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

[dia43] 11/12/2009 07:18

EXT trading up over 5% today,making PRL's direct interest at £104.3m
against a M/Cap of £94m.

[5magic] 10/12/2009 21:59

i see marben never showed his face after his crazy prediction that caledon were going to be imminently bid for at 140p. i told him he was barking mad to think that, but he told me he had twenty years investing experience.and that my short would burn. the day before the bid was discontinued, based on the chart i told all my cvhart said short at 58.5, marben and his friends said i would be toast by new year lol

so even after twenty years he did not realise that a stock rarely gets a 50%, let alone a 200% premium, esp. when the said stock does not

1) even have a mining license for its main asset minyango
2) and its other asset is a high cost loss making rump that others left behind. i.e cook

i think it is best if marben kept his opinions to himself in the future

[andrbea] 10/12/2009 15:20

predictions for the U price (till 2011)

[jonny flame] 09/12/2009 15:39

Mongolia Coal Winners Should Sell Domestically, Lawmaker Says

By Rob Delaney

Dec. 9 (Bloomberg) -- Peabody Energy Corp., China Shenhua Energy Co., Vale SA and other companies interested in mining a coal deposit in Mongolia should expect to produce fuel for domestic consumption if they're awarded the development rights, a lawmaker said

The winning group of investors, to be selected by April, will be required to convert some of the thermal coal in the Tavan Tolgoi deposit into clean-burning fuel, Batkhuu Gavaa, deputy speaker of Mongolia's parliament, said in an interview today in the capital, Ulaanbaatar. Lawmakers want to include the provision into any agreement to help cut Mongolia's dependence on foreign fuel and create jobs, Gavaa said.

"Some of the coal will be used in various modern technologies to convert coal into various forms of fuel like liquefied or gasified coal, and this will probably be part of the Tavan Tolgoi investment agreement," Gavaa said. "The priority should be to meet domestic needs first, and the rest can go to China."....................

[azalea] 09/12/2009 09:58

Guys don't go giving mallorca2 credibility by suggesting he understands anything about the stock market, he very likely knows nothing about shares (other than what he picks up on ADVFN threads-he is everywhere)and almost certainly does not hold any. His 'one liner' indepth analysis is a dead give away. Remember also, that an increasing number of his ilk are now residing in the wider community, where the internet provides him with some form of outlet.

[stopaloss] 09/12/2009 08:57

Steeple

That seems to be a fair assessment. Check out mallorca's contributions on the GKP thread, where he's invariably filtered. Seems to to a bit like a virus on your PC, once you get him on your thread he's hard to get rid of.

[steeplejack] 09/12/2009 08:00

He's not interested barryrog.I strongly suspect that mallorca is the coffee boy for a small prop book that wishes to maximise its short positions.His intention is to unsettle the punters.That's fair enough i spos but i think it unlikely that he holds stock here or has ever held stock in this company.

[steeplejack] 09/12/2009 07:04

mallorca,nip off and get the geezer who runs the firm's prop book a cup of tea,there's a good boy.

[mallorca 90] 08/12/2009 23:24

Dear oh dear,
surely you guys are not just going to sit there and watch your money disappear ?
Certain to rise significantly tomorrow ...
or maybe next week.

[thx1138] 08/12/2009 23:22

THX1138 - or do you mean LOND?

--------

No I mean Landore Resources

[mr.oz] 08/12/2009 22:21

write up re CAD.

[jonny flame] 08/12/2009 18:02

THX1138 - or do you mean LOND?

[poseidon4] 08/12/2009 17:31

Is this now an investment company?

[azalea] 08/12/2009 17:27

Given the very large purchases made by directors -Placing @ 3.85p and 5p more recently, I suspect they are more aware of the fall in the share price in terms of their paper losses, than anyone else.Let us hope 2010 will see a reverse in the share price fall todate.

[barryrog] 08/12/2009 17:09

put the PRL share price fall in perspective.
it has fallen over the past 2 months by more than the total value of their holding in CDN.
with Rossing South continuing to upgrade it's resource estimates - that is ludicrous.

[5magic] 08/12/2009 16:33

the problem for caledon is where do they get the money to develop minyango?

cant do a placing so its going to be tricky to not going to get get cashflow from cook and 18 million loan notes due in summer next year as well

why didn they just bloody use this market rally last six months to raise the share price to beyond a quid, get a placing at say 50p and now they wouldnt have a major problem

but they do - and if polo took them out, where would polo

a) find the cash to do that
b) find the cash for minyango

you can see why the biddders thought caledons hands are tied, they are not exactly in a position to call the shots

pathetic board members, really are, cannot read the market at all, either commodity or stcokmarket

[thx1138] 08/12/2009 16:14

"copper bulls are now too abundant and recommend switching into iron ore and coking coal exposure."

Indeed, you may want to take a look at LND

[gurp] 08/12/2009 15:17

Please don't let this thread degenerate into a slanging match as so many others.

The pessimist (or optimist if shorting) is talking about the share price - probably short-term - & with uncertainty in the overall markets could well be right.

