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Let’s see if this new name can move things on , we wait with anticipation ?
25 March 2022
MINOAN GROUP PLC
("Minoan")
George Mergos Appointed Chairman of Loyalward Limited
Minoan is delighted to announce that Professor George Mergos has been appointed Chairman of Loyalward Limited, the Group's wholly owned subsidiary and owner of the Group's Itanos Gaia Project in Crete. This appointment is in addition to George's current role as a director of Minoan.
Christopher Egleton said "As the Project moves toward contracts and commercialisation, it has become increasingly clear that we need someone in the lead role who not only understands the Greek business environment at the most senior level, but with whom all parties in Greece are comfortable dealing. With George's extensive background across the public and private sectors and with his experience in both complex projects and finance, we felt it was time to hand over the role of Chairman of Loyalward, a role that I have performed for over 20 years.
Shareholders should not underestimate the importance of this appointment. It is a significant milestone for both Minoan and the Project, and is testament to the pace of developments over recent months."
George Mergos said "With the Project finally able to move to definitive agreements, which will require contractual relationships to be agreed in order to develop the site at Cavo Sidero, I am delighted to be able to be involved proactively in seeing this unique development finally take shape.
The Project is set in the largest private estate in the Eastern Mediterranean and Minoan's steadfast and patient shareholders can rest assured that I aim to see their commitment and loyalty rewarded with further demonstrable progress in its development in the near future."
Sorry typo error that should of said About this time of year .
It is about this droid of time soon that the begging bowl will be out when the BOD will be asking for a new tranche of shares to be sold to cover the debts again ? Still no investment coming regarding the barren undeveloped land project ,watch this space !
As usual don’t like the Facts decades on ,here is a simple Fact for you Bigwell SP 0,97.5p
How do you know that?
Yet another throw-away comment without any base to it.
Some more facts for you Bigwell it appears there is No investment coming soon as it’s back below a penny again !
Pedro absolutely bang on mate at least you live in the real world mate and they are Facts im afraid the obvious candidate still does not accept realism hence does not give any insight to possible cash investment decades on and still today in 2022 ! Now’s that’s a Fact
Just thought I'd go back 30 pages and see what was being said!
I am not a shareholder, I was years ago when it was called something else, was it Loyalward on Plus markets then came to AIM in 2006.
More irrelevant untrue assertions - Please stick to the facts .
What’s another year after all the CEO has been waiting decades whilst getting a salary for doing nothing you can’t make it up
In my opinion despite the. Constant optimism of the chairman there would have been no realistic
Prospect of a deal being Done in the last 5 years.The contract with the foundation has clauses it it which a developer would find to onerous.
Post Covid and the recent changes in the law there must be some value. If the foundation move their position then shareholders may be in for a pleasant surprise.If they won’t budge then they should still have interest at a lower price level.I think even the most optimistic soul must accept that if it does attract any third party by the end of this year then it probably never Will.
Bigwell someone has to Fund the project because Minoan has No Capital so after d3cades of looking for someone have yo7 got any ideas who would put the money ? Because the BOD have been trying for a long time ?
Not a bit of it -my computer was not picking up lse thread .
The company has never been looking to fund the project!! Just shows how much you know and after all your efforts to trash this bb the most important FACT eludes you.
The project is the assembly, design and supervision of the construction and ultimately, the management of this resort on a 25 Square KM site in NE Crete. Nearly all the finance for the project will be raised in the form of project finance, and / or from joint venture parties.
Bigwell I will take your silence as you know there is No Capital hence your none reply maybe you are finally realising some some mode4n day Facts 2022 that Minoan can talk a good game but not Fund it now that in the present world OK
Bigwell answer me one question Where is the Capital for this project ? . Now that is a question in 2022 so get your head out of the sand and give me the answer your so besotted my this BODs scenarios so just answer my question
No it doesn't actually. A wishy-washy response without any factual detail as always. Times have changed considerably in the last year and yet you continue to ignore what is happening in the present and allow let the past to dictate your posts ( head in the sand as ever).
They will always present an RNS with views of the upcoming events and the possibility of there undeveloped barren land project finally going ahead ,What they don’t do Bigwell is present any facts about where the Capital is coming from ,anyone can talk a good game but at the end of the day the reality is that Nothing has happened with the venture in Crete for decades and that is what you and others should be concerned about along with a CEO who has been earning a salary for years without any success about the above comments ,I hope that clarifies it for you !
Well yes you are entitled to your opinion.
Todays rns (in my opinion) was a very well presented up-date from the Company, full of facts.
Yet in YOUR opinion today's rns was make believe. Well please justify that opinion by telling me which sentences have been made up and are not true?
Or is your opinion merely a throw away comment without actually a shred of evidence or truth to it ??
Bigwell your right I don’t have any interest in Minoan but I’m entitled to an opinion the trouble is you can’t face the Truth or FACTs so I suggest you dig a bit deeper about the business ,just trying to give you some good advice as for FTSE 100 been there since the 80s and doing Ok after all any RNS from businesses in there are actual facts not make believe like Minoan, Good Luck with your investment here you will need it !
I don't believe your intentions are genuine. If you are doing so well on FTSE 100 investments why do you concentrate your (embittered) comments for this thread. Your comments show that you have no interest whatsoever in this company nor in its future and serve very little purpose apart from occasionally achieving a sanctimonious self satisfying pat on the back when the share price goes down. And when it goes up your efforts are renewed simply to personal attacks on anyone who posts positive comments here.
Bigwell nobody has upset me it’s called having an informed opinion you have one just like me we disagree because of the fundamentals of how this so called business has been run for decades just tak8ng money of you and others here with No return for your cash , it’s your decision what you do with your money but try and look at the bigger picture after decades and see who the only winners are ,The BOD remember some of us have been investing for decades in FTSE 100 companies not a poxy little Aim listed business what looks after themselves and that’s a Fact . Just ask yourself why after decades has nobody invested Capital in Minoan for the barren undeveloped land in Crete ?
Then why on earth do you make it your vocation to trash everything that is said on here. You must be very bitter about those running the company. Anyone in particular upset you in the past?
Only ever bought in here once and made £500 not as daft as some here Bigwell to be holding these , you keep believing hence 1.07.5 SP and keep paying the BOD with your money LOL
Bitter ex-shareholders living in the past.