Polo Resources Share Discussion Threads

[shawzie] 05/4/2018 10:12

cfb2
Michael Tangs emoluments from Polo;
2014 928,000
2015 921,000
2016 1,318,000
2017 508,000
Michael Tangs emoluments from GCM;
2014 215,000
2015 303,000
2016 303,000
2017 303,000
He still has some way to go to recover the Mettiz investment in Polo, but he has personal holdings in GCM and Hibiscus which should be showing a good gain.

[cfb2] 05/4/2018 02:42

Sorry Shawzie. Obviously you do!
There are a couple of interesting investments in Polo's portfolio but whether they'll bring in sufficient revenue when offset against some awful investments, with potential liabilities attached, the outgoings of the execs and slightly shady dealing make Polo an intriguing share to watch.

[888icb] 04/4/2018 22:47

A good update about completion of Hibiscuses latest North Sea deal. Hibiscus has been doing really well and this should make it even better.Well done Mr Tang.

[shawzie] 04/4/2018 21:48

Cfb2
Line 5 of my post.

[cfb2] 04/4/2018 12:24

shawzie: You do know that Mettiz investment group is owned by Tang?

[shawzie] 04/4/2018 10:29

Past performance is no indication of future performance.
Polo Resources Limited
14 May 2013
Malaysian Group, Mettiz Capital Ltd, becomes Polo's Largest Shareholder
(a company controlled by Michael Tang), today acquired 31,738,775 ordinary shares of no par value (representing approximately 11.77 per cent of the Company's issued ordinary share capital) at a price of 40 pence per share.

Mr. Tang commented; "This is a turning point in Polo's development whereby the Mettiz investment group has obtained a strategic stake in Polo without dilution to Polo's shareholders. Polo has three important investments in coal, gold and oil and gas, all of which have potential to substantially enhance shareholder value in the next 18 months and I consider that the current Net Asset Value understates the potential value of the Company's interests.

"Polo has had an impressive track record as an investment company over the past three years paying 50 pence per share in dividends totalling $185.4 million and substantially outperforming many of its resource investment company peers. I am delighted that Mettiz has become the largest shareholder and look forward to accelerating the growth and development of Polo's exciting portfolio of investments."

[spights] 04/4/2018 08:48

0.105
04 Apr 2018
DAILY 0.007 7.143% DAILY VOLUME 61,600,804
MARKET CAP Help
124.02m

[888icb] 03/4/2018 21:07

Verulamium
You are right and WTI and BLK are both worth just over £450000.
What we should remember to cheer ourselves up is that in the last year Hibiscus has tripled in value and is now worth £21.4 Million. Which is £8 Million more than our current Market Cap of £13.72 Million. A massive discount based on just one investment!

[cfb2] 03/4/2018 17:01

Updated with the latest interim report, Polo's Net asset value per share over the past 5 years:
2013: 36.2p
2014: 31.3p
2015: 17.23p
2016: 15.643p
2017: 14.06p

[verulamium] 03/4/2018 16:54

Sadly over the same period WTI's halved, and they've roughly balanced each other out.

[888icb] 03/4/2018 14:43

Worth noting that BLK is up nearly 100% in the last month from.052 to .098. That equates to a very substantial amount of money for Polo.

[russman] 03/4/2018 09:53

How are minority shareholders going to realise the value.
At least have a plan.

[888icb] 03/4/2018 08:00

A very pleasing start to the month from BLK

[spights] 03/4/2018 07:34

BLK
0.098
03 Apr 2018
DAILY 0.011 12.644% DAILY VOLUME

[haroldthegreat] 28/3/2018 09:08

10p difference between share price and Nav. Ridiculous! Is there any other share on aim trading at such a large discount ?

[russman] 28/3/2018 08:56

I suggest Tang communicates a plan to close the discount to NTAV.

[philjeans] 28/3/2018 08:14

Patience is the key - sooner or later some of those investments will be sold for huge profits.

Super medium term value here.

[888icb] 28/3/2018 08:07

Interim Results RNS NAV 14.6p per share compared with current share price of 4.6p.
What more can one say apart from this is massively undervalued!

[888icb] 22/3/2018 23:02

There are no surprises in GCM’s interims. Good progress and business as usual.

[spacedust] 22/3/2018 20:19

Bad interims at gcm

[888icb] 22/3/2018 07:56

Polo has this morning issued an RNS about yesterday’s news from GCM.

[888icb] 21/3/2018 23:39

The GCM RNS was released at 16.23 this afternoon. Between 16.29.06 and 16.29.55 is within a minute there were 5 Buy trades at Polo each for 100000 shares. If you can’t buy GCM then we all know Buy Polo. If and when GCM takes off so will Polo. Tomorrow should be interesting.

[qackers] 21/3/2018 21:17

Surely they must have had some encouragement from the authorities to take it to this level he said hopefully

[spights] 21/3/2018 20:54

2018

GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)

Contract Framework Agreement with Strategic Partner

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, is pleased to announce that the Company has agreed a Contract Framework Agreement with its strategic partner China Gezhouba Group International Engineering Co. Ltd ("CGGC").

The Contract Framework Agreement awards CGGC the exclusive right for the engineering, procurement, construction, and commissioning of a proposed 2,000MW mine-mouth thermal power plant at GCM's proposed coal mine in North-West Bangladesh for an agreed initial estimated cost of US$3.8bn which shall be subject to further adjustments when the parties finalise a full engineering, procurement, construction and commissioning ("EPC") contract. This agreement follows on from the Joint Development Framework Agreement announced on 9 March this year which outlined the roles and responsibilities of both companies in pursing approval of the Phulbari Coal and Power Project.

CGGC is the main international business company of both China Gezhouba Group Corporation and China Energy Engineering Co. Ltd ("Energy China"). Energy China is a super central state-owned enterprise, and in 2017 ranked 312th in the Fortune Global 500. In the last three years, Energy China engaged in the design and construction of power plants with a total installed capacity of nearly 220GW, ranked first in the world.

Datuk Michael Tang PJN, Executive Chairman stated "We are delighted to finalise this EPC framework agreement with CGGC, which is to build the proposed 2,000MW mine-mouth thermal power plant provided that consent is obtained from the Government of Bangladesh and upon a definitive EPC agreement being negotiated. We look forward to working together with CGGC to move the Company's Project forward. The Project can support up to 6,000MW at the mine-mouth and/or at other strategic sites within Bangladesh."