AIM Soiree Butler Polo Resources POL.L

Polo ResourcesPolo Resources Limited (AIM and TSX: POL) is a globally focused natural resources and mine development investment company. We select, acquire and manage substantial investments in companies and projects with strong value enhancement potential and attractive growth prospects, and utilise this ability to deliver value-adding returns.
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  • Re: Next RNS by Orchard Gate
    Fri, 27 Mar 2015 15:17:00 GMT

    The scam continues. With a number of its investments in serious trouble and two of its shareholdings suspended (one of which appears to have nil value they expect shareholders to believe that the net asset value has gone UP.

    And Tang says "However, our emphasis on gathering research and technical assessments in shortlisting sound investment opportunities enables the Company to hedge its risk and offer investors a more balanced exposure to the metals, mining and energy sectors." which is a sick joke, given how the company's shares have hugely underperformed the sector. That "We've done our research sounds a bit like Spight, with similar mirth resulting (unless you own shares in Polo of course)

    As for having someone proof read their announcements, isn't that one of the things one expects a Nomad to do? Ah but we're talking about Zai, which recently agreed to be Nomad to Naibu (an other Simon Thompson special) even though it was a fraud and was exposed as such just a few weeks later. By Orchard Gate
  • Re: Next RNS by spotyplonka1
    Fri, 27 Mar 2015 14:39:00 GMT

    China has stopped more overtime, reduced calorie intake, back to one child/zero child policy, Africa lazy to feed itself, welfare state world over not supporting career mums, apple moving into high margin, low volume products.(attempts to redefine luxury takes on PM sector lol)...population implosion... Less demand for food, less weddings (as polygamy families make do with less and live in multi generation sardine cans..subsidise fuel bills with body warmth... traditional courtship rituals thing of past (cubic zircona ring, kebab and beer does just fine) driving test made harder and harder to pass- less cars on road....ev re charge cable to off road parking not long enough, trip hazzard, latest smart phone more desirable than bling

    Therefore 4p pls... By spotyplonka1
  • Re: Next RNS by spotyplonka1
    Fri, 27 Mar 2015 14:22:00 GMT

    ....However, our emphasis on gathering research and technical assessments in shortlisting sound investment opportunities enables the Company to hedge its risk and offer investors a more balanced exposure to the metals, mining and energy sectors."

    Its blatently obvious, Mr T, sees Pol as a passive investment vehicle. And will uses Pols cash for his consultancy services as he splits his time from his other proactive obligations -see advfn m tang credentials.

    Zzzzz By spotyplonka1
  • Re: Next RNS by Wordbodger
    Fri, 27 Mar 2015 13:36:00 GMT

    Not a bad response from the market.

    From an outside perspective the problem at Celamin does not seem insurmountable, Sierra Leone may be in the last stage of its Ebola outbreak - although it may not be the last - and Blackham should benefit from lower international energy prices.

    What may be good for Weatherley, Nimini and Blackham may be less welcome for Signet, Equus and GCM, of course, but there doesn't seem much built into Polo's sp on account of GCM anyway. (The good news there is that perhaps it won't preoccupy Michael Tang so much going forward.) Poor time to be trying to sell Signet, but Wentworth Resources have trailed the likely start of Mnazi Bay gas shipments next month, which should attract interest.

    Michael might employ the services of a good proof reader

    Not quite ready to buy back in, but watching with a little more interest. Good luck all. By Wordbodger
  • Re: Next RNS by spotyplonka1
    Fri, 27 Mar 2015 13:33:00 GMT

    Nice, Tang would make an excellent politician.
    Gla. By spotyplonka1
  • Re: Next RNS by alpal
    Fri, 27 Mar 2015 08:25:00 GMT

    Now we have the interim results which can be summarised by Tang's statement:

    "It's just as well there was lots of cash in Polo when I came as I have managed to waste a lot of it. I have taken a complete guess as to the NAV as two of my recent unfortunate splurges have had their quotations suspended [Celemin and Weatherly]. Shareholders should note that the cash in the company is for me to waste and will not be returned to shareholders." By alpal
  • Re: Next RNS by Orchard Gate
    Wed, 25 Mar 2015 13:31:00 GMT

    Yes, Polo has proved to be a very poor investment, hasn't it and it has also made some very poor investments. In that regard the company and its shareholders have a lot in common - both have made dumb investments but as Polo is meant to be an investment company it probably has less excuses than its shareholders, many of whom must be very disappointed, although I know Spight will say a falling share price is a growing opportunity, so she must be hoping it grows even bigger and falls to zero. But then the words blade box and sharpest spring to mind.

    Zero is not too far away now. By Orchard Gate
  • Re: Next RNS by alpal
    Tue, 24 Mar 2015 10:19:00 GMT

    The RNS may be difficult given the current status of commodities but the major difficulty is the incompetence of the management. Tang has done absolutely nothing with the assets he took over and his recent investments have ended in legal disputes. By alpal
  • Next RNS by next-time-lucky
    Tue, 24 Mar 2015 09:47:00 GMT

    Well based on history the next RNS due around 10 April will be announcing the H1 figures; most probably with update and or comment on the status of the 2 suspensions. Lets hope for good news and some viewpoint of direction??!! Difficult given the current status of commodities. By next-time-lucky
  • Re: weatherley rns by Orchard Gate
    Wed, 18 Mar 2015 19:48:00 GMT

    So if I might repeat the question I have now asked about 8 times of those who rejected my suggestion that shares in WTI are valueless, how much would you now bid me for a substantial line?

