Share Name Share Symbol Market Type Share ISIN Share Description
Polo Resources PLC 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
  -0.365p -4.79% 7.26p 7.26p 8.00p 7.26p 7.26p 7.26p 112,705.00 12:03:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -39.0 -14.1 - 22.64

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Date Time Title Posts
09/12/201610:18POLO RESOURCES13,860.00
16/8/201617:04FORGIVE ME IF I AM BEING STUPID BUT ...........14.00
23/3/201619:00Ban cadbury-
05/3/201517:02get your snout in this trough.5.00
18/9/201410:29please god make jocks vote YES!-

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Polo Resources (POL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:47:297.9210,000792.00O
12:17:497.9272,2275,720.38O
12:12:127.6210,260782.09O
12:05:477.626,560500.05O
08:07:207.2613,658991.57AT
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Polo Resources (POL) Top Chat Posts

DateSubject
09/12/2016
08:20
Polo Resources Daily Update: Polo Resources PLC is listed in the Mining sector of the London Stock Exchange with ticker POL. The last closing price for Polo Resources was 7.63p.
Polo Resources PLC has a 4 week average price of 7.55p and a 12 week average price of 6.55p.
The 1 year high share price is 8p while the 1 year low share price is currently 1.75p.
There are currently 311,789,151 shares in issue and the average daily traded volume is 230,616 shares. The market capitalisation of Polo Resources PLC is £22,635,892.36.
15/11/2016
17:22
spights: He suggests we look at Weatherly International (WTI) as its share price has doubled in a week. It has mines in Namibia. In October its price was 0.28p. Now its 0.97p. Not bad, eh? - See more at: hxxp://www.shareprophets.com/views/25265/wild-rides-rides-again-with-two-coppery-commendations-which-are-not-at-all-wild#sthash.GQsCXqv1.dpuf
05/10/2016
17:56
jennis2002: roomb...its in it for free in my valuation as i'm valuing it at 0. like i said share price is underpinned by cash and BLK. yes i do believe that unfounded news-piece did knock 0.5p off the share price but GCM quickly recovered, but POLO didn't regain. Market makers will and would knock POLO or any company down on any negative news, whether fact or fiction. As for the loan, very good point, £3million exposure on that, so ill value GCM at -3million. we also have many other investments and hopefully another of them proves profitable, certainly potential exists on a number of fronts. does anyone know how regalis (ex signet) is doing these days? I stay long due to NAV and potential of portfolio POL holds.
16/9/2016
10:07
paleje: Macquarie Bank published an article on gold on Wednesday, the bulk of it is BLK starts about 1/3 down but the whole article is readworthy:- Macquarie says never a better time to build an Australian gold mine Macquarie says never a better time to build an Australian gold mine Published on: Sep 14, 2016 | by Trevor Hoey Analysts at Macquarie Wealth Management highlighted in a recent review (Australian Gold Miners: 12 September 2016) of the global gold sector that there had never been a better time to build an Australian gold mine with developers benefiting from low operating and capital costs, highly skilled workforces and contractors, as well as the benefits of a lower Australian dollar relative to the US dollar. The broker’s preferred plays among miners in the development stage are Gold Road Resources (ASX: GOR) and Dacian Gold (ASX: DCN). However, in the last 12 months shares in Dacian Gold have increased from circa 50 cents to recently hit a high of $4.00 (+700%) and are currently trading within 10% of that mark. GOR’s shares more than doubled in 2016 to hit a high of 75 cents, but have retreated to 60 cents in the last two months. It should be noted here that analyst’s forecasts and price targets may not necessarily be met. Similarly, historical trading patterns should not be used as the basis for an investment decision as these may not be replicated in the future. A large percentage of gold stocks that rerated strongly in the first half of 2016 have come off over the last two months as sentiment towards the sector cooled. This is reflected in the S&P/ASX All Ordinaries Gold index (XGD) which hit a high of 5760 points in July, but has since fallen to yesterday’s close of 4664 points, representing a decline of nearly 20%. In delivering its take on the sector, Macquarie provided extensive analytical overviews of global metrics taking into account projected production, capital expenditure, operating costs, PE multiples and enterprise value to EBITDA ratios. Examining individual