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
  +0.00p +0.00% 4.625p 4.25p 5.00p - - - 465,705 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -23.4 -8.0 - 14.42

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Date Time Title Posts
19/4/201709:16POLO RESOURCES14,248.00
16/8/201618:04FORGIVE 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
18/9/201411:29please god make jocks vote YES!-

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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 4.63p.
Polo Resources PLC has a 4 week average price of 4.40p and a 12 week average price of 4.40p.
The 1 year high share price is 8p while the 1 year low share price is currently 3.51p.
There are currently 311,789,151 shares in issue and the average daily traded volume is 321,035 shares. The market capitalisation of Polo Resources PLC is £14,420,248.23.
cfb2: Another way to look at Tang's performance is to ask does he increase the value of your investment by more than $1m per year? He is effectively running an investment fund and taking a management fee for this service. Quite normal to assess a fund over a 5 year period. You'd normally expect it to have performed at least as well as a FTSE tracker. I still haven't found any reason why Perfectus Management and Polo Resource find the need to buy shares in each other and invest in the same companies unless it's to charge double the management fees. These are the sort of reasons that the share price is at such a discount to the NAV.
acamas: spights, Thanks for all your efforts. The point that irks me is that you list Blackman through to Ironstone taking in those other companies in our portfolio all great potential but our share price refuses to reflect this potential. I can recall when this share price was 52p in Dattels time at the helm and Simon Thompson(IC) was talking it up as a possible £1 a share plus. As you are aware I have been here at least 5 years and all that time it has been jam tomorrow. What will change that this year?
roomb: Airdrie, you say the share price dropped because of the commodities slump. OK, but how does that explain the massive gap between the share price and the NAV? do you think that some of the failed investments might have something to do with it? What event or events do you think might cause the share price to rise, given that any new investments are an unknown quantity at present? Spights and 888ICB you post that Blackham is up and encouraging info about quarterly gold production but that has had zero effect on the share price , unfortunately. The only event that I can see that would cause a large increase in the share price would be the green light for GCM. I think that's a gamble, albeit a long shot, that is worth waiting for. But I'm not sure for how long. There's an excellent economic argument for coal in BD, but there are strong political reasons that it hasn't come to fruition so far. Maybe that will change.
888icb: 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: Spights-what do you mean by "lighten up"? I've simply been stating some facts about the share price.I haven't been whooping with joy because the share price just dropped 25%.I just couldn't see the relevance of you posting a link to the Centamin website because there has been no news since October. Why did you post it? I questioned the statement that there was £20 million in cash in Polo's coffers when as far as I can see there is much less according to figures released this June.That's relevant because Polo will be limited in what it can invest in new areas. Now 888ICB has changed the alleged £ to $ but still believes that Polo has $20m to invest. Or does he-I'm not sure what he thinks exactly. Airdie-I think Tang could follow Dattel's example and announce a special dividend to be paid to shareholders following a sale of one or more holdings.That would help to reduce the discount to NAV and would return value to shareholders. Like many people, I'm not in a position to travel to the AGM.
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.
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
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."
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: 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 This information is provided by RNS The company news service from the London Stock Exchange
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
Polo Resources share price data is direct from the London Stock Exchange
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