Watermark Global Share Discussion Threads

[mine cap] 16/10/2012 13:23

Worth reminding what they said on 17th september


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.

[allesandro] 16/10/2012 12:28

it was only 1m but will be adding more

[reutersman] 16/10/2012 12:13

minecap,would not rule out a bruce rowan involvement here especially trading
at such a huge discount to its net value.I would think more likely to be
tiger resource finance rather than starvest?

[moreforus] 16/10/2012 11:01

red???

what happened?

who dumped?

[enshare] 16/10/2012 10:39

allesandro leave some for us ! lol

[allesandro] 16/10/2012 10:14

Have added more this morning :-]

[reutersman] 16/10/2012 09:57

minecap,very interesting post on bruce rowan and private equity in SA.

[mine cap] 16/10/2012 09:30

Nemo i cant say for certain but i have seen a number of bits and pieces that suggest this could be the case.In South africa there are a number of well
established business familys that own vast commercial empires and large tracts
of land that seem very well connected in the global business world - ie they
have fingers in lots of pies.Im sure if someone done some extensive digging
they could find the exact relationships involved here.

Bruce Rowan is a very sharp cookie from what i see.

[enshare] 16/10/2012 09:13

mine cap if that is true it could be very handy for worldwide briquette sales
to have a major shipping magnate onboard :->

[mine cap] 16/10/2012 09:02

moreforus there are some details around on this and think someone posted the
info last week either on here or an another forum.All i remember is the
business family that own the briquette plant and i think also a transportation
& shipping company have been connected with bruce rowan over many years.If i
come across the exact details i will paste it up.Thought it was of interest
though.

[moreforus] 16/10/2012 08:54

care to expand in the details??

[mine cap] 16/10/2012 08:52

There was talk of Bruce Rowan taking a stake here last week via one of his
investment vehicles,apparently he is closely connected with the owners of
the coal briquetting plant.

[moreforus] 16/10/2012 08:47

the next??

I dont think there's been one for years!!

the buyers are simply pi's who like the risk and the story hopefully having read all the available information out there...!

[reutersman] 16/10/2012 08:45

moreforus,i still think a big buyer has been lurking here and been helped.

Next holdings RNS may shed some light on this

[moreforus] 16/10/2012 08:34

2.3999 mill buys so far.....

[enshare] 16/10/2012 08:28

nemo the fun has not started here yet IMVHO massively undervalued

[mine cap] 16/10/2012 08:23

morning moreforus

[moreforus] 16/10/2012 08:14

early nibblers by the looks of it

[reutersman] 16/10/2012 08:11

morning all,lets see what today brings :-)

[mine cap] 15/10/2012 22:06

enshare i would be very suprised if they do not release an update before mid
next week but my hunch is this week.We know from the 17th september update
that they are ahead of schedule compared to previous timeline.