Polo Resources Share Discussion Threads

[g0ldfinger] 18/1/2019 20:26

Hi beergut,

“Net Asset Value per share as at 14 December 2018 was approximately 15.73 pence per share“


The subsequent rise in value of GCM has been mostly offset by a slight fall in the value of Hibiscus. I don’t know of any other significant changes since 14 Dec, so
I reckon current NAV is probably still around 16p per share.

Keeping an eye on Hibiscus warrants. The way they’ve maintained such a high price suggests to me that holders are expecting Hibiscus shares to be trading considerably higher before the warrants expire in 2021.

Polo’s Hibiscus warrants and GCM convertible loans could seriously boost the NAV if Polo get the timing right.

[spights] 18/1/2019 11:03

It’s all good news
I will get an update on Prism

[wiseacre] 18/1/2019 10:48

I have heard that the long dormant gold prospect in Sierra Leone(Nimini)may come back into play.

[philjeans] 18/1/2019 08:59

When can they convert? Is there a time limit?

Perhaps Tang will wait until the coal mine deal is finally agreed, when GCM will be very much higher?

All good to know though and underlines the incredible latent value hidden here.

[g0ldfinger] 17/1/2019 18:18

update on post 15109

If Polo exercise their right to convert £1.87m of the loan into the 17m shares required to take them back to 29.9% holding, they would make an instant £4.68m profit.

After conversion Polo's 34.5m GCM shares (@38.25p) would have a market value of £13.18m.

Not bad considering Polo’s £13.28m market cap (and GCM would still owe Polo £430,000)

To put it another way, If you want to invest in GCM, Polo’s investment in GCM is worth more than Polo’s market cap.
All Polo's other investments and the cash are freebies!

[wiseacre] 17/1/2019 16:55

I know the stake is under 18% in GCM but this dog refuses to wag its tail.

[spights] 17/1/2019 13:37

🌞
Feeling very positive

[philjeans] 17/1/2019 13:15

Practically everything's changed!

Govt; China; local frustration with rubbish energy supplies; other coal mines getting the green light etc etc

tick tock....

[alpal2] 17/1/2019 12:39

Good news from GCM but it is GCM's responsibility to get government approval - and GCM has been trying [unsuccessfully] to get this for over 10 years. Has anything changed?

[philjeans] 17/1/2019 12:18

Going very MUCH higher when peeps find out!!

Just added again.

[scoots] 17/1/2019 12:15

Has no one seen the GCM news?

[scoots] 17/1/2019 11:56

Wake up POL

[888icb] 14/1/2019 20:41

1 Million shares traded today and the share price is UP 10%.

[next time lucky1] 14/1/2019 20:34

As another long term holder this year maybe a breakthrough GLA

[russman] 14/1/2019 19:42

Tang does not seem to be taking any active steps to narrow the share price discount to NAV.

[jamesss1] 14/1/2019 12:13

Gcm is the only way this thing is going to move.

[philjeans] 14/1/2019 09:53

Yes it is - and will get a lot better methinks!

[spights] 14/1/2019 08:49

Good Morning all

[888icb] 13/1/2019 12:13

If GCM is successful then Polo’s current NAV of circa £47 Million could easily double or indeed go much higher than that. Current NAV per share is 15.7p. Tang paid 40p for his Polo shares because he wanted GCM. Tang clearly sees great potential in GCM and Polo. Let’s hope we are about to be rewarded by Mr Tangs perseverance.

[jamesss1] 12/1/2019 21:19

Good talk ;)

[jamesss1] 12/1/2019 11:19

Where do we think this dog can end up if GCM is successful?

[888icb] 12/1/2019 00:09

Good to see you Spights. You as a long term investor as I am know that if GCM flies so will Polo. Hopefully our time is coming soon.

[philjeans] 11/1/2019 15:34

Looking a little better.

Just about covers the cash now!

Good to see the MMs have tightened the previous stupid massive spread too.

[spights] 11/1/2019 15:16

😀😀😀😀8512;