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

[barryrog] 16/3/2010 07:38

I seem to recall a transfer of 91 mill shares showing up on the trades one day last month.

[marben100] 16/3/2010 01:39

Sale of stake in Extract and/or other corporate activity.

Extract itself has a deadline of 18th March for receipt of "partnering proposals" and has indicated that it has received several expressions of interest.

See this:

[alex_raga] 15/3/2010 19:34

what news are we waiting on now for this to tick up to the next level been below 5p for Aggees :D

[kenway] 15/3/2010 19:34

freegirl -
RAB listed as at 2/11/09 holding 4.1% on Polo website

[freegirl] 15/3/2010 18:18

Interesting that Barclays nominees is no longer listed as a major shareholder which it was before 4pm at approx 74mill. maybe the shares have come from there? Although haven't seen an RNS to say that their holding reduced below 3%

[freegirl] 15/3/2010 18:12

looks like they were formally lumped in with Credit Suisse nominees but as of this pm appear as their own holding on list of major shareholders. Pretty sure they weren't listed as RAB capital earlier today but maybe someone has a better memory than I.
this is the list that appears on Barclays Stockbrokers website. If I had checked PRL site first I could have seen that as of nov 2009 RAB Cap are listed as 96 mill - apologies Kenway.

[freegirl] 15/3/2010 18:02

don't think so kenway as they weren't on the register beforehand! - as major shareholder above 3% that is

[kenway] 15/3/2010 17:25

I think they have only bought another 3million ie from 96 million to 99million

[nil pd] 15/3/2010 16:35

"I see", ....said the blind man. Was busy elsewhere!

[nil pd] 15/3/2010 16:34

Really? Why weren't we told? Off to look...

Thanks wiloughby.

[wiloughby2] 15/3/2010 16:33

It has just come to light thru rns that RAB Capital has acquired 96 million more shares,making their holding 99 million or 4.23 %. anyone know where they garnered thet many from as the volume traded shares on the market for the last month hardly amounted to 134 million.

[azalea] 13/3/2010 16:15

If only to reinforce a scenario in 4-5 years time where demand for uranium could equal supply, Russia has signed an agreement with India to build 16 nuclear powered electricity generating plants.

[kaos3] 12/3/2010 17:54

end of year all investments will come good (uranium and coal) and share price above 10p

[lamanga2004] 12/3/2010 17:51

China's oil demand increase 'astonishing', says IEA



Good news for coal price?

[kaos3] 12/3/2010 17:46

Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration

12 March 2010

Kalahari Minerals plc (`Kalahari')

Update on Rössing South Feasibility Study

Kalahari Minerals plc, the AIM listed resource company with uranium, gold and
base metal interests in Namibia, is pleased to provide an update, published by
Extract Resources Ltd (`Extract' or `the Company'), in which Kalahari's
subsidiary, Kalahari Uranium Limited, holds a 40.41% interest, regarding an
update on the progress made on the Rössing South Definitive Feasibility Study,
which is expected to confirm the project's potential to be one of the world's
largest uranium mines.

Kalahari Executive Chairman Mark Hohnen said, "We are highly encouraged by this
news, which confirms that Extract is making strong progress towards publishing
the Rössing South Definitive Feasibility Study, and in turn, attributing
additional value to its world-class Husab Uranium Project. In particular, it
should be noted that the operating costs are unlikely to be significantly
different to those stated in the scoping study announced in August 2009,
indicating that the Rössing South project is still set to be a profitable, low
risk, bulk tonnage, open pit mine with a mine life in excess of 20 years.

"Kalahari remains fully supportive of the development work conducted by
Extract, and we now eagerly await an upgraded resource from Zones 1 and 2 of
Rössing South. We believe this will not only considerably increase the overall
size of Extract's uranium resource, but will also reiterate the global
significance of this mineralised system. Indeed, the delay in the definitive
feasibility study is attributable to the fact that the resource continues to
grow in size, which increases the time required by Extract to better define the
ore body, and in particular to identify the high grade resource. This approach
by Extract will ensure that an optimum development plan can be determined in
order to maximise the true potential of this outstanding uranium project."

