Watermark Global Share Discussion Threads

[ertugrul] 13/9/2012 09:21

news is getting around now

more buys should come around lunch time

[ertugrul] 13/9/2012 09:18

lots of buys coming in now... lovely

[moreforus] 13/9/2012 09:16

the profit share is pretty smart

and given that SA investors understand the risk ....and MRI is up 50% since listing WET has a lot of head room to catch up!!!!

[johnspain] 13/9/2012 09:11

spot on more, I have been topping up recently

[tburns] 13/9/2012 09:11

No brainer, fill your boots

[ertugrul] 13/9/2012 09:10

nicely moving now 0.20 on card guys

[peas_n_love] 13/9/2012 08:59

Jaco et al must be in seventh heaven being able to put out something positive for once.Let us spare a brief moment to put ourselves in his shoes,the struggles,the animosity from shareholders,days when I bet he wishes he could just walk away from it all and go do something different.Of course there is still a long long way to go but well done Jaco and team.

[ertugrul] 13/9/2012 08:49

Superb news....

[johnspain] 13/9/2012 08:44

yes you are Pwhite

[moreforus] 13/9/2012 08:44

yep they have been selling and we get half the profit!!!!

thats BETTER than we thought

so a fee of 1.1 mill Rand AND proft...

fantastic news

[pwhite73] 13/9/2012 08:44

"In view of the fact that MRI shares continue to trade at a premium to their issue price, the placement date for the balance of the shares has been extended to 12 January 2013."

What a piece of sh*t.

[marab] 13/9/2012 08:42

Looks like you were right again M4 about the supply of shares on the market

To date TAM has successfully placed approximately 25% of the shares at an average price of R0.25 per share, a R0.06 premium to the minimum placing price. Accordingly, Watermark will not only receive the consideration for these shares and half of the placing premium but also interest of R1.1million. The mid-market price of shares in MRI was R0.28 at close of business on 12 September 2012. In view of the fact that MRI shares continue to trade at a premium to their issue price, the placement date for the balance of the shares has been extended to 12 January 2013. TAM is proposing to place the balance of the MRI shares with strategic investors in South Africa but in view of the strengthening prospects of MRI and the price at which MRI shares are trading the Watermark Board will keep the position regarding the remaining MRI shares under review and may elect to take ownership of them.

[moreforus] 13/9/2012 08:41

Accordingly, Watermark will not only receive the consideration for these shares and half of the placing premium but also interest of R1.1million.

[moreforus] 13/9/2012 08:41

TOPINFO 13 Sep'12 - 08:39 - 144871 of 144872

DJ Watermark Global Business update

TIDMWET

13 September 2012

Watermark Global Plc

("Watermark" or "Company")

Business Update

Watermark Global Plc (AIM: WET), a company listed on AIM with a focus on Acid Mine Drainage treatment and coal briquetting in South Africa, provides an update on the development of its associate company, Mine Restoration Investments Limited ("MRI"), which is listed on the Johannesburg Stock Exchange

Operations

The implementation of MRI's Coal Briquetting project is progressing well and first production is anticipated by February 2013. The pilot briquetting plant will be moved to site in the next few weeks in order to commence production of sample batches for final off-take evaluation and specification. This information is required under the existing off-take agreement to enable potential consumers to evaluate the product. By implementing the pilot plant ahead of the main production facility, MRI will be in a position to assess market requirements and make final adjustments to the process before entering into full production.

Financing

Watermark signed a loan agreement with Trinity Asset Management (Pty) Ltd ("TAM") as part of the capital raising process when listing MRI in June 2012. Under the loan agreement, TAM agreed to place approximately 105 million MRI shares at a minimum value of R0.19 per share by 12 September 2012 in order to repay the loan. Should the shares be placed at a value of more than R0.19 per share, Watermark would receive 50% of the additional value. Watermark also had the option of taking ownership of any of the MRI shares not placed by 12 September 2012.

To date TAM has successfully placed approximately 25% of the shares at an average price of R0.25 per share, a R0.06 premium to the minimum placing price. Accordingly, Watermark will not only receive the consideration for these shares and half of the placing premium but also interest of R1.1million. The mid-market price of shares in MRI was R0.28 at close of business on 12 September 2012. In view of the fact that MRI shares continue to trade at a premium to their issue price, the placement date for the balance of the shares has been extended to 12 January 2013. TAM is proposing to place the balance of the MRI shares with strategic investors in South Africa but in view of the strengthening prospects of MRI and the price at which MRI shares are trading the Watermark Board will keep the position regarding the remaining MRI shares under review and may elect to take ownership of them.

A further update will be provided as appropriate.

Enquiries

Watermark Global plc
Peter Marks, Chairman Tel: + 44(0) 20 7233 1462
Jaco Schoeman, Non-Executive Director Tel: + 44(0) 20 7233 1462
Investor Relations
Charles Zorab Tel: + 44(0) 20 7233 1462

[marab] 13/9/2012 08:41

RNS out, looks good to me ;-)

[moreforus] 13/9/2012 08:31

js ...chart had resistance at 0.13....next is 0.17...downtrend getting broken...

took less than 76 years...

[johnspain] 13/9/2012 08:29

the mms have very little stock.
two buys so far, one put up the bid, the other took out the offer from .14 to .16 any buying pressure and this will rocket

[moreforus] 13/9/2012 08:26

I think they've been supplying the market all summer...remember its a fee not a share purchase and they may have factored selling at a discount into the charge?

all i can see os there has been 2 high volume days = almost 45-50 mill shares with at least 85% buys if not more....so where did all the stock come from??

[marab] 13/9/2012 08:26

johnspain thanks for passing the info on, and appreciate why you would want to maintain good relations with the company.

[peas_n_love] 13/9/2012 08:23

M4 - Cenkos got their shares at .15 so I doubt they would sell at a loss this soon after acquiring them ( obviously dont know for sure but reckon its a fair guess )

[peas_n_love] 13/9/2012 08:21

First trade of the day for MRI at 30 ( remember WET get the shares at 19 so potentially a nice profit already in the bag )

[johnspain] 13/9/2012 08:20

ertugrul, I have been invested in wet a long time and have established good working relationships with people involved. do not wish to Jeopardise that, I will say it was direct from the company.

[moreforus] 13/9/2012 08:19

lol because we are 35% off the floor??

look up on 1 buy

pitot heat pointed out theat Cenkos were a market maker and they had 30 mill shares to sell....guess what the volume has been over the last few days ....

[peas_n_love] 13/9/2012 08:19

M4 - of course I have,how can I function throughout the day otherwise ?