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

[laserdisc] 19/11/2009 18:00

good volume today

[tadska] 19/11/2009 17:19

Looks like somebody liked AGM and now buying

[haff1] 19/11/2009 12:09

...anyone go to AGM and could kindly give a short report on anything of note?

[strollingmolby] 18/11/2009 16:46

Perhaps marben is still asking questions! ;o)

[rovers2] 18/11/2009 16:02

Where is the AGM RNS statement? Agm is now, perhaps it will come out after the markets close.

[prospero06] 18/11/2009 14:41

Australian explorer identifies big uranium target in Botswana.

Impact Minerals believes its on the track of a potentially large new uranium province in Botswana after defining the Lekobolo prospect that covers about 110 square kilometres and contains elevated uranium-in-soil values.

Author: Ross Louthean.

Posted: Wednesday , 18 Nov 2009

PERTH -

Active Botswana explorer Impact Minerals (ASX: IPT) said today that its Kekobolo prospect has a geological setting similar to the Letlhakane uranium deposit, owned by another Australian explorer A-Cap Resources Ltd (ASX: ACB).

Lekobolo is 20 km along strike to the south west of the large Letlhakane uranium deposit that covers an area of about 30 sq km. A-Cap Resources has reported its project has an inferred resource of 98 million lb of uranium oxide grading 158 ppm at a cut-off grade of 100 ppm. That deposit is hosted by near-surface calcrete and by Karoo Group sediments.

Impact's managing director Dr Mike Jones said there has been no previous drilling for uranium in the Lekobolo area.

Impact's ground-holding in Botswana comprises 27,000 square kilometres of granted Prospecting Licences that cover the prospective Karoo Group sedimentary rocks and the younger Kalahari Group sediments and calcrete.

Soil surveying at Lekobolo comprised 945 samples taken at 500 metre intervals along lines one kilometre apart and analysed for uranium by the MMI-M partial digest method at a laboratory in Perth.

Jones said the soil results defined a large area up to 16 km long and 7 km wide that trends north west to south east and contains elevated uranium-in-soil values of between 5 and 200 times background. There are at least six priority targets that cover almost 30 sq km.

Follow up field checking is in progress and so is selection of specific areas to be drilled in December, weather permitting.

Some parallels were drawn to the prospect with Paladin Energy Ltd's Kayelekera uranium project at its second uranium mine in Africa.

Jones said the uranium-in-soil results at Lekobolo are significant and support the high prospectivity for both Karoo and calcrete-hosted uranium mineralisation.

[2viewer] 18/11/2009 13:39

?

care to elaborate unkle

[unkle77] 18/11/2009 13:32

WHats this I hear about Polo buying out Caledon?

[brian1944] 18/11/2009 10:25

Exceptional Results from Extract Resources (Kalahari Minerals)





TIDMKAH

Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration

18 November 2009

Kalahari Minerals plc ('Kalahari')

Exceptional Results from Extract Resources



Kalahari Minerals plc, the AIM listed resource company with uranium, gold and
base metal interests in Namibia, is pleased to provide an exploration update
published by Extract Resources Ltd ('Extract' or 'the Company'), in which
Kalahari's subsidiary, Kalahari Uranium Limited, holds a 40.44% interest, on
the large, high grade, granite hosted uranium system at Rossing South, part of
Extract's world-class Husab Uranium Project.



Kalahari Chairman Mark Hohnen said, "The exceptional assay results again
underpin the breadth of Rossing South and confirm the global significance of
this massive mineralised system. The continuity being confirmed by the
in-fill drilling at Zones 1 and 2 is advancing the resource to Measured and
Indicated status which is obviously crucial for the bankable feasibility
study. Importantly all zones of uranium mineralisation are still open at depth
and along strike, in at least one direction, which reinforces our belief that
the estimated resource figure of 500 million pounds U3O8 for the project is
highly conservative. Additionally at the Salem prospect, located approximately
10km south of Rossing South Zone 2, every hole drilled intersected multiple
zones of anomalous uranium mineralisation from shallow depths, which again
highlights the huge potential of the ever expanding Husab Project."



Extract announcement:

[mr.oz] 17/11/2009 21:45

Interesting read , but a lot more than normal of "speculative analysis" IMO.

[azalea] 17/11/2009 17:30

brian1944
Very interesting - cue Mongolia!

[brian1944] 17/11/2009 15:50

China Coal Imports May Double on Infrastructure, JPMorgan Says



Chinese coal imports may exceed 100 million metric tons in 2009 and rise to 200 million tons annually over the next several years, JPMorgan said in a report yesterday. China imported about 41 million tons last year, Bloomberg data show.....

[dumbo4] 17/11/2009 15:12

Was the 1,500000 a buy or sell ?

[brian1944] 17/11/2009 13:24

17 November 2009

COMPANY ANNOUNCEMENT/MEDIA RELEASE

Extract Resources assessing strategic partnership opportunities to progress the development of Rossing South

Extract Resources Limited (ASX, TSX, NSX: EXT) commenced a comprehensive review of strategic options in May 2009 for the development of Rossing South, part of the company's world class Husab Uranium Project in Namibia.

The strategic review being carried out by corporate advisers Rothschild, in conjunction with the company, has already identified a number of potential development pathways for Rossing South. At this stage no decision has been made on the preferred development option for the project.

