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

[davidhp] 26/11/2009 17:26

Dubai's default?

[tadska] 26/11/2009 15:17

this is fuc... crazy, no reason for this fall

[barryrog] 26/11/2009 15:04

no idea apart from bored pi's - there's been no volume.
just added at 4.20p.

[haff1] 26/11/2009 14:28

..anyone know why these are still dropping?..

[unkle77] 26/11/2009 12:23

ha ha, i'm pleased you all got to witness 5m*gic, he's all over the CDN board like a rash/

[cestnous] 26/11/2009 10:07

Haff1
Thinking the same about this and also CZA, which is unexpectedly down 5.8% today

[haff1] 26/11/2009 09:56

...seems to me no real reason for this level of share price ....?

[cestnous] 26/11/2009 09:55

Thanks for that laserdisc. Holding for now, based on the content of that note.

[jonny flame] 26/11/2009 09:24

I sold 90% of my PRL holding at 5p, will be looking to get back in shortly.

[barryrog] 24/11/2009 19:35

i still find valueing the Mongolian assets at just the value based on the 50% JV with Peabody as unbelievably conservative - although very prudent.
the assets themselves were originally reckoned to be worth £200mill/£400mill and whilst that may be very ambitious you can bet your life that Peabody intend to develop these assets in order to realise a significant gain on their original investment - with Polo realising the same growth in value.

[azalea] 24/11/2009 16:57

laserdisc
An valuable insight perhaps into the reason why PRL directors have been buying shedloads of PRL shares.

[skweaker] 23/11/2009 22:57

5magic - keep taking the tablets, but I suggest increasing the dose - they're not working.....

[5magic] 23/11/2009 21:39

''All I can do is assess the available information and draw my own conclusions from it.''

well what info did you assess to come up with the crazy claim that cdn would get a bid of 145p

i told you to assess the volume/price patterns/trading action as well as fundamental outlook for cdn (e.g they dont have a mining license, just an explo license and they need a lot of funds for minyango etc) but you chose to ignore it all and instead shouted me down and sought to reassure many a bid at huge premium was QUITE LIKELY as evidenced by the post in which one guy said thanks marben youve reassured him, well more fool that guy, the evidence was in the price patterns. A bid at 145 was a 250% premium and since ive never come across a bid of such a premium in my experience of investing, it was not LIKELY but v v unlikely. you just couldnbt see it or had other agenda, i dont know.

whatever, thats my last post here. think ive made my point. i was right , you wrong. end of.

[2bozmo] 23/11/2009 21:05

marben, i for one appreciate your posts, keep up the good work - hopefully can repay the favour after the gcm agm

[marben100] 23/11/2009 20:48

barryrog,

Any one of a number of events could result in that:

- Extract bid
- Caledon bid being agreed
- GCM getting approval for Phulbari & subsequent offer being made for the company

All are possible, I wouldn't care to guess at likelihood or timing. In all cases the companies seem reasonably priced to me currently, irrespective of a bid occurring.

Just for avoidance of doubt, if anyone reads the passages 5magic has quoted you will observe that I always said COULD or MAY, never WILL or SHALL. As I am not an insider, I do not claim any definitive knowledge of what will happen (and even insiders can't be certain). All I can do is assess the available information and draw my own conclusions from it.

And just to dispel one other bit of nonsense spouted by 5magic, who is henceforth filtered for wasting my time, you will observe that I reduced my Caledon holding AFTER the most recent production report (it was the outlook information contained in it that I found disappointing), whereas the quotes he makes are from before it. I do NOT undertake to publish each trade I make as and when I make it.

Mark

[barryrog] 23/11/2009 18:56

seems to me that the early liquidity could come from Extract being taken over.
have i misinterpreted that Mark? whats your view?

[brian1944] 23/11/2009 13:07

RBC comments

Extract Resources Limited (ASX: EXT; 8.33; TSX: EXT)
Update on Strategic Review and Rössing South

Outperform Speculative Risk
Impact Positive

First Impression

• On November 17, 2009, Extract Resources, as part of its strategic review
process that started in May 2009, announced it has now invited interested
parties to submit proposals for a partnership in the development of the
Rössing South project in Namibia (currently a 267 million pound U3O8 resource).

• Extract has indicated that it has already received extensive interest from a
number of parties. We think Rio Tinto may be an ideal candidate given its
15% direct interest in Extract and the operational synergies that we
believe exist between Rio Tinto's Rössing mine and the Rössing South
project.

• In a separate announcement on November 18, 2009, Extract provided an
exploration update on its Rössing South project.

• Eleven drill rigs are currently operating at Rössing South to upgrade the
existing resource status with the aim of defining reserves for the ongoing
feasibility study, due for completion in mid-2010.

• Extract is commencing a RadonX exploration program covering the entire
Rössing South project area with the goal of delineating additional uranium
anomalies. Completion is expected in early-2010 at which time priority
targets will be defined for drill testing. Additional rigs are being sourced to
test these new targets.

• First pass RC drilling has been completed at the Salem prospect located
approximately 10km south of Zone 2. Extract indicated that every hole drilled
has intersected multiple zones of uranium mineralization from shallow
depths. Unlike Rössing South, uranium mineralization at Salem outcrops at
surface, and remains open to the north and south, and at depth.

• Extract stated that open pit optimization on the inferred resource defined at
Zones 1 and 2 suggests that the majority of resources are in potentially
mineable positions. The current open pit optimization, based on a US$65/lb
U3O8 price, is 370 metres below surface.

• We continue to believe the Rössing South deposit has excellent potential
to increase in size. However, we believe that an increase in the resource
size without a coincident increase in annual production would have a
minimal affect on the NAV. As the resource continues to increase the
scope of the project may change to assume a higher level of throughput
which could dramatically increase our NAV and therefore the target
price.

[pappupops] 23/11/2009 12:12

anyones view on share price end of year and any results due thanks

[5magic] 23/11/2009 11:50

just to set the record straight. too many gurus thinking they knoiw it all.

no point spending all day discussing polo assets and cdn coal quality if you miss the tremendous rally in commoditiy stocks. its all about $$$ in the bank, and marben shouting at me for getting it right was unjustified to put it mildly, but dont think he will apologise.

where are cdn going to get the money to develop minyango? ever considered that? cannot do a placing with the price where it is at the moment.so if biders walk (which seems likely) how will cdn raise the cash. ok if they had managed to get share price higher, then do a placing but they didnt manage that.

and why would xta have got rid of cook if it was any good?

they dont even have a mining license, only an exploration license

they keep missing production targets

goodness knows why anyone thinks they will get a bid at a quid or above, seems like the same chance of that happening as winning the lottery to me.

anyway enough signals from me, leave it to gurus to get it wrong, im not interested in winning arguments, just making money. bacxkong cdn for a 140 bid wont make me do that imo

[dbno] 23/11/2009 11:38

So, why are you here?

[5magic] 23/11/2009 11:20

so ok, what has changed for you to 'reduce' suddenly, if you were expecting 145p. has something so serious happened that you are willing to sell some 60-70% below your target?

no, to me it looks like you wanted to get out and gave a big forecast so others get in maybe, since you think your reassurances might make some confident. in fact, soon after you gave your ramps, we got someone saying this:

''
LeonWil - 16 Oct'09 - 12:41 - 20140 of 20584
Thanks Mark, I respect your posts and am reassured by your positive stance''

so you were reassuring others whilst getting out yourself. not good imo.

but anyway, i just follow the price pattern and 'official newsflow', not BB rumours