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 below the moving 50 day average and below the moving 200 day average on above-average volume.
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  • Morning amigo by kipngail
    Thu, 24 Apr 2014 09:05:00 GMT

    Trust all is well ??? By kipngail
  • Re: Another Large Buy 700000 by David7015
    Thu, 24 Apr 2014 08:44:00 GMT

    Pitstock/Spight

    Would you by any chance have a spreadsheet showing the current cash postion following the Signet transaction and the subsequent trade investments?

    Polo have always had decent cash reserves which supported the share price. By David7015
  • Re: Another Large Buy 700000 by pitstok
    Thu, 24 Apr 2014 08:34:00 GMT

    At the time of trade the spread was 14.5/15.5 so lets just call it a transfer. It seems to me that a shifting of a major shareholding is taking place. Maybe the old fox is pulling out completely and why not, he's surely got better things to spend his time on now than waiting around for this old tortoise to climb. And it appears that someone is picking them up too, but not all of them and so the sp drops and drops. By design? The best of the best have the ability to push prices up as they sell large holdings and pull prices down as they acquire big positions and all the while the little pi scratches it's head and wonders w t f. Hold, buy or sell? My strategy is to buy a little here and there and try and catch a few towels as they're thrown into the ring in utter disgust. There is no limit to how low the sp can go except the big 0. But the chances are that it wont come to that and more likely it will bounce and maybe even change course completely. By pitstok
  • Re: Another Large Buy 700000 by Orchard Gate
    Thu, 24 Apr 2014 07:46:00 GMT

    All these big buy orders (but doesn't this just mean there are equally large sells?) and yet the shares are down a further 7% and now stand at close to one third of the supposed net asset value.

    Oh how the market underestimates the true worth of this wonderful little gem. By Orchard Gate
  • Another Large Buy 700000 by ICB888
    Thu, 24 Apr 2014 06:20:00 GMT

    Another large Buy of 700000 from 17th April was reported after hours yesterday. By ICB888
  • Re: Large Buy by Orchard Gate
    Wed, 23 Apr 2014 15:23:00 GMT

    I'm a LOT less good at that. Don't know why but it would seem to be a fact. So I buy a lot of trackers and the like and short the odd tiddler like Colt. By Orchard Gate
  • Re: Large Buy by alpal
    Wed, 23 Apr 2014 14:18:00 GMT

    OG: Do let me know of anything that you think might go UP. I need something to compensate for what I've lost on Polo. By alpal
  • Re: Large Buy by Orchard Gate
    Wed, 23 Apr 2014 13:48:00 GMT

    me too - I've no reason to wish for it to go donw but I have an almost 100% track record here of spotting shares which are likely to tank (got one wrong when it was taken over) -Vyke, AO World, Southern Cross, RIIG, Colt, etc. Oh and Polo, of course. Half of that list now rest in peace, so mind your eye. By Orchard Gate
  • Re: Large Buy by alpal
    Wed, 23 Apr 2014 11:10:00 GMT

    OG: I hope you're wrong about it still being a 'sell'. But I thought you were wrong when the price was 25p.

    C'est la vie. By alpal
  • Re: Large Buy by Orchard Gate
    Wed, 23 Apr 2014 09:46:00 GMT

    "Are we going to have OG saying "I told you so"? But he didn't comment on my last post when I asked him if he still thought POL was a sell at the current price."

    Yes, probably and yes. By Orchard Gate
  • Re: Large Buy by alpal
    Wed, 23 Apr 2014 08:49:00 GMT

    Despite the 'large buy' on Thursday, there is continued selling pressure with the shares hitting a new low today, 13.6p.
    Are we going to have OG saying "I told you so"? But he didn't comment on my last post when I asked him if he still thought POL was a sell at the current price. By alpal
  • Large Buy by ICB888
    Tue, 22 Apr 2014 20:09:00 GMT

    A 400000 share BUY @15p was reported today but took place on the last trading day before the Easter holiday on Thursday 17th April. By ICB888
  • China's Iron Supply by Wordbodger
    Thu, 17 Apr 2014 12:04:00 GMT

    I don't like posting vaguely relevant macro news but please forgive this exception....

    https://uk.finance.yahoo.com/news/chinas-plan-iron-ore-giants-010253075.html

    Ironstone could easily align its future with an enormous consumer capable of consuming the whole of Clear Hills and then some. IMO the key to Ironstone has always been to get the Chinese to sign a contract which Ironstone could take to Toronto for financing. (Or perhaps the Chinese would finance the development.)

