Caledon Resources Share Discussion Threads

[phillis] 09/2/2011 08:16

do you ever take a lie-in Spights?

[spights] 09/2/2011 06:58

1.560 AUD = 0.984265 GBP
Good Morning all.

[spights] 08/2/2011 07:24

1.560 AUD = 0.982284 GBP
Good Morning all
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[spights] 07/2/2011 07:01

1.585 AUD = 0.996221 GBP
Good Morning all and nig the pig.
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[nigthepig] 05/2/2011 18:02

Hi spights - yes that spam link is on just about every share I own and hence every board I visit. IGNORE.......

[spights] 05/2/2011 13:52

spam above ignore.

[spights] 04/2/2011 15:56

Polo they have 10% share buy back in place.

[spights] 04/2/2011 15:55

Share Buyback
Share this article



TIDMPOL

RNS Number : 3081X
Polo Resources Limited
03 December 2010


03 December 2010


Polo Resources Limited
("Polo Resources", "Polo" or "the Company")

Share Buyback

Polo Resources Limited (AIM and TSX: POL) is pleased to announce that on
December 02, 2010 the Company purchased 25,000,000 of its own ordinary shares at
a price of 5.205 pence per share. The shares were purchased in accordance with
the Company's share repurchase programme as previously announced on 5 August
2010 and these shares will be cancelled in due course.

Following the above changes, the Company's issued share capital consists of
2,364,678,955 ordinary shares of no par value each. None of these ordinary
shares are held in Treasury.

Therefore the total number of voting rights in the Company is 2,364,678,955.
This figure may be used by shareholders as the denominator for the calculations
by which they will determine whether they are required to notify their interests
in, or a change to their interest in, the Company under the FSA's Disclosure and
Transparency Rules.

The fully diluted share capital of the Company now consists of 2,380,678,955
ordinary shares.

[spights] 04/2/2011 15:53

Hi dizzylizzy2 CDN its been a long haul and the end is in sight -Polo is now my largest holding. I would buy Polo now if you can..Directors have been buying at around 5.20p.So if you can buy at this price you will have a big winner...BHR I will have a look.

[phillis] 04/2/2011 15:52

Can't stand Branson I'm afraid

[dizzylizzy2] 04/2/2011 15:00

Sounds nice Phillis. Why not try the VA clubcard instead with Amex as you have better perks for eg upgrades to first with fewer points than BA. Just a thought as i have both.

Spights - the end is near for you now and all the dedicated CDNers. all the best your pot of cash. I'm thing of Polo as a possible coal investment but have not yet taken the plunge..yet. Currently I'm invested in BHR; what do you think of that one?

[phillis] 04/2/2011 14:54

Trying to upgrade my BA Exec card!

Started in Delhi and took a posh train to Mumbai

Amazing video of a tiger that walked straight past our truck!
These are the animals that the purchasers like to have killed so they can make potions...
but hey ho, only 24 days left!
Floods in Q should ensure a sufficient level of worry in GRAM to ensure completion....and make you RICH!

[spights] 04/2/2011 14:49

Phillis we are nearly there only 24 days left....

[spights] 04/2/2011 14:47

Wow you are doing some travelling.What part of India ?I went there for over a year with my huband with his job ....Baroda (Gujarat)

[phillis] 04/2/2011 12:12

Spights

Been in India
What's up (apart from CDN coal output....)

[warmsun] 04/2/2011 08:02

Very many thanks marben - truly appreciated.

[ps0u3165] 04/2/2011 07:27

Polo Resources Limited (AIM and TSX: POL) is pleased to announce that further to the announcement on 13 January 2011, the Company has subscribed for 21,226,324 new ordinary shares of Caledon Resources plc ("Caledon") at 90p per share in the second tranche of a conditional placing by Caledon (the "Placing").

Repayment of loans of £14.5 million and AUS$4 million due from Caledon to Polo on 28 February 2011 (the "Loans"), together with associated fees, costs and interest, has been set off against the amount due from Polo to Caledon under the Placing. Polo subscribed for 21,226,324 shares in the Placing resulting in a net outlay by Polo of £805,745.60 after set off of the Loans. Following the successful conclusion of the Placing, Polo now holds 83,311,521 shares in Caledon representing 29.9per cent of the enlarged issued share capital of Caledon together with £2.5 million of Caledon's 8.5% unsecured Convertible Loan Notes 2010.

Commenting on the successful placing, Neil Herbert, Executive Co-Chairman and Managing Director of Polo Resources said:



"The board of Polo Resources is pleased to have increased its stake in Caledon. The conversion of the loan into equity and the further subscription of shares in the placing reaffirm our commitment to Caledon and demonstrates our continued support. Additionally, the successful conclusion of the Placing provides Caledon with the financial foundation to take the Company forward."

[spights] 04/2/2011 07:17

1.575 AUD = 0.994193 GBP
Good morning all =;

[nigthepig] 03/2/2011 20:21

Excellent report Marben - thanks very much

[msawyer11] 03/2/2011 18:24

marben, yes thanks for the agm report

[spights] 03/2/2011 18:18

Mark thankyou again for all your work.I owe you a big drink.

[flyfisher] 03/2/2011 18:05

marben , thanks for the agm report.

[marben100] 03/2/2011 17:28

Hi spightsy et al,

I was at the EGM this morning and have posted details here:

The guts are as follows:

The formal business was dealt with and then the directors accepted informal questions.

1. MT indicated that GRAM had made a firm commitment to complete the deal by the end of this month - sealed over a glass of whisky! They were confident of having the necessary approvals by then. I asked whether Caledon had had any fresh approaches recently and MT indicated not.

2. The production target for 2011 remains 700kt of saleable coal.

3. Maintenance work that had been scheduled over the Christmas period has had to be deferred, due to inability of staff to reach the mine as a result of flooding and will be spread over the course of 2011. That includes the installation of overhead conveyors, to replace harder-to-maintain floor mounted ones, which is not yet complete.

4. As I suspected, open-pit mines have been much more severely affected than Cook and environmental permitting to dewater the pits will be tricky, as the water becomes saline; usual water disposal dams/reservoirs are full and ground is saturated.

5. Though there is transport capacity available, Caledon cannot increase production beyond planned levels to take advantage of short term capacity, because a relatively long lead time would be required to undertake additonal development drivage (plus extra equipment, manpower etc) before production increased significantly.

6. Longer term, coal can only realistically be exported via Gladstone (and, in future, WICET), as Dalrymple Bay, Abbot Point & Brisbane coal terminals are all operating at full capacity - also they do not connect with the Blackwater rail network.

7. Caledon are currently tendering for the environmental impact statement for Minyango to be prepared. This is the major item necessary to be granted the mining licence and the EIS work and licence grant (which would follow shortly afterwards) are expected to take 12-18 months.

8. Drilling so far indicates that ground conditions at Minyango are similar to those at Cook but further drillling needs to be done to confirm this as part of the detailed mine planning.

9. The timescale for bringing Minyango into production is expected to parallel that for WICET phase 1, so that Minyango will be in production as soon as WICET is ready.

Cheers,

Mark