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% 3.05p 2.80p 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

Showing 15176 to 15199 of 15625 messages
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DateSubjectAuthorDiscuss
05/2/2019
08:33
Hold tight!
philjeans
05/2/2019
08:28
another 1.8 million at 4p
mister md
05/2/2019
08:07
yes interesting trades at the open compared to low volumes recently
mister md
05/2/2019
08:05
1500000 shares bought already this morning...
alco
03/2/2019
23:11
That is right. If GCM comes good and achieves the valuation it should have then Polo will be worth a very substantial amount. Michael Tang paid 40p per share for his Polo shares and the reason he bought was for GCM. So there is enormous potential here if Tang can succeed where Dattels didn’t. If I remember correctly some years ago Polo offered £1.60 for GCM shares. The next few months are going to be very interesting and hopefully very profitable!
888icb
03/2/2019
21:38
Look at the posts by timw3 on the GCM thread. Very interesting. Based on the valuation being banded about for GCM and POLO's 17% or so stake in GCM, POLO could be worth over £2+ per share.
frrinvest
01/2/2019
23:17
Lets hope that GCM finally coming good will unlock the value in Polo which is already at a massive discount to NAV. Tang bought into Polo because of its holding in GCM so what will he do if GCM becomes very valuable? Polo has an option to convert a loan to buy more GCM shares at 11p. Will Polo make a bid for GCM? This should be a very interesting year for Polo and GCM.
888icb
01/2/2019
15:46
Yep - that's it. Nice.
philjeans
01/2/2019
15:25
Philijeans - totally agree. Just look at their financial position at end of 2018, very strong. NAV 15.73p per share compared to today 4p. A forgotten share imho ... Financial Position The Directors have reviewed the Group’s budgets for 2019, as well as longer-term financial cash flow projections and have considered a range of different scenarios together with their associated risks and uncertainties, and the impact of these scenarios on the Group’s cash balances. Additionally, the Directors have assessed the likelihood of future funding requirements. Based on these activities, the Directors are satisfied that the Group maintains a healthy financial position from the date of the signing of these financial statements, enabling Polo to take a flexible approach to the acquisition and disposal of investments. As at 14 December 2018, the Group had a net position of cash, receivables and short term investments of USD13.41 million (30 June 2018: USD15.02 million). Listed and unlisted investments at marked to market value, cost and valuation amounted to USD54.53 million (30 June 2018: USD52.92 million). The combined total of cash, receivables, payables, listed and unlisted investments was USD62.0 million as of 14 December 2018 (30 June 2018: USD60.28 million) which is equivalent to a Net Asset value of approximately 15.73 pence per Polo share (30 June 2018: 14.70 pence per share).
frrinvest
01/2/2019
09:35
Yes - and a lot more to POLO than just GCM! Huge potential here this year.
philjeans
01/2/2019
08:17
Looks like GCM taking off. Must be a safe bet being in POLO.
frrinvest
30/1/2019
12:14
Just announced a nomad !
haroldthegreat
30/1/2019
12:13
GCM nomad was appointed today.....rns at noon.
alco
30/1/2019
12:05
Gcm no nomad from feb 1. Unless announced today or tomorrow trading on aim will cease.
haroldthegreat
28/1/2019
01:19
I accept your point that Tang takes far too much salary particularly as the share price is at such a big discount to NAV. I do however think he believes in GCM and is soon to reap his reward which will be massive for Polo and it’s Shareholders. He will succeed where Dattels failed and at that point will become a worthy successor. Let’s not forget he has done well with Hibiscus but we are overdue at Dattels dividend.
888icb
22/1/2019
15:46
Michael Tang paid 40p for his Polo shares because he knew he could get his money back in salary.
cfb2
22/1/2019
09:47
No AGM statement; some PR may have helped the share price.
russman
20/1/2019
19:38
If GCM is about to rerate which looks increasingly likely then Polo will fly as it stands to make serious gains. Let’s not forget Michael Tang paid 40p for his Polo shares because he wanted Polo’s stake in GCM. Let’s hope this is going to be boom time for Polo and GCM.
888icb
19/1/2019
00:08
Thanks Goldfinger, let's hope the new momentum in the share continues
beergut
18/1/2019
20:26
Hi beergut, “Net Asset Value per share as at 14 December 2018 was approximately 15.73 pence per share“ HTTPS://uk.advfn.com/stock-market/london/polo-resources-POL/share-news/Polo-Resources-Limited-RESULTS-FOR-THE-YEAR-ENDED/78935882 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.
g0ldfinger
18/1/2019
11:03
It’s all good news I will get an update on Prism
spights
18/1/2019
10:48
I have heard that the long dormant gold prospect in Sierra Leone(Nimini)may come back into play.
wiseacre
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.
philjeans
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!
g0ldfinger
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