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.

Polo Resources is trading above the moving 50 day average and above the moving 200 day average on above-average volume.
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  • Re: Bye Bye Mr Gutnick by Turkeyminder
    Tue, 02 Sep 2014 23:34:00 GMT

    Perhaps I'm a little old fashioned but I'm not impressed by openly racist comments or culturally based abuse - maybe I am starting to understand your abrasive / abusive approach on the iii boards - if you presume you are being funny... By Turkeyminder
  • Re: Bye Bye Mr Gutnick by Orchard Gate
    Tue, 02 Sep 2014 17:58:00 GMT

    "And your point is ...? "

    My point is that this is very, very funny, soap opera comedy. You do know funny, don't you turkeygrinder?

    OK - maybe not. By Orchard Gate
  • Re: Bye Bye Mr Gutnick by spotyplonka1
    Tue, 02 Sep 2014 17:56:00 GMT

    Business is business to make money and it reflects in the SP. 24 months is plenty of time to exercise prowess. Just 1 month to exercise plan B.

    51 months till next elections. By spotyplonka1
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  • Re: Bye Bye Mr Gutnick by okenia
    Tue, 02 Sep 2014 16:39:00 GMT

    Worth reading the BLK notice about the share sale (it's on ASX)

    "Blackham understands that the shares have been acquired by BBY Limited and will be allocated to parties known to the company and who share in the vision and strategy of the current Board.

    Blackham thanks Mr Gutnick for his contributions to and support of the Company over the last 18 months and welcomes to its share register shareholders committed to its strategy and future vision."

    Apart from the amusement value of the wording, it now begs the question of whether Polo are viewed as being friend or foe as a result of the Perfectus thing. By okenia
  • Re: Bye Bye Mr Gutnick by Turkeyminder
    Tue, 02 Sep 2014 15:38:00 GMT

    And your point is ...? By Turkeyminder
  • Re: Bye Bye Mr Gutnick by Orchard Gate
    Tue, 02 Sep 2014 13:40:00 GMT

    You couldn't make it up.

    An ultra Zionist crook (aren't they all?)
    "an ugly boardroom stoush" - struth, get in here Bruce there's an ugly stoush going on in my kitchen!
    the "Matilda gold project" waltzing nowhere
    "a running brawl" i.e. normal corporate behaviour in Aus

    Makes Neighbours look tame in comparison. Come to think of it, it probably was tame. But you get my point ... the comedy continues. Where's Simon Thompson when you need him? By Orchard Gate
  • Re: Bye Bye Mr Gutnick by Spight
    Tue, 02 Sep 2014 10:27:00 GMT


    Gutnick sells down Blackham stake

    Nick EvansThe West AustralianSeptember 2, 2014, 2:24 pm






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    Gutnick sells down Blackham stake
    Blackham Resources says it believes one-time WA gold king Joseph Gutnick has sold down his interest in the company, after Blackham and its former chairman settled an ugly boardroom stoush last week.

    Blackham said this morning it believed Mr Gutnick's privately held Mazil Pty Ltd sold 15.9 million Blackham shares to broking firm BBY, with the share package bound for further distribution to parties seen as friendly to the Blackham board.

    If Mr Gutnick sold at today's market price the stake would be worth $2.85 million.

    Mr Gutnick stepped down as a director of Blackham last week after settling a running brawl with the remainder of the board over allegations he had failed to make good on investment promises to Blackham through a convertible note deal. Mr Gutnick, in turn, had complained the company had failed to move quickly enough on the development of its Matilda gold project.

    The disagreement sparked legal action and duelling board spill motions from the warring camps, with the matter due to come to a head at a Blackham shareholder meeting today.

    Instead last week's peace deal saw the spill motions abandoned, with Blackham shareholders today approving other motions put to the meeting to approve Blackham's earlier capital raising initiatives.

    Blackham shares closed at 18¢ this afternoon, down 1¢.
    By Spight
  • Re: Bye Bye Mr Gutnick by spotyplonka1
    Tue, 02 Sep 2014 07:47:00 GMT

    has Tang taken out the billionaire gutnick? By spotyplonka1
  • Bye Bye Mr Gutnick by Turkeyminder
    Tue, 02 Sep 2014 05:52:00 GMT

    Looks as if he's totally thrown in the towel - having now sold his shares in BLK.

