RE: MINOAN27 Nov 2019 06:29
Thank you HenryM for your considered viewpoint & understand your frustration.
IMV the ball game changed course when the new Greek govt came in earlier on in the year, May/June. With hindsight the chances of the company reaching a deal prior to that date was a little ambitious to say the least. So I , as with many others, bought too early and the timing was wrong it turns out to buy into what appeared to be a great opportunity. That's the benefit of hindsight though.
With the new Greek govt times are changing especially so for a project such as this one. To my mind it is still early days, the project has its own level of complexity with the monastery still involved with a financial interest and it all seems to take much longer to get things done over there, agreed.
It also doesn't help not hearing of progress from the company for months, agreed. That can play on the mind considerably.
Personally I am taking the view that the longer we don't hear the more chance there is of a JV deal/ outright sale but that's solely my opinion. And I am trusting CE and the bod especially Day & Raby to be doing the right thing if that's the right way of putting it and act in all the shareholders interests. They will be all looking after their own interests and as such to me it also follows that they will therefore be looking after mine as a shareholder.
Personally I am holding on to my shares and waiting - interest is there, tourism is the priority of this new govt, its a positive govt making advantageous changes to the tax laws, tourist based assets such as hotels are increasing in values, the position and location of the site makes it a one-off rare trophy asset, proposed building on only 1% suggests future opportunities, a safe haven possibly for investors in a troubled world - need I go on, there are endless positives now.
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