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

[barryrog] 08/12/2009 08:00

yea news released after the Aussie market closed -i would expect an RNS from PRL on this update.
even at the current EXT share price, Polo's holding is still worth more than it's total capitalisation.

[hoveactually] 08/12/2009 07:45

got back in here yesterday.
i can see no valid reason for the recent price fall given the yawning gap that now exists between the NAV and the share price.

[gilb the great] 08/12/2009 07:44

Grazzer you are correct the news came out at 5.09pm Sydney time after the closing bell

[grazzer] 08/12/2009 07:36

The news may have been out after the Aussie market closed ...

[mr.oz] 08/12/2009 07:19

EXT down tho

[grazzer] 08/12/2009 07:13

Grazzer's on the case early doors

SYDNEY -(Dow Jones)- Uranium developer Extract Resources Ltd. (EXT.AU) Tuesday reported "exceptional" assay results from its Rossing South project in Namibia.

The Perth-based company said chemical assays showed uranium oxide concentrations of 28 meters at 4,544 parts per million, including 3 meters at 32,865 ppm, or 3.29%.

"The latest round of high grade assay results from Rossing South are exceptional with some of the best results returned thus far," Chairman Steve Galloway said in a statement.

Work on a feasibility study for Rossing South, which is located close to one of Rio Tinto Ltd.'s key uranium mines Rossing, was progressing well, Extract said.

Looks good to me ...

[dia43] 07/12/2009 21:24

Could someone give me the &age holdings in CDN and GCM,seem to have difficulty in finfing the info? TIA

[wiseacre] 07/12/2009 15:47

Recent fall in share price reflects fall in Extract but the latter should get a big boost from revised resource statement early in the New Year. Meanwhile liquidity has fallen in share volumes in recent days and value investors appear to be picking up what loose stock is available.

[strollingmolby] 07/12/2009 12:34

GCM AGM statement states that GCM has cash and listed investments of 46p per share (sp approx 70p now) and confident of development at Phulbari (once the govt approves!).



SM

[marben100] 06/12/2009 13:36

Just in case anyone isn't aware, Peabody do claim to be the world's largest private-sector coal company and are certainly the largest in the US. See

Mark

[azalea] 05/12/2009 10:29

JH
Well spotted -Peabody is right in there amongst the other big boys. Now we have visibility going foreward and an insight into one one of the major reasons why Dattel and co have been filling their boots!

[jonny flame] 05/12/2009 09:24

BHP, Vale, Xstrata Interested in Mongolian Coal, Minister Says

Dec. 3 (Bloomberg) -- BHP Billiton Ltd., Vale SA and Xstrata Plc, are among mining companies interested in developing coal deposits in southern Mongolia, the country's Minister of Mineral Resources and Energy said.

China Shenhua Energy Co., Mitsui & Co., Peabody Energy Corp., OAO Russian Railways and Sojitz Corp. are also among the companies with which the government has been negotiating this year. Mongolia is planning "more intense discussions" by the end of 2009 or early next year, Dashdorj Zorigt said today.

"We'll be engaging in discussions with all of them to identify the best solution for the project," he said in an interview in London. "The coal project is one of the strategic projects and that's why the government is participating in the negotiations."

Mongolia, which is targeting economic growth of 8.5 percent in 2010, is seeking to develop its mineral wealth. The country signed an accord in October with Ivanhoe Mines Ltd. and Rio Tinto Group to develop the Oyu Tolgoi copper field, which may require $9 billion of investment over three decades.

The government is offering a "competitive tax regime" to encourage foreign and local companies to invest in the country, Zoright said. Mongolia has a corporate tax of 10 to 25 percent, he said.

The government also plans to sell shares of state-owned energy, minerals and infrastructure companies via initial public offerings to raise funds, Zoright said. He declined to give details.

