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POL Polo Resources Limited

1.57
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Polo Resources Limited LSE:POL London Ordinary Share VGG6844A1158 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.57 1.15 1.99 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Polo Resources Share Discussion Threads

Showing 13951 to 13972 of 17800 messages
Chat Pages: Latest  568  567  566  565  564  563  562  561  560  559  558  557  Older
DateSubjectAuthorDiscuss
30/12/2016
09:53
It's effectively becoming a quirky investment trust, only reason to hold is if you think the large discount to NAV will close.
danieldruff2
30/12/2016
09:45
Shawzie, good point. What has happened to the majority of the cash Polo had? Sp down, cash down. Great. Not.
roomb
30/12/2016
09:25
In 2015 as part of a post on this bb;
"As an aside, perhaps Polo should use its cash and diversify away from Natural Resources."

However, perhaps it is now too late, as it seems that there is relatively little cash left in the company with which to diversify.

shawzie
30/12/2016
09:16
More or less Acamas, although I remember Tang saying in the early days he expected share price appreciation to reward holders, obviously not so far depending on timing.

Can't disagree that the Asian market holds attractions but transactions might become (even) less transparent?

I noticed their view that...

"The general market conditions for the natural resources and energy sectors have been extremely difficult and we are not expecting any significant improvement in the near term."

See you all that the AGM then:) - Suite 8.01, 8th Floor, Menara IGB, Mid Valley City, Lingkaran Syed Putra, Kuala Lumpur 59200, Malaysia

paleje
30/12/2016
09:15
Hi Acamas,

The strike price for the share options is at the BoD's discretion; the performance criteria are at their discretion - and may be modified at any time after award; they vest automatically on retirement or redundancy or change of control....

AIUI, the BoD basically propose that they be given 20% of the company.

This is outside the scope of any share awards they may wish/be entitled to grant to third parties.

The existing plan is described as 'dysfunctional', presumably meaning it wasn't functioning in the wealth-transferring mode they'd envisaged.

Not a happy bunny.

Let's see what Mr Market thinks.

ATB

extrader
30/12/2016
08:23
Well have read the RNS and my first reaction is caution because it reads to me as if The Board have freedom to invest money anywhere in The Asian Basin. Will they retain our current investments outside this area? Or sell them off to free up funds for this new strategy ?

Share options did I read they can issue upto 20% of the Share capital from time to time. So can I read this as share dilution from time to time.

However the ultimate aim seems to be no Special Dividends just share price growth.

Is the above a fair resume of the RNS?

acamas
30/12/2016
06:48
Blackham change in holdings
spights
29/12/2016
18:31
FailedQS-I asked reasonable questions.What are the answers?
roomb
29/12/2016
18:07
Will do
😀

spights
29/12/2016
17:56
Hi spights/roomb/FailedQS,

If spights could provide a 'mini9mal effort' 1 or 2 word comment as to topic - director buy, financial close, reserves upgrade, informal approach (just kidding !) - then we'd all be the wiser, the bulletin board would be informed and those not interested could skim past.

Just a thought, to keep everyone happy.

Season's greetings all.

ATB

extrader
29/12/2016
17:17
Roomb - if you're not happy then don't open the link. Simples......Slights - keep on posting.
failedqs
29/12/2016
17:02
By all means enjoy yourself by posting links, but what exactly is the point of posting a link to the Celamin website when there's been no news since October? Are you adding anything to the discussion?
roomb
29/12/2016
15:46
Up again
hxxp://www.hibiscuspetroleum.com/information-for-shareholders

spights
29/12/2016
15:37
hxxp://celaminnl.com.au/
spights
29/12/2016
15:24
I agree that GCM is a "possibility" but I wouldn't put it any stronger than that. It's also a risk-of being worth nothing and also of Tang lending it more money to keep it afloat in the future. I wouldn't claim to be able to predict the future price of gold, but if you look at the long term chart you will see that it has been a lot lower than it is now. The fact is that under Tang, the share price has dropped from 25/30p to 6p. That's why I question the whoops of joy. Spights, how low does Polo's share price have to go before you stop celebrating?
roomb
29/12/2016
14:55
I think a lot of the wind's been taken out of the sails by the decline in Blackhams share price which has lost ~60% since Sept and the outlook for gold isn't good according to the 'experts'. Hibiscus is ameliorating that to some extent. We don't know how long it will be before gold shines again but hopefully Blackhams will recover some of its share price as quantity increases.

GCM seems likelier now imo than at any time in recent years so those of us who've been discounting it, and I was one, maybe shouldn't be quite so much. I think the listless share price is to be expected for now.

I agree with whoever said earlier that spights was the most prolific provider of links on here not to mention the Yeeeaaaaaa's so cheers spights and a happy new year to all.

paleje
29/12/2016
14:50
Polo closed at 7.75p on 29/11/16. Volume was low upto 20/12 when it closed at 7.63p.
A couple of higher volume days then resulted in a drop and the close at Christmas was 6.39 and then UP yesterday to 6.68 again on low volume. Trading is thin in this period between Christmas and New Year so let's see what January brings before we start calling a halt to the very strong rise of over 100% we have seen in recent months.
If the NAV is 14.45 then we are at a massive discount to NAV.
If you think we will not close that gap then clearly if you are invested you should sell and move on. I think current market conditions are good for our investments which will cause them to do well next year but each to his own opinion. Then there is always the possibility of GCM coming good and that really would be cause for a party!

888icb
29/12/2016
13:51
"it recently recovered to 8p" Yes, but it hasn't stayed there, has it? We are currently down to about 6p.Despite speculation about a rise in NAV to over 20p - I recall this was referred to by Spights, NAV is down to 14.45p approx.
More to the point is the reason or reasons for the "massive discount to NAV". Could this be because there is some considerable doubt about whether value will be returned to shareholders?

roomb
29/12/2016
13:47
Yehaaaaaa. Was for Hibiscus
spights
29/12/2016
13:37
To put in more recent context Polos low in April 2016 was 2.65p and it recently recovered to 8p. It continues to trade at a massive discount to NAV and some of Mr Tangs new investments such as Blackham and Hibiscus are doing rather well. Nimini and GCM are from the Dattels era. I think Spights has every reason to be optimistic and the whoop today was for Hibiscus which is doing very well on the rising oil price.
I predict 10p by Easter!

888icb
29/12/2016
13:26
Spights, is your optimism completely unqualified? Even though the share price has dropped from about 30p to about 6p now, you are still whooping with delight. What do you mean exactly by "monkey business"? The NAV is down, gold is down and some of Polo's investments have come to nothing ,for example Nimini. I predict 5p at sometime during January. Things were much better when Dattells was in charge.
roomb
29/12/2016
09:21
The usual monkey business first thing
spights
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