Share Name Share Symbol Market Type Share ISIN Share Description
Polo Resources Limited LSE:POL London Ordinary Share VGG6844A1158 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.10p 2.90p 3.30p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -5.8 -1.8 - 10

Polo Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
04/5/2018
08:59
Cheap gold recovery for Blackham in Wiluna Matt Birney [1] Thursday, 3 May, 2018 - 22:50 facebook [2] twitter [3] linkedin [4] google+ [5] print [6] Blackham Resources [7]’ potential doubling of production at the Matilda-Wiluna gold project has been boosted by new testwork showing transitional ores can be processed at 30% lower cost than originally assumed in last year’s expansion feasibility study. The metallurgical testwork is part of a reinvigorated body of work on the potential doubling of annual gold production at the Matilda-Wiluna project after the company decisively fixed last year’s production issues. Blackham is now on track to produce between 40,000 and 45,000 ounces in the first six months of 2018 at an impressively low, all in sustaining cost of less than $1100 an ounce. A preliminary feasibility study completed last August mapped out an expansion plan towards 200,000 ounces per annum by unlocking the value of the large-scale sulphide resources. In an update to the ASX, Blackham said the expansion PFS included a conservative assumption that transitional ore between the free-milling oxide ore at the surface and the sulphide bedrock ore would be processed on a new sulphide circuit. However, recent metallurgical testwork confirmed that both the oxide and transitional ores were best processed through the carbon in leach (CIL) plant already commissioned at Matilda-Wiluna. In fact, CIL processing is now expected to produce higher recoveries of gold from the transitional ore at a 30% reduction in processing costs compared to the sulphide circuit. The average leach recovery from the transitional ores was 84.3%, which is only just behind the 90.8% average recovery from the oxide ore. The Wiluna transitional ores tested have an expected average CIL recovered grade of 1.76 g/t gold. The good news for shareholders is that Blackham suddenly has additional ore reserves that it can process through the existing CIL plant. With most of the mining approvals already in place, the company can now fast-track any potential gold production from the transitional ore. Blackham will soon update its reserve estimates on oxide and transitional ores, which will help quantify the positive impact of its recent testwork. The latest update follows 84 RC holes drilled in March along 4kms of strike of the Wiluna mine to further delineate oxide reserves. The company is also conducting detailed geochemistry to remodel the thickness of oxidation across the entire project, providing more data to calculate the volumes of oxide and transitional ore.
spights
02/5/2018
07:17
https://www.asx.com.au/asxpdf/20180502/pdf/43tqj91npywtq5.pdf
spights
26/4/2018
08:51
WTI putting its self up for sale? hTTps://www.investegate.co.uk/weatherly-int---wti-/rns/strategic-review-and-formal-sale-process/201804260700071578M/
ps0u3165
19/4/2018
14:12
I know WTI is a small investment that has fallen alot. However on a positive note today it is top of the Leader board UP 42%.
888icb
17/4/2018
17:52
BLK - at least they seem to be trying to attract investors.
xow98
17/4/2018
13:50
Get Tang to close the discount.Plan B.
russman
17/4/2018
07:35
https://www.asx.com.au/asxpdf/20180417/pdf/43t8d4kxflss8g.pdf
xow98
16/4/2018
14:04
Hibiscus 0.92MYR0
spights
16/4/2018
06:59
https://www.asx.com.au/asxpdf/20180416/pdf/43t6xnyp2kl029.pdf
spights
11/4/2018
10:33
0.88MYRPrice increase0.05 (6.06% Hibiscus
spights
10/4/2018
21:57
Which is 6.625p per share for Polo's Hibiscus holding alone, according to my spreadsheet (which may or may not be accurate).
verulamium
10/4/2018
20:51
0.82MYR Hibiscus
spights
09/4/2018
07:20
Thanks spights. Excellent news . . . so another 1p off the price then!!
folderboy
09/4/2018
07:20
Thanks spights. Excellent news . . . so another 1p off the price then!!
folderboy
09/4/2018
07:20
Thanks spights. Excellent news . . . so another 1p off the price then!!
folderboy
09/4/2018
07:13
https://www.asx.com.au/asxpdf/20180409/pdf/43t1l5rzp35zrl.pdf
spights
05/4/2018
17:42
The big money for Polo at present is in Hibiscus which on the back of yesterdays Update was UP 7.75% today.
888icb
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.
shawzie
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.
cfb2
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.
888icb
04/4/2018
21:48
Cfb2 Line 5 of my post.
shawzie
04/4/2018
12:24
shawzie: You do know that Mettiz investment group is owned by Tang?
cfb2
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."
shawzie
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