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 below-average volume.
Visit the Polo Resources website.
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  • Re: car crash by Orchard Gate
    Fri, 24 Oct 2014 22:05:00 GMT

    "I excitedly opened up this post thinking you had been involved in one (car crash)." What a sad individual you are. By Orchard Gate
  • Re: car crash by kwpn
    Fri, 24 Oct 2014 19:20:00 GMT

    I suppose the bell must end somewhere,is that your domain? By kwpn
  • Re: car crash by jimbo2076
    Fri, 24 Oct 2014 19:02:00 GMT

    I excitedly opened up this post thinking you had been involved in one (car crash). Never mind, there is always next week! By jimbo2076
  • car crash by Orchard Gate
    Fri, 24 Oct 2014 17:43:00 GMT

    It's not that often you can see a car crash before it happens but Polo is one example of a share which had "crash" written all over it.

    I say that very humbly because I bought a small amount at 25.7p before quickly spotting the danger signs and bailing, talking a small loss and learning a lesson. From memory the shares were about 27p or 28p when I shared my concerns, greeted as they were with a chorus of cat whistles and abuse. Seemingly I didn't know what I was talking about and/or just had to wait a few months to see how wrong I was and what a gem, a veritable 10 bagger Polo would prove to be, no further debate required etc etc etc. Please check in your brain at the reception desk

    Well, the shares were then worth over 300% of today's 'value' so I guess it's hard even for those guys to now claim they were right although they will struggle to ever admit I might have been right. Do they still think the true asset value after all liabilities is 34p? Really? With the shares at 8p? Oh well, I suppose IQ is distributed on a bell curve, so some people have to occupy the left tail.
    By Orchard Gate
  • blackham by kwpn
    Thu, 23 Oct 2014 07:37:00 GMT

    Trading still suspended announcement expected monday 27/10/14 By kwpn
  • Re: GCM by Spight
    Tue, 21 Oct 2014 19:11:00 GMT

    Searcher thankyou By Spight
  • GCM by Spight
    Tue, 21 Oct 2014 18:37:00 GMT



    Open-pit mining at Barapukuria, water manag possible

    21 October 2014








    The final report of water modelling and hydro-geological survey on Barapukuria coal mine says open-pit mining is possible there. The government has planned open-pit coal mining at the northern part of Barapukuria coal field in Dinajpur to use the extracted coal in power plants.
    The Institute of Water Modelling, which conducted the survey, has suggested carrying out a mandatory geo-technical feasibility study before making the decision of open-pit mining.The survey report was disclosed at a workshop in the capital monday.
    Water modelling and hydro-geological survey were conducted at the Barapukuria site to determine the flow of underground water required for extracting coal through open-pit mining method.
    Aiming to open the northern part of Barapukuria coal field, the Energy Ministry started the initiative a few years back. It engaged the Institute of Water Modelling of the Water Resources Ministry to conduct the survey to avoid any controversy over the coal-extraction method.
    “If the Barapukuria coal mine authorities want to go for open-pit mining, it will have to pump out around 400 million cubic metres of water an hour for de-watering operation,” Petrobangla official told. The modelling has taken into account the levels of groundwater pumped from several wells, flood waters, irrigation and rain waters in the last two years in the area.
    However, it has not considered human, economic or environmental aspects, even the re-settlement issues, for the survey.
    The IWM conducted water modelling on an area of 60 square-kilometres at Barapukuria coal mine site to determine the flow of underground water (aquifer) for extracting coal under the open-pit method, aiming at boosting coal production.
    “The government can go for open-pit mining at the northern part of Barapukuria, subject to the technical feasibility study on mining issues and economical viability,” he said.
    “We need to calculate the price of crops and we should remember that northern part [of the country] is the land of food; so, we need to calculate the value of the food and the farmers’ livelihood,” he said.
    The Barapukuria basin contains 390m tonnes of coal at a depth ranging from 118 metres to 503 metres below surface.
    The state-owned Ashuganj Power Station Company has planned to set up a 1,320MW coal-based plant at the mouth of Barapukuria coal mine.
    According to the government’s power sector roadmap, the country aims at generating around 20,000MW of electricity from coal-based plants by 2030; of this, 11,250MW will be generated using domestic coal while the rest using imported coal.