Extract Announcement:

Rössing South: Project Feasibility Study Update

Australia - March 12, 2010 - Australian-based uranium mine development and
exploration company, Extract Resources Limited (ASX/TSX: EXT) ("Extract" or
"the Company") reports that the Rössing South Definitive Feasibility Study
("DFS") continues to progress well and is on track to confirm the project's
potential to be one of the world's largest uranium mines. The base case mine
plan remains low risk, bulk tonnage, open pit mining, with ore processed
through a conventional agitated tank leach plant.

The size of the Rössing South mineralized system continues to grow with strong
drilling results continuing from Zones 1 and 2. There are encouraging
indications of significant mineralization on the western limb of the Rössing
South antiform and high grade mineralisation in both zones.

Extract aims to announce an updated Rössing South resource in Q3, 2010. This
revised resource estimate will incorporate infill and extensional drilling that
has been completed since July 2009. The updated estimate is expected to
increase the overall size and confidence levels of the Rössing South resource.

As part of the ongoing process of optimising the currently defined resource,
the most recent mine plan incorporates an average stripping ratio of 6.9:1 over
the life of mine. Open pit mining studies indicate that approximately 120 Mt of
pre-strip material is to be removed to enable ore movement rates of
approximately 15 Mtpa to feed the processing plant.

As outlined in the Preliminary Cost Estimates ("PCE") released on 3 August
2009, several items were excluded from the initial capital costs estimate.
Extract is continuing to refine the cost of independently developing Rössing
South, including the costs of using either an owner-operator mine fleet or
contract mining. Studies to fully define the costs associated with procurement
of water, power and acid delivery, together with external infrastructure
including rail and road, are ongoing.

Extract, together with its technical consultants, continues to undertake value
engineering to optimize the development of the project and will provide an
update following completion of the DFS, completion of which is currently
commencing operation in Perth. Extract expects this work to confirm overall
process plant recovery as well as reagent and acid consumption.

Extract notes that capital costs for the processing plant and annual operating
costs are currently expected to remain in line with the PCE.

[azalea] 12/3/2010 16:41

We haven't even scratched the surface with regards to the sp, any notable fall back from here will be a buying opportunity.

Have a good one.

[death by donut] 12/3/2010 16:16

Well all looks +ve , lets just hope we don't get a kiss of death buy tip from IC.

DbD :0)

[gurp] 12/3/2010 16:00

what on earth??? (sorry)

[lamanga2004] 12/3/2010 15:28

Anyway, just to put things in perspective, the following photo was taken by Voyager 1 from a distance of over 4 billion miles from Earth.

The coloured bands are lens flare from the relatively bright Sun.

In the right-hand most band, there is a pale blue dot.

That's where we all live. A staggering image, and one that should adorn at least one wall of every public building the world over.

[lamanga2004] 12/3/2010 15:25

Been there and got the T-shirt DT.

[downturn] 12/3/2010 14:53

Bossman - I've had this ID for years - before it became fashionable. More of a moral lesson for me, listened to my best friend in the telecoms industry who told me about company with a fantastic / cheap technology - Ionica or something like that. Needless to say, no research, pumped a shed load of money in (for a student) and it promptly went bust 3 weeks later - ho hum!

[bossmanuk] 12/3/2010 14:31

Downturn

Let's just hope moving forward there's not correlation between the share price movement and your ID

Can do without this taking a downturn "Again". :-)

BTW, L2 now sitting at:

2 -- 4.50 vs 4.55 -- 3

or

2 -- 4.50 vs 4.55 -- 4 if you Include Plus

[downturn] 12/3/2010 13:37

Fordtin - the shares are in my wifes trading account - it was the only way to get her on board to invest a considerable sum (for us) in a share she has never heard of. I also hold these in a Sipp (the bulk of my holding) as well so any tick up will do nicely ;-)

[5dally] 12/3/2010 13:27

Looking much better today would be nice if are now starting our journey north :-)

[sitiain] 12/3/2010 13:23

yes just noticed that azalea makes a nice chnage
come one we all desrve a break with this bloody share