Nickel and Copper Both in a serious uptrend at the moment. Long may it continue.Very low volume day for us today.
Company valuation on government approval. Minoan has been told it has full approval for the Crete project.So what is the share price worth then compared to today's price.Well at 8.88p today's close Minoan are valued at just £16 million.The Crete project was estimated as being worth £100 million undeveloped back in 2014,clearly undervaluing the company and not including the rest of the business. Seems a ridiculous valuation at present and that makes it a Buy...
PD Wow! We have had the lightning pace of progress since "fast track" was introduced a couple of years ago. Now I hear that there are rumours in the Greek press that the president has his assistants looking for his pen! Watch out for the action.
News imminent on Crete. The official news should come before lunchtime today. The verbal ok has been given according to yesterdays RNS, therefore the actual full official news should follow very quickly.I was expecting it this morning but it will come certainly within the next 24 hrs as its obviously leaked out.Strong buy,short term 16p from there who knows...Labour, materials and fuel are all now at rock bottom prices, so the resort can be built at a snip compared to original cost forecasts now.BUY!
Tomorrow morning Hope I haven't started celebrating too early and can get up in time for some serious re-rating.It's been a long time coming and I it's finally comes to fruition. Many, over the years have predicted what the sp could be on getting the go ahead. Some that I recall being somewhere in the region of 34p-42p. What has changed in the way of share issues over the past years that would change those estimates I couldn't say, of the top of my head. But it has to be a lot further North the 9p.But even today's rise has certainly broken the downward trend of the last couple of years. It would be nice to smash through the previous points of resistance and achieve some real gains for those that have stuck with this. And for anyone else that cares to join in.[link] Si.How long before Alltold shows up. lol
Re: Touchdown! Great news on the PD and even better when it's formally confirmed. I hope after so long, the BOD have a well orchestrated plan in place to drive the SP much higher. According to recent press, Greece had a boom tourist year in 2015. Wonder if Candia are going to stump up the 12.5M or whether other players are in place. Awesome news........JackTourism at all time high.........Official data released on Monday by the Bank of Greece confirmed that 2015 was an all-time record year for Greek tourism, thanks to the significant contribution of revenues from US and British holidaymakers.Tourism takings last year amounted to 14.2 billion euros, posting annual growth of 6 percent. Revenues from US tourists registered a massive 44.4 percent year-on-year rise to reach a record 945.6 million euros, while revenues from the British market exceeded 2 billion euros, posting 30.5 percent annual growth. This development came about mainly due to the slide of the euro against the US dollar and the British pound.There were also gains in revenues from German visitors, who spent 13.6 percent more last year, reaching 2.26 billion, while French tourists achieved record spending of 1.2 billion euros, rising 6.6 percent compared to 2014. On the other hand, there was a major 63.2 percent year-on-year decline in revenues from the Russian market, which amounted to 425.5 million euros.The number of tourism arrivals in Greece expanded 7.1 percent in 2015 from the year before, reaching an all-time high of 23.6 million, with US and French tourists also posting record numbers. The number of US visitors climbed above 750,000, rising 26.8 percent from 2014, while French visitors rose 4 percent to exceed 1.5 million.There was also a positive trend in Greek tourisms two main markets: German holidaymakers increased 14.3 percent on a yearly basis to top 2.8 million, while 14.7 percent more Britons visited Greece in 2015 than in 2014 to add up to almost 2.4 million. The number of Russian tourists slumped 59 percent to almost 513,000.In December 2015 alone there was a 12.2 percent increase in tourism revenues, which reached 205 million euros, while foreign tourism arrivals declined by 9.3 percent from December 2014 to 488,000. All main five markets (German, British, French, US and Russian) posted a rise in arrivals, while revenues rose from the Americans, the Russians and the French, but declined from the Germans and the British.BoG figures also showed that the travel balance recorded a surplus of 12.17 billion euros last year, rising 7.5 percent from the surplus of 11.3 billion registered in 2014. This development is mainly attributed to the rise in tourism revenues by 801 million euros and, to a lesser extent, to the 51-million-euro decline in travel payments (money used for traveling abroad).Average expenditure per trip amounted to 582.9 million eur
Re: Touchdown! yesterdays drop was disgraceful, MM's getting shares before the newswell done all long term holders, lets hope we make more than 17p which was the last bg high i rememb
Re: Touchdown! Indeed. This is massive Massive news!!
Re: Touchdown! This could get interesting. Three bagger from here would be nice.I have added a few more just for a punt.GL S
Re: Touchdown! RNS is in!
Re: Touchdown! Ask your friends for a link to the paper. Had a quick trawl through the Greek press online and couldn't see anything.TBH , a RNS would be nice before it was in the press.But, nice to back in profit. Si.
Touchdown! Nearly as many shares traded in Minoan as Tesco today.My Greek friends tell me the deal is signed and its in the Greek Press.Happy days.
Re: ready for takeoff Still on the runway........
Re: Ready for take off............. All loaded up and strapped in ready. S
Ready for take off............. .......just got to sort out where to stay now!!JackThe upgrade of the tourism product is a priority in regions new strategy for the promotion of Crete, and development projects carried out on the island, including the airport Sitia, are enhancing our efforts to extend the tourism season throughout the year, Mr Arnaoutakis said.The Sitia airport project aims to include and establish Crete as a major hub in Southeast Europe and the Eastern Mediterranean, he added.[link]