    Ironstone was invited to a Business Mission in Beijing on March 17-21 organised by CNOOC-Nexen. Let's hope Ironstone did not waste their time.
    By Wordbodger
  • Re: RNS Director Appointment by theCFB
    Tue, 15 Apr 2014 16:35:00 GMT

    If I were working for Polo and was asked the question I would answer that Polo and GCM's interests are aligned and a positive outcome would benefit both companies. However, that is exactly the danger that I'm talking about. The exploration license runs for about another 18 years and the Bangladesh government could easily wait that long for it to expire, all the while GCM will need about $1m/year to keep operating. Policitically sensitive due to both population relocation and they know that if mining commences then the profits from the country's natural resources will go out of the country.

    Unfortunately I'm unable to attend the Master Investor conference in Islington but would appreciate you probing the Polo representative along these lines.

    In terms of Polo's other investments, it is no coincedence that Signet has yielded results as that is being progressed by a third party. Whilst GCM represents the biggest risk/reward I fear that it is an all or nothing prospect and if I had wanted the management to be focused on that I would be buying GCM plc shares rather than having doing through the back door via Polo. By theCFB
  • Re: RNS Director Appointment by casper72
    Tue, 15 Apr 2014 15:33:00 GMT

    Hi CFB.

    I think its a step in the right direction, on the basis that Gary Lye has had some success in other exploration ventures (excluding GCM, of course) and that the board needs some additional firepower. However, its not by any means sufficient from a corporate governance point of view.

    You make some good points about the risk that it may bias Polo towards GCM. Its a tricky one to judge without actually talking to management about their rationale and strategy. I'm hoping that they will be at the Master Investor conference in a couple of weeks (as they have been for the last few years) so that I can ask the question... By casper72
  • 750k buy by BigLoss
    Thu, 24 Apr 2014 00:19:23 GMT

    Think they should have waited for sub 10 p at this rate.
  • RE: 400k Buy by leonasdad
    Wed, 23 Apr 2014 14:59:42 GMT

    That makes a lot of sense okenia. Think you've made a really good observation. Now that GCMs top execs are helping out Pol, I see in the short term an ideal price target of 1/3 gcm mcap (ignore pols cash and other investments) for Mettiz to build additional stake in Polo and for Polo increase stake in GCM. Pls. Don't walk away ;-) I'm wondering how the NED interview panned out. Tang: Gary, what have you been doing for the past 10yrs? And what makes you the ideal choice for Pols NED position? Lye: We've been lobbying for the SoD. I'm persistent. Tang: Well I am so sure of myself and I have failed to get the GL in H1 this yr, I admire your tenacity. Being persistent is a wonderful trait, but I see you have the patience of a saint, how do you hold yourself together when dealing with that evil witch Hasina. Lye: The resource is for the good of the people and country, this is the reason I believe in the project. Tang: I'm the captain of team Pol and I am focused on share appreciation and dividend payouts to new PIs. Are we on the same page? Same question goes to Hobson. Lye & Hobson: Our track record speaks volumes. Fancy a curry Tang? Now that Mr Lye & Mr Hobson are on Pols payroll, they are financially motivated to assist Tang make other sound investment choices (like GCM)...I think it will be a very long time before there is a director buy as they have been compensated by GCM shares for ages and must be skint by now.
  • RE: 400k Buy by okenia
    Wed, 23 Apr 2014 14:39:43 GMT

    (for the record I am *not* suggesting Tang is anything other than above-board … anyone capable of driving the price down could benefit from this approach).
  • RE: 400k Buy by okenia
    Wed, 23 Apr 2014 14:20:33 GMT

