Watermark Global Share Discussion Threads

[moreforus] 10/10/2012 22:24

Lol he isn't short..some want nothing more than this to go back to 0.11 so they can buy more.....if you find him offensive complain and he will be removed...

[mine cap] 10/10/2012 22:21

M4,i cant believe those ejits been allowed to post such rubbish for so
long and even dispute whats stated in official news releases.We can
assume they are in pretty deep here on a short thats gone against them
and getting desperate as wet could announce something any day.I have
been in touch with a mate who can find out exact details of any big
short positions on this stock including who they are placed with and
will report back what he finds.

I have also have a plan brewing !

[moreforus] 10/10/2012 22:21

While it's always good to have a contrarian view which prompts you into to checking the facts and reassessing your investment rationale when someone so blatantly ignores the facts has no place or value here and their true agenda is just based on hate as they lost so much money selling at the bottom.

Filter him or report him - he is clearly not here to broaden our understanding of WET or engage in rational and useful debate.

[adnatrob] 10/10/2012 22:17

M4Please grow up. I have not placed a value to WET, just giving my opinion on my interpretation of the information in the public domain.

[mine cap] 10/10/2012 22:07

adnat are you joking or what ?

[reutersman] 10/10/2012 21:54

adnatrob, so you see something totally diferent in the figures i just
posted ?? out of interest why are you posting here ?? and how about
my question on a stock you do fancy ?? you are testing my patience
with your lack of clarity!!

[reutersman] 10/10/2012 21:29

adnatrob, lol so you think coal project is worthless - take a look at the
following figures posted on lse taken from MRI listing document.Bottom line
here is that even the fact that wet have just posted earnings per share
actually at todays closing price and a NAV of above 0.40p with the 50%+
increase in MRI you still dispute every single fact even when it stares
you in the face.

LOL out of interest is there a stock you do fancy ??
...................


From MRI - Mine Restoration Investments Limited - Abridged listing particulars..

"Forecast operating costs of R294.31 per ton of briquette produced have been assumed. Included in this figure are costs in respect of salaries and wages, insurance, maintenance and utility costs."

"In terms of an off-take agreement with the coal mine it has agreed to pay a price per ton of briquettes produced at the spot price for thermal coal FOB RB1 ("Spot Price of thermal coal") determined on the day that the briquettes leave the plant, less 15%. A price of R720 per ton has been assumed for the forecast period as the average coal price during 2011 was approximately USD112 per ton, while the average exchange rate during the same period was approximately R7.562:USD1.00, thereby resulting in an average coal price of R847 per ton. After taking into account the 15% discount, the price used is R720 per ton."

Operating costs per tonne of briquettes: R294.31

Profit after expenses per tonne of briquettes: R425.69

MRI Monthly profit from briquettes (based on average operating output of 62.5% = 5000 tonnes): R2,128,450.00 / £151,870.79

Profit based on 12 months = £1,822,449.48

Time scales:

Briquetting starts in December 2012 at an initial 20% capacity, growing to 50% in Jan 2013 and 62.5% (average) in Feb 2013.

Potential in South Africa for profiting from coal briquettes:

South Africa produces 300millions tonnes of coal per year, up to 20% of which or 60million tonnes is coal fines.

So a very rough figure (rougher than a badgers bum beard) would be 60million x R425.69 = R25,541,400,000.00 / £1,822,538,605.89 per year of potential profit from coal fines.

As you can see, coal fines offer quite an opportunity.

[theuniversal] 10/10/2012 19:24

the quality of this bb thread has diminished considerably, most are on filter. 100+ post mostly drivel with the exception of some good points made by the more genuine investors. shame :-(

[adnatrob] 10/10/2012 19:19

Mine-cap,As I posted earlier,Re BriquettingIgnore the headline numbers and look at the current business model. IF all goes well, a few hundred grand profit in 2013 and maybe over a million in 2014. Hardly inspiring.And, how is the profit carved up? From recollection the Briquetting is carried out by a third party.We still don't know the cash position of MRI. If they need to raise funds, it will not take much to seriously dilute WET's holding.

[reutersman] 10/10/2012 16:52

moreforus,and day follows night lol lol,have a good one !

minecap well done on getting some at last,if they still working your order
it should go through tomorrow morning.

[moreforus] 10/10/2012 16:32

tomorrow is another day...

laters

[moreforus] 10/10/2012 16:27

pitot I think the problem is you dont go on holiday enough! (-;

maybe next time it will be 0.40!

[reutersman] 10/10/2012 16:24

pitot are you sure that was not a buy ? would they take a 3m sell at
exact midprice ? i think its connected to the previous trade which gives
an average buy price of 0.1725p for 5.8m which is actually the current buy
price.

Minecap is that your buy ??

[pitot_heat] 10/10/2012 16:18

2.8 mill buy promptly followed by 3mill dump.

[moreforus] 10/10/2012 16:17

yes i know and if you look at the Q&A section on the website you'll see they are planning to try and expand to other coal producers in SA and maybe ...globally

so there could be a multiplier effect

[mine cap] 10/10/2012 16:15

moreforus i just found this over on LSE regarding coal project,figures look
rather attractive to me.




From MRI - Mine Restoration Investments Limited - Abridged listing particulars..

"Forecast operating costs of R294.31 per ton of briquette produced have been assumed. Included in this figure are costs in respect of salaries and wages, insurance, maintenance and utility costs."

"In terms of an off-take agreement with the coal mine it has agreed to pay a price per ton of briquettes produced at the spot price for thermal coal FOB RB1 ("Spot Price of thermal coal") determined on the day that the briquettes leave the plant, less 15%. A price of R720 per ton has been assumed for the forecast period as the average coal price during 2011 was approximately USD112 per ton, while the average exchange rate during the same period was approximately R7.562:USD1.00, thereby resulting in an average coal price of R847 per ton. After taking into account the 15% discount, the price used is R720 per ton."

Operating costs per tonne of briquettes: R294.31

Profit after expenses per tonne of briquettes: R425.69

MRI Monthly profit from briquettes (based on average operating output of 62.5% = 5000 tonnes): R2,128,450.00 / £151,870.79

Profit based on 12 months = £1,822,449.48

Time scales:

Briquetting starts in December 2012 at an initial 20% capacity, growing to 50% in Jan 2013 and 62.5% (average) in Feb 2013.

Potential in South Africa for profiting from coal briquettes:

South Africa produces 300millions tonnes of coal per year, up to 20% of which or 60million tonnes is coal fines.

So a very rough figure (rougher than a badgers bum beard) would be 60million x R425.69 = R25,541,400,000.00 / £1,822,538,605.89 per year of potential profit from coal fines.

As you can see, coal fines offer quite an opportunity.

[moreforus] 10/10/2012 16:14

someone managed 2.8 mill