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

[alex_raga] 05/1/2010 14:43

also what projects does PRL got going on right now?
when are updates due?

[alex_raga] 05/1/2010 14:20

have polo sold there shares in gcm.
and next question is what did GCM resources pay for PRL shares. and do they still have them

[colino bambino] 05/1/2010 14:19

Caledon down 9%
Polo up 8%

[old portmuthian] 05/1/2010 14:03

Katy.

Much quieter here than poking a stick into the hornets nest at CRA.

[katylied] 05/1/2010 13:51

alex_raga...
Polo's holding in GCM is/was rather larger...

[alex_raga] 05/1/2010 13:25

WHAT price did gcm paid for the shares?

[barryrog] 05/1/2010 13:24

well the mms have got very aggressive on the formal offer price - are they looking to deter buyers?

[old portmuthian] 05/1/2010 13:18

Haven't seen regular large sells go thru since the CDN news early December - could it be the news was leaked and the seller has now finished.

[azalea] 05/1/2010 13:14

Very interesting to see the share price continuing to tick up despite an indicated balance between 'buys' and 'sells'.

[odvod] 05/1/2010 12:38

derivatives are more short term. so I expect something relativelly soon

[alex_raga] 05/1/2010 12:12

can anyone tell me what price GCM paid for there shares in polo resources.
thanks

[fordtin] 05/1/2010 12:00

Am I interpreting those releases correctly?

looks as though Regent sold 10 million shares prior to 23rd December, then swapped their remaining 92 million for a derivative equivalent to their original 102 million holding .... Tax reasons?

[azalea] 05/1/2010 10:32

With China's growth in GDP set to top 9% in 2010, domestic businesses booming and a strong recovery in exports expected during 2010, the increase demand for electricity should continue. This coupled with signs of a recovery elsewhere and rising oil prices should boost coal prices. In 2010 I expect to see activity relating to PRL coal assets in Mongolia.

[steeplejack] 05/1/2010 10:28

No chartist, but this looks good for 5p.Pleasingly, my whinging last post represented the nadir.

[spursmatt99] 05/1/2010 10:01

looking good so far!

[grazzer] 04/1/2010 14:53

barry - you see this sort of thing time and time again. I have made a few quid on Polo as I bought low and sold a bit higher, but still hold about 500k. Sometimes its not clear why the share price has fallen but it is a buying opportunity for the patient as I totally agree with you, when Ext is sorted out then Polo will benefit considerably. If I had a few spare quid, I would buy some more of these as they are on my conviction buy list (only joking), more like if only I could remember which ones to buy if I've got some readies. I can't really see them going anywhere but up ... Ext has gone very quiet, it's surely only a matter of time before it comes surging back.

[barryrog] 04/1/2010 10:59

there has been a lot of whining re the fall in the share price over the last 3 months but exactly the same thing happened at the back end of 2008.
so PRL started last year at 2.5p and you could have doubled your money in 2009 and i see no reason why the same thing shouldn't happen again this year.
if EXT is taken over, then i would expect a lot more - patience is king.

[ppowerscourt] 03/1/2010 20:39

As late as on 2nd Nov. 09, the PRL official site still lists RegPac as significant shareholder of PRL.

Is there no obligation on 575's part to announce any sale of invested companies' shares?

[jonny flame] 02/1/2010 13:33

CIC to make push into Mongolia
By Jamil Anderlini in Beijing

Published: October 27 2009 17:46 | Last updated: October 28 2009 03:21

China Investment Corp will invest $500m to fund the expansion of a Canadian coal mining company in Mongolia, the latest in a string of global resources deals by China's sovereign wealth fund.

CIC will buy 30-year debentures that pay 8 per cent per annum and will be convertible after one year into a total of 22 per cent of the common shares in SouthGobi Energy Resources, a subsidiary of Canadian mining group Ivanhoe, the companies said on Tuesday.

[steeplejack] 31/12/2009 07:49

The company is badly marketed despite having a highly experienced management.I regret not buying polo shirts rather than this stock.I can't really see what's going to shake off this torpor,asset value calculations and director buying has failed to benefit the stock.I'm resigned to holding the equity but my CFD looks to be a totally inappropriate holding given i'm paying interest.

[kipper62] 30/12/2009 16:33

Well the buys (including mine) don't show

[haff1] 30/12/2009 11:28

..I still dont understand why this is performing so badly...!...? Anyone any ideas?

[brian1944] 29/12/2009 13:11

hi all. when is the railway double track completed is 2011 ???

[dia43] 29/12/2009 08:56

It won't do CDN and GCM any harm either?

[azalea] 29/12/2009 08:38

IF oil prices continue to rise on the back of rising demand then all other energy sources will follow suit. A move that will automaticaly increase the value of PRL assets in Mongolia and become the driver for production there to supply China just a few hours train time across the border. I believe thermal coal prices will easily exceed $100/ton in 2010.