Most holders are stating value - a different thing to the sp, I also think that is above the present m/c & that's why I hold

[brian1944] 08/12/2009 14:53

remaining bullish on the outlook for mining shares in 2010, Nomura Securities cautioned that that now is not a good time to dive in. "In 2010, we continue to expect mining equities to benefit from a weaker US dollar, accelerating Chinese investment, restocking in OECD economies, the potential for large share buy-backs and M&A [mergers and acquisitions]," commented the broker. Numis preferred copper miners in 2009 and still likes them as holdings for 2010 but thinks "copper bulls are now too abundant and recommend switching into iron ore and coking coal exposure." The broker is forecasting a 50% increase in iron ore contract prices over the next three years and a 75% increase in hard coking coal contract prices over the next two years. "Although we remain bullish on long-term copper exposure, prices now appear to be running slightly ahead of improving fundamentals," it added. Nomura's preferred picks in the sector are Rio Tinto (RIO) and Anglo American (AAL).

[azalea] 08/12/2009 14:37

steeplejack
Ignore mallorca, he's another one of those nutters who has never bought a share in his life and is flitting between threads(I have just sussed him out on MOG)giving shareholders the benefits of his 'one liner'indepth analysis of a company's prospects. Mallorca thinks the L2 position will tell him what floor the lift is on!

[roomb] 08/12/2009 14:37

steeplejack- agree, and there's nothing in the share price for the jv with Peabody, which has great potential.

[brian1944] 08/12/2009 14:35

Rossing South Exceptional Drilling Results

8 December 2009: Extract Resources Ltd (ASX/TSX/NSX: EXT), a uranium
exploration and development company with projects in Namibia, today announced
exceptional chemical assay results from the massive Rossing South mineralised
system, part of EXT's world-class Husab Uranium Project.

Highlights:

* Multiple intersections of high grade uranium mineralisation:

*
28m @ 4,544 ppm U3O8

Including 3m @ 32,865 ppm U3O8 (3.29%)

* Highest grade granite - hosted deposit in Namibia

* All zones of uranium mineralisation still open at depth and along strike,
in at least one direction

* 13 drill rigs operating on site, with more rigs being sourced to accelerate
exploration and resource definition efforts

* A RadonX exploration programme has commenced over the entire Rossing South
area of cover to delineate additional uranium anomalies

* EXT continuing to make strong progress with the Rossing South Feasibility
Study (due for completion in mid-2010).

The latest round of impressive chemical assay results continues to set Rossing
South apart as a truly unique uranium project.

Extract Resources Chairman, Mr. Steve Galloway, said: "The latest round of high
grade assay results from Rossing South are exceptional with some of the best
results returned thus far."

"The mineralised system known as Zone 1 and Zone 2 extends for over five
kilometres with infill and extensional drilling upgrading resource status from
`Inferred' to `Indicated' so that reserves can be defined as part of the
Feasibility Study to be completed in June 2010.

"The Company is very pleased with the rapid progress being made and with 13
drill rigs now on site, our work rate will accelerate further.

"We remain focused on developing Rossing South. It is a first class asset and
we are confident that the work we are completing now will ensure it becomes a
first class mining operation," Mr Galloway concluded.

Chemical assay results not previously reported from recent drilling at Rossing
South include:

Hole ID From To Mineralised zones

(m) (m) (U3O8)

Zone 2

RDD084 128 175 47m @ 2,741 ppm

Including 128 156 28m @ 4,544 ppm

and 146 149 3m @ 32,865 ppm

About Extract Resources

Extract Resources Ltd is an Australian-based uranium exploration and
development company whose primary focus is in Namibia. The Company's principal
asset is its 100% owned Husab Uranium Project which contains two known uranium
deposit areas, Rossing South and Ida Dome. Extensive exploration potential also
exists for new uranium discoveries in the region.

* * ENDS * *

For further information please visit www.kalahari-minerals.com or contact:

Mark Hohnen Kalahari Minerals Plc Tel: [phone]

Simon Raggett Strand Hanson Limited Tel: [phone]

Stuart Faulkner Strand Hanson Limited Tel: [phone]

Rory Murphy Strand Hanson Limited Tel: [phone]

Richard Chase Ambrian Partners Ltd Tel: [phone]

Rory Scott Mirabaud Securities LLP Tel: [phone]

Hugo de Salis St Brides Media & Finance Ltd Tel: [phone]

Susie Callear St Brides Media & Finance Ltd Tel: [phone]

Notes to Editors:

Kalahari Minerals Plc is an AIM and NSX resource company with uranium, gold and
base metal interests in western and eastern central Namibia. Its key investment
is its 40.44% holding in ASX, TSX and NSX listed Extract Resources Limited
(www.extractresources.com), which is developing the Husab Uranium Project,
strategically located directly south of Rio Tinto's producing Rossing Mine.
Work is focussing on three main prospects within the project area, Rossing
South, Ida Dome and Hildenhof, and results continue to underpin the
prospectivity of the region, particularly following the world class Rossing
South discovery. Extract has reported a JORC compliant combined Husab Resource
(Global Resource) in excess of 292 M lbs U3O8 at a grade of 439 ppm of which
267 M lbs U3O8 at a grade of 487 ppm is from the two zones at Rossing South at
100 ppm U3O8 cut-off. Importantly, these are both open ended at depth and along
strike. Kalahari believes Extract has the ground and potential to deliver on
Kalahari's estimates of a resource in the region of 500 M lbs U3O8.

Kalahari's other key investment is its circa 45% holding in North River
Resources plc, an AIM listed emerging southern African focussed multi commodity
resource development company. North River's current portfolio includes gold and
base metal assets in Namibia; uranium, copper and gold assets in Mozambique;
and a historic early stage exploration project in Australia. North River's
strategy is to identify, acquire and develop a portfolio of resource
opportunities in sub-Saharan Africa at various stages of development.