Watermark Global Share Discussion Threads

[mine cap] 12/10/2012 14:41

allesandro its trading at a near 150% discount to its net asset value

[reutersman] 12/10/2012 14:21

allesandro if you just come across WET check out this latest article
on watermark as will fill you in on state of play.

[allesandro] 12/10/2012 13:56

this looks an interesting punt at this SP

[reutersman] 12/10/2012 12:44

minecap,i think your wasting time with adnatrob,if you say black he will say
white - if you say left he will say right lol ,get the picture?

Truth is that watermark and MRI are currently advancing the coal briquet
project rapidly and will be in revenues from it very soon,thats why the
trolls are bashing this!

[mine cap] 12/10/2012 12:30

adnatrob,what i find shocking is your valuation of the coal project,you need
to review the document i posted earlier as you will see they are forecasting
a profit per tonne after all costs are factored of between 146% - 167% pro
rata on market prices - and also sale prices fixed under off take agreements.


You will also see they say they will start at 20% production level to produce
samples for client evaluation and to ensure quality control,moving to 50%
and then full production.If you then read the business update from Wet in
mid september you will see the pilot (20%) started in late september which
means they will be at 50% level early november and 100% by end of feb.So
its happening right now despite your attempts to deny it !!!

[cashstrapped] 12/10/2012 12:28

I got to be honest it's all a bit complicated to me.

Anyway playtime over I got double bio followed by geography now!

(I'm really off to the bank to get some of those cash bags!).

See ya'll later.

Cheers

[pitot_heat] 12/10/2012 12:21

adnat, read the article you refer to several times on here, so on that point I agree. Only that point though.

[enshare] 12/10/2012 12:20

CS,you have your wires crossed lol

[adnatrob] 12/10/2012 12:19

Mine Cap

Please do not try to deflect from my post by posting blatant untruths. I have no other aliases, never have had, never will have.

[moreforus] 12/10/2012 12:10

half term???

[johnspain] 12/10/2012 12:09

I've filtered more new names (old prats) in the last few days than ever before.
must be a sign of good things to come, it's not even the school holidays yet.

[cashstrapped] 12/10/2012 12:06

Enshare - are you saying that WET are no longer into pumping acid water out of mines??

[moreforus] 12/10/2012 11:59

Enshare - a lot of old naughty faces ... I wonder what the record is for one person with the most advfn avatars?

[adnatrob] 12/10/2012 11:58

There are a few on this board that frequently post the same extracts. This smacks of desperation and blatant ramping. I am sure most who visit this board have now read them.

Let us not forget that WET and MRI are two completely separate companies. WET sold the rights to WUC to MRI.
WET post deal is now purely an Investment company. WET have a shareholding in MRI but do not have controlling influence.

This is my view of the current situation:
WET have not as much cash as they expected (MRI failed to sell the stock and complete the cash part of the deal)
We can NOT be sure, because of the above, of the effect this will have on WET's capability to fund further investments.
MRI share price might be rising, but it is very illiquid and the facts are MRI had to sell stock at less than 25% of average bid price to repay part of the WET loan.
MRI Coal Project revenues for 2013/2014 are in my opinion low, perhaps not unexpected for a start-up enterprise, but I feel sure that further investment will be required to realise the true potential.
If MRI does require funding, how are they going to get it? They still have 75% of the loan stock to clear. Why?

Sorry to be negative, but this is how I see it.

[enshare] 12/10/2012 11:57

lots of new faces here today! i had another buy this morning and not showing
yet so suspect some games being played here.Possibly some big orders being
filled??

[cashstrapped] 12/10/2012 11:48

Who you calling silly??

I'm counting some spare cash while waiting for some significant movement in the share price that might get a lot of us to break even/profit.

Thanks for all your help with the notes problem btw - managed them with some selotape on the end of a skewer for future reference.

Anything happen while I was away?

CS

[moreforus] 12/10/2012 11:45

looks we have another new member of the crew....

are you in now mate?

[cashstrapped] 12/10/2012 11:43

Oddly enough the total is £178!!

[papal_pauper] 12/10/2012 11:43

cashstrapped it is probably as silly as 'investors'/punters who buy into a stock with rubbish management who can't deliver in such a difficult and risky environment as South Africa

[moreforus] 12/10/2012 11:39

paying 0.178p now

lovely games eh!