RE: Thanks Chelski23 Sep 2009 21:46
Net cash stood at £1.8 million at the 30th June 2009, a 170% improvement on the £651,000 held a year earlier.
Watermark is looking to offer an efficient, self-sustaining and environmentally friendly solution to the problem of Acid Mine Drainage in the South African’s Witwatersrand basins. Legislation ensures the clean-up opportunity will endure in perpetuity, and thus the company is working hard to establish itself as the provider of choice. Watermark represents a diversification opportunity for ethical and non-ethical investors alike and, at a current price of 0.75p; GECR recommends the stock as a speculative buy with 3.5p target price.
I rest my case, m'lud!! Sorry to be long winded, but yes, I'm in as I think that the Feasibility Study and the Environmental Impact Assement will be in soon. Then the sign up with Rand Water and on we go. I'm sure there will be dilution when money is raised but even short term I can really see 3p very easily.
So Norbert, why do you think I'm wrong??????
Mrs T
;-))