Re: News next week ? Have a feeling its actually lower than it should be , not because of that but due to a couple of large sells during the week. The mm's took full advantage and responded by lowering the price sharply a couple of times. Meant you could buy at a ? reasonable price though and there's been pi's buying which have been continually shown as sells mistakenly throughout the week, giving a false picture possibly.Hopefully the news & accounts will come next Thursday at the latest and fingers crossed we get an update on the sale of the travel business and also as important a few more details covering the interest shown in the Cavo Sidero project.
News next week ? Clearly with the SP as it is, either the market does not rate the news next week or is oblivious to it ?JackFrom RNS of 13th March 18'The Group's results for the year ended 31st October 2017 are expected to be published at the end of this month together with any further news on the various matters covered in this announcement.'
Re: Tipped today RNSWhat a difference two weeks makes :- )Nigel Somerville talking it up again .
Still well undervalued Current value of Company = £15m / 7pCompany will become debt free from Travel business sale - so proceeds must be at least £6m and suspect in the £15m region (3-4 x Gross Profit), so leaves us £9m.Then the sale of a substantial stake in Crete venture - £6-7m?So could end up with 7p's worth of cash, and therefore a "free" stake in Crete. So this has got to be worth 10p+ in my view.
Re: Not a whisper, in two months....... ....and then we get some news to chew on.It looks like the Travel Business is continuing to grow (Gross Sales up 15%) and a preferred buyer is now completing due diligence with the expectation that the sale would leave the Group debt free.Interest on tourism in Crete is increasing and it's good to hear that a number of deals are now progressing with prices substantially ahead of previous expectations. That bodes well for us, especially as MIN have received an approach from a credible party to acquire a (significant ?) stake in the project.All looks good, after such a long wait............GLA
Re: Not a whisper, in two months....... Some news at last. Fingers crossed for a positive reaction in the share price.Cheers,
Re: Tipped today Been thinking of top for weeks got some @ 5.1p.
Not a whisper, in two months....... .......since the abortive Broker Offer. Throw us a transformational bone MINJack"We are pleased to receive shareholder support in this issue. Conversations are continuing with shareholders and other finance providers and I expect to update the market on the outcome of these conversations in the New Year. In the meantime, we will continue to pursue the sale of the Travel and Leisure business, for which an indicative proposal has been received, whilst exploring ways to optimise the Crete Project for the benefit of all shareholders."
Re: Tipped today Below the ABB now ?
Silence is golden!!!!
Bought in I bought a few of these this year at 7.5p. Recent events are disappointing but I still feel the sum of the parts is worth twice the current price.Personally i'd like to see them sell CS seperately from the travel division and return the proceeds to shareholders. Any return from CS is years away otherwise and there will probably be plenty more dilution before it is realised so better to sell now.
Transformational? ....or destroying value? Down to 5.4p now.
Short term pain ? Well the BOD certainly know how to create transformational value.......Not. Disposal of our only cash generating asset, the Travel business for c£6.3M equal to the amount owed to Hillside. Depending on the deal, MIN become debt free. Raising £1.3M less expenses at a 21.3% discount. Hmmmm 6p. No attempt by the BOD to create positive news flow on Crete to ignite interest in the SP. Tut tut !!So I think the story is, sell Travel for c£6.3M, become close to debt free, use the £1.3M as working Capital until 31 Oct 18, reduce the 50M Warrants to 7p, whilst having a transformational event in the back pocket. From where I am, a sour Greek meze and a complete loss of credibility.
Re: Tipped today RNS.... . .ABB @ 6p and private subscription.This is AIM lol
Existing Holders Being Ripped Off See under News: "Subscription & Broker Offer"6 pence per share after all the patience we've shown.My patience being stretched now.Cheers,