Minoan Share Discussion Threads

[clocktower] 17/3/2022 15:14

At least there is plenty of support, brave or very knowledgeable DC.

You must almost be a 3% holder I guess.

[atlantic57] 17/3/2022 14:43

This was announced on the 21 April 2021.


Further, as shareholders are aware from the updates already provided, discussions with The Public Welfare Ecclesiastical Foundation Panagia Akrotiriani regarding desirable adjustments to its contract and long lease are in progress.
Once these have been agreed we will accelerate commercial discussions with new and existing parties and bring them to conclusion.


I would suggest that bringing in a Greek Director is the boards final attempt to conclude a deal with adjustments to the contract.

[daicaprice] 17/3/2022 13:41

They are never ending, cheaper again now if anyone fancies some.

DC

[daicaprice] 17/3/2022 13:20

Call me mad but I’ll take 500k off their hands @.966p

DC

[terminator101] 17/3/2022 11:51

Market not convinced by all the waffle huh. Target price 0.5p here for this non revenue generating fluff.

[clocktower] 17/3/2022 09:27

Taking them up under 1p, only seems to attract more sellers, as this is the first time that I have held a considerable number, like most here I guess we have all had our fill but are ready with the buy button as soon as we get more positive news that is likely to drive the share price rapidly upwards and become a multi-bagger quickly.

Its going to take another £10/15k without further sellers to get to towards 1.05p imo.

[daicaprice] 17/3/2022 09:06

Offer back under 1p if anyone fancies any.

DC

[clocktower] 17/3/2022 09:04

However, it seems the sellers are still in charge and on every uptick, the seller/sellers return - many millions have now been traded at around 90/1.05 over the past few weeks and still no direction or news to support either buyers or sellers in truth.

[atlantic57] 17/3/2022 08:13

Dc there are many in that club including me😀

[daicaprice] 17/3/2022 08:00

Yes and thanks atlantic, getting a little impatient in my old age.

DC

[atlantic57] 17/3/2022 07:21

Dc the people in the know are the board of directors and they will have to communicate with us in the next few weeks,then we will brought up to date on where we are.


There is no dispute that Conditions in Greece are as good as they could be for a company in this sector.

[wi1l] 17/3/2022 07:07

Here's hoping CS project got a mention.

Greece Fortifies Tourism Ties with Saudi Arabia



Greece and Saudi Arabia agreed to work on further strengthening ties through mutual tourism initiatives, said Deputy Tourism Minister Sofia Zacharaki, who was part of the Greek delegation participating in the Saudi-Greek Investment Forum held in Riyadh.

“A new era in the relations between the two countries begins. Greece and Saudi Arabia are already cooperating very closely on all levels and from our contacts here it has emerged that tourism is the absolute priority for both countries,” said Zacharaki.

[daicaprice] 16/3/2022 23:26

The silence is golden from the better informed than I, buying stopped. I take it we have a 1p placing coming then?

DC

[daicaprice] 16/3/2022 19:11

Back to drifting downwards again I see, anyone got a reasonable expectation of the next news?
I’d been thinking by the end of 1st Q ‘22 after the face to face meetings with Greek partners earlier this year but no sign of anything volume wise apart from dip buying.
As the old AIM saying goes “happy to top up at bargain prices” when I can.

DC

[daicaprice] 16/3/2022 09:39

I particularly like the last statement, “as we progress the project, particularly with all our Greek partners”

Just a reminder of our new Board member and what he brings to the table.


Minoan is pleased to announce the appointment of Mr George Mergos as a director to the Boards of both the Company and its subsidiary Loyalward Limited.

George is Professor Emeritus, Division of Development and International Economics, Department of Economics, National and Kapodistrian University of Athens.

He is a Board member of the Foundation of Economic and Industrial Research (IOBE), a private, non-profit, public-benefit research organisation.

Since May 2017 he has been a director, and from June 2021 Vice Chairman, of Terna Energy SA, a renewable energy company listed on the Athens Stock Exchange. Since November 2014 he has been a director of Piraeus Real Estate SA, the real estate arm of Piraeus Bank and of PICAR SA, a real estate company owned by Piraeus Bank.

George, aged 73, is a senior academic with extensive management experience at the highest levels in the public and the private sector. He has served as Secretary General of the Ministry of Finance, Secretary General of the Ministry of Economy, Governor of IKA, and as a member of the Boards of the Hellenic Financial Stability Fund, the Public Power Corporation and the Council of Europe Pension Reserve Fund. He is an expert on economic development, project and programme evaluation and has consulted extensively with organisations which included the World Bank, OECD and the European Commission.

George has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 to the AIM Rules.

George Mergos said: "I have been aware of Minoan's Project in Crete (the "Project") for some time and of its strategic importance in terms of tourism in Crete and the country as a whole. I am delighted to be able play a role in helping the Company to create value for all stakeholders by achieving its vision for the Project."

Christopher Egleton, Chairman of Minoan, said: "I look forward to working with George and am sure that he will bring to the Company his insight and experience, which will be invaluable as we progress the Project, particularly with all our Greek partners."

DC

[daicaprice] 16/3/2022 09:26

You’d expect TUI to be looking for more beds, especially at the top end of the market with short transfer times from the airport.



DC

[terminator101] 15/3/2022 22:23

Just how is this non revenue generating pile of underperforming poo worth a market cap of £6 million? Oh dear seems some very delusional people around. Soon be time for yet another placing as that cash position is looking pretty tight huh.

[daicaprice] 15/3/2022 12:20

I see our seller was not far behind and will give them a few back to hopefully fuel the rise.

DC

[boliviana] 15/3/2022 12:19

I tried as low as £100 worth Nobby and nothing.

[nobbygnome] 15/3/2022 12:16

I can get a quote for 5k at 1.05 and that's it. I expect we will see a big delayed buy later

[boliviana] 15/3/2022 12:14

I’ll have a check Nobby. Someone managed to get 25K.

[boliviana] 15/3/2022 12:11

Shrewd buying this morning under 1p.

[nobbygnome] 15/3/2022 12:08

I can't get a quote to buy any now after the bid moved. Is that the same for everyone?

[clocktower] 15/3/2022 12:07

Its also a very sound place to place your funds in at present imo.

[nobbygnome] 15/3/2022 11:37

Yes it all comes back to the massive difference between the NAV and the current market cap. Yes there is a long history of non delivery here but that difference of around £40 million is just ridiculous....