Polo Resources Share Discussion Threads

[spights] 14/3/2018 07:25

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BLACKHAM RESOURCES LIMITED
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0.094
14 Mar 2018
DAILY 0.010 11.905% DAILY VOLUME 159,400,456

[russman] 13/3/2018 12:55

Surprised Armstrong has not agitated yet.

[philjeans] 12/3/2018 12:13

Nice BUY there for 1.8M shs - worth about £90k.

Somebody confident!

[spights] 12/3/2018 09:46

Polo Resources forges Bagladesh mine pact with China Gezhouba
By StockMarketWire | Mon, 12th March 2018 - 07:41
Polo Resources said investee company GCM Resources had forged a joint-development framework agreement with China Gezhouba Group International Engineering related to the development of the Phulbari coal and power project in Bangladesh.

The agreement includes a commitment by the Chinese company to invest 'up to 30% in the power plant, Polo Resources said.

[spights] 12/3/2018 09:42

Polo Resources Limited ORD NPV (DI)
12 Mar 2018 07:00:04

Polo Resources Ltd

RNS Number : 3361H
Polo Resources Limited
12 March 2018

12 March 2018



POLO RESOURCES LIMITED

("Polo" or the "Company")


GCM RESOURCES PLC - INVESTMENT UPDATE

NEXT STAGE AGREEMENT WITH PARTNER FOR PHULBARI COAL AND POWER PROJECT
Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil, gold, coal, copper, phosphate, lithium, iron and vanadium, is pleased to announce that its investee company, GCM Resources Plc ("GCM") (AIM: GCM) has agreed a Joint Development Framework Agreement with its strategic partner China Gezhouba Group International Engineering Co. Ltd ("CGGC").

CGGC is an internationally recognised engineering company with infrastructure projects across the world. Its parent, China Gezhouba Group Corporation (en.gzbgj.ceec.net.cn) is a core member of China Energy Engineering Group Co Ltd, a super central state-owned enterprise, and employs approximately 40,000 people.

The Joint Development Framework Agreement outlines the parties' roles and responsibilities in pursing approval of the Phulbari Coal and Power Project, including a commitment by CGGC (or its affiliate or investment partner) to invest up to 30% in the power plant, subject to approval by Chinese authorities, with GCM holding the balance of interest. Under the agreement CGGC undertakes to facilitate financing for the proposed power plant with GCM's assistance.

[philjeans] 11/3/2018 18:53

GCM should get to 50p next week.

[spights] 11/3/2018 16:28

Polo paid an average of £1.80 per Gcm share
I feel a yehaaaaaaaaaaaaaaaaaaz is due

[spights] 11/3/2018 16:26

I am here for my 80p per share

[888icb] 11/3/2018 15:44

The current discount to NAV covers a number of those multiples and success for GCM would smash it out of the park. Mr Tang has a lot riding on GCM.

[roomb] 11/3/2018 13:15

Polo would have to go up 8 times for Tang to get his money back on Polo. Just saying.

[888icb] 11/3/2018 10:26

The GCM RNS on Friday is the most positive news for many years. The Chinese partner is a leading implementer of China’s “Belt and Road “ initiative, which was initiated by China’s President Xi and has his full backing. The RNS specifically states that the Chinese company looks forward to assisting GCM in progressing both the MINE and the power plant for the benefit of Bangladesh.
Mr Tang bought his large stake in Polo because of its large holding in GCM. He has clearly always believed that he can get The Phulbari mine going. When that happens GCM will multi bag from its current price as will Polos holding in GCM.
In the past when investors thought the green light for Phulbari was getting closer GCM has traded in £’s not pence. Interesting Times!

[spights] 10/3/2018 11:28

Maybe Polo was distracted elsewhere

[spights] 10/3/2018 11:27

No they did not

[russman] 10/3/2018 11:19

Did Polo take up their Blackham rights?

[philjeans] 10/3/2018 08:51

POL was over 60p a few years ago - now 5p.

But the stakes it holds are worth many times it's current quote.

The latest news from GCM (absolute cert now that project will go ahead) may have started the long delayed re-rating POL deserves.

[barnetpeter] 09/3/2018 17:35

That’s a huge deal for gcm and some are predicting 60p to 100p next week. Polo owns a big stake here of course and is now sitting at a bonkers valuation

[philjeans] 09/3/2018 15:55

Me too - but non-holders are quite ignorant of the underlying value and potential.

[spights] 09/3/2018 15:46

Yes we do that’s why we have been here for years😀

[philjeans] 09/3/2018 15:36

Peeps have no idea what this treasure chest contains!

GCM now up 33% today!

[spights] 09/3/2018 15:33

At last some movement

[alco] 09/3/2018 14:32

and people still sell Polo.......

[philjeans] 09/3/2018 14:04

GCM currently up 15% and rising.......

[888icb] 09/3/2018 14:03

The GCM news today is a very positive step forward for the Power Plant project. If you are going to build a large power plant on the site of a proposed mine I wonder where they think their coal will come from? This will hopefully be reflected in the share price of GCM and Polo in the coming days.

[spights] 09/3/2018 13:55

GCM
Coal Projects, Bangladesh
19.84% equity interest