Polo Resources Share Discussion Threads

[dixi] 02/10/2018 20:56

Polo website appears to be very out of date?

[failedqs] 02/10/2018 19:03

Shawzie - Tang is rapidly recovering his investment outlay with his totally obscene pay and benefits package. I admit the NAV is looking healthy but given the record of Tang, shareholders will not benefit from this. Did they ever publish the new incentive scheme details?I sold out long ago but keep an eye on polo - it must be hugely frustrating for all long term holders to see the lack of share price action, but you have to ask why the market continues to apply such a massive discount to NAV - the conclusion is that "something is not right"

[shawzie] 02/10/2018 15:28

"The Directors may propose a special dividend or implement share buy-backs from time to time but the objective will be to achieve returns to shareholders through the appreciation in the value of the Company’s shares rather than by means of distribution. There is no fixed term for the life of the Company."

I cannot see any distribution of funds to shareholders until the share price allows Mr Tang to recover his investment in Polo.

Hibiscus Petroleum share price should follow the market price of oil- up and down.

[beergut] 02/10/2018 08:11

Will shareholders see any of this value, or is Tang working out what tricks he can pull in order to take as much of the value for himself?

[spights] 02/10/2018 06:53

1.34 HIBISCUS

[spights] 01/10/2018 21:52

Hibiscus holding value 35 million and rising

[g0ldfinger] 01/10/2018 20:31

Hmmm,
Polo's Hibiscus warrants appear to be worth £2.65m.

hxxps://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5199WC

edited: thought Hibiscus had issued one free warrant per share, but it was only one free warrant per five shares.

[spights] 01/10/2018 19:11

Plus any further increase in BLK AND Hibiscus

[spights] 01/10/2018 19:08

We are worth approx 50 million with out nimini and prism
At least 16p as of today
But much more in the future when Prism comes on stream

[barnetpeter] 01/10/2018 18:29

Plus its all in for free..they had 16 million dollars at the last report. Worth about 4 pence per share.

[barnetpeter] 01/10/2018 18:24

Polo is so cheap....incredible discount. The management control is the issue here.


The company could easily return 5p per share if it wanted to. I reckon Hib could get taken out at about 2.00.....how much would that be worth to the company? About 15p per polo share maybe?

[philjeans] 01/10/2018 12:25

Excellent news this am;


01 October 2018
Polo Resources Limited
("Polo" or the "Company")
CELAMIN HOLDINGS - INVESTMENT UPDATE
Swiss Supreme Court declares in favour of Celamin
Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil, gold, coal, copper, phosphate, lithium, iron and vanadium, notes that its 25.03% investee company Celamin Holdings Limited (ASX:CNL) ("Celamin") has issued an update regarding the progress of the legal proceedings between its wholly owned subsidiary Celamin Limited and its joint venture partner Tunisian Mining Services ("TMS") to recover its 51 per cent shareholding in Chaketma Phosphates SA ("CPSA") that was fraudulently transferred to TMS.
Celamin has advised that the company has received confirmation from the Swiss Supreme Court that they have decided to declare inadmissible Tunisian Mining Services' ("TMS") annulment application to set aside the Final Arbitration Award delivered by the arbitrator in the ICC arbitration of its dispute with its joint venture partner TMS in relation to the fraudulent transfer to TMS of Celamin's 51% shareholding in Chaketma Phosphates SA ("CPSA"), the operating company which holds the Chaketma Phosphate Permit. The Final Award found in favour of Celamin Limited, ordering TMS to return Celamin Limited's 51% shareholding in CPSA and to pay damages and costs in excess of US$4 million.
The Swiss Supreme Court has further ordered TMS to pay the Court's cost of approximately A$21,500, plus an additional indemnity to Celamin for its legal costs in the amount of approximately A$24,000.
Celamin will provide a more detailed update in due course following review of the complete decision.
The full details of the announcement and the background of the dispute can be found at www.celaminnl.com.au.
For further information, please contact:

Polo Resources Limited
- Kudzayi Denenga, Investor Relations [phone]

[russman] 01/10/2018 10:58

Polo need a discount "minimiser" now.
Might give Tang a nudge.

[philjeans] 01/10/2018 10:16

Added another 200k.

Value will out here eventually.

[spights] 01/10/2018 07:28

😀😀😀

[888icb] 01/10/2018 07:12

Hibiscus UP 3.97% at 1.31. Also Blackham UP 7.14%. So a good start to the month for the underlying value of Polo.

[rjmahan] 28/9/2018 22:30

These guys arent honest - look at option deal - dont invest.

[millerman1] 27/9/2018 09:37

I realised some time ago that buying Polo is only the same as handing your money and bank details over to the African Prince who emailed, promising to pay $10 million back into it in 6 months time...bye bye cash

[barnetpeter] 26/9/2018 22:34

tang will do nothing.

[888icb] 26/9/2018 22:30

Polo’s shares in Hibiscus are today worth £31.3 Million. Tang needs to act so the shares start to reflect the underlying value. He could sell some Hibiscus and pay a dividend. Alternatively start a share buy back program.

[millerman1] 26/9/2018 15:45

The point I was trying to make the other day.

[folderboy] 26/9/2018 11:49

Based on previous experience and being highly facetious - since when has Hisbisus closing up had anything to do with Polo?

[888icb] 26/9/2018 11:45

Hibiscus closed at 1.23 UP 4.24%

[888icb] 26/9/2018 07:12

Hibiscus continues its rise and is currently UP 3.36% at 1.22

[dixi] 25/9/2018 15:52

Thanks for the info all. Easiest route is to open a HL account. Barclays platform has been really awful since the 'upgrade' and integration with their online banking services.