Polo Resources Share Discussion Threads

[lagib] 12/11/2016 22:03

My willy smells funny

[letmepass] 12/11/2016 21:58

Posted on October 22, 2016 0
Coal has now become a hot commodity in Bangladesh. This emerging South Asian nation is shifting its dependence to coal from natural gas to run its existing and upcoming power plants; thus virtually transforming the country into a hot spot for overseas coal suppliers as the domestic coal supply will not be sufficient to cater to the rising demand.

The Bangladesh government is aggressively pursuing efforts to enlarge its power supply infrastructure for generating enough energy to not only supply adequate and uninterrupted power to a major proportion of its citizens but also to sustain the rising electricity demand from the growing industrialization.

[barnetpeter] 12/11/2016 19:45

not if you were buying polo at 3p or below.......if you paid 30p or something then yes

[spights] 12/11/2016 15:58

We need GCM to rise. a. further £1.30p to break even on Polo's investment

[spights] 12/11/2016 15:56

Polo is holding a big loss on GCM

[spights] 12/11/2016 15:55

Polo own 27.80% of GCM

[spights] 12/11/2016 15:53

30 million is what they paid for their original investment

[red army] 12/11/2016 15:51

When you have 30% of a company you will naturally have some say in how much it gets sold for.

[red army] 12/11/2016 15:49

I make it £10m ie 30% of £31m

[spights] 12/11/2016 15:43

The crux for valuation in the short to medium term is Polo's circa £30 million stake in GCM

[spights] 12/11/2016 15:27

Tang paid 40p for 1 Polo share
He will want at least 100% return
Realistic 80p- £1

[red army] 12/11/2016 14:33

It would be even better if they bought POL out at price to NAV ie 25p ish.

That would make more sense.

[roomb] 12/11/2016 08:10

Maybe GCM will be helped by Trump's denial of climate change. So we'll all be rich here but dying of lung poisoning and overheating.

[bossman1978] 12/11/2016 01:17

It would be good to see a special dividend if all goes well with GCM?

[paleje] 12/11/2016 00:53

This is the best GCM spike I can remember and the best Polo response, but we should remember what has always happened in the past. The MoU isn't a green light it's just a commitment to join lobbying efforts as I see it, it could work out great but run on for ages longer before we know.

I'd rather see POL at twice this level without the GCM hype but I'm not complaining, it's like the sun it feels good when it shines but it might not last. If Trump's infrastructure plans actually happen then resource assets should benefit but perhaps gold, which is important to us, might not shine so brightly if US rates rise. Oil's recovery might be slowed too as he apparently wants home grown.

Twists and turns in the market keep us on tenterhooks. If I'd held GCM directly, which I don't, I would have probably sold today because it's all in one basket and I think it might cool off but POL has lots of baskets. Overall though hats off to mr T.

[888icb] 12/11/2016 00:30

Polo's 27.8% holding in GCM is today worth £8.6million. If GCM were to move from 50p to £1.50 which is very conservative based on earlier green light valuations, the value of Polo's holding in GCM would be greater than the current £22 million market cap of Polo.
If we finally have a breakthrough on Phulbari GCM and Polo are about to become very interesting.

[spights] 11/11/2016 19:51

Tang paid 40p per Polo share


Target 80p-£1.00

[spights] 11/11/2016 19:49

Polo paid £1.80 per GCM share

[barnetpeter] 11/11/2016 19:34

the entire portfolio seems to be racing up. I think the NAV is higher now than some have suggested...note that polo has set aside millions in the accounts for a loss on GCM. They can rewrite all that and release that cash if you see what i mean.

Sell GCM at 120p and a special divi of 10 pence please.......

[spights] 11/11/2016 19:18

Do not forget the star in their portfolio
Ironstone Resources

[tidy 2] 11/11/2016 19:10

POLO investments pol acquired gcm back in 2008 ..dont think they are selling yetassetsGCM ResourcesPlc UK 27.83% 01/02/08 30/06/15 Coal explorationCelamin HoldingsNL Australia 33.23% 18/12/14 30/06/15 PhosphateexplorationSignet PetroleumLimited BVI 42.00% 16/05/12 30/06/15 Oil & GasexplorationSignet PetroleumNamibia Limited BVI 42.00% 27/02/14 30/06/15 Oil & GasexplorationSignet PetroleumNigeria Limited BVI 42.00% 27/02/14 30/06/15 Oil & GasexplorationPerfectusManagementLimitedBLK 8.11% of 5.1m oz gold = 413,610 ozPolo Resources Limited is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For further details on Polo, please refer to: www.poloresources.com.

[modform] 11/11/2016 18:50

I don't understand it at all.It has been a rough ride from 5p when the nav was 8p, but now 7p with nav of 22p. Why do punters chase GCM when they can buy it here at massive discount.

[888icb] 11/11/2016 16:33

GCM closed at 50p
Polo closed at 7.43p