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: Gcm by spotyplonka1
    Fri, 27 Feb 2015 18:32:00 GMT

    I can see pol looking perkier should 5.5 support become resistance from a potential drop to 4p, that would make a nice vanadium swing trade given that IO is going down another 25%...

    link By spotyplonka1
  • Re: Gcm by Orchard Gate
    Fri, 27 Feb 2015 14:29:00 GMT

    You sound as if you are beginning to despair, fortunatas. As Spight told us, you should chill out and be happy and she knows everything because she has done her research so there's no need for any further debate. Being happy is now mandatory, even if you have widdled your savings away on Polo shares.

    Polo - the investment company with a rather large hole in its investments. By Orchard Gate
  • Re: Gcm by kwpn
    Thu, 26 Feb 2015 10:26:00 GMT

    Not sure,which way it's heading,I suppose there was always a necessity for Barakpuria and Phulbari to be mined as an entity.Gob have examined easy option of cancelling licence and legality of it, so obviously if you bother looking at that aspect there must be a desire/intention to mine it.The question ,if this is the case?,will gcm form a consortium with the Chinese,sell the licence or will the Gob try to pay Gcm off for the least sum they can get away with.I suppose that if any of these outcomes prevail the success/failure is in the figures involved.The other outcome is the Gob do nothing and try to starve Gcm into liquidation,but even then the licence would still exist and be worth something There is the flip side,the Gob is building coal fired power stations,they need feeding to function--import? By kwpn
  • Re: Gcm by fortunatas
    Thu, 26 Feb 2015 09:42:00 GMT

    looks like some of the company's high risk investments are at risk from unwinding - this sp reflects this.

    You have to think about Tang's profile here: People in their early 40's often feel they can take significant risks and that time is on their side if it goes pear shaped, short term, but this is not just his money and he and that small band called POLO need to get that firmly in to their heads. I do not really care whether some of the investments were made before Tang took over, as they could have dumped these and moved on. By fortunatas
  • Gcm by kwpn
    Wed, 25 Feb 2015 22:06:00 GMT

    Article re validity of licence prompting discussion on gcm him board. link By kwpn
  • Dead duck by Philbot44
    Wed, 25 Feb 2015 20:57:00 GMT

    Another one of my failed investments why o why did I not get out of this 2-3 years ago.

    Been better pi-ss-ing this money all down the toilet as I suspect that is what others have been doing with it. By Philbot44
  • Blackham Presentation by kwpn
    Tue, 24 Feb 2015 23:43:00 GMT

    Interesting read Blackham Sp on rise. link By kwpn
  • Re: WTI Some Facts by spotyplonka1
    Mon, 23 Feb 2015 12:49:00 GMT

    You also don't agree that polo is a 'badly run basket case'. As I think EVERYONE here agrees it is badly run, I'll assume it is the 'basket case' part with which you disagree.

    i don't think pol is badly run. i just think the strategy to meet on corrupt peopl's wavelength without TOO MUCH dilution is bit passive and legal.

    pol could rise above institutions an operate like a good spectre in james bond movies

    link By spotyplonka1
  • Re: WTI Some Facts by Orchard Gate
    Mon, 23 Feb 2015 09:06:00 GMT

    "Why don't you answer my more pertinent question about WTI in my previous post?" Which was? I can't find it.

    I can see you struggle with logical though processes. Let me help you: you have said we don't know for certain that WTI shares are worthless and I have agreed with you, there is no absolute certainty but we can throw light on your statement by getting you to answer the question, what would you bid for shares in WTI today. Although you refuse to answer, I think we know that's because you know you'd be forced to say 'nothing' or 'next to nothing' thereby illustrating that while it is not certain, the best judgement is that they are indeed worthless as most of its shareholders appear to believe too..

