Watermark Global Share Discussion Threads

[pitot_heat] 05/6/2013 09:38

Watching, not holding any more .252 nav but constant delays with MRI. Also are they going to keep rolling over monies owed to further and further dates in the future. Seems MRI doesn't have the cash to pay for the entire purchase of WUC without starting bruquetting production. One to keep an eye on over the next few months but far too many question marks at present. All IMO

[dh180] 04/6/2013 22:17

Anyone still here?What's the thoughts on the news today?

[gnnmartin] 17/5/2013 16:13

trading, godolphin thanks.

[theuniversal] 17/5/2013 14:30

thanks godolphin

[godolphin] 17/5/2013 10:55

(click on MINERESI at the bottom of list)


2.Update on completion of the briquetting project


It is expected that the commercial commissioning of the
project will commence in July 2013, with full production
commencing in September 2013.

The reasons for the delay are as follow:

2.1 Excessive rainfall in the months of February 2013 to
April 2013 has hindered safe working on the site and the
mine area was being inaccessible for heavy duty
transport.
2.2 Suitable local mobile machinery was not available in
order to reduce costs.

2.3 The civil work was delayed because all of the safety and
medical inductions needed to be completed again to create
a new system of safety documentation acceptable so that
the subcontractor could go onto site.

2.4 Due to the nature of the fill area, longer excavation was
required to be performed and larger amounts of waste
needed to be removed.

Despite the delays, management is still optimistic about the
project and when it will go into commercial operation.
Revenues generated from this project will be used to further
capitalise the Company and invest and grow the business.
The Company is continuously evaluating various projects for
implementation of the technology.

[theuniversal] 17/5/2013 10:51

trading now cant seem to get the web page for this link can you copy and paste the artical it in here, if at all possible.

[marty421] 16/5/2013 07:29

I'm not a fan of pestering BODs, distracting them from adding share value, however in this case a respectful protest may be in order, as suggested over on LSE (thanks grimsdale and crew). I have been invested here, like others, for years and watched whilst infrequent and poor quality updates are squeezed out of wet almost against their will. They may find it easy to have patience waiting for the payoff however they are better informed than us poor shareholders. I'm sorry but it's time for these guys to make good on their promise to do their best to increase share value. :-(

[fatfish] 08/5/2013 11:06

sp seems to be getting lower

[theuniversal] 22/4/2013 18:49

wow richard tait cv seems impressive, could this be leading us into another direction?

[v2coolg] 22/4/2013 14:34

MRI BOARD CHANGE

[marty421] 12/4/2013 12:57

Thanks Colin.The key to making money in stocks is not to get scared out of them.

[colinmc1971] 12/4/2013 11:31

Just another delay. Trust me, you get used to them here.This will probably drop off to 0.1 given the delay, which offers an excellent entry level or a good opportunity to average down.This will come good, in time. I certainly wouldn't be selling at a loss here, the business is there, albeit very slowly.

[marty421] 12/4/2013 11:17

RNS as you expected Colin. So disheartening. Just tried to sell some the bid was 0.9. Can't help being fed up with this share.

[marty421] 11/4/2013 15:33

Yeah Colin, great info so thanks again

[willie33] 11/4/2013 15:01

Thank you Colin for info. Good luck to all.

[colinmc1971] 11/4/2013 12:02

News flow around this share has always been limited, to be fair to WET this has not always been their fault and was due to the lack of activity and decision making within the SA Govt, however they have played their part in the decline. Everyone looks at this share and sees the time it went over 1p a few years back and look for it to return to these levels. What they forget is it went to this level due to huge and imminent prospects of achieving contracts around AMD which at the time never happened, which caused this share to plummet overnight back to 0.5 and then gradually back to current levels.Within this time WET has consolidated it's business, has sold its main asset WUC while maintaining an outside interest in this and alongside MRI its position has changed.IMO this share has good prospects ongoing with future business established through MRI dealings. It is also currently extremely undervalued at its current price and represents an excellent investment opportunity with substantial returns possible for investors.I agree support is waning however this is due to people looking for other investment opportunities that are more imminent and requiring cash for this. When solid news flow comes here, as we have seen in the past, this share will be heavily invested and should increase significantly from current levels. IMO for a new investor here, this ain't gonna go any lower than 0.1 and from this level you could easily double or triple your initial investment (if not more) over the coming months, with little or no chance of any losses as long as you keep a close eye on news flow.If AMD contacts are granted 1p plus is back on the cards.GLA.

[willie33] 11/4/2013 09:04

Thanks Colin for your opinion, Glad to see there are still some investors, but looks like interest is waning.

[marty421] 10/4/2013 19:40

Thanks Colin, your opinion is much appreciated