stocks in the universe of companies covered by the broker and taking into account averages for both global and Australian based developers there was one company in Blackham Resources which sits outside its area of coverage that had comparatively compelling fundamentals. Blackham Resources gld Blackham Resources (BLK) is at an attractive stage in that much of the hard capex intensive work has been done in terms of development, and material production is imminent. Of significance though is the fact that production is poised to ramp up substantially over the next 2 to 3 years as the company expands existing projects and increases output by tapping into its four large gold systems which have a combined resource of circa 5 million ounces. Consequently, there is better visibility around costs, production and earnings than is generally the case with developers that are more than a year out from maiden production. While management anticipates combined production to hit the circa 200,000 ounces per annum mark in the medium term, in order to make meaningful comparisons with companies analysed by Macquarie we have focused on the group’s fiscal 2018 profile. gld2 As is the case with any stock, BLK’s metrics are impacted by share price movements and it is worth noting there has been a pullback from a 12 month high of $1.18 to Tuesday’s close of 76.5 cents since sentiment towards the sector waned. Given that this represents a 35% decline, substantially more than the pullback in the gold index, the company’s current trading range may represent a useful entry point. As a means of reference, the 12 month consensus price target is $1.15. Reg Spencer from Canaccord revised his numbers in mid-August, prompting an increase in BLK’s price target from $1.05 to $1.20, implying upside of nearly 60% to yesterday’s closing price. The numbers tell the story Based on BLK’s current share price it has a market capitalisation of $216 million. The company had net cash of approximately $3 million taking into account debt of $29.3 million as at June 30, 2016. Consequently, its enterprise value is approximately $213 million. The average enterprise value to EBITDA ratio of Macquarie’s universe of Australian junior ‘intermediaries’ (currently producing, but ramping up production in the near to medium-term) relative to fiscal 2018 projections is four. BLK’s fiscal 2018 enterprise value to EBITDA ratio is 2.2 relative to Canaccord’s expectations of the company achieving EBITDA of $95.4 million in that year. These projections are based on the company achieving production of 105 million ounces, a US dollar gold price of $1391 per ounce and a AUD:USD exchange rate of 73.3 cents. This would imply an Australian dollar gold price of $1896 per ounce as opposed to the current price of circa $1760 per ounce. Analysts at Macquarie highlighted the impact of historical trend whereby the Australian dollar generally falls in the event of US dollar gold weakness, effectively providing a hedge for Australian gold producers. Consequently, Spencer’s projections look close to the mark. Using a PE multiple comparison, BLK really comes into its own, trading on a fiscal 2018 PE of three. This compares with Macquarie’s average junior Australian producer intermediary multiple of 10. Canaccord is forecasting BLK to generate a net profit of $62.9 million in fiscal 2018, implying earnings per share of 25 cents. Applying the average PE multiple of 10 would imply a share price of $2.50, a premium of 230% to yesterday’s closing price. If BLK were to trade in line with its peers on an enterprise value to EBITDA basis this would imply an enterprise value of circa $380 million which would translate to a share price of $1.35. Remember, past share price performance do is not guarantee future performance and a professional financial advisor should be sought if considering this stock for your portfolio. Consequently, comparisons of metrics as outlined above suggest that BLK could rerate in the near term, but at the very least outperform its peers if sentiment towards the sector (particularly Australian producers) recovers http://finfeed.com/mining/blk/macquarie-says-never-better-time-build-australian-gold-mine/20160914/
16/8/2016
00:49
sh0wmethemoney: Blk Mcap@ $1.07 = 272.1 (POL share 8.11%) = $22,067,310 = £13,142,637GCM Mcap £12,360,000 (POL share 27.8%) = £3,436,080Total worth to POL = £16,578,717POl Mcap £19,070,000 meaning Blk and GCM alone are worth 86.93% of POL Mcap, put rest of investment in, and the growth potential of the two above and I would say once the crowd wake up to this it's going to go North!
