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Yes I totally agree I’m afraid as you stated it is the Greek way hence why they ripped the EU off for over 20 years , the BOD they really know how to make a loan look good you could not make it up in the Real World hence 0.95p
It’s gone quiet on here at present what are the BOD doing apart from drawing salaries and telling everyone how the project is going ,decades on and still No Development ,what does that tell you ?
someone bought £205 worth of MIN today
LOL wasnt me
Knigel don’t you mean decades like plenty here have already !
I think the reason why sp is not responding is the history of the foundation and their inability to do anything quickly.For those who believe this time is different then the current/ share price offers an opportunity .
A derisked approach which presumably will require a much higher entry price is to wait until the foundation sign a legally binding agreement which fundamentally alters the terms of the contract.
Tbh I am thinking the same on most of my small cap holdings atm - market sentiment is dire - bad news is getting punished - no news is causing share prices to drop and with good news people are selling into any rises. However MIN is definitely now a share to hold imho if you are prepared to hold for 2-3 years but I can understand why some need convincing considering the history here
Can't argue with that Arsenal -for once your comments make sense! I'm as much at a loss at understanding the low share price as you,
All I would say to you Bigwell is why is the SP still at 1p when you have a new Greek member of management on board and especially all of your recent comments ,if it was all true then surely the SP would be a lot higher ,things are not that obvious here so until there is a sudden upsurge in price then you cannot believe anything from this BOD !
You can see why George is confidant that he will "rapidly progress further discussions with potential commercial partners" - there are plenty of potential JV partners looking for such a project. The main ones, from the hotel and hospitality sector anyway should be:
1)Mediterranean Hospitality Venture Ltd (MHV), the tourist "arm" of Prodea investments, which consists of the parent Company Invel Real Estate and the Yoda Group of Mr Ioannis Papalekas (real estate investor known for his involvement with "Nammos" in Mykonos).
"MHV is also actively moving towards the placement of capital in the Greek tourism market, where there are now several mature investment projects of organized tourist accommodation, which are looking for strategic investors and financing. Among them, two are located in the area of Sitia in Crete. The first belongs to the group of the marble industry Iktinos and the second to the British group Minoan, which designs the "Itanos Gaia", in Cape Sidero. Both are in the final stage of licensing, after a multi-year process of urban maturation." (30.04.21)
2) Wyndham Hotels & Resorts is planning to further expand its portfolio in Greece by increasing the number of its hotels from 10 to 25 over the next three years, the group’s President for Europe, Middle East, Eurasia and Africa Dimitris Manikis said (30.05.22).
3) Accor, a world leading hospitality group - established a partnership with with Knossians Group and Hines for opening the second MGallery resort in Greece (01.04.22).
4)Mitsis Hotels - Greek hospitality group Mitsis Hotels is rolling out a 500-million-euro investment plan to develop new tourism projects in Greece.
Set to be completed by 2027, the program includes the development of new luxury hotels on the islands of Mykonos, Rhodes and Crete, and at the port of Piraeus. (08.04.22)
5)IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, has announced the signing of InterContinental Resort Crete, marking the luxury brand’s debut on the Greek island.
IHG is developing this unique hotel in partnership with private equity real estate firm Henderson Park and international real estate firm Hines.
6) Brown Hotels has announced the opening of its newest member, the Brown Beach Chalkida on the island of Evia.
The group’s three-year investment plan includes the opening of a total of 42 hotels and resorts in Greece.(16.06.22)
7) Fosun Tourism Group, part of the Chinese conglomerate Fosun International and a company focused on the leisure travel market, has announced the opening of four new hotels in Greece under the brands of Casa Cook and Cook's Club Hotels in 2022.