Polo Resources Share Discussion Threads

[spights] 04/1/2017 00:40

large scale open pit potential

[spights] 03/1/2017 14:12

Hibiscus up again
Fantastic buy by Tang
hxxp://www.hibiscuspetroleum.com/information-for-shareholders

[roomb] 03/1/2017 13:14

aidrie, in the past when Dattells was in charge the two excellent special dividends we received helped the share price , IMHO, because he established a track record of returning value to shareholders. I believe that was at least part of the reason for the lower discount to NAV when he ran POLO. By all means blame the decline in commodities if you wish, but I think Mr Tang needs to demonstrate that he can return value to shareholders.So far we have a faltering share price I am a long term holder of POLO, if that makes any difference to my point of view, and accusing me of posting my views because I am "lonely" is absurd.I understand that you don't agree with me but there is no need for personal attacks.

[acamas] 03/1/2017 12:24

pembury,

When you use the word "they" whom do you really mean. I am puzzeled as to what is acting as the brake here because the assets with little or no value attached to them seem to me to be way undervalued in assessing this company's worth

[pembury] 03/1/2017 12:16

if cash is equal to market cap surprised they value the assets at next to nothing?
gcm approval could see this go

[airdrie] 03/1/2017 05:41

Do your own bloody research.

[spights] 03/1/2017 05:03

Happy New Year all

[shawzie] 03/1/2017 00:19

Airdrie - can you list the big institutions referred to in your post?

[airdrie] 02/1/2017 10:39

Nick Greenwood still seems to think so.
If the big Institutions are in then you know they've done their homework and there is plenty of legs here.

[airdrie] 02/1/2017 10:37

I think the reason for having access to the money short term was because of the sector climate. Now that sentiment has improved and is moving in the right direction an emergency fund is no longer needed as much. Therefore the money could be used elsewhere. Hence , in my opinion, is the reason the team want to start investing some of the money but in other fields away from commodities which isn't a bad idea at all. They've obviously got their eye on a stock/stocks which they feel is really worth getting into and looking at their recent choices I'm very interested in what they might invest in.
I for one will be adding to my holding as I believe Polo is going to be a great little investment.
All just my opinion of course.

[acamas] 02/1/2017 08:30

shawzie,


If Mr Tang has invested the cash difference of $10/11 million in short term investments, then he may not be able to turn that sum quickly into cash. I think the answer to that question can only come from The Company. My reading of the R&A is that at the end of June $20 million is recorded and in December Mr Tang is saying we still have that $20 million but it has been moved around a little, however it is still part of the over all grouping classed as Current Assets.

Therefore I am struggling to understand why you consider this to be so important! We had $20 million six months ago and broadly speaking we still have that $20 million at December is my understanding of the wording in the R&A. How one divides the pie up is another matter.

Just a suggestion Mr Tang might be building a war chest for later on this year but in the short term feels he does not need to have so much cash laying around earning very little in current accounts. No doubt our Accountants would have advised him to take this step

On second thoughts our market cap is $24.3 million and to have $20 million in cash or cash equivalents might be considered skewed. So short term you do need to make better use of this large sum imo

[888icb] 01/1/2017 21:58

You and your friend may have been looking at cash and cash equivalents and no one is disputing the 9.615 million you refer to. The point everyone else is referring to is the larger figure of 20.29 million set out in the report which includes the 9.615 but also receivables and short term investments. The point is that as at 9thDec there is essentially USD 20.29 million available to invest. It is not helpful to to focus on the 9.615 as it doesn't give the full picture and I am sure you would want to mislead people.

[shawzie] 01/1/2017 21:15

From the Financial Summary:
"Combined total of cash, receivables, payables, listed and unlisted equity investments of USD56.97 million as of 9 December 2016 (30 June 2016: USD52.52 Million).
Listed and unlisted investments at marked to market value, cost and valuation amounted to USD39.93 million (30 June 2016: USD34.93 million)."

It seems quite clear that CASH,receivables and payables at December 9, 2016 amount to
US$17.04 million and at June 30, 2016 amount to US$17.59 million.

The Accounts clearly show that CASH and CASH equivalents at June 30, 2016 amount to US$9.615 million and as I have previously posted this is a fall from US$21.55 million shown in the 2015 Accounts.