    You also don't agree that polo is a 'badly run basket case'. As I think EVERYONE here agrees it is badly run, I'll assume it is the 'basket case' part with which you disagree. Given Polo (a) boasts its goal is to provide investors with a lower risk exposure to the extractive industries and (b) has massively underperformed the sector which term would you prefer? Or do you claim it's done okay in a tough sector, in which case I'm afraid you're either incredibly deluded or you're simply trying to delude others

    In three years shares in Polo have fallen by 86% (23 Feb 2012 to 5.75p today; over the same period the FTSE sector has fallen 34%. If you'd invested in a sector tracker at the start of that period you'd today have over four times as much money than if you had invested the same sum in Polo. Therefore 'basket case' or 'dud' or 'turkey', or 'stinker' are all fair labels.

    If you disagree with that perhaps try and say why, if that's not too much to expect on a discussion board. Or are you now admitting that you have no lines or argument left? By Orchard Gate
  • Re: WTI Some Facts by ICB888
    Sun, 22 Feb 2015 23:43:00 GMT

    My only exposure to WTI is via Polo. Why don't you answer my more pertinent question about WTI in my previous post?
    Your question is pointless as at present while the share is suspended no one even you has the information needed to make a decsion. You really have a problem with your hindsight based questions.
    Well it's getting late and as you are so keen on questions
    Have you stopped beating your wife yet? Just to keep it simple for you Yes or No are the options.
    My apologies to Turkeyminder as he is of course right that I shouldn't engage. By ICB888
  • Re: WTI Some Facts by Orchard Gate
    Sun, 22 Feb 2015 22:46:00 GMT

    And if you want to dispute my suggestion that shares in WTI are pretty more worthless, then for the fourth time of asking, how much will you pay for some in size? You keep bellyaching but you also refuse to answer a simple question. So how much is your bid? By Orchard Gate
  • Re: WTI Some Facts by Orchard Gate
    Sun, 22 Feb 2015 22:42:00 GMT

    "He may think that a company with an Audited NAV of 27.2p per share and has more cash than it current sp is a basket case. I however don't agree".

    Meanwhile back on Planet Earth .... By Orchard Gate
  • Re: WTI Some Facts by ICB888
    Sun, 22 Feb 2015 18:18:00 GMT

    Again OC is making childish comments in his usual playground hurling insults style.
    "Polo is a badly run basket case" he taunts.
    He may think that a company with an Audited NAV of 27.2p per share and has more cash than it current sp is a basket case. I however don't agree. investment trusts often trade at substantial discounts to their NAV but they regularly RNS their NAV's to the market because that is a major factor against which they are measured.
    He is also back on his old tack of mentioning Naibu and insinuations of Fraud. If he wants to accuse Polo of fraud why doesn't he say so,provide the evidence and report it to the Police?
    But then comes an interesting comment "but then almost by chance I saw a post he made."
    "Almost by chance"! How do you come across one of my posts almost by chance.
    Perhaps you would like to tell the BB how that came about. The fact is you have only found it by reading all my posts and you had to go all the way back to 2011 before you felt you had found one to take a pop at me. I hope you enjoyed all the others.
    If we are talking 2011 don't forget to tell everyone about the large special dividend that was paid when Polo received £100 million from the sale of Caledon.
    All your posts rely on the benefit of hindsight and therefore your 3rd time of asking question about WTI shares is totally the wrong question. The question you should answer is what was wrong with the decsion to invest in WTI at the time that decision was made. 2 major II's and the contractor working on the project had already made substantial investments so wby was Tang's investment so wrong? By ICB888
  • Re: Weatherley by Orchard Gate
    Sat, 21 Feb 2015 16:46:00 GMT

    Sound a bit like the 'proof' we were offered on the Naibu board 2 months ago that the company could not be a fraud because, look here's a photograph of one of the 3,500 stores they claimed to own.

    Sorry to sound cynical but you will have note that most of the WTI investors who post here, many of whom were very bullish until a few days ago, appear to accept that their shares are now valueless.

