Watermark Global Share Discussion Threads

[moreforus] 28/9/2012 14:30

0.19p paid 0.1775p paid

[corby 04] 28/9/2012 13:09

Cheers for the information guys,much to mull over!

[reutersman] 28/9/2012 13:06

more4,i will be adding another 5m for a long term hold

[moreforus] 28/9/2012 13:03

Corby

hope you read the rns - you might want to look at the Q&A on the website and the MRI website ....

[moreforus] 28/9/2012 13:02

MRI is up too!!

NAV even higher!!

[cufes2] 28/9/2012 12:55

corby 04

You need to be asking how much cash do WET actually have, how many illiquid shares in a company with an unproven project listed on the SA stock exchange do they have and how many illiquid shares in a company with an unproven project listed on the SA stock exchange remain unsold . . . FYI the poster who set up this thread has allegedly sold up . . .

Induna123 - 28 Sep 2012 - 09:25:56 - 6322 of 6393

ertugrul. This was what I was talking about a couple of weeks ago. Even when they lay it out in simple terms, "we are worth 0.33p, we are worth 0.40p" the market simply doesn't believe it. The problem is the deal with MRI. It just stank. That's why dawsonpaul sold, and he was along term supporter for this company. We were hoping for the SA govt to announce tenders for the AMD issue but as Pwhite pointed out, this would probably never happen. Instead we sold the company to a delisted stock on SA's equivalent to AIM. The value they talk about is only linked to how MRI performs. If they had sold the company for cash only then we would be trading at 0.3p but this current valuation is backed by MRI paper. What you have are folks who have been trapped here for months/years ready to get out.

[corby 04] 28/9/2012 12:55

Thanks for the info guys...looks interesting!

[moreforus] 28/9/2012 12:54

Are you the 5 mill buyer?

[moreforus] 28/9/2012 12:54

Lol no the NAV was 0.33 in June ..it's now 0.40....

The Company's assets now comprise largely listed investments and cash or cash equivalents. At 30 June 2012 they were more than GBP5.0 million or 0.33 pence per share. The Company's net asset value is significantly greater than the Company's share price even without adjusting for the current market price of MRI (which would make the net asset value nearer to 0.4 pence per share) and we are working to achieve a share price that more accurately reflects the value of the Company.

[reutersman] 28/9/2012 12:52

more4,thinks its more like 0.33p mate but yes some big blue sky above
here.Am tempted to garb another 5m :-)and another 2m of WRES which will
do an easy 50% next week imvho.

[moreforus] 28/9/2012 12:50

Well whether its level 2 , level 3 or level 42 the NAV is 0.40 and the price is 0.15 ...ie still too cheap with plenty of upside just to get to current fair value!

[reutersman] 28/9/2012 12:47

more4,i should add that if WINS move to 0.17p on the level 2 ask its a clue
they have taken those shares and we in play.

[moreforus] 28/9/2012 12:45

Who is level 3 through?

[reutersman] 28/9/2012 12:44

more4,its actually a good sign if an mm is willing to take a multimillion
sell order as they believe the forward market will make them money,its
how the mm,s operate they not charity cases lol. This could get interesting
next week imvho.

The orders not been executed yet so it maybe a few big orders on buy side
are being worked.Watch this space :->

[moreforus] 28/9/2012 12:39

Just gone 0.14-0.16....

I'm sure both of you guys are correct however earlier this week someone sold 60 million shares at .10p... CNKO dropped the offer to 0.11 for most of the day to fill it.....so if there were a seller in 15 mill twice at 0.12 then te market would not be bid at 0.14 and offered at 0.16!

[reutersman] 28/9/2012 12:38

more 4, how it works mate is they then put a mark up on the volume trade
and as of a few mins ago WINS were showing 0.23p on the ask,this means
they will most likely look to sell at a mid between the two prices which
is around 0.175p ish .

[moreforus] 28/9/2012 12:37

Lol not you as well.....

And what price are they on for...0.12?

[ertugrul] 28/9/2012 12:36

really wanted to buy EDL as RECA gone into bid there, there is a very positive change... thats why sold some WET

[maxmarilli] 28/9/2012 12:36

those 2 that show on L3...

[moreforus] 28/9/2012 12:36

If tdw wanted 0.174 why are there orders at 0.12

[ertugrul] 28/9/2012 12:35

:-) that was nice

27macca 28 Sep'12 - 12:32 - 6379 of 6380

Corby, its the opposite of dry.

[moreforus] 28/9/2012 12:35

Lol max ..what orders?

[corby 04] 28/9/2012 12:35

27macca LOL,very helpful :-(

[maxmarilli] 28/9/2012 12:34

l2 showing only LCAP at 0.16.If those 2 big orders get cleared we might see 0.2 break...imo.