Member Info for plumbus

The company (plus debt) was valued at about £3B before the price collapse and now at £2.6B now. Only a 13% correction.

One large Texan earthquake and you'll get $100 overnight!

2018 was never going to be the year of big debt repayment with catcher only on full flow for only 6 months and cap ex still flooding out.

How much could they sell catcher for? Would probably eliminate deby and leave the comany free to push tolmount, mexico, SL, Indonesia. It's an option.

Petrol now 119p at ASDA.

https://www.mirror.co.uk/news/politics/michael-gove-offered-brexit-secretary-13594993

Michael Gove has reportedly been offered the job of Brexit Secretary following the dramatic resignation of Dominic Raab.

It's thought he's told the Prime Minister he'll accept the job...on one remarkably ballsy condition.

It's been reported he'll only take the most resigned-from job in British politics - if he has permission to scrap Theresa May's draft Brexit deal entirely.

Why did BMR miss this opportunity for early production?

The option is being considered to gain exclusive access to a nearby zinc refinery currently under care and maintenance. This option would include refurbishing the existing refinery which significantly reduces the project time line to commence production of zinc. The tailings from the zinc circuit would be fed to a new constructed lead recovery circuit for the production of a lead concentrate. The final decision on whether access to the zinc refinery can be secured is expected during Q4 2018, failing which Jubilee will accelerate the construction of a dedicated zinc recovery circuit at the EPL Kabwe property.

'Two of the largest shareholders in Minoan are actually board members of Loyalward the company that is running the CS project. Namely Mr P Raby 14m shares and Mr N Day 11m shares.'

...and we have Zachary with 50M warrants.

Possibly another cheap MBO coming ala Stewart Travel?

Looks like Boris and Natasha are picking a few up at the moment!

I'd be happy to sell the assets to the Russians, their money is as good as anyone's if the management can find some motivation....

Greece and Crete specifically is currently a hot spot for tourism and investment in tourism.
It's not the asset that's in question here is the motivation and more importantly the motives of the management. Has this been an elaborate plan to rip off shareholders all along, half the board have got their company silver in the form of the Travel Business and we've seen from recent events what an asset this is in the right hands. Have the remaining board members a cunning plan up their sleeves to relieve us of SC also. That's why the sp is where it is trust or the lack of it. Admin due to lack of operating capital followed by cheap buyback from our ex employees?

Greek tourism is currently going through a growth spurt. SC may be barren land but its barren land with planning permission in a honey pot destination for tourists. Whenever did MIN contemplate ever turning to agriculture anyway?

ARSENAL17's reply to the previous post has, as if by magic - disappeared!
He said he didn't hold by the way.

Right now I'd take the 7.5p. Silja have 50M warrants exercisable at 3.5p I'd expect they'd want at least 7p

Great, but whats that got to do with MInoan other than rubbing our noses in the s.it? Duncan Wilson obviously got a good deal for himself with Stewart Travel when he should have been working for the interests on Minoan shareholders. Conflict of interest comes to mind. Why was he not so proactive working for Minoan? What are we left with now? The reality that he and Zachary appear not to have any taken interest in SC speaks volumes for its value. Only crumb of comfort is in the warrants that Zachary have, they presumably want to see value from those.

posted on advfn by Wi1l

https://www.insider.co.uk/news/stewart-travel-minoan-mbo-canterbury-13523795

Agree with most of what you say and as a speculation this is a good entry point. It's just that most long term shareholders have been under the illusion (or not) that the Crete project is worth a multiple of your suggested 5p and this has been reflected in the historic sp, if I remember rightly when PP was first given the sp shot into double figures and again when the appeal was rejected. I think LTH's would be disappointed at certainly less than 10p.

If you reckon we'll only get 5p for the company if and when we get a deal, it begs the question why we have been trading above 6p for much of the last year. The only real change being the sale of an asset for roughly the the same value as our debt ie little net change? You also imply that retention of the travel business would have reduced the asset value yet when this was eventually sold the sp plummeted.

I'd happily forgo flying in a 75 y.o. crate, even my nostalgia has its limits. Thanks all the same John.

Watch out for those bluebirds!