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Minoan – brief update and placing: Are we nearly there, yet?

By Nigel Somerville, the Deputy Sheriff of AIM | Monday 22 March 2021


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed holiday resort developer in Crete Minoan (MIN) updated the market this morning….and announced yet another placing, albeit for a small amount, £187,000 (courtesy of Peterhouse) at 1.1p per share and a small debt-for-equity swap worth £70,000 also at 1.1p, with one warrant for two new shares taken at 1.4p. But it is the update which offers a little bit of hope here.

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