Polo Resources Share Discussion Threads

[888icb] 18/7/2016 08:11

Blackham news continues to impress and now our increased stake in Hibiscus is looking good. Let's hope that on the back of this we can push through 6p this week.

[resiak] 18/7/2016 06:56

hxxp://www.theedgemarkets.com/my/article/hibiscus-active-jumps-much-1622-renewed-buying-interest

[linslader] 17/7/2016 10:56

roomb, so you're not actually registered and therefore qualified to give advice as you did a few posts back then?. Tut Tut, remember you're no longer invisible on these boards.

[roomb] 16/7/2016 19:47

Linslader, are you headed for the planet Mars too?

[zangdook] 15/7/2016 17:44

Well, the money from the sale of Equus will pay Mr Tang's salary for the next ten months or so. No wonder they had to pay for Blackham with new stock.

[bean02] 15/7/2016 17:15

Rns out. This is already written down?1.95 per cent equity interest consisting of 5.5 million ordinary shares in Equus Petroleum plc ("Equus"). The offer has resulted in a net cash payment to Polo of approximately CAD$1.37 million and is expected to result in a total loss to Polo (including currency translation) of approximately US$500,000. The loss is based on the written down value in accordance with Polo's last audited accounts.

[spights] 15/7/2016 16:54

Commodity investor Polo Resources Limited (LON:POL) is issuing 9,832,358 new ordinary shares to pay for increasing its stake in Australian gold explorer Blackham Resources Limited (ASX:BLK).

It said on Friday that it had applied to get the consideration shares admitted to trading on AIM on Monday July 25, after which Polo's enlarged issued share capital will amount to 311,789,151 ordinary shares.

Polo has interests in oil, gold, coal, copper, phosphate, iron and vanadium.

The deal will result in its undiluted interest in Blackham rising to about 8.11% from its current combined direct and indirect holding of about 6.97%.

Share

[shawzie] 15/7/2016 15:13

Roomb
HIBI:MK has been fairly steady at 0.19 over the past 6 months, but over 12 months it has fallen from 0.91.
My previous post merely indicated that in my opinion HIBI was continuing to be a loss making enterprise.

As far as Perfectus is concerned, it will be interesting to see if Mr Tang (or one of his companies) keeps 2%
or sells it to Polo so that Perfectus becomes a 100% subsidiary of Polo.

Perfectus was originally formed as a shell company to hold Blackham shares, but it could be used to buy new assets in exchange for some of its Polo shares, so that no new Polo shares need be issued.

[linslader] 15/7/2016 12:52

roomb 13 Jul'16 - 16:46 - 13419 of 13428 0 0

I miss Mr Blond Eamon. Where are you M8? I miss your intellectual comments about how POL is going down the toilet. Or did you make a tiny mistake? I did advise you to buy POL at sub 2p, but you failed to listen, didn't you? Oh dear, that must be a little bit upsetting.

Interesting, roomb gives " advice" on this site. What is your FCA reg. number, just so we can confirm the legitimacy of the "advice" you give ?.
This should be good.

[roomb] 15/7/2016 11:06

shawzie: it says 19MYR right now:

so at least it's not going down...

[shawzie] 15/7/2016 11:05

From the Australian Takeover Panel -
"On 27 May 2014, Polo Resources acquired a 49% interest in Perfectus. At the time of Polo Resources' investment, Perfectus' only asset was 15,888,495 Blackham shares (approximately 15%).

Mr Gutnick previously owned 100% of Perfectus and retained a 49% interest following Polo Resources' subscription (a further 2% was subscribed for by an entity associated with Polo Resources' managing director). A shareholders' agreement between the Perfectus shareholders was entered into on this date.
Also, at 27 May 2014:
Polo Resources held 4,761,905 Blackham shares (approximately 4.5%) through a nominee."

[spights] 15/7/2016 10:33

TIDMPOL

RNS Number : 2459E

Polo Resources Limited

15 July 2016

15 July 2016

POLO RESOURCES LIMITED

("Polo" or the "Company")

Polo increases stake in Blackham Resources

Polo Resources Limited (AIM: POL), the natural resources investment company with interests in oil, gold, coal, copper, phosphate, iron and vanadium, announces that it is issuing the 9,832,358 new ordinary shares in Polo as consideration for the transaction as described in the announcement made on 9th June 2016 ("Consideration Shares").

Application has been made for the Consideration Shares, which rank pari passu with Polo's existing issued ordinary shares, to be admitted to trading on AIM on Monday 25th July 2016, following which Polo's enlarged issued share capital will amount to 311,789,151 ordinary shares. The Company does not hold any Ordinary Shares in treasury.

Total Voting Rights

On admission of the Consideration Shares, the issued share capital of the Company with voting rights attached will consist of 311,789,151 Ordinary Shares of no par value each with one vote per share. There are no Ordinary Shares held in Treasury. Therefore the total number of voting rights in the Company will be 311,789,151. This figure may be used by shareholders (and others with notification requirements) as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules or otherwise.

[spights] 15/7/2016 07:15

Blk
.84

[shawzie] 14/7/2016 08:55

Roomb -
OPEN
0.19
DAY RANGE
0.18 - 0.19
VOLUME
189,500
PREVIOUS CLOSE
0.19
52WK RANGE
0.13 - 0.91
1 YR RETURN
-76.58%
YTD RETURN
-19.57%

[roomb] 13/7/2016 18:21

Well it's share price is up 5.71% to 0.19 MYR shawzie.

[shawzie] 13/7/2016 17:00

From last Hibiscus Financial Statement - profit after tax 85 million RM.
This profit achieved only after including "negative goodwill from business combination" of 135 million RM.
You put your left foot in, you put your left foot out and you shake it all about - hokey kokey accounting?

[roomb] 13/7/2016 16:46

I miss Mr Blond Eamon. Where are you M8? I miss your intellectual comments about how POL is going down the toilet. Or did you make a tiny mistake? I did advise you to buy POL at sub 2p, but you failed to listen, didn't you? Oh dear, that must be a little bit upsetting.

[nick] 13/7/2016 16:07

Now in a bull market, what is the likely next move for gold?

[roomb] 13/7/2016 09:52

Seems to be improving though:
hxxp://klse.i3investor.com/servlets/stk/fin/5199.jsp
And at least Tang got the recent shares at 0.18 Ringgits, and massive uprating of resource recently.Up 2.86% today-wow, massive LOL.

[shawzie] 13/7/2016 09:36

Hibiscus recorded a profit?
Only after they danced the hokey kokey.
Have a look at the Hibiscus accounts on their website.