- watch video;

[steeplejack] 02/12/2009 13:18

Then i better resit my Stock Exchange exams.There's buying and selling all day long.Marketmakers provide liquidity-so do short sellers- but there isn't an infinite amount of stock so at the end of the day,yes there have to be sellers for buyers otherwise we'd be back to John Law and the Louisiana disaster where they build warrants on top of ordinary equity.

In the US they do actually have matched "pink" OTC markets."Go find me a seller/buyer"

You fail to understand the notion of liquidity.This is odd given the credit crunch.The miners all plummeted cos of redemptions and a flight to safety.More sellers than bloody buyers,a contraction of prop books etc.

BYE

ps One more thing.When a marketmaker goes on THE BID,don't think he's necessarily trying to buy stock.He could well be trying to massage his book position higher by indicating he's a buyer.He might get caught ,he might not

[azalea] 02/12/2009 12:59

steelejack
I think you are way off the mark. Of course there is a fixed amount of shares in issue. But the assumption that all these shares are held by everyone but the MM, is a nonsense. IF that were the case, then anyone wanting to buy the shares would force the MM to find a 'seller', which in many cases would require them to lift the bid price.

[steeplejack] 02/12/2009 12:33

I don't miss the point.Read what i've written again.Let us start from the premise that there is a fixed amount of issued equity.Let us also remember that the disclosure rule is 3% and that disclosures there after are made at bands 1% higher etc.
Let us be aware that there has not been a recent placing so that all "returns", so to speak, are weighed in.It is obvious that the amount of equity can be "expanded" by the borrowing of stock by short orientated funds,it is also clear that the notional amount of equity dealings will be increased by spread betting and CFD trading.
It is of course possible that the marketmakers have gone SHORT of 32m shares.THAT WOULD fulfil your prognosis.This could have been triggered by the hedging,for example of a large short bet made in the CFD or SB market. However ,if the MMs simply held stock,they would be part of the pie ,part of the 100% equity in issue and thus their holding will have been reduced and if they held over 3% ,they too would have to declare a reduction in interest presuming that's triggered by the bands..They're not immune to these rules.
For our purposes,these RNS holding statements refer to LONG positions.It doesn't bloody matter who holds the stock,it's just telling you who holds what percentage of the 100% issued equity. As such the RNS will indicate that ,it is more than probable that there has been a change in the % holdings that indicates someone has sold ,someone has bought.
.
No i'm not saying there's a seller for every buyer,but in the context of the RNS giving % holdings,near as damn it ,there is.

I'm off to lunch

[mr.oz] 02/12/2009 12:07

steeplejack ; you miss the point that Ignalls could have been taking up the overhang held by MM's.... or maybe not... But its not simply a case of for every buyer there is always a seller

[azalea] 02/12/2009 11:49

Are you saying that all the shares in issue are held by someone other than the MM?

[steeplejack] 02/12/2009 11:26

Ignalls has breached the 6% threshold and now has 6.387%.

There can only be 100% ,thus someone ,somewhere does NOT have the same percentage holding as held previously.One pie cut into different sizes.The percentage holding is the key.You won't hear anything if the seller's holding is below the declaration threshold of 3%

[steeplejack] 02/12/2009 09:57

At any given time there is a finite amount of issued equity capital.Funds can go short or long with borrowed stock admittedly but the likelihood is that registered holders have provided the stock by selling.We could ,of course roam into the thorny subject of derivative instrument declarations ranging from CFDs,SB and even traded options.We could discuss rights issues and placings.Equally we could get on with making some money.

Threshold crossed or reached | 6% |


Percentage of Voting Rights (Direct): | 6.387%

[azalea] 02/12/2009 09:48

steeplejack
Why do you suggest that in order for Ignalls to buy 32m, some other holder must have sold them? If that was always the case then overall major share holdings in companies would never increase,which clearly is not the case.

[soundbuy] 02/12/2009 09:29

Well, pricewise they've done well.

[steeplejack] 02/12/2009 09:21

We now know who has bought more stock.Ingalls has bought an extra 30m odd.Won't be so easy to identify who's been selling.

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