As part of the continuing process, Extract has now invited interested parties to submit proposals for their potential partnership in the development of Rossing South, including outlining the basis of their interest and how they can assist with bringing the project into production in the most timely and efficient manner. Proposals will be carefully evaluated and compared against all other available options, including the development of the project solely by Extract, through its 100 per cent-owned subsidiary, Swakop Uranium.

Due to the size and quality of the Rossing South deposit, Extract has received extensive interest from a number of parties seeking to participate in the project's development. Extract will keep shareholders informed of any material developments.

In the meantime, Extract is continuing to progress the Rossing South Feasibility Study (due for completion by mid-2010), as well as delineating the significant new zones of mineralisation that continue to be discovered.

Extract believes that the strong level of interest already received from potential partners supports the company's view that Rossing South has the potential to become one of the world's leading uranium mines, capable of producing 15 Mlbs of U3O8 per year, delivering significant returns to shareholders and material benefits to Namibia.

ENDS

[azalea] 17/11/2009 13:02

gurp
Very interesting.Your experience reinforces my view that we will not see a new UK reactor in time to plug the energy gap here. What we (PRL holders) need is serious jump in oil prices resulting from a supply shortage as countries emenrge from recession. Heaven knows there have been enough warning to that effect from CEO of major oilers and the findings of 'serious' reports. I think 2011 will see some moves to that effect and in 2010 increased activity in the energy resources sector.

[gurp] 17/11/2009 11:58

azalea - started my working life constructing nuclear stations (Dounreay) & a very long time period from initial go-ahead to firing up but U sources do need to be secured early. PRL really do seem to have the right interests in coal & U

would give some comfort to bounce off the recent DB

[azalea] 17/11/2009 08:00

gurp
The IC article mentioned the decommisioning of nuclear weapons - the latest agreement ends in 2013 and "the uranium isn't always of optimum quality!". Whether countries are right in believing that nuclear plants are the only viable means of meeting their energy needs might be a moot point, however there appears to be no debate on the intentions to build same. Specific to China I see coal plugging whatever gap exists until it can meet its huge and growing needs for electricity. PRL Mongolian coal assets are ideally located to do just that. If oil prices continue to rise the value of coal assets will rise with it.

[steeplejack] 17/11/2009 07:57

Polo has been relatively dull recently alongside Extract and Kalahari.Now why exactly the latter have been weak is another mystery!Everyone here knows why they've been buying Polo of late and i can't see any flaws in the buying logic so what we have is a good buying opportunity.I reckon this is a stock whose share price is going to move better in quantum leaps on serious news rather than creep better in a firm market.

[odvod] 17/11/2009 06:48

this stock brings me to study the term *false breakout*

[gurp] 17/11/2009 00:00

Azalea - similar figures & opinions were oft quoted around the last U price spike, then from memory the yanks put a load on the markets + was noted a lot was available from redundant weapons - hopefully the optimism will be proved right this time around (although a bit concerning if that's also the feeling of IC!)

really surprised at the relatively poor share price performance here considering the existing fundamental value + future upside potential from the various parts.
Not sure if there's something behind the scenes but have been adding a few recently partly due to PRL seemingly having holdings in the right sectors & the management past record

[azalea] 16/11/2009 18:19

Friday's IC had a 2 page spread on uranium and companies involved. According to statistics from World Nuclear association(NWA), there are 436 nuclear plants in operation, 52 under construction and 135 planned. "However concerns are growing over whether all these new reactors, plus around another 300 proposed will be able to secure enough uranium for their needs"! One specific concern is that despite China driving the long term demand for nuclear power, it has yet to sign agreements to source a meaningful long term supply for its fast growing nuclear sector!!! Others include the delay(2011-2015) caused by flooding to the Cigar Lake project in Canada - the worlds largest undeveloped high grade uranium deposit and BHP Billiton's delays at its Olympic Dam mine in Australia. In esence PRL mineral assets has to make it one of the front runners in the near/medium term.

[marben100] 16/11/2009 16:11

Hi zangdook,

Dattels is all about making money. Diluting cash assets is not a good way to make money. He is anything but stupid & reckless. Remember that he and his associates have a fair few shares, directly and indirectly (and that he's bought a few more recently, at around 5p). Also worth noting that he's over 60 now, so probably doesn't want to be chasing around the world, as he is now, for the foreseeable. I always try to think about what's in Dattels' own best interests when considering companies he's involved with. ;0)

Regarding "small"... whilst Polo's market cap. is only US$173m currently, it has tangible assets worth $290m (at current mark-to-market prices) - plus its Mongolian investment. That's not quite so small.

Some news on Uranex:

"...Terry Ward, chairman of ASX-listed Uranex, is on a quick trip to London and his views are always worth listening to as he was in uranium last time around. In fact he was general manager of Mary Kathleen Uranium, a subsidiary of RTZ, and thus involved in talks with the Chinese in the early 1970s. And the relationship with China has continued, as Uranex signed a letter of intent with the Department of Overseas Uranium Resources Investment, part of China National Nuclear Corporation, back in 2006. This binds Uranex into a close working relationship with the Chinese for the exploration, development exploitation of potential uranium projects worldwide..."

Cheers,

Mark