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

[steeplejack] 31/3/2010 10:33

You're quite right.It's just that the old "discount to assets" type stocks often require near endless patience.Even worse are "discount of primary share listing to local exchange listings" companies .Rothmans was an example of this many years ago.Add up the market capitalisation of Rothman sudsidiaries listed on foreign exchanges and they handsomely exceeded the market cap afforded the whole group on the London market.Got taken over eventually.
It can be easier to play it straight.In this case just buy Extract,GCM,Caledon.However,my interest in Western Coal was through a holding in Cambrian which stood on an unfathomable discount to its holding in WTN for an eternity.Ultimately right was done as it will with PRL...sometime in the future.

[soundbuy] 31/3/2010 09:57

I've done much better elsewhere over the last year. But looking ahead and increasing the time scale from 1 yr to 18/24 months and PRL will be there with the others. Plus, I know if I sell out that would mark the turning point. Had Highland Gold for what seemed like an eternity. In profit from day 1 but for a while the share behaved like PRL. Couldn't get anywhere for months. Rose only to retrace and so on. Finally sold at 94p in Jan. Today 130p. So, always believe that if you've made the right choice and the fundamentals haven't changed then the share will come good. Held GCM from £1 on the dot. Watched drift to near 70p. Still in today. PRL will make up for lost time. The increased liquidity with Canadian listing and their appetite for resource stocks will accelerate this.

[steeplejack] 31/3/2010 07:51

Impatient small punters.Ferrexpo ,Western Coal have risen fourfold and even the likes of Senior have risen threefold in the last 10 months and small punters feel they could have done better than treading water here.I don't know.

[gurp] 31/3/2010 07:37

not as relevant to prl as many other stocks - unfortunately

barry - nah, feeling greedy..................

[humbugg] 31/3/2010 07:35

could be alot of selling across the board in small-caps due to CGT.

[barryrog] 31/3/2010 07:26

I see GCM is moving even higher this am.
Investors there reckon the Phulbari mine will be worth a £12/£14 per share but i would settle for 50% of their optimism.

[hoveactually] 31/3/2010 07:16

impatience, its the achilles heel of the small punter.
the directors here didn't buy their shares at 5p on a T10, they are well aware that the value of the company is much higher than that and at some stage this will be reflected in the share price.

[kerrie3] 31/3/2010 06:42

you have to ignore the day to day share price fluctuations - as 'Soundbuy' has said its a penny share and is behaving like one as trades between newsflow reflects the impatience of small punters.
as 'Barryrog' posted a positive announcement re the Extract Holding and/or the Phulbari mine will send the share price soaring.

[alex_raga] 30/3/2010 21:33

if you see it jumping back down to 4p why would you buy any higher. tbh i was wanted to buy these at 4 but i wonted to get them around the same price gcm payed so i ended up not getting any so i may just get some shorly. Little drop today starting to look a good place to purchase some.
I defently think the GCM aproval will be granted so when that moves that will do wonders for this. but it has a great investment portfolio

[soundbuy] 30/3/2010 21:18

alex

trades have gone through here and can do daily for 2, 3 4, million and more, multiplied several times. Normal everyday trading with PRL. You never know what to expect. Remember there are many PIs here would could easily post trades for 1,000, 000 plus.

Best to watch for a while. I only got in at 3.2p but have bought all the way up, down, up, down,up, down, up, down,up, down, up, down since. Paid as much as 5.4p. Had a rake with the directors at 5p. Avergage now is about 4.3p and each time it retreats to 4/4.1/4.125 I buy again. Why? Story unchanged.

Will come good but please do no feel 500,000 is a big deal. This is a penny share.

[alex_raga] 30/3/2010 21:04

it wasnt the only large volume sell of the day. but supose there are always people selling.

[mustbefunny] 30/3/2010 20:36

500k = £25K = sweeties in the greater scheme of things

[alex_raga] 30/3/2010 20:28

500,000 sell at the end

[marben100] 30/3/2010 19:07

Not yet listed on TSX, so not yet ISAble. Wait for further announcement.

[jonny flame] 30/3/2010 16:01

Uranium May Have 'Hyper' Price Run, Uranium Energy Corp Says

[barryrog] 30/3/2010 15:29

we shall see.
i think the Extract Resource holding issue is close to the end game as is the Phulbari Mine approval.
the results were very positive, the repurchase of the warrants was a very smart move and they have plenty of cash.
yea, the share price has retraced a little as it rose a bit too quick from 4p less than a month ago but i'm holding strong and ready to add more at these levels.

[steeplejack] 30/3/2010 14:10

Sold some of these the other day.Still hold a CFD interest but frankly i'm bored with banging the drum.Hopefully my sale will represent a turning point and witness a rapid rerating but i doubt it.

[lizzie ii] 30/3/2010 14:09

AIM shares for ISAs? This is relevant :-

[davidhp] 30/3/2010 13:53

Buying warrants at 0.66666p seems a shrewd move.
Distressed seller?
An indication of a rise approaching?

1/3rd of outstanding warrants destroyed for £1m before the new tax year.
Mmm?

BTW does the TSX listing now make them ISA-able?

[marben100] 30/3/2010 11:33

0.7p/warrant is a fair price. They are NOT in anyway equivalent to shares but give the warrant holder the right to buy shares from the company at the strike price (i.e. 4p). Buying warrants back @ 0.7p is therefore in some respects similar to buying shares back at 4.7p - but would have a bigger impact on the fully diluted NAV. Overall, a reasonable deal for shareholders.

alex_raga, strongly suggest you read the interim results released a few days ago. They summarise what's going on pretty clearly. Feel free to come back if you've got any queries on what you read.

Cheers,

Mark

[gurp] 30/3/2010 11:27

S - similar, & throw in the GCM/other coalies collection.............

[barryrog] 30/3/2010 11:11

if you need to ask that, you shouldn't be here.

[alex_raga] 30/3/2010 09:27

what are the main projects PRL has under its belt?