04/7/2016
06:17
spights: 2015 POLO RESOURCES LIMITED ("Polo" or the "Company") POLO INCREASES DIRECT INTEREST IN BLACKHAM RESOURCES Polo Resources Limited (AIM: POL), the natural resources investment company with interests in gold, oil and gas, coal, iron ore, copper and phosphate, is pleased to announce an increase in its direct interest in Blackham Resources Limited ("Blackham") (ASX: BLK), an Australian gold exploration company listed on the Australian Stock Exchange. Polo has agreed to acquire 10,000,000 ordinary shares of Blackham for AUD$2.1 million (approximately £980,000) or AUD$0.21 per share, a 10.6 per cent discount from Blackham's closing share price on 18 November 2015, from Perfectus Management Ltd ("Perfectus") by way of issuing and allotting 25,016,484 new Polo ordinary shares at an agreed price of 3.92 pence per share to Perfectus, a 36.11 per cent premium to Polo's closing share price of 2.88p on 18 November 2015. Perfectus is a 49 per cent owned associate of Polo. Blackham had audited net assets of AUD$17.75 million as at 30 June 2015. The new shares will represent 8.28 per cent of Polo's enlarged issued share capital, bringing Perfectus' total holding in Polo to 10.92 per cent. Upon completion, Polo's undiluted interest in Blackham will increase from its current direct holding of 2.37 per cent to 7.36 per cent, resulting in a combined direct and indirect holding of 10.3 per cent, of which 8.8 per cent is attributable to Polo. Application will be made for the 25,016,484 new ordinary shares, which rank pari passu with Polo's existing issued ordinary shares, to be admitted to trading on AIM. Admission is expected to become effective on or around 24 November 2015, following which Polo's enlarged issued share capital will amount to 301,956,793 ordinary shares. The Company does not hold any ordinary shares in treasury. Datuk Michael Tang, Executive Chairman, commented: "Our increased interest in Blackham demonstrates confidence in the potential for this company to generate strong shareholder returns. "The recently released Pre-Feasibility Study for Blackham's Maltida Gold Project demonstrates robust economics and a relatively low capital requirement to reach production. Blackham's management team expects to complete the Definitive Feasibility Study by first Quarter 2016 and continues to add significant tonnages and grades to the gold inventory."
27/4/2016
08:23
roomb: Thanks paleje, the most recent RNS I think is this one: http://uk.advfn.com/stock-market/london/polo-resources-POL/share-news/Polo-Resources-Limited-BLACKHAM-RESOURCES-INVEST/70754599, which says it's 7.12%, so I think the POL website isn't up to date on this. You are right that Blackham alone is worth quite a lot of POL's share price
04/11/2014
08:28
spights: Polo Resources Limited FURTHER INVESTMENT IN CELAMIN HOLDINGS NL Date : 04/11/2014 @ 07:02 Source : UK Regulatory (RNS & others) Stock : Polo Res. (POL) Quote : 8.5 0.0 (0.00%) @ 08:00 HOME » LSE » LSE » Polo Resources share price Polo Resources Limited FURTHER INVESTMENT IN CELAMIN HOLDINGS NL Print Alert TIDMPOL RNS Number : 0515W Polo Resources Limited 04 November 2014 4 November 2014 Polo Resources Limited ("Polo" or the "Company") FURTHER INVESTMENT IN CELAMIN HOLDINGS NL Polo Resources Limited (AIM: POL), the natural resources investment company with interests in gold, oil and gas, coal, iron ore and phosphate, announces that it has entered into a sub-underwriting agreement with Patersons Securities Limited as part of an underwritten renounceable entitlements offer (the "Offer") being undertaken by Polo investee company Celamin Holdings NL ("Celamin")(ASX: CNL), under which Celamin proposes to raise up to A$8.8 million by the issuance of approximately 880 million new ordinary shares at A$0.01 each. Under the agreement Polo will firm sub-underwrite 112,565,962 new ordinary shares in Celamin at A$0.01 each for A$1,125,659.62 in respect of its pro rata entitlement under the Offer, and will priority sub-underwrite up to a further 187,434,038 new ordinary shares in Celamin at A$0.01 each for A$1,874,340.38. The maximum exposure under the underwriting is therefore A$3,000,000. The funds will be used by Celamin to repay outstanding loans, for continued work on the Bankable Feasibility Study ("BFS") for the Chaketma Phosphate Project and general working capital requirements. The Offer is underwritten by Patersons Securities Limited with Polo and African Lion Fund, both existing shareholders, and certain members of Celamin's management as sub-underwriters. The sub-underwriters will, subject to Celamin shareholder approval, be entitled to 1 free sub-underwriter option for every 2 new Celamin shares sub-underwritten, exercisable at A$0.02 each on, or