Polo Resources Share Discussion Threads

[paleje] 28/7/2016 17:07

Yes 888. Blackham's Bryan Dixon outlined plans today to increase production from 100koz/pa to 130koz/pa too, but industry sources said the resource is capable of up to 200koz/pa, quite something to look forward to:-

[888icb] 28/7/2016 08:32

I think that at .905 Polo's interest in BLK is worth £10.7 million against a current market cap of £18.6 million.
Time for Polo to move north again?

[spights] 28/7/2016 07:19

.905
Blk

[spights] 28/7/2016 07:17

.89
Up over 8%
Blk

[spights] 27/7/2016 16:58

Gold miners back in the game
Share
08:38 27 Jul 2016
Fuller-treacy.png
Gold miners back in the game

Our favourable view of gold is based on the following factors:
Challenging global economic growth;
Prevailing low to negative interest rates and easy monetary policies. Central banks with negative deposit rates incl. ECB, Japan, Switzerland, Denmark and Sweden. Correlated against the US 2-year real rate (r2 is 0.73), the implied gold price is ~$1460/oz (Figure 2);
Lingering uncertainty in the Eurozone since the Brexit vote;
Risks associated with China’s debt and debt: GDP ratio at ~$30 trillion and >200% which could force the People’s Bank of China to mobilize selling additional US treasuries to support the yuan and reduce capital outflows; and
Risks to the US dollar as balanced with the upside from potential modest rate hikes offset by potential instability post US elections. Call this the Trump factor! Although the US dollar is broadly inversely correlated with gold (r2 is 0.54), the (inverse) correlation with real rates is a better predictor for gold.
The conditions noted above have driven investors back to gold as an alternative safe-haven with no opportunity holding cost when compared to almost one third of global sovereign bonds trading at negative yields. Global ETF holdings are at a level last seen in May 2013 (Figure 4). In addition, COMEX net speculative positions in gold are at a multi-year high, which poses some risk of sell-off liquidations (Figure 5).
It is worth noting that the recent pullback in gold from this year’s near-term high of $1,360 is due to a certain level of political stability in Britain, but more importantly stronger US economic data triggering a reversal in bond yields and US dollar. Gold initially shrugged off the strong June employment data but last week’s manufacturing and retail sales data led to an acceleration in expectations of a fed funds rate hike by December (currently 45%). Nonetheless, we see this pullback as healthy and would look to accumulate gold equity exposure on weakness.


Eoin Treacy's view

The gold mining sector is offering leverage to the gold price for the first time in a decade following a painful process of rationalisation that squeezed management expansion plans and forced a return to a focus on cash flow. It is being helped by the fact that gold and gold miners are among the few sectors not hitting new all-time highs and therefore represent relative value and potentially catch up potential.

[roomb] 25/7/2016 20:26

What's the matter gairich-cat got your tongue?

[roomb] 25/7/2016 16:13

What case is that gairich?

[gairich] 25/7/2016 16:02

Roomb I rest my case.

[roomb] 25/7/2016 10:53

Here's another of Mr Blond's perspicacious comments:
"
blondeamon
25 Apr'16 - 21:22 - 13188 of 13479 0 0

Sell now before the next leg down, this won't last. Next time the downfall starts it will hit 1p, don't lose everything"

He really did have his finger on the financial pulse , didn't he?

And he was, above all, consistent: "
blondeamon
19 Apr'16 - 12:10 - 13163 of 13480 0 0

HahhahahahaHAHHAHAHAHAHAHHAHAHA

Did you muppets buy some more didn't you? Pathetic."

I'm one of the "muppets" who bought some more.

[roomb] 25/7/2016 10:30

Where are you now Mr Blond Eamon? How I miss your witty and perceptive insights into this share. Are you busy on other boards by any chance? I will look for you elsewhere because your opinion is so intelligent and prescient. For example:
"
blondeamon
26 Apr'16 - 20:22 - 13193 of 13478 0 0

Hahaha the moron thinks I am buying omg! It's going to be so much fun to watch you all crash and burn."

I'm so glad I took note of your opinion (NOT) and doubled my POL holding at around 3/4 p.

[spights] 22/7/2016 17:16

INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2015

Polo Resources Limited (AIM: POL), the natural resources investment company with interests in oil, gold, coal, copper, phosphate, iron and vanadium, today announces results for the six months ended 31 December 2015.


Financial Highlights

· Total Net Assets of US$73.53 million as of 16 March 2016 (31 December 2015: US$73.03 million).



· Net Asset Value per share as at 16 March 2016 was approximately 17.23 pence per share

(31 December 2015: 16.31 pence per share).

[spights] 22/7/2016 17:10

The NAV is more than18p
We should get an update on that very soon

[red army] 22/7/2016 16:23

From me. See technicals.

[miahkaysor] 22/7/2016 15:03

18p Target from who????

[888icb] 22/7/2016 14:12

Number 6 on the riser board UP 18%

[red army] 22/7/2016 14:04

Have 18p target on this one

[nick] 22/7/2016 12:07

the other if is if copper prices improve.

[jennis2002] 22/7/2016 09:48

not a great update....not terrible though...it will come good eventually if consistent production achieved

[spights] 22/7/2016 09:28

For investors who do not know we have a share in this

[spights] 22/7/2016 08:58

😀😀😀😀8512;😀ԅ12;😀😀;

[jennis2002] 22/7/2016 08:14

Hey you....Leave our Spights alone!


but admit no need for yehhhhaaa untill this nearer 20p