Polo Resources Share Discussion Threads

[behuge] 26/6/2019 18:33

Maybe but meantime management is cashing £££;££££££££

[jamesss1] 26/6/2019 18:03

Zzzzzzzzzzzzzzzzz

[barnetpeter] 24/6/2019 22:36

Broke through the 4 pence level today. 3.8p to buy. I am expecting this to fall to closer to the 3p level myself. Yes a big discount to nav but the active investors seem to have given up and mr tang is taking a fee that some say is um....excessive

[bossman1978] 17/6/2019 15:07

Really need this company to start paying special dividends again like it use too under Mr Dattels. No one will look at this share until the management do something? Hopefully they will in the near future

[jamesss1] 13/6/2019 22:58

Ive said it before, i don't think this stock is popular for whatever reason amongst the market.The discount to NAV is huge yet no one touches it.Tang MUST have a bad rep or something because this behaves like a DOG no matter what.

[iambv] 13/6/2019 14:27

Hello 888ICB,

" It is also highly likely that good news for GCM will give a massive boost to Polo’s share price. "

I hope you are right, but fear that you are not. It has been my belief for some time that the share price will only become more representative of the underlying assets if the shareholders receive dividends as in the past. The board, in their wisdom, declared that they do not intend to do this and because of this new investors are not attracted to Polo because they think that they will never get their money back.

Mr Tang is doing himself and all other shareholders no favours by following this policy. We can only hope that he eventually realises this and changes things.

Perhaps, if Hibiscus starts to pay a dividend, some of it may be passed on to us.

We can only hope !

BV

[888icb] 13/6/2019 08:25

When you take account of the value of Polo’s holding in Hibiscus which is easily converted into cash it is difficult to make a case for Polo falling from here. It is certainly frustrating that Polo sits at such a massive discount to NAV. It is also highly likely that good news for GCM will give a massive boost to Polo’s share price.

[jamesss1] 13/6/2019 08:16

This thing will sink....i can see it a milen off...hinges on GCM and if that doesn't marerialise then down we go

[behuge] 08/6/2019 09:21

No news yet from Phronimos??

[beergut] 03/6/2019 21:05

We need Timis to make a bid and get this thing moving.

[behuge] 03/6/2019 20:52

Surely payment of the fat salaries of the pig team are pushing the price down..

[jamesss1] 03/6/2019 18:07

Oh no...its just polo doing it normal exciting thing

[jamesss1] 03/6/2019 13:11

GCM down too...are the markets taking a hit ?

[behuge] 03/6/2019 12:07

Polo down again. Sounds like Phronimos has no weight with his claim....

[behuge] 31/5/2019 22:43

No news good news....

[behuge] 17/5/2019 16:21

Totally agree. Managed by untransparent and profiteers people cashing indecent salary and bonuses. Shareholders have to be ready to go to court against bod shortly imho

[jamesss1] 17/5/2019 11:04

The worst stock I have ever owned...flat and boring with zero transparency.

[behuge] 13/5/2019 09:57

Buy/sell info unreliable as polo resources... shareholders have definitely few interest from the BOD. The only important thing for them is their massive salaries and bonuses!!

[888icb] 13/5/2019 08:55

GCM on the other hand is very quiet with just 1 trade of 2050 shares in the first hour of trading.

[888icb] 13/5/2019 08:49

Following on from the late Friday trading there is volume of over 700000 in 7 trades all at 4.40 with 6 showing as sells and the last one a buy. I think the buy/sell indications are unreliable!

[behuge] 12/5/2019 19:08

Curious what Phronimos can concretely do? There must be some blocking clauses in company statuses to avoid anyone to put their noze too deep....

[888icb] 12/5/2019 12:46

There was some late in the day activity at Polo on Friday and despite the trades being marked Sells the share price was UP 7.3%. Hibiscus is doing well and with major news expected at GCM a rerate is long overdue.

[furgus ferret] 12/5/2019 10:10

Someone bidding for stock. I think we know who it is. Phronimos Capital.

Tang - your time is up. We are out to get you and your lazy overpaid co-Directors. Do the sensible thing. Declare a special dividend based on revenue from selling Hibiscus.

Then we might leave you alone on your bloated salary !!

[888icb] 11/5/2019 09:33

We had an RNS update this week regarding one of Hibiscus Petroleum’s offshore UK oilfields. Work is proceeding as planed and may result in an increase in oil reserves. Good to see Polo’s most valuable asset being well managed and continuing to make good progress.