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

[azalea] 22/2/2010 07:59

I think we have a situation now where the large volumes over the past few weeks have settled down and what we are now seeing is normal investors' buying and selling with net buying to the fore. With the potential sale of PRL stake in Extract in the background, this could continue apace.

[offerman] 21/2/2010 18:42

Katy,

Any relation to Traceylied from old cyh thread?

I have this stock on my monitor list now and if my other ones come in to fruition may take a position here to.

[marben100] 21/2/2010 17:44

I have posted some analysis of Extract's latest drilling results, including images, likely future drilling focus and implications for the future value of Extract here:

Cheers,

Mark

[barryrog] 21/2/2010 14:30

good on yer.
very strange, i tried to add more friday pm well before the price started to move up and i simply could not buy any amount on-line.
i use 'share.com' and they are normally always able to trade.

[humbugg] 21/2/2010 09:31

barryrog,
still here ;-))

[sagem] 19/2/2010 17:20

KatyLied ,,,,,,,,,,
military coup in Niger...will make no difference this will be resolved the two big prospects is what is important to us investors together with uranium of course

[katylied] 19/2/2010 17:13

SAGEM... "That is probably why Frank Scolaro, the chairman of Obtala Resources, an AIM-listed mining investment group, will fly to Niger this week. He is said to be poised to close a deal with the landlocked Western African country's Government for the rights to two big prospects...

Which government is that? There has been a military coup in Niger...

[barryrog] 19/2/2010 16:37

Humbugg,
are you there?

[sagem] 19/2/2010 16:28

If you are interested in uranium potential take a look at this article and invest in OBTALA RESOURCES EPIC CODE OBT this tip is free of charge but do your own research :-



From The Times February 18, 2010

Allure of uranium increasesRobert Lindsay and Gary Parkinson: Smaller companies Recommend? Uranium may not have the bling factor of gold or silver, but, as the main fuel for the world's growing number of nuclear power stations, it is quickly garnering some of their allure.

That is probably why Frank Scolaro, the chairman of Obtala Resources, an AIM-listed mining investment group, will fly to Niger this week. He is said to be poised to close a deal with the landlocked Western African country's Government for the rights to two big prospects.

The fields are thought to be on the same fault line as a uranium seam in Niger that is mined by Areva, the French state-owned nuclear power group, which is investing €1 billion (£868 million) there.

These rights, it is understood, will be bought primarily by Mr Scolaro's privately held company. But Obtala, in which he has a big holding, is likely to obtain a significant stake in the fields. Obtala edged 1p higher to 27p.

[azalea] 19/2/2010 16:21

HK(Market Watch)China's northern Shaanxi Province and neighbouring provinces are running short of coal stocks. Production in Shaanxi has been raised 13% in January to help offset reserves. Best PRL/Peabody quickly cut a deal with government of Mongolia to start mining and shipping supplies. If shortages spread then coal prices will rise fast -all to the good for PRL 25.91% stake in CDN.

[nil pd] 19/2/2010 16:15

Sorry BU, didn't mean with you - I meant the potential is sinking in with new buyers, me included.

Happy to wait. It might be off today's peak by close but up again Monday and beyond.

[bearingup] 19/2/2010 16:08

The potential sank in with me months ago but still waiting. However, still plenty of good news to come from Extract so I'm sure its well worth the wait here.

[gurp] 19/2/2010 16:07

getting a bit heavy in this now but has looked such a good base to launch from with the several holdings having so much potential.
& if the U price takes off..............................

[nil pd] 19/2/2010 15:59

Thanks, bearingup and I'm glad to hear you are living up to your avatar!

Although I've been quietly watching and waiting, I hadn't fully appreciated the significance of the 3/2 RNS and I was a tad anxious last night thinking I might have missed out. Anyway, that's taken care of now and I may add again in the coming days - that's my usual approach.

My guess is that the potential here is sinking in all around now, witness the rise this afternoon.

[bearingup] 19/2/2010 15:52

Nil Pd
Looks like you brought some luck with you today ... thanks. Its just a waiting game here but profit is in the post .... its just that the post take a long time to deliver here! (been here since mid 09) Anyway, welcome to the fun.

[azalea] 19/2/2010 15:46

A derisory 5k buy limit online with net buying well to the fore. Have not seen the offer @ 4.10p for a while, Added 50k @ 4.05p.

[nil pd] 19/2/2010 15:45

Hi PRL people, I'm in this morning (bought before 9am). Been watching in the background since the peak in October.

I think the time is right now for significant recovery in the price.

Hope I'm right! Good luck.

[aja5] 19/2/2010 15:43

Whats going on here ????

[barryrog] 19/2/2010 14:26

article in Proactive Investor, probably even more relevant to PRL with the strategic review currently ongoing.

[marben100] 18/2/2010 20:21

Some choice quotes from Hohnen @ Kalahari:

"...These results reiterate the quality and global significance of the Husab Uranium Project in Namibia and we are confident that, with the highly active on-going drilling programme on the two zones reported on, which are open down dip and along strike, a resource target in excess of 550Mlbs will easily be achieved..."

"...We expect that the pre-feasibility report, which is due in June 2010, will indicate production throughput levels higher than the 15Mtpa reported in the scoping study, further reiterating the enormous potential of this project to support one of the world's largest uranium mines..."

Any prospective buyer is going to have to fork out for this...

[azalea] 18/2/2010 07:41

barryrog
Not to worry, the big money will only be in our hands sometime after the BMO report.

[barryrog] 18/2/2010 06:30

Another 'stonking' ASX announcement released overnight re Rossing South - even more drilling rigs being sourced to expedite the exploration:-



out early today so i won't see if PRL release an RNS or if the share price reacts til tonite.

[gurp] 17/2/2010 19:30

Rather surprised to see all these reasoned predictions for the U price - just over a couple of years ago it was up around $140 for, as I understood, no fundamental or logical reason (supply/demand then was probably higher than likely in a few year's time) apart from futures speculation on a grand scale, so suspect a figure in a different ball-park to the present could be seen again

[marben100] 17/2/2010 18:20

Whilst the "for sale" sign might be up, I suspect that the asking price will be very high indeed (I'd be surprised if double EXT's current share price was enough). I suggest studying Paladin's telecon from yesterday, available through this link:

I have highlighted salient points in my note here:

Borschoff is widely regarded as one of the leading U experts and he is extremely bullish about the future of the U market, with good reason IMO (though obviously he can hardly be regarded as unbiased).

Implications are that US$65/lb is a pretty conservative price in the 2015-2020 timeframe when EXT will be in production. If we make the not unreasonable presumption that EXT can get up to 20Mlb p.a. of production in that timeframe (based on Extract's statements & implications from drilling results that there is a lot more mineable U in Rossing South than so far declared), that translates to an annual gross profit of ITRO $800m (assuming US$25/lb OPEX). Obv admin, depreciation, royalties & taxes have to be knocked off that, but Extract's current market cap of US$1.6bn looks way cheap for that size profit.

The prospective scale & quality of Rossing South makes Rossing look puny by comparison.

Unless a very attractive offer is made, I suspect Polo won't be accepting - if Polo's directors share my view. Either way, it's win-win for Polo shareholders - just a question of whether its short-run or long-run.

We should be getting some more drilling results from Extract soon. It'll be very interesting to see what they reveal.

Cheers,

Mark