    By Spight
  • Good Morning by Spight
    Tue, 21 Oct 2014 07:04:00 GMT


    searcher3 lse & 3i
    hxxp://www.dhakatribune.com/bangladesh/2014/oct/21/survey-open-pit-mining-barapukuria-possible
    The survey report was disclosed at a workshop in the capital yesterday

    The final report of water modelling and hydro-geological survey on Barapukuria coal mine says open-pit mining is possible there.

    The government has planned open-pit coal mining at the northern part of Barapukuria coal field in Dinajpur to use the extracted coal in power plants.

    The Institute of Water Modelling, which conducted the survey, has suggested carrying out a mandatory geo-technical feasibility study before making the decision of open-pit mining.

    The survey report was disclosed at a workshop in the capital yesterday.

    Water modelling and hydro-geological survey were conducted at the Barapukuria site to determine the flow of underground water required for extracting coal through open-pit mining method.

    Aiming to open the northern part of Barapukuria coal field, the Energy Ministry started the initiative a few years back. It engaged the Institute of Water Modelling of the Water Resources Ministry to conduct the survey to avoid any controversy over the coal-extraction method.

    “If the Barapukuria coal mine authorities want to go for open-pit mining, it will have to pump out around 400 million cubic metres of water an hour for de-watering operation,” Executive Director of IWM Mohammod Monowar Hossain told the Dhaka Tribune yesterday.

    The modelling has taken into account the levels of groundwater pumped from several wells, flood waters, irrigation and rain waters in the last two years in the area.

    However, it has not considered human, economic or environmental aspects, even the re-settlement issues, for the survey.

    The IWM conducted water modelling on an area of 60 square-kilometres at Barapukuria coal mine site to determine the flow of underground water (aquifer) for extracting coal under the open-pit method, aiming at boosting coal production.

    “The government can go for open-pit mining at the northern part of Barapukuria, subject to the technical feasibility study on mining issues and economical viability,” he said.

    “We need to calculate the price of crops and we should remember that northern part [of the country] is the land of food; so, we need to calculate the value of the food and the farmers’ livelihood,” he said.

    The Barapukuria basin contains 390m tonnes of coal at a depth ranging from 118 metres to 503 metres below surface.

    The state-owned Ashuganj Power Station Company has planned to set up a 1,320MW coal-based plant at the mouth of Barapukuria coal mine.

    According to the government’s power sector roadmap, the country aims at generating around 20,000MW of electricity from coal-based plants by 2030; of this, 11,250MW will be generated using domestic coal while the rest using imported coal.

    - See more at: hxxp://www.dhakatribune.com/bangladesh/2014/oct/21/survey-open-pit-mining-barapukuria-possible#sthash.cSIUEbsj.dpuf By Spight
  • GCM/Orchard by Spight
    Mon, 20 Oct 2014 21:00:00 GMT


    GCM Resources updates on OECD review




    By StockMarketWire | Mon, 29th September 2014 - 13:46


    GCM Resources, a London based resource exploration and development company has provided an update in relation to the timing of the OECD review previously announced on 20 June 2014.

    The Company has been advised that the review which is being conducted by the UK NCP Steering Board Committee will not be completed by 30 September 2014.

    No definitive timeframe to completion has been given.

    The Company will provide an update as soon as the review is finalised
    By Spight
  • Re: WOW by spotyplonka1
    Mon, 20 Oct 2014 19:24:00 GMT

    link By spotyplonka1
  • Re: GCM UP 30% by Orchard Gate
    Mon, 20 Oct 2014 17:33:00 GMT

    "OECD REPORT OVER DUE"

    But OCD posts arrive on time.

    p.s. Try taking CAPS LOCK off By Orchard Gate
  • Re: GCM UP 30% by Spight
    Mon, 20 Oct 2014 13:25:00 GMT

    OECD REPORT OVER DUE. By Spight
  • GCM UP 30% by Spight
    Mon, 20 Oct 2014 13:20:00 GMT

    HAS SOMEONE LEAKED NEWS TO OUR PRECIOUS M/M By Spight
  • Re: Rock bottom? by spotyplonka1
    Mon, 20 Oct 2014 11:19:00 GMT

    personally think reference to the asiason thing more to go....4p to make it right.

    gold, oil, coal, potash

    link

    By spotyplonka1
  • Rock bottom? by alpal
    Mon, 20 Oct 2014 09:28:00 GMT

    With a little bounce in the share price today, one has to ask whether we have hit rock bottom and the only way is up?

