Watermark Global Share Discussion Threads

[sammy g] 11/11/2012 11:13

minecap,looking at the timelines in various statements i am expecting an
update on the briquetting project shortly.




Mine Cap 10 Nov'12 - 13:31 - 299 of 301

Guys was just looking through the statement (business update) from september
and found this which looks interesting.


"The implementation of MRIs 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."

[shaun09] 10/11/2012 14:55

enshare...it certainly has a good chance imvho

[eddie jackson] 10/11/2012 14:06

Bought in here last week :-)

[mine cap] 10/11/2012 13:31

Guys was just looking through the statement (business update) from september
and found this which looks interesting.


"The implementation of MRIs 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."

[enshare] 10/11/2012 12:28

So we are talking quite a few :-> coming

[shaun09] 10/11/2012 12:22

enshare...it is well possible and i think there will be some major newsflow here
starting next week. WET has a current NAV of 0.36p+ so actually a 100% discount
now for those buying in :-)

[enshare] 10/11/2012 12:15

shaun09 i predict this will move back to 0.40p - 0.50p before end of year

[reutersman] 10/11/2012 10:48

shaun, i had another look through the MRI documents and found a few things on
their coal briquette project that stood out.Firstly they are projecting a net
profit per tonne of 150% after all costs and will be instant revenues.
And secondly on the ten year financial model they produced for project it shows
steady profitabilty under all scenarios.

I think this project could well far exceed even their own forecasts,when you
consider that coal mines are now being forced to reduce their tailings / fines
levels under various governmental and also UN legislation. Quite a clever idea
to use this waste ( which is one of the causes of AMD ) and not only remove it
but turn it into a clean burning fuel.

[shaun09] 09/11/2012 21:19

fatfish yes posted earlier but worth another look i think,if they are expecting
to rollout the project during december they could well issue an update this week
in my opinion.

Make no mistake if as they have hinted they have cracked the tech on this fuel it will be a potentially huge global business with a large demand in africa alone.

[fatfish] 09/11/2012 19:03

shaun it was posted at 12 ish :-)

[sammy g] 09/11/2012 16:36

shaun / minecap,i think you both may be right on news next week so will be
watching closely.

[shaun09] 09/11/2012 16:25

sammy,,i make the current nav here around 0.36p so any further good news may
see a very tasty bounce on the cards IMVHO

[mine cap] 09/11/2012 16:18

sammyG i would be very suprised if no Rns next week on the coal.

[sammy g] 09/11/2012 16:12

shaun09,i think they will put an update out next week on that coal project.

[shaun09] 09/11/2012 15:48

From business update in september

"The implementation of MRIs 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."

[shaun09] 09/11/2012 15:45

Have a feeling next week will be very lively here :-)update from mri due on
pilot coal project.

[mine cap] 09/11/2012 15:25

fatfish,its a 1m buy limit with my broker but they will take all my 6.5m off
me on a ordinary trade,kind of suggests that this will be in play next week.

[fatfish] 09/11/2012 15:17

can still buy 1.526m if i had more dosh in my account mabe i could get more

[mine cap] 09/11/2012 15:11

fatfish the buy limit is now 1m but on level 2 its now 5 v 1 so could indicate
some order filling.

[reutersman] 09/11/2012 14:13

fatfish, that is still a fairly low limit on this share and its just a hunch
but i think this could be abit tasty next week.I just checked my quotes again
and being offered up to 750k buy limit on one and 1.2m on the other broker so
could be a gap somewhere ??

[fatfish] 09/11/2012 14:06

Reuter
just did a dummy buy for 1.5 mill and a dummy sell for 3m could have done both

[reutersman] 09/11/2012 14:03

fatfish, they only quoting up to 750k on both brokers i use and real spread is
now tight too at 0.156p - 0.165p