Watermark Global Share Discussion Threads

[fatfish] 12/3/2013 11:47

anyone out there

[ceo_illuminati] 26/2/2013 19:10

Again.....

[ceo_illuminati] 13/2/2013 22:11

Edited yet again... when will it end?!

[ceo_illuminati] 12/2/2013 19:55

Edited again....

[godolphin] 30/1/2013 11:34

I guess everyone sold out when the news came out 7 DAYS AGO in SA!


They need to synchronise a bit better.

[gnnmartin] 30/1/2013 11:11

Update to briquetting project. Delayed startup: "commissioning will commence in April 2013 with full production of the briquetting project commencing in June 2013", plus cost over-run. Disappointing.
Nigel Martin

[tburns] 16/1/2013 12:35

I read it the latter Pilot, lets see where the shares are in April

[marcelin] 16/1/2013 10:37

FOUND THIS GUYS, HAVE A GO:
Watermark signed a loan agreement with Trinity Asset Management (Pty) Ltd (“TAM”) as part of the capital raising process when listing MRI in June 2012. Under the loan agreement, TAM agreed to place approximately 105 million MRI shares by 12 September 2012 in order to repay the loan. Watermark also had the option of taking ownership of any of the MRI shares not placed by 12 September 2012 or to sell them. Should Watermark sell the shares at a value of more than R0.20 per share, Watermark would receive 50% of the additional value.

This agreement was extended to 12 January 2013 and in view of the fact that MRI shares continue to trade at a premium to their issue price, the placement date for the balance of the shares has been extended to 12 April 2013 again with interest accruing at 2% above prime rate in South Africa. Your Board continues to believe in the value of ownership of MRI shares which they consider undervalued. In view of the prospects of MRI and the price at which MRI shares are trading the Watermark Board will keep the position regarding the remaining MRI shares under review. A further update will be provided as appropriate.

In terms of Operations at MRI, the DWA recently requested interested parties to submit their proposals for the long term solution to treatment of AMD arising in the Western, Central and Eastern Basins by 31 January 2013 and this MRI fully intends to do through its wholly owned subsidary, Western Utilities Corporation.

As regards their briquetting project, we believe MRI will be providing an update later this month.

[pitot_heat] 16/1/2013 10:23

2 ways you can read it for me, they are struggling to shift the remaining mri shares or they are sitting on their hands accruing the interest and 50% profits on placing them above set price.

Nice to hear an update from mri this month. Short term mover perhaps with the right update from mri?

[tburns] 16/1/2013 10:17

Nice RNS this morning, with briquitting update by end of Jan due, upwards from here me thinks

[pitot_heat] 15/1/2013 20:27

Possible the 10.5m was unplaced shares and that Wet have taken ownership of them. I would like the Bod to communicate a bit on the placing as the maturity date has passed.

[doodle1] 15/1/2013 16:35

10.5m delayed BUY in MRI - interesting

[doodle1] 15/1/2013 14:26

saying within 24hrs on LSE, somebody been told?

[marcelin] 15/1/2013 13:35

they have to name of this share, kept missing deadlines and not a lot happening.

[doodle1] 15/1/2013 12:08

another reporting deadline missed I believe...does not bode well

[induna123] 15/1/2013 12:00

Heavy selling this morning. What's going on?

[pifedayo] 14/1/2013 12:31

The presentation date is there for all to see in the filename - 30 July 2012

[pitot_heat] 13/1/2013 19:34

Knowing how slow WUC management are I wouldn't bank on it. Project economics are IMO v important to helping to value this company as I've a feeling the stock market can't really put a value on it as, like us, it doesn't really no where we stand.Would be nice to see a low cash burn and successful sale of the MRI placing shares. Can but dream...