before, 29 February 2016. In March 2014, Polo acquired a 12.7 per cent stake in Celamin. Polo will announce its final stake as soon as practicable after the closing of the Offer. Celamin's lead asset, the Chaketma Phosphate Project is currently at BFS stage. The Chaketma Phosphate Project consists of six prospects and covers a total area of 56 km(2) . It is located 210 km south-west of the Tunisian capital, Tunis and is just 35 km from the nearest railhead, which connects to the Port of Goulette/Rades, currently targeted for export. The project has a total JORC Inferred Resource of 130 Mt at 20.5 per cent phosphorous pentoxide ("P(2) O(5) "), which has been defined over two of the project's six prospects. This Resource statement underpins the potential for an operating mine life of more than 35 years, based on the 2012 Scoping Study findings. Drilling to date has intersected thick mineralised zones averaging 10-15 metres (to a maximum around 40m in areas), at favourable depths. Independent metallurgical studies have verified the potential to produce marketable concentrate acceptable to international offtakers. For further information, please contact: Polo Resources Limited Kudzayi Denenga, Investor Relations + 27 (0) 787 312 919 ZAI Corporate Finance Ltd (nominated adviser) Ray Zimmerman, Peter Trevelyan-Clark +44 (0) 20 7060 2220 Liberum Christopher Britton, Thomas Bective +44 (0) 20 3100 2000 Blytheweigh Tim Blythe, Halimah Hussain +44 (0) 207 138 3204 About the Company Polo Resources Limited is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For complete details on Polo, refer to: www.poloresources.com. CAUTIONARY STATEMENT The AIM Market of the London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Polo. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Polo assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. The Company's exploration and investment activities may also be affected by a number of risks, including legal, political, environmental, economic, financing, permitting, commodity, exploration and development and other market risks which are normal to the industry and referenced in greater detail in the Company's 2013 Annual Report for the period ending 30 June 2013, which may be found on the Company's website at profile on www.poloresources.com. This information is provided by RNS The company news service from the London Stock Exchange
01/6/2014
22:16
gary38: The thing that puzzled me was why appear to pay an 85% markup for this chunk of Blackham shares when you can get them on the open market for less. In fact, if you look at the figures you see that Polo have managed to acquire a very substantial exposure to Blackham, and have done so by paying no more than the current $0.20/share price. If they had tried to do that on the open market then the share price would have increased with a big buyer in town. Instead, this deal with Perfectus has allowed them to take a big stake without affecting the share price It's not actually a 85% market, we were forgetting a key bit of this deal.Let me explain my thoughts here. Now the key thing here is that Polo is taking a stake in Perfectus. It is NOT buying the Blackham shares from Perfectus, nor is it buying anything from Gutnick. This is important because the value of those Perfectus shares includes ALL the assets that Perfectus has in the portfolio, not just the Blackham shares. This becomes important in a moment.From RNS: "Polo has agreed to subscribe for 49 per cent of the enlarged capital of Perfectus Management Limited ("Perfectus"), which in turn owns 15,888,495 ordinary shares (or 15 per cent) of Blackham's issued fully paid ordinary share capital."In other words, Perfectus have issued new shares that Polo have subscribed to, which in turn has diluted the holding of Gutnick and ANOther in Perfectus. They own 51% (controlling), Polo own 49% of Perfectus. In return for this shareholding, Polo have put AUD $1m of cash into Perfectus and $2m of Polo shares (the number being equivalent to a 15p price).Now comes the interesting bit. What is the value of the 49% of Perfectus that Pol has bought? Because it's not just the Blackham shares, it's also the cash and Polo shares that are now part of the Perfectus portfolio. Explicitly, it is 49% of:15,888,495 Blackham shares (current open market value $0.20/share) - $3,177,699$1,000,000 in cash$2,000,000 in Polo shares.Total Perfectus portfolio is therefore $6,177,699, and Polo own 49% of it. 49% of $6,177,699 is $3,020,072Or, in other words, Polo have bought $3m of assets for $3mThis from another board .Please comment
28/5/2014
06:12