I thought that roomb and I were looking at readily available CASH and CASH EQUIVALENTS. These are not my figures, but supplied by Polo, so if you do not like them take it up with Polo.
It is fair to say that most people see what they want to see. Someone standing behind an elephant would give a description of the animal very different to someone standing at the head - but still the same animal. PAX to you all.

[airdrie] 01/1/2017 15:17

Just for the record I welcome reasonable arguments both positive and negative about Polo

[airdrie] 01/1/2017 15:14

Are the reasons for the share price drop different from other commodities focused companies?
When the share price was at 40p the sector was in s "super Bull" market. Which like all things comes to an end. This last past year sentiment had improved and with it Polo share price
how much % had it gain last year?
Also the company is on the Aim so very volatile.
Roomb do you have anything positive AT ALL to post.
If you are short I'd be interested to know what price you got in at and what is your sell price.
Many thanks.
If you keep with the senseless, uninformative and often misleading posts then I'll have to filter you as you are becoming quite boring and predictable. If you have any genuine interest in Polo as an investment (long) then i won't.
Perhaps you are lonely? I can understand then why you'd want to keep the nonsensical comments and counter comments flowing.
Anyway all the best for 2017

[roomb] 01/1/2017 14:55

airdrie-No that's not what I'm telling everyone. There are reasons that the market has put the share price where it is.In the past when Dattells was in charge the share price was at one point at 40p with very little discount to NAV.

[acamas] 01/1/2017 11:19

pembury,

Would seem so to me from past disscussions on this board. Weird to say the least( a sense of disbelief).

[pembury] 01/1/2017 09:18

So basically the current cash position of POLO is just about equal to market cap with all
the asset base valued at zero $0?

[acamas] 01/1/2017 08:20

Happy New Year to all POL stalwarts

[acamas] 31/12/2016 16:16

Roomb,

"The financial assets comprise cash balances in current and interest earning bank accounts at call and three month deposit. The financial assets earn a range of interest rates throughout the period depending on rates
available and ongoing cash commitments at any one point in time."

The above is the item I was referring to concerning 3 month short term investments

[airdrie] 31/12/2016 14:40

Roomb you are answering your own question. Your telling everyone what a fantastic opportunity Polo is as the share price is so undervalued at the minute, great chance to make some money.
I wish all posters were like you. Showing potential investors what a good financial position the company is in and how well informed our posters are.

Many thanks Roomb and all the best with your investment in 2017 and all the rest of the posters as well.
I'm off for a few beers...

[888icb] 31/12/2016 14:19

Roomb I see your specialist subject is now stating the bleeding obvious that the current share price is 6.3p. I suppose it is progress that you are accepting a financial figure written in black and white but no one is disputing that. Quite clearly because the actual NAV is 14.45p the market is not prepared to recognise the true value and that's what creates investment opportunities. Whether the market is choosing not to value the investments or the cash matters not. The 20.29 million exists and is available to use that is a fact and should give you comfort that the current share price is virtually covered by cash.
If you don't think this value will ever be reflected in the share price and 6p is as good as it gets then you should clearly sell if you are a holder and move on. There is nothing to explain as you well know so try and enjoy what's left of 2016 doing something positive.

[roomb] 31/12/2016 13:41

888ICB - the market thinks POL is currently worth about 6p a share.
That is despite : "the 20.29 million exists and is available to invest". Approx. £16m divided by about 311m shares = 5p a share. So all of Polo's other holdings are valued at only 1p per share by the market.
Pol's holdings of Hibiscus and Blackham together are valued by the market at less than 1p per share. How do you explain that?

[888icb] 31/12/2016 12:33

What does it matter whether a small amount of the USD20.29 million would take 3 or even 12 months to convert into actual cash in a bank account. The fact remains that the 20.29 million exists and is available to invest. If we needed it tomorrow I have no doubt we could borrow against it.
We have all got the message that you don't like Polo but no one forced you to invest and you have been at liberty to sell your shares everyday since you bought them if you didn't like what was happening. Just remember Mr Tang paid 40p for his when the shares were trading way below that price so he is losing far more money than you.