    Could be wrong of course but for the third time of asking, how much will anyone bid for a stack of WTI shares? Answer: nowt. By Orchard Gate
  • Re: Weatherley by kwpn
    Sat, 21 Feb 2015 15:34:00 GMT

    Should read 16/2/15 By kwpn
  • NAV by 50glass
    Fri, 27 Feb 2015 15:52:09 GMT

    In the latest annual results announcement, the NAV is stated as: "Net Asset Value per share as at 12th December 2014 was approximately 27.2 pence per share." So in the absence of any subsequent it appears that it is still of that magnitude albeit that I suspect it might be closer to 21 pence per share. Why am I to be kept informed by the Board; I'm just a shareholder.
  • NAV by 50glass
    Fri, 27 Feb 2015 15:45:54 GMT

    In an RNS issued on 4 Oct 2013 it was announced: "The Company also announces that, following a review, the Company will only announce its Net Asset Value twice each year with its annual and interim results but will make update announcements at other times if events occur which have a significant impact on the Company’s investments."
  • NAV by 50glass
    Fri, 27 Feb 2015 09:28:04 GMT

    Blackham, at today's market cap. of A$24.90m, is worth 0.49p* per Polo share. Therefore there will have to be an apprteciable increase in the market cap. to have any material effect on Polo's NAV. * A$24.90m*10.65% (Polo share of equity) / 276,940,309 (Polo shares in issue) / 1.97 (A$:£ exchange rate).
  • Blk by Masterbaker
    Fri, 27 Feb 2015 08:20:34 GMT

    link

    link

  • Share spike. by GedW
    Thu, 26 Feb 2015 16:00:25 GMT

    Share price has just spiked on the ASK 6.23 +0.53 (9.30%) Real-time: 3:58pm GMT LON real-time data - Disclaimer Currency in GBX unless noted Range 5.40 - 6.24 52 week 5.40 - 20.75 Open 6.24 Vol / Avg. 402,898.00/428,564.00 Mkt cap 17.08M* P/E
  • Abacus broken by mcco
    Wed, 25 Feb 2015 11:34:04 GMT

    Quite agree with Drew. Price determined by one trade of 25 shares at 8 o'clock this morning. Value £1.56! And this becomes a stastistic
  • Gcm.....posted by Ss by Masterbaker
    Wed, 25 Feb 2015 10:09:04 GMT

    link

  • Abacus broken? by Drew57
    Wed, 25 Feb 2015 09:40:37 GMT

    Got to love LSE. Bid 5.42 Ask 5.75 Therefore SP = 6.24 up 10.25% lol 1/10 for sums - see headmaster
  • Another BLK presentation by Masterbaker
    Wed, 25 Feb 2015 08:08:40 GMT

    link

  • RE: reiterate NAV by PuksBack
    Tue, 24 Feb 2015 14:03:14 GMT

    Absolutely nothing, clearly....
  • reiterate NAV by bakky
    Tue, 24 Feb 2015 13:09:38 GMT

    what good would that do?
  • SP by PuksBack
    Tue, 24 Feb 2015 10:13:14 GMT

    How much further can this dog drop without some action from the company? The last communication I had from them (Yes, I did get one !!!) was over 6 months ago and stated "management are also dissapointed with the SP". Well as the price is now significantly less than then they are presumably now devastated by it? Why have they not released an RNS to reiterate the NAV?
  • Going to P on my own parade by Masterbaker
    Mon, 23 Feb 2015 09:12:10 GMT

    gold has been steadily dropping.
  • RE: BLK, Report by Masterbaker
    Mon, 23 Feb 2015 08:15:09 GMT

    Seems like the aussies liked the report as well, good volume and up >19%.

    link

  • W/end........ O/T by Masterbaker
    Sat, 21 Feb 2015 22:18:42 GMT

    watched time team this week. On one of the shows, tony robinson says, " l'm off to kates trench, where's there's a mystery there's no bronze on her mound ". Are we talking vajazzle theft?