    Simple question. BS talks, £ walks so let's hear their bid, absent which they are obviously agreeing with me that the current approximate value is a big fat zero.

    As car crash entertainment, Polo is the share which keeps on giving. By Orchard Gate
  • Re: weatherley rns by next-time-lucky
    Wed, 18 Mar 2015 13:49:00 GMT

    Well it never rains but it .Based on the 10 year chart there was only prior to 2006 and a 3 month period 2008/2009 that the copper price was so low. If we believe the story that all commodities are overpriced, then Weatherley is doomed. My viewpoint is that the general break even point has been reached for most commodities, even oil. YET we seem to be faced with a NO growth. The maths are not stacking up so IMHO we are at the end of a short squeeze on prices that has overshot. Copper is on the way back up. DYOR
    By next-time-lucky
  • weatherley rns by kwpn
    Wed, 18 Mar 2015 12:34:00 GMT

    link By kwpn
  • Re: Cnl update by next-time-lucky
    Wed, 18 Mar 2015 09:01:00 GMT

    Not unexpected, since the change by the "Arab Spring" since 2011, many countries are -re-examining the commercial agreements, see the article in my previous comments 6th March and referenced article.

    It is disappointing that we are involved in negotiation with the Tunisian government organisation BUT if the country wants income, jobs and external investment it will need to encourage risk with the associated reward.

    Secondly in a JV, the partners need to put their share of the capital risk on the table. Looking at the economics of Tunisia it needs the business and potentially has not got the capital. By next-time-lucky
  • Re: Cnl update by alpal
    Wed, 18 Mar 2015 08:19:00 GMT

    Yet another 'brilliant' investment by Tang.
    As with Blackham, we are barely invested before facing a legal battle. By alpal
  • Cnl update by SecModEd
    Wed, 18 Mar 2015 07:03:00 GMT

    link By SecModEd
  • CNL, by Masterbaker
    Sun, 29 Mar 2015 21:51:55 GMT


  • Hugely undervalued. by jollygoodya
    Fri, 27 Mar 2015 11:13:38 GMT

    Am in since 30p :( Adding my holding.
  • Great News.... by Watchouse
    Fri, 27 Mar 2015 11:02:06 GMT up £30 so far today. Whoop, Woop!
  • Polo Resources Still undervalued by TexasGold
    Fri, 27 Mar 2015 10:47:56 GMT

    They're still trading under the value that they have in cash. Essentially giving all it's investments for free. Once sentiment returns in commodes this should go up to around 20-22p. Possibly even higher. I'm a long term holder and will continue to do so until the true value of Polo is realised.
  • Finally by jollygoodya
    Fri, 27 Mar 2015 10:31:06 GMT

    moving and market noting potential and existing value!!
  • Ask up 23% by GedW
    Fri, 27 Mar 2015 10:18:03 GMT

    That still undervalues POL on the sum parts of its businesses.
  • Have taken a position here by smudgedan
    Fri, 27 Mar 2015 08:19:20 GMT

    this morning.
  • RE: Great Interims. by 50glass
    Fri, 27 Mar 2015 08:12:18 GMT

    There does not appear to be a detailed breakdown of the NAV. Values are quoted for the largest three holdings, so leaving the value that the Board has allocated to each of the other investments open to uncertainty.
  • RE: Great Interims. by GedW
    Fri, 27 Mar 2015 07:16:36 GMT

    Michael Tang, Executive Chairman of Polo, said: "We were very fortunate to be heading into this period with a healthy balance sheet, significantly strengthened by cash reserves from our oil and gas investments, which has enabled us to expand our interests in the copper and phosphate sectors. "In the near term, we will continue looking to grow our portfolio following our strategy to support near-term producers with proven resources, professional management teams and inherent upside potential. However, we are mindful that operating in developing countries could expose us to unforeseen events beyond our control, such as political instability and the recent Ebola crisis. "However, our emphasis on gathering research and technical assessments in shortlisting sound investment opportunities enables the Company to hedge its risk and offer investors a more balanced exposure to the metals, mining and energy sectors."
  • Great Interims. by GedW
    Fri, 27 Mar 2015 07:13:24 GMT

    Financial Highlights · Total Net Assets of US$114.3 million as of 25 March 2015 (31 December 2014: US$117.0 million). · Net Asset Value per share as at 25 March 2015 was approximately 27.7 pence per share (31 December 2014: 27.2 pence per share).


  • RE: Interims by PuksBack
    Tue, 24 Mar 2015 15:50:29 GMT

    lol - apologies to the board - I am afraid that comment from Colbaltblue was aimed at me. He doesn't like my view over on PXS (another basket case) so he comes over here with his IMHO DYOR Strong Sell. Colby - you are probably right and wish I had sold out months ago. I just don't cry about someones view like you do.... lol By the way - I hold here and I am rubbishing my own holding !!!! lol
  • RE: Interims by colbaltblue
    Tue, 24 Mar 2015 14:20:53 GMT

    Doesn't bode well! Time to sell IMHO. DYOR.
  • RE: Rather disappointing! by Carolinear
    Tue, 24 Mar 2015 11:46:11 GMT

    While Tang has been at the helm he personally is down much more than me, in both absolute and % terms. But that still doesn't make me feel any better.
  • Interims by mcco
    Tue, 24 Mar 2015 10:53:01 GMT

    Still no sign of the Interims. Last year they were published on 10th March
  • RE: Rather disappointing by PuksBack
    Tue, 24 Mar 2015 07:46:02 GMT

    You are a million times better at explaining yourself than Tang is !!!!!