    Whatever the POL SP, the underlying portfolio remains the same and the cash returns from them will be the same. And historically to a first approximately POL is a dividend generator, not a capital appreciation vehicle. If I were an unscrupulous CEO (esp if I had a separate investment vehicle with cash on the books...) then I might be very happy to let the SP drift lower, so I could pick some more up at a cheaper price. [Once you've got the share it doesn't matter what happens to the SP if you're mainly interested in the dividends]. The SP is now nearly a third what it was until a year or so ago, so a share picked up today will generate three times the dividends than if I had bought a couple of years ago. Thus if Tang feels the bulk of the returns will be from dividends over the next few years then letting the SP slide is actually what you want provided your intention is to buy some more. What we need now is for Mettiz to increase their stake in POL a bit ….
  • RE: 400k Buy by TheRealPukMan
    Wed, 23 Apr 2014 14:09:11 GMT

    I am not sure what I think with regard to the "end game". What I do know is that a lot of PI's are highly frustrated, sitting on significant losses and are rightly starting to ask questions. I can tell you one thing though, Tang is not a fool. He buys in at 40p (supposedly) and then just sits around watching his investment dwidle down to 13.5p thinking "where did it all go wrong"?. No way !!
  • RE: 400k Buy by okenia
    Wed, 23 Apr 2014 13:27:59 GMT

    "Do you really believe that this is falling off a cliff and being walked down dailym for no reason other than market conditions? Come on now…" No, but I do suspect there are a lot of long-term Dattels fans who are getting disillusioned and walking away now there isn't the golden boy at the helm. The retention of the Signet monies won't have pleased everyone, Tang remains and unproven element, comms are rubbish [although that is standard POL behaviour!], and there has been significant churn of NEDs. And if POL buys more GCM shares I'm walking I can tell you. So no cash return for several years (historically how you made money out of POL), and a series of other niggles that are going to dampen sentiment towards POL independent of any sector market issues. Surely that is enough? Or are you still suspicious that the Sp is being deliberately driven down so someone can step in and make a low-ball takeover offer (assuming that's what you're thinking is at play)?
  • RE: 1.8 by Banking-IT
    Wed, 23 Apr 2014 11:51:22 GMT

    wrong board - Ignore
  • 1.8 by Banking-IT
    Wed, 23 Apr 2014 11:43:45 GMT

    PEEL are the only one at 1.8 jumped from 1.7. Fly home to daddy
  • RE: 400k Buy by TheRealPukMan
    Wed, 23 Apr 2014 10:30:40 GMT

    Its not conspiracy theories when the SP is at 13.5.... I say that again as I find it very hard to comprehend - 13.5. Do you really believe that this is falling off a cliff and being walked down dailym for no reason other than market conditions? Come on now...
  • RE: 400k Buy by okenia
    Wed, 23 Apr 2014 09:20:38 GMT

    So what's your suspicion as to what's happening here RPM? I'm always up for a good conspiracy theory! Bought out by GCM (since they already have enough fingers in the POL pie, something I'm not totally comfortable with I have to say)?!?
  • 400k Buy by TheRealPukMan
    Wed, 23 Apr 2014 08:47:16 GMT

    And the 400k buy did extactly what? Sent the SP into further decline? Wake up, this is being walked down for a reason and as an investor, I am not happy at all about this at all. All will be revealed shortly IMO and I can tell you it will not be your PI who will be laughing....
  • Hope by mikeep
    Wed, 23 Apr 2014 08:17:58 GMT

    well the decline just keeps on going. Probably for 2-3 years now since last divi and a 50% drop post dividend (75% pre-divi) A bit more communication would help everyone and give some comfort on the background work . I do hope no games are being played to take this out cheaply as many long term holders have kept the faith with the portfolio
  • trades by papachav
    Tue, 22 Apr 2014 21:29:58 GMT

    hi okenia , well I guess that,s one way of looking at it , lol . I still think there is a lot going on in the background . I do hope for a more positive tone on the board and Polo .
  • RE: trades by okenia
    Tue, 22 Apr 2014 20:46:31 GMT

    Well there needs to be someone to mop up all the Sells...
  • trades by papachav
    Tue, 22 Apr 2014 16:57:03 GMT

    Is some one confident ? buy of 400k at 15p on the 17th.