gary38: Polo Resources Limited POLO INCREASES INTEREST IN BLACKHAM RESOURCESShare On Facebook PrintTIDMPOLRNS Number : 1654IPolo Resources Limited28 May 201428 May 2014Polo Resources Limited("Polo" or the "Company")polo increases interest in blackham resourcesPolo Resources Limited (AIM: POL), the natural resources investment company with interests in gold, oil and gas, coal, iron ore and phosphate, is pleased to announce an agreement to increase its interest in Blackham Resources Limited ("Blackham") (ASX: BLK), an Australian gold exploration company listed on the Australian Stock Exchange.Polo has agreed to subscribe for 49 per cent of the enlarged capital of Perfectus Management Limited ("Perfectus"), which in turn owns 15,888,495 ordinary shares (or 15 per cent) of Blackham's issued fully paid ordinary share capital. In consideration the Company will pay AUD 1 million in cash and AUD 2 million by way of issuing and allotting 7,317,564 new ordinary shares at an agreed price of 15 pence per share to Perfectus, an 18 per cent premium to Polo's closing share price on 27 May 2014. The new shares will represent 2.64 per cent of Polo's enlarged issued share capital. Upon completion, Polo's undiluted interest in Blackham will increase from its current direct holding of 4.2 per cent to a combined direct and indirect holding of 11.85 per cent.In addition, the Company has the right to purchase a further 49 per cent of Perfectus within the next two years for AUD 3 million to be satisfied by the issue or transfer to the vendor of ordinary shares in Polo at an agreed price of 15 pence per share. Exercise of the option would increase Polo's interest in Blackham's current issued share capital to approximately 19.2 per cent. As part of the agreement a call option has also been placed on Polo's interest in Perfectus with an exercise price set at the higher of 49 per cent of the net asset value of Perfectus or AUD 4.5 million, representing a premium of at least 50 per cent to Polo's headline entry price.Application will be made for the 7,317,564 new ordinary shares, which rank pari passu with Polo's existing issued ordinary shares, to be admitted to trading on AIM. Admission is expected to become effective on, or around, 2 June 2014, following which Polo Resources' enlarged issued share capital will amount to 276,940,309 ordinary shares.Michael Tang, Executive Chairman, commented:"Our increased interest in Blackham demonstrates our confidence in the potential of its gold exploration assets and of its management to generate strong sharehold
19/5/2014
09:34
cfb2: Acamas: The only good news I can think of that as the share price drops the discount to NAV becomes even more tempting to those looking for a bargain. :) I'm afraid I've finally bailed on this one. My reasons are: * Disliked the most recent deals I disliked the most recent investments. The diversification was good but the lack of a quality deal that Dattels would manage. If I were investing in the companies direct I would have achieved the same pricing. * GCM board now manages Polo. This gives Polo a definite steer towards GCM. I don't believe GCM will ever be allowed to happen. If it does happen it will be decades and by then Polo licenses will have expired. I believe this is one that Dattel just got wrong. * Polo costs increased for no gain We've taken on GCM board and we'll be paying their salary. As a large investor of GCM, Polo already had access to the expertise from these people. They haven't taken the opportunity to bring in new skills or contacts. Really poor management attempting to "play it safe" by bringing in his chums. * Share price restricts any capital raising options New purchases are going to have to be made from sale of existing assets. Signet has proven profitable but that was a Dattel purchase. Assets that Dattel purchased will eventually run out and Polo will be left with GCM and what Tang has bought. So far these are not great and no discount. * Delisting from Aim a possibility Someone suggested that this could delist. I see that as a distinct possibility that they might try and make a move with a clean slate. It'll force UK ISA shareholders to realise their loss; probably when the share price is at an all time low. * 40p share price purchase irrelevant I keep seeing people post that Tang paid 40p for his stake in Polo which sets the expectation for the share price. The 40p was the mark to market price. Needless to say some of the assets on the book, such as GCM, have inflated that price. So, I've given Tang a little over a year. Thoroughly unimpressed. Over the years I've done well in Polo as a result of the dividends but the decimation in share price has now left me with a loss. Good luck to those still holding. CFB
Polo Resources share price data is direct from the London Stock Exchange
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