    Given the little i know (from internet searches) I am more than a little pleased that he has gone By Turkeyminder
  • BLK by Spight
    Mon, 01 Sep 2014 08:42:00 GMT

    link
    Good Morning all. By Spight
  • Re: Thank you /Misak /GCM by alpal
    Fri, 29 Aug 2014 09:48:00 GMT

    Spight: I so hope you are right on this but we have had so many false dawns....
    The GoB seems quite prepared to cut off the noses of its populace [by denying them reliable and economic electricity] merely to spite GCM. By alpal
  • Thank you /Misak /GCM by Spight
    Fri, 29 Aug 2014 06:33:00 GMT

    Yes, I have had a similar email which alluded to much the same as you have mentioned.

    I suspect we are at a delicate juncture at the moment and nothing dare be said apart from what we are seeing in the Bangla Press.

    A "full update" is promised which I dare say will tell us more than the usual "we are in discussion/presenting the project over the next twelve months"

    It will start with a polite sojourn after Phulbari Day, the OECD report which the BoD will then use to say "Aah, GCM, very reputable company", the IWM modelling study report release and the verification of open pit mining. At this point the 50,000 signatures will be presented and Hasina will gauge opinion before committing. GCM will then announce Interims at end of October and give us an update and way forward.

    We should maintain this price range for the next two weeks and I suspect we will be off to the races then By Spight
  • Re: Signet by next-time-lucky
    Fri, 29 Aug 2014 06:27:00 GMT

    No news yet, I also noticed the change in the web site, If recalled correctly; Spight managed to get some news last time. The issue is will there be an IPO and listing OR will it be sold off to a bigger player in Kazakhstan or as a portflio addition?? Equus is a profitable company and able to self finance expansion. By next-time-lucky
  • Re: Signet by okenia
    Thu, 28 Aug 2014 18:16:00 GMT

    Did you get any response from Equus? They don't seem to answer email and the website has now changed with no 'news' section. By okenia
  • Re: Signet by next-time-lucky
    Thu, 28 Aug 2014 16:59:00 GMT

    My vote has always been the coal and iron ore for long term growth, GCM is longer term than expected. I did contact Equus recently to see what progress has been made for the export licence. By next-time-lucky
  • RE: nimini gold project by Masterbaker
    Tue, 02 Sep 2014 07:33:38 GMT

    l think the silence answers your question, help yourself to milk and biscuits.
  • nimini gold project by Carolinear
    Sun, 31 Aug 2014 16:49:30 GMT

    Does anyone know what is happening with this? Polo has not mentioned this former wonder-project for a while.
  • RE: Re hello by Masterbaker
    Sun, 31 Aug 2014 08:34:49 GMT

    Yes biscuits as well, family assorted so as to encourage more visitors here. l'm well on the way to getting my full complement of shares back here. Shame l missed out on the real lows but happy with the price l'm getting them at. Thinking the OECD report may do something for GCM, thus us, so hoping that's a couple weeks away.
  • RE: Re hello by okenia
    Sat, 30 Aug 2014 19:21:31 GMT

    Biscuits would be nice too, thanks :)
  • Re hello by Masterbaker
    Sat, 30 Aug 2014 06:17:34 GMT

    Don't normally bother to correct my spelling mistakes, but todayshell ..= ..Shall
  • Hello by Masterbaker
    Sat, 30 Aug 2014 06:11:51 GMT

    Came in this morning to do a bit of dusting, seen we've had a couple of visitors. Shell leave some milk in the fridge. There's been a few thought provoking posts on GCM bb iii, from about thurs 21:03 .

    link

    Well l thought they were. Shows how sad my life is l guess.
  • RE: echo by okenia
    Fri, 29 Aug 2014 21:52:14 GMT

    Yup.
  • echo by jollyjake
    Fri, 29 Aug 2014 14:48:22 GMT

    hello any one there?
  • RE: Market commentary by Masterbaker
    Wed, 27 Aug 2014 20:05:18 GMT

    Bit like here, really. :-Q
  • RE: Market commentary by Masterbaker
    Tue, 26 Aug 2014 19:51:56 GMT

