Polo Resources Share Discussion Threads

[888icb] 03/10/2016 20:00

Spights
There is no mention of Stirling Enterprise Limited in any of the RNS's that you are referred to by Kudzayi. The only reference is the one you saw on the website recently. I think they should have issued a Holdings RNS.

[spights] 03/10/2016 15:41

Answer from Polo
Dear Maureen,

Thank you very much for your email. Stirling Enterprise Ltd became a shareholder of Polo Resources Ltd following Polo's purchase of 49% of Perfectus Management Ltd which was settled by Polo issuing 9,832,358 shares at of 15p per share on 25 July 2016. This was referred to in our RNS dated 9 June 2016 and 15 July 2016 and when the new shares were admitted for trading, we issued a further RNS on 3 August 2016.

Kind regards,

Kudzayi

[888icb] 01/10/2016 10:16

I agree that the discount to NAV is far to large. Polo needs to get back on investors radars. The assets that Polo has are now coming back into fashion as it were, having been in the doldrums for years.
In the old Dattels days when a major investment was sold there was a very large dividend paid to shareholders. If this policy was reinstated it would create a lot more interest in holding Polo shares.
How about it Mr Tang?

[apatel21] 01/10/2016 02:23

Last reported NAV was 17pI suspect it will be 25p+ at next reported date given performance at Blackhams + HibiscusI think Polo will always trade at a huge discount to NAV but surely 75% is just too BIGWould think the discount would close to closer to 50% and thus see 100% upside from current levels I wonder if Tang will be tempted to make an offer and take the whole thing private given his original buy in price was 40p

[spights] 30/9/2016 20:48

Polo Holds 20,650,400 shares
in Blk
One of the substantial holders

[spights] 30/9/2016 20:25

Blk annual. report

[spights] 28/9/2016 23:04

Ironstone Resources has a NI-43-101 resource of 2.45 billion pounds of contained Vanadium Pentoxide (V2O5), representing one of the largest compliant vanadium resources in the world. A by-product of the its direct reduced iron process, Ironstone expects to be a low cost producer of approximately 20 million pounds of V2O5 annually at full production.

[spights] 28/9/2016 22:55

A very good read
Polo's holding in Ironstone Resources is 18.8%
hxxp://www.ironstoneresources.com/#metals

[spights] 27/9/2016 15:35

Come on Polo
Rise

[888icb] 27/9/2016 15:35

Mr Tang doing a good job for GCM. A very good RNS. As I said at the time who takes any notice of The Bangla Sun?

[spights] 27/9/2016 15:09

RNS Number : 9825K
GCM Resources PLC
27 September 2016

27th September 2016
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)

Press speculation update

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, is pleased to provide further information in respect to the press speculation announcement on 23 September 2016.

The Company's investigation has found that press speculation in the Bangladesh media of an alleged decision by the Government of Bangladesh ("Government") on the mining method at Barapukuria coal mine was inaccurate and misleading.

GCM has obtained feedback from sources from within Government and the Bangladesh media which confirms that no decision has been made on whether the Government's Barapukuria Coal Mining Company Limited, which is currently mining coal in the Barapukuria coal basin through underground mining, should adopt the high coal production open pit mining method. In addition it was found that there were no grounds to suggest that the Company's Phulbari Coal Project ("Project") was impacted in any way.

Since the announcement on Friday 23 September 2016, further Bangladesh media articles have accurately reported that a technically orientated progress meeting was held in government circles but no decisions were made regarding mining methods. The Company is deeply concerned regarding the negative impact that unsubstantiated and speculative media reporting can have on its and its stakeholders' image, reputation and financial position and consequently it has instructed its lawyers to issue a legal notice to a media outlet to protect its interests.

As stated in the Company's announcement on Friday 23 September 2016, GCM through its subsidiary has a legally enforceable contract with the Government of Bangladesh which gives it the right to explore, develop and mine coal in northern Bangladesh. Under the purview of the aforementioned Contract it successfully explored the Phulbari coal basin and provided the Government with a Scheme of Development, supported by a detailed Environmental and Social Impact Assessment, for developing a high production open pit coal mine. The Company is awaiting Government approval of the Scheme of Development to proceed with mine development and has received no notification from the Government of any changes that would impact on its Contract and ensuing rights.

The Company was pleased that Bangladesh's Honourable Prime Minister Sheikh Hasina addressed the nation via television on 27 August 2016 where she displayed pictures and referred to successful open coal mining and associated power generation in Germany's Cologne area. She shared the successful environmental management of these operations, including water management and stated that communities and wildlife happily lived in close proximity to the mines and power plants. The Company wishes to note that the Scheme of Development for the Phulbari Coal Project adopts the proven best practices of the Cologne open pit coal mines, which are significantly larger in scale, in respect of water management issues and GCM's international team of advisers included consultants from RWE Cologne.

GCM is confident that a developed Phulbari Coal Project will contribute towards significant long term economic growth and social development by supplying high quality thermal coal for up to 4,000MW of lower cost power while generating many thousands of jobs, and that it is in the best interests of the Government, the nation and the local community that the Project proceed as quickly as possible.


For further information:
GCM Resources plc
James Hobson
CFO & Company Secretary
[phone]

Bell Pottinger
Greg Wood
[phone]


ZAI Corporate Finance Ltd
Nominated Adviser and Broker
John Treacy
[phone]


GCM Resources plc

Tel: [phone]

[e-mail]; www.gcmplc.com



This information is provided by RNS
The company news service from the London Stock Exchange

END


SPCZDLFLQKFBBBB

[acamas] 27/9/2016 08:20

I am puzzled by the spread shown to sell at 5.5p and to buy at 6.5p. This cannot be reality. A one p spread on a 6p share. It says to me that the MM's do not wish to trade this stock but will if some one is desperate.

Am I reading this wrongly?

[888icb] 26/9/2016 12:31

GCM currently up 18% on a volume of 900000 recovering from Fridays fall based on a newsarticle which the company have said is unsubstantiated. GCM doest account for much of Polo's nav these days but it would if Phulbari got the green light.

[paleje] 26/9/2016 11:35

He's getting paid for his time.

A link from MrShaun on GCM board suggests Bangla is shifting its energy focus away from gas towards coal.

[failedqs] 23/9/2016 08:49

GCM cratering (again)It's pretty clear GCM's mine is never going to get the green light - tang is wasting his time there.

[mrshaungcm] 22/9/2016 21:38

hxxp://www.daily-sun.com/post/169050/Govt-backtracks-on-openpit-mining-in-Barapukuria-Phulbari

[paleje] 22/9/2016 15:42

They've hedged at a good price imo, sensible although there will no doubt be moaners if gold rockets, that's always the case. Hindsight's never there at the time.

[paleje] 20/9/2016 18:16

Thanks spights, taking advantage of the share price dip.

[spights] 19/9/2016 07:13

Blk
.805

[spights] 19/9/2016 06:43

Thankyou
I have e mailed Polo

[888icb] 19/9/2016 00:04

The company you highlighted on the Polo website has Enterprise without an 's'.
I can find an English company of that name but it is clearly doing business in Stirling. There is also a company of that name which is a New Zealand company but I can't find anything about what it does.