    Or [like Costa Concordia] have we hit the rocks on the bottom and are slowly sinking? By alpal
  • MB by okenia
    Fri, 24 Oct 2014 09:33:54 GMT

    SAV. You need a geology degree to follow their RNSs, they don't take prisoners. Finally got sick of not having any decent insight into what Tang is upto, too much of a stab in the dark. Dattels could get away with that cloak and dagger stuff because of his reputation.
  • RE: Schhh, don't tell anybody by Masterbaker
    Fri, 24 Oct 2014 09:11:56 GMT

    giving it back, right now would do me, stuck in DOR now couldn't sell this morning. So here's hoping we are involved with Blackham. Being nosy where did you go to from here?
  • RE: Schhh, don't tell anybody by okenia
    Fri, 24 Oct 2014 08:59:37 GMT

    Well POL still have a whopping cash pile, either give it us [sorry, you] back or do something with it!
  • RE: Schhh, don't tell anybody by Masterbaker
    Fri, 24 Oct 2014 08:57:41 GMT

    So it's you who admits to starting this rumouryou..you
  • RE: Schhh, don't tell anybody by okenia
    Thu, 23 Oct 2014 17:12:33 GMT

    See my 16 Oct post. "Ooh, activity! Let me look later, am in board mtg at moment. Wonder if Pol are participating or whether Tang is persona non grata after the Gutnick episode." So not the sound of one hand clapping .. Just ...
  • RE: Schhh, don't tell anybody by Jonah58
    Thu, 23 Oct 2014 13:30:29 GMT

    yes
  • Schhh, don't tell anybody by Masterbaker
    Thu, 23 Oct 2014 10:39:21 GMT

    Have l got to start my own rumour mill? Any body think Polo may be involved in this Blackham fund raising.
  • Radio silence maintained by Masterbaker
    Thu, 23 Oct 2014 07:06:27 GMT

    No news on blackhams suspension till Monday 24

    link

  • RE sp by Masterbaker
    Wed, 22 Oct 2014 12:28:24 GMT

    No, but l bought in on a dip, regrettably not the big dip earlier this morning.
  • sp by ManuDave
    Wed, 22 Oct 2014 12:15:58 GMT

    Wide spread ain't encouraging buyers today is it...
  • Wise or foolish? by Masterbaker
    Wed, 22 Oct 2014 12:01:19 GMT

    Well had another small top up (15k shares) nearly back to my original holding. At a fraction of my original cost. Going on WB's mantra buy when others are fearful. Hope Blackham's news may give a tiny small spurt to our SP. Things are going on in Bangla, whether it's the right things who knows.
  • Blackham by Jonah58
    Wed, 22 Oct 2014 11:27:59 GMT

    According to thier last announcement, there should have been some new information released today, but I can't find it at the moment.
  • having a bad day (part 2) by 50glass
    Wed, 22 Oct 2014 07:54:37 GMT

    Ouch!
  • having a bad day by Herts123
    Tue, 21 Oct 2014 15:18:54 GMT

    but this is still complete s***te
  • RE: Morning! by Masterbaker
    Tue, 21 Oct 2014 12:36:27 GMT

    Who starts these rumours in the first place? Are you allowing yourself to get a little excited? Maybe the reason for Blackham's extended suspension is POLO want in, after all what are they going to do with these funds? From iii bb 19/9 by KWPN Crestar has reportedly won the bid for Shells oml 25 block,I believe that this is the one that the Signet consortium were bidding for.If Crestar have won it presumably Signet have not,this being the case I seem to recollect something about further cash being returned to Signet share holders,namely Polo! Fri, 14th Mar 2014 07:00 RNS Number : 2938 "... Polo accepted the amended offer in respect of its basic pro rata entitlement of shares and expects to receive proceeds of US$22,807,208 free of any taxation liability (equivalent to approximately 5.1p per Polo share) on or before 24 March 2014. Polo retains a holding of 42 per cent of Signet's issued share capital..."