Polo Resources Share Discussion Threads

[spights] 26/5/2017 12:18

hope you can view above

[spights] 26/5/2017 12:17

hxxp://www.bursamalaysia.com/market/listed-companies/company-announcements/5440661

[888icb] 26/5/2017 07:29

BLK UP 26% so hopefully the tide has turned 0.315 on a volume of 7.3 million.

[888icb] 25/5/2017 10:50

Thanks for that Spights.

[spights] 25/5/2017 09:06

BLK
On Hot Copper
Mkt cap is now about US$10/oz. Including the debt it’s about US$15/oz. (That’s on the current resource).

This is cheap:

- On a global basis (look at assets in Canada, the Americas, etc)

- Given the (substantial) size of the resource

- Given they are in production (annualizing around 80,000 oz this quarter)

- Given the (triple A) jurisdiction of Australia



(What other companies are there with resources more than say 3m oz gold, in a decent jurisdiction, in production and trading at US$10/oz?)



Technically, and to me, really very obviously, it is massively oversold.

(That's what happens when a big seller hammers an illiquid stock).



It is easy to second guess yourself when a stock gets beaten up this badly. What have I missed? What do others know that I do not? I remind myself of the fundamentals:



Production is going up

From the RUI presentation, throughput was ~125kt in April, and is expected to be 142kt in May. Assuming June is the same as May, June quarter throughout would be 409kt, and a good estimate of production for the quarter might be 409kt x 1.6 g/t x 94% recovery => ~19,800 oz. That’s up from 14,900 oz in the March quarter.



Costs are coming down

Expect lower strip ratios this quarter; this will drive down costs. I’m expecting around A$1,300/oz all-in for the quarter.



Profitability is improving

See above.



Resources will increase.

49,000m of drilling not included in the current resource. Incredible drilling update earlier this week. My view has long been that this will be a 10m oz resources at some stage.

Expect an update with the June quarter release.



Obviously, management needs to calm the market.

They know it. Hopefully we’ll get an operations update in early June reaffirming what they said at RUI – production is back on track.



25c. Wow. Just wow! What a chance.

I have doubled my position this week, with some dry powder still to go...



Cheers

15ReportReply with quote

BLK (ASX)

Price at posting: 25.0¢

Sentiment: Buy

Disclosure: Held





Sent from my iPad

[spights] 25/5/2017 08:58

I do read Hot Copper
So if anything will post

[spights] 25/5/2017 08:57

Good morning 8881CB
I HAVE NOT HEARD ANYTHING TO CAUSE THE FALL IN BLK SHARE PRICE
WILL LET YOU KNOW IF I GET ANY NEWS

[888icb] 25/5/2017 07:33

Good Morning Spights
Thank you for your update on Hibiscus.
It good to see some movement at GCM but I am struggling to understand why BLK is taking such a bashing despite positive news. Any thoughts.

[spights] 25/5/2017 07:06

hxxp://ir.chartnexus.com/hibiscuspetroleum/readnews.php?id=77938

[888icb] 22/5/2017 21:33

The share that could take Polo back to 40p on its own is GCM. Let's hope GCM has just started its end game.

[roomb] 22/5/2017 16:17

Almost at 5p today - but it's still a long way back to 40p, and maybe never.

[888icb] 22/5/2017 14:23

Nice tick up to 5p at lunchtime following good news fro BLK and the good news from GCM on Friday. Polo is a good way to get exposure to GCM with little downside risk.

[spights] 22/5/2017 06:45

More good news

[papillon] 20/5/2017 22:47

letmepass 19 May '17 - 08:37 - 14279 of 14281 0 0
Should see a rise back to 7 on this

.......................................................

NOPE! Dream on!

[spights] 19/5/2017 16:04

RNS Number : 7212F
GCM Resources PLC
19 May 2017

19th May 2017
GCM Resources plc
("GCM" or the "Company")
(LON:GCM)

Holdings in Company


Following the issue of 4,791,034 shares to Dyani Corporation Limited (泰安1033;有限;公司) ("Dyani") in accordance with the power plant consultancy agreement announced yesterday, GCM confirms that Dyani is accordingly interested in 7.08 per cent. of the Company's enlarged issued ordinary share capital.

[letmepass] 19/5/2017 08:37

Should see a rise back to 7 on this

[letmepass] 19/5/2017 08:27

Gcm up 60%

[888icb] 19/5/2017 08:21

Here we go on the back of the good news from GCM

[spights] 15/5/2017 16:43

hxxp://www.hibiscuspetroleum.com/information-for-shareholders

[failedqs] 15/5/2017 14:40

Acamas - very true :-)

[acamas] 15/5/2017 14:13

FailedQS,

You can call me a "buffoon" for a lot less than $1 million a year. It would appear to me that he is about the only person making money from Dattels Golden Goose

[failedqs] 15/5/2017 13:58

Yesterday was the 4th anniversary of Tang's arrival.Shares down about 80% in that time. Total and complete failure by the buffoon.Hopefully he'll offer the rest of the shareholders the same deal as Dattels got - that would be a nice surprise!!Seriously, he has been a total disaster.

[acamas] 15/5/2017 12:05

Just put it down to the vagaries of AIM