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

[chrisis33] 23/12/2009 17:15

Guess we'll have to wait for the RNSs - unless we see Extract news overnight. Could perhaps be Rio buying ... really intrigued by this.

[oneeyedjack01] 23/12/2009 17:09

Trades like that do not go through without REAL knowledge.

[chrisis33] 23/12/2009 17:08

Interesting comment on the KAH board about an RNS concerning an ext placing that seemed to come and go...

[barryrog] 23/12/2009 17:05

yep, changed - thanks

[oneeyedjack01] 23/12/2009 17:01

barry that was 1.3 mill not k wasnt it?

[rawboy] 23/12/2009 16:50

same at EML all 3 have stake in EXT

[barryrog] 23/12/2009 16:49

someone just picked up 1.3m @ 3.8p after the bell.
not insider trading on Aim, i don't believe it!

[chrisis33] 23/12/2009 16:49

Looking forward to seeing the RNS

[rawboy] 23/12/2009 16:47

very strange,same at KAH at nearly same time

[oneeyedjack01] 23/12/2009 16:41

Buy price now full 3.8.

[azalea] 23/12/2009 16:36

Hmmn, 4.3% thats a large purchase.

[barryrog] 23/12/2009 16:29

well that is very interesting and surely an announcement has to follow pretty quick.
straight to the top of the volume table by a country mile. Peabody?

[gozo] 23/12/2009 16:28

Is it just me or is anybody else struggling to keep up with developments!

[2viewer] 23/12/2009 16:22

that's getting on for 4 million quid!

[rovers2] 23/12/2009 16:21

Will probably know tomorrow, when an RNS holdings in company comes out.

[dbno] 23/12/2009 16:19

It's a buy!

[chrisis33] 23/12/2009 16:16

What to make of that very large trade?

102,040,000 shares at 3.775p?

[fordtin] 23/12/2009 12:47

Malagate,


Have I read that correctly? Polo are paying au$7,420,000 plus giving all of their MEY(WME) shares to Areva in exchange for 14,100,000 BKY shares.

Haven't figured out what clause 6.5 is all about, any thoughts?

[malagate] 23/12/2009 12:04

And Polo have sold MEY to Areva (and bought BKY)

[fordtin] 23/12/2009 11:48

just discovered ASX:WME has recently changed it's name and ticker to MARENICA ENERGY LTD (ASX:MEY)and shares in issue have increased to 449,940,896

[chrisis33] 23/12/2009 11:39

Chart looks good for a rise, and it is at a stupidly cheap price versus its assets. Bought a few this morning.

[oneeyedjack01] 23/12/2009 10:39

Is it starting to stir again now?

[surfer2] 23/12/2009 10:37

about to go up again i think

[brian1944] 22/12/2009 09:57

This article was originally published Monday.) By Alex MacDonald and Jeffrey Sparshott Of DOW JONES NEWSWIRES Prices for coking coal, a key raw material for steelmakers, are expected to rise 37% next year as western economies start to catch up with already strong demand in China and other parts of Asia. The annual contract price for hard coking coal from Australia, free-on-board, is forecast to rise to about $176 a metric ton for the year starting in April 1, 2010, compared with $129 a ton this fiscal year, according to a Dow Jones survey of 13 analysts. While good news for miners, the higher prices also mean higher costs for steelmakers. "With the recovery in demand of traditional met coal markets ... combined with the emerging demand in China and India, the outlook (for coking coal prices) is certainly bright," Mark Eames, chief development officer for Xstrata PLC's (XTA.LN) Australian coal business, said at an investor seminar earlier this month. Bulk commodities like coal and iron ore are priced on annual contracts as well as traded on spot markets, though with little impact from investment funds flows. Spot coking coal prices from Australia peaked at $400/ton this summer after falling as low as $105/ton in the first quarter of 2009, according to coal consultancy IHS McCloskey, citing Australian free-on-board figures. Spot coking coal prices are currently around $165/ton from Australia, free-on-board, the consultancy added. About 0.6 tons of coking coal is required to produce 1 ton of steel. China's rising demand fuelled the rebound in prices this year even as traditional buyers of seaborne coking coal such as Japan, South Korea and Germany scaled back imports. Cheaper freight rates also helped to make foreign coal attractive to Chinese mills. China's net coking coal imports are expected to hit 38.3 million metric tons this year, compared with 3.4 million tons in 2008, according to consultancy firm Metal Strategies Inc. "Structurally, China looks set to be a large and significant coking coal importer," Macquarie analyst Jim Lennon said in a note to clients. The total seaborne market in 2009 is estimated at 211 million tons, according to Macquarie Research. The major shift in China's imports already has some producers asking what will happen when Japan, Germany and other markets recover. "How can the limited supply of coking coal meet both the needs of China and traditional markets? That's a question which is going to be very interesting to see over the next 12 months," Xstrata's Eames said. BENCHMARK HARD COKING COAL FORECAST 2009 2010 2011 ========================================================= AVERAGE Price $129.00 $176.49 $188.44 AVERAGE Price Rise 37% 7% MEDIAN 32% 3% Maximum 56% 25% Minimum 24% 0% Number of Contributors 13 13 ========================================================= Contributors 2010 2011 Bank of America Merrill Lynch 43% 14% Barclays Capital 55% 25% BMO Capital Markets 24% 0% Citigroup