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Big well when it comes to a dose of reali you really are top of the class ,the SP is under a penny for a reason so try and understand why that is ,we all know you are a big believer in Minoan but I’m afraid your a minority you must see that at present this is going knowhere but the BOD keep getting there salaries fir doing nothing ,Reality Check fir you !
Keep up at the back! Its already been and replenished the coffers.
AND three more directors bought more shares. Now, I wonder why??.............
Pedro I agree it has gone very quiet over the last 6 months , I can’t wait fir the begging letter to appear
Probably need to do another capital raise soon to pay the directors salaries for another year.
Maybe something they could RNS on Christmas eve :) facepalm
AVOID
Bigwell how’s your predictions going for the long term view of Minoan considering you stated the SP would be a lot higher a few months ago as usual your Wrong !
Bigwell the only one with head in the sand is You hence SP still 1p that’s a Fact !
Are DAGG members philanthropists or have they got their eyes on procuring Minoan's prize asset ?
Any delay in providing renewal details could spell danger.
MORE misleading posts - head in the sand as always, living in the past!!
Bigwell Sorry I forgot you told us a few months ago things are improving ,well there Not !
Bigwell the only one misleading people here is you the SP is 1p for a reason and as Minoan don’t have the funds to pay the loan face upto some Reality and stop dreaming it beggars belief what you want to believe !
Very misleading post - but that is typical of ****nal.
If they play hardball they can’t pay as that don’t have the money so in big trouble beware !
The renewal date for the DAGG loan once again draws close.
What happens if the lender decides to play hardball ?
Debt for equity on usurious terms would be one avenue.
With the two buys this morning being filled at sub 1.00p there seems only limited optimism for Minoan's future prospects.
.95 sell and 1.05p buy
1p mid-price
Can we pitch a tent in Cava Sidero glamping style?
2 months on and No agreement in place but I’m sure we all know that was not going to happen and as predicted the SP is close to a penny again ,going knowhere at present !
"If Liz Truss wins with a thumping majority, will that put some confidence back into the London market?" Errr let me think.............No. LOL
You might be right (we both hope you're not). Anyway, the market likes certainty. Granted that the war in Europe and the energy crisis doesn't do us any favours but what about closer to home? If Liz Truss wins with a thumping majority, will that put some confidence back into the London market?
Here we go again SP up let’s see how long it takes to get back to a penny !
August 1 SP 1.22.50p now August 15 SP 1p , with all the talk and bluster on here this SP seems to be going knowhere ?
Could they do glamping in the meantime, they'd need services like water, sewerage and shops so probably not!
Bigwell in other words same as what has been happening for decades trying to find finance for the barren undeveloped land nothing new there then 2 months is very very optimistic on past form !
Hopefully in the next month (or two) for a new agreement / lease with the Foundation to materialise, then its on to finding the right partners to start developing the project.
Bigwell I forgot how long do you anticipate your friend George will need to get anywhere with the points you raised in your last opinion ?
Bigwell why is the SP still stuck at these levels then ? also audited accounts are a big plus for any business otherwise you can say anything just like the BOD do here every year and very decade Fact !
Head in the sand again, Arsenal!!
As always looking over your shoulder into the past.
The interims don't need an audit. But you know that. So just stirring the pot eh!
Consider the very positive update from the new Chairman of Loyalward:
Statement of the Chairman of Loyalward Limited, the Project Owner
Since taking over as Chairman of Loyalward in March of this year, I have been delighted with the constructive
nature of my discussions with our partners in the Itanos Gaia development, the Ecclesiastical Foundation
Panagia Akrotiriani (the “Foundation”), who are the ultimate owners of the land on which the development will
take place.
The discussions with the Foundation have centred on the Project Masterplan, the Business Plans and the
opportunities that the relatively new legal framework of Epifania brings to both parties as well as to our future
commercial partners, including banks and other financial institutions. I am pleased with the way in which the
discussions are being conducted concerning the adjustments to the agreements which necessarily follow the
revised Masterplan. The Masterplan itself sets out the vision of the Project in terms of its extremely high
quality, environmental credentials, overall design, and an ability to meet current as well as the expected future
demands of discerning travellers and residential users.
The pace of the discussions themselves has accelerated in the last months and once they are concluded I
expect the Project to move forward at some pace, as we make agreements with contractors, hotel brands,
development partners and others toward project activation and an actual start of development.
In parallel with all the work on the Masterplan, Business Plans and the Contract discussions, our
environmental team is working towards the completion of the detailed Environmental Assessment. As
shareholders will be aware from previous statements, the Presidential Decree which gave what is
approximately equivalent to outline planning consent in the UK, set out the various detailed conditions,
including environmental as well as other rules that the final development should follow. The whole Project team
has been and is working to ensure that all the rules are observed in order to achieve the best result.
I look forward to keeping shareholders updated as to progress over the coming months with additional
emphasis on the physical form of the Project as well as the discussions with the Foundation and their
conclusion.
George Mergos
Chairman, Loyalward Limited
29 July 2022