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Sorry admin, TW
************* reporting now; - 6 mins ago - BREAKING - Greek Press report Minoan (#MIN) gets a Nai (Yes!) on Planning Permit!
Thanks, bare in mind it was in Greek so translation may not be brilliant in places but seems fairly promising.
Make of it what you will but just released on Mononews Minoan Group: After Crete, another five-star hotel in crosshairs By Danae Stratis - March 24, 2017 - 15:06 Share on Facebook Tweet on Twitter In the acquisition of a five-star category hotel is to advance British interests Minoan Group Plc group in the popular tourist destination - outside Crete this time - well, developments like the president Christopher Egleton be located just before putting the final signatures in the deal. If completed, the hotel has been targeted by the head of the British group, which specializes in leisure and travel sector will need major renovation since it is scheduled to open over the next tourist season. Recall at this point that Greece has a special investment interest for Minoan Group as the Group has in the works a big tourist liner "Itanos Gaia" in the Cape region Iron Sitia in Crete. Developments there and on this track, since the Council of State (CoS) dismissed the two appeals were filed for the cancellation of the presidential decree approved the investment territorial project. Christopher Egleton, chief Minoan Group Plc The relevant applications were made by the "Greek Environment Society and Culture" and a group of 140 residents of Crete, who argued that the area of Cape Iron which should make the "Itanos Gaia ', located in the international network protection area" Natura 2000 "and therefore not allowed tourist facilities there. On the other hand, it is worth mentioning that, as he had written the mononews.gr from June 2016 , the Municipality of Sitia set in majority in favor of making investments in the region and especially for investments in the tourism industry, which is closely designed with respect for the environment and is expected to create direct jobs and will actively contribute to the global recognition of the destination. Regarding "Itanos Gaia" hotel complex (total area of 22.120 acres) prepared by the Minoan Group capacity is 1,936 beds, as well as include a golf course, a desalination plant and a natural history museum in the region. The Christopher Egleton has stated that the resort will be open throughout the year, creating 1,200 permanent jobs and an additional 2,000 local suppliers. The total value of the investment has come to a total cost of investment category over 100 mil. Euro, while, according to the British group, the work would start at the end of the year 2018.
Its under the radar today at present, but will soon hit the share news.
Certainly some outstanding statements in there; "Highest ever mined metal production, EBITDA at all-time record" Highlights -- Record mined metal production at 276kt in Q3; up 44% q-o-q -- Integrated metal production increased q-o-q: zinc 38%, lead 26% and silver 10% -- EBITDA at Rs. 2,757 Crore in Q3; up 33% q-o-q -- Environment clearances received for Zawar and Sindesar Khurd expansions Mumbai, February 10, 2017: Hindustan Zinc Limited today announced its results for the third quarter ended December 31, 2016. Mr. Agnivesh Agarwal, Chairman - "2016 was a strong year as zinc prices surged over 55 percent during the quarter compared to a year ago. With no new zinc mines being commissioned in the near future, zinc market outlook remains positive for 2017 also. I am pleased to report a five year CAGR of 38 percent in our underground mined metal production. We are uniquely poised to benefit from these dynamics, being the only primary zinc producer in the country."
Wow, now that's what I call a good rns.
My understanding is that the dividend will be declared at the time of release of the trading results (April last year), so you will be entitled to the dividend if you buy in now or up until that point at least.
Borgy74, I am an investor here and you are right in your assumption that you will get a good return on your investment however you need to be cautious with timing if you intend to trade it for profit.. It is normal in the build up to the payment of a dividend that the sp climbs quite nicely as people buy in however the day after you need to be in to receive the dividend the sp can drop by the amount of the dividend or more as people sell out. You then need to stay in the share for a few more weeks whilst it recovers. I have had several instances where I have made more than the dividend by selling the day before and others where I have stayed in, received the dividend and the sp has held fairly steady,
Some things just come back to haunt you!
Ouch
Metalgun, correct me if I am wrong but if the news you refer to is your predicted reverse takeover then there would be an RNS with immediate suspension followed by a takeover period which may be several months so your money would be tied up. Fine for someone with a long term view with this share but no good if you want fluid funds to trade.
Yes RNS out now claims against employees dismissed
As expected at £7.40
I always look at the first paragraph of an RNS where the company either "announces", "is pleased to announce" or "is delighted to announce" I am delighted to say with this one the company is delighted!
Todays RNS's look to me that a large short has been closed and KLK who put in the offer have swapped a short to a long. Coupled with todays broker rating up to £8.15 I get the feeling there may be an improved offer to follow. One to watch closely imo.
Wow there are some big buys going through here in the last half hour after the rns, someone must be confident.
Apologies for misreading it, I understand your post now and think you are right. The RNS of a few minutes ago certainly points to that scenario too.