    Very lively share chat BB there.
  • Market commentary by okenia
    Tue, 26 Aug 2014 18:05:53 GMT

    From today's 1/2 year report fro BSRT (also junior resource focused). Obv most is company-specific but there was this general comment on the sector: "Equity markets for mining shares have been highly volatile in the first six months of 2014. Investor sentiment towards the mining industry has as ever been cyclical, however the investment team has experienced several bear cycles such as that encountered by the Company in the first four years of its existence. Although it appears that sentiment and therefore mining share ratings have "bottomed out", the timing of an upswing cannot be predicted but given the quality of the Company's assets, we believe that it is well positioned to benefit when markets recover."
  • Gutnick resigns by okenia
    Tue, 26 Aug 2014 10:29:02 GMT

    Boardroom battle at BLK resolved.

    link

    Next question, with Gutnick walking away, is whether we'll pick up the rest of Perfectus as he go. I suspect the answer will be yes (and possibly some others at the same time). You'll also note the ASX announcement from the previous day that implies that Nomura have just closed a large short position on BLK. Sorry can't post the text of the ASX announcement, PDF is locked.
  • RE: . by okenia
    Mon, 25 Aug 2014 10:13:27 GMT

    Very well thanks leonasdad Faith is a good word. Dattels had a very good reputation and many people (myself) invested in POL for that reason. It was often done behind closed doors, and not everything won, but overall he had a good touch. Dattels is gone but those investments he chose are still ticking over. Getting the initial deal is probably the key step, the rest is patience. To that end, if they are good then POL just needs a caretaker for them. Where Tang has a role is making new investments (celamin sounds dull but BLK is certainly not that) and adding value to a couple of others. GCM is where he has something to do, ditto BLK. If we look at the other investments, with many POL can just sit back and let them run. - Ironstone. Unlisted, seems very well run, will IPO at some point soon and we can choose what to do then. POL has little to do other than wait. - Equus. Small stake, again unlikely to be anything other than passive investment. - Signet - they are the driver of this, again POL hasn't done much except invest and wait, Signet and First Capital have handled the asset sales. Bottom line then is that the portfolio looks to be a selection of things that need very little input (Ironstone, Signet, Equus etc) and won't need much of Tang's time. There is one existing and one new investment that clearly are keeping him occupied (GCM and BLK). I think that's a reasonable balance between being a very active investor alongside a pool of good legacy investments that can largely look after themselves. The medium-term concern for me is whether Tang can do that critical thing Dattels did, which is to find new investments worth getting POL's teeth into. I'm not sure why the listed Celamin is such a good deal, but Blackham does look just the sort of thing Dattels would do, plenty of upside and loads of corporate stuff where POL can make a difference. We shall see. Certainly I'm holding both for the moment as we seen BLK/GCM/Ironstone/Signet mature, but I will certainly be keeping an eye out on the 'what comes next' issue.
  • RE: . by leonasdad
    Mon, 25 Aug 2014 09:02:23 GMT

    hi okenia, Long time no speak. Hope you are keeping well. Back to reality. You have made somewhat repeated references to having larger investment in Pol, and and smaller one in GCm (especially during the 16.25p days). Why have you so much faith in Datells portfolio, one which Tang is required to put minimal effort. I don't wish to mince words with you- but something does not seem right with what you are saying as Datells has bailed out and has enough with sitting on his hands. Why is M Tang active in GCM? Are you retorting to legal stuff? I hope so. Truely good tidings,
  • RE: . by okenia
    Mon, 25 Aug 2014 08:05:50 GMT

    The question is how much input Tang actually needs to give in order to unlock value. Signet will do what Signet wants, we are just a shareholder who receives the cheques. What you have for most of these then are wheels that were set spinning by Dattels and will continue to spin. The exceptions to this are Blackham (where Tang is very actively involved, for those of you following that bit of theatre), and GCM (where as GCM CEO he again is very active). It's interesting that both of these are cases where there is corporate/political/legal stuff taking place, ie just the sort of thing someone with his background would relish. For the record I hold both POL and GCM (small chunk of latter) although the latter isn't as much of a high-return value play now that it's bounced from 16p to 40p. Yes, I am that rare beast - a GCM shareholder sitting on a profit!!