloo) have passed and so therefore has the last excuse.Has he partners lined up as a result, because if not now, it suggests he never will have.80 or 99 years, personally never been convinced the difference is the game-changer but I do understand the argument that it weakens the Foundation's obvious resistance to anything ever happening (imho!).CE said almost a year ago he'd go ahead with or without their blessing. Now he has every advantage imaginable, but still we wait.As regards that piece of string, after 25 years the endgame has arrived.CE, speak this month, or forever hold your peace.

[clocktower] 04/2/2022 15:07

I guess current holders are feeling like war weary soldiers today:

[ny boy] 04/2/2022 14:24

A few desperate to get out, 1M @0.88. Yikes!

[nobbygnome] 04/2/2022 13:12

Just got the RSP prices and they are bidding up for 1.75 million and only 250k are slightly cheaper offered....

[nobbygnome] 04/2/2022 12:57

So someone just got shafted by the MMs paying above 1.08 with the offer at 1.05

[ny boy] 04/2/2022 12:50

MM’s are the only ones cleaning up here, making more money than the Company lol

[waterloo01] 04/2/2022 12:05

1% of shares traded. remarkable volume given the norm. Shows I hope what can happen on good news!

[hugothesecond] 04/2/2022 11:49

Back in at 1p.

[nobbygnome] 04/2/2022 11:46

It seems obvious to me it was a margin call. The RSP quotes are telling us it's an excellent time to buy now albeit you could have got a better price earlier.

NIAI

[waterloo01] 04/2/2022 11:30

Someone got done over. Margin call I suspect.

[nobbygnome] 04/2/2022 11:24

Very little offered on the RSP now so it seems they have cleared out those shares already......

[nobbygnome] 04/2/2022 10:53

And a million delayed buy at 1.1. Oh to be a MM...

[nobbygnome] 04/2/2022 10:47

Yes MMs making a killing here. It looks to me like we had a desperate margin call seller....

[daicaprice] 04/2/2022 10:42

Looks like they’ve all been hoovered up, just need the update now.

DC

[ny boy] 04/2/2022 09:52

Funny how ham ham appears and a whole wave of sellers appear, kid of death one could say?

The Company has no funds, can’t even afford to pay the loan extension fee, had to milk shareholders for it, shows how dire things are, still I’m sure they have enough to pay the boards wages.

[wi1l] 04/2/2022 09:36

Thats odd those trades have now disappeared..
Edit and reappeared as early morning sales

[waterloo01] 04/2/2022 09:21

We have a seller. Have they finished?

[daicaprice] 04/2/2022 09:10

They drastically cut sell limits early last week, make of that as you will but certainly a chunk of shares are coming from somewhere.

DC