Polo Res.(See LSE:POL) Share Discussion Threads

[haff1] 12/10/2009 09:07

...and down we go!!!

[faraway] 12/10/2009 09:06

Right on cue - I was getting worried that we might have 2 "up" days in a row.

[dia43] 12/10/2009 08:06

At the present rates EXT is worth £119.5m to PRL.

[5dally] 12/10/2009 07:50

Will today be the day we wave goodbye to 5p ??? :-)

[folderboy] 12/10/2009 07:43

So EXT up 5%, good RNS - PRL share price down today then?

[exbiz] 12/10/2009 07:33

EXT up 5%, did hit Aus$10.2 at on e stage

[lizzie ii] 12/10/2009 07:21

From the RNS :-

Neil Herbert, Managing Director of Polo Resources, said:

"Infill drilling on Zone 1 continues as Extract seeks to progress the resource
base into the measured and indicated category. We believe a total resource base
of 500 mlbs is achievable from targets already defined.

"Meanwhile, the Rossing South exploration programme has further extended the
known mineralisation at the project and Extract has now confirmed the discovery
of a new high grade zone. These results are very exciting and should add
significant further value to the project which is already expected to become one
of the world's largest uranium mines."

[spights] 12/10/2009 07:19

yehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
snap

[spights] 12/10/2009 07:17

Exploration Update (Polo)
Date : 12/10/2009 @ 07:00
Source : UK Regulatory (RNS and others)
Stock : Polo Res. (PRL)
Quote : 5.1 0.0 (0.00%) @ 06:00

[sitiain] 12/10/2009 07:11

EXT UP NICELY TODAY...
wonder who will rise the most
PRL KAH URU or EML

[marben100] 11/10/2009 21:02

Here are my figures, currently:

Price Value
Asset Qty (m) US$ US$m

Extract shares 20.74 8.39 174.0
Caledon shares 54.41 0.97 52.8
Caledon loan notes 9.40 0.79 7.5
GCM shares 15.22 1.49 22.7
A-Cap shares 14.87 0.39 5.8
WME shares 49.56 0.14 7.2
Impact shares 11.36 0.18 2.0
Uranex shares 5.70 0.27 1.5

Balance of working capital 48.3

Total 321.8

NB I need to recheck the A-Cap & Impact situation as there have been recent RNSs relating to holdings that I haven't fully studied yet. I also haven't taken account of Extract's rights issue yet (which will improve the figures but reduce the cash a bit) because Polo hasn't yet issued a notice to confirm their position.

The US$321.8m NAV compares with a current market cap for Polo of US$190.2m

DYOR, E&OE - I mean it!

Cheers,

Mark

[jonny flame] 11/10/2009 18:30

exitus acta probat: The result justifies the deed.

[tadska] 11/10/2009 15:35

exitus acta probat

[prospero06] 10/10/2009 21:45

chicogabb.

Not a case of "if" but "when".

[chicogabb] 10/10/2009 21:36

Prospero, i reckon if numbers 2 and 3 happen, Ill def be ordering my Aston sooner than I had thought...! :)

heres for the power of dreams...!

[prospero06] 10/10/2009 21:29

All we need is:

1.CDN to be taken over.
2.GCM to be given the green light for Phulbari.
3.RIO to bid for EXT.
4.Peabody to purchase remainder of PRL's Mongolian assets.

None of this is out of the question,what price Polo then?

[spights] 10/10/2009 13:14

Polo Resources

The company's 9.06% owned Extract Resources announced on the 1st of September that exploration work in Zone 3 at its Rossing South Uranium project in Namibia has returned positive results, with strong uranium mineralisation discovered 1.2 kilometres south of Zone 2 and encouraging spectrometer results 2.5 kilometres south west of Zone 2. In addition 8 drill holes all returned multiple mineralisation intercepts at the Salem project, 10 kilometres south of Rossing South. With a 6.5p target price, the stance remains buy.



10th October 2009 Analyst: Thomas Jones
The September Stocks and Markets review from GE&CR is brought to you by UK-AnaIyst.com‏;

[jimbobaroony] 10/10/2009 08:18

Recalled this post:

marben100 - 6 Jun'09 - 19:18 - 2891 of 5350

Though I'm not invested in Polo, I thought the time had come for me to start tracking it due to its involvement with my other investments. Here is a summary of its investments and NAV figures:


Price Value

Asset Qty (m) US$ US$m



Extract shares 20.75 4.66 96.7

Caledon shares 54.41 0.78 42.7

Caledon loan notes 9.40 0.80 7.5

GCM shares 14.50 1.39 20.2

A-Cap shares 31.89 0.38 12.1

Berkeley shares 10.00 0.98 9.8

WME shares 49.56 0.19 9.4

Impact shares 18.67 0.16 2.9



Balance of working capital 9.2



Total 210.5



Shares in issue 2,136.65

NAV/share (USc) 9.85

NAV/share (p) 6.16


These are calculated using latest share prices and exchange rates (A$ & GBp prices have been converted to US$ prices). The NAV excludes Polo's 50% stake in the Polo/Peabody JV and other Mongolian interests, which may be worth a further US$20-30m currently. Note that dilution of the NAV will occur if and when the various options and warrants issued by Polo are exercised (I observe that Peabody has over 400m warrants exercisable at 4p).

The recent Australian investments have done very well, so far. Now that I've got all of this in my spreadsheet, I can update current values at the push of a button, so feel free to ask if you'd like me to publish an update at any time.

Cheers,

Mark

____________


Polo have sold off some assets and others have increased. Any chance of an update Mark, otherwise I'll have to get the calculator out!!

[prospero06] 09/10/2009 20:07

Nice strong finish,maybe we can break the 5.25p resistance next week,third time lucky!

[soundbuy] 09/10/2009 16:23

oh... a tick up ..

[soundbuy] 09/10/2009 16:15

Perhaps positive press over weekend re EXT/KAH could rub off here ....
We live in hope...

[roughandtumbleone] 09/10/2009 14:51

Some large orders filtering through as I type... 2.3M, 1M, 500K all at 5p...

Interesting time ahead?!

Best of luck,

R&T