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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
One word springs to mind Unaudited says it all abs twaddle as usual
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