Polo Resources Share Discussion Threads

[icb888] 11/7/2019 10:53

The progress is continuing at GCM.The important point to remember is that the Power plant is the game changer which will require the green light to be given for the coal mining.This is good news.

[icb888] 11/7/2019 10:52

The progress is continuing at GCM.The important point to remember is that the Power plant is the game changer which will require the green light to be given for the coal mining.This is good news.

[alpal2] 11/7/2019 10:30

Typical GCM price movement; up to 32p; back down to 24p.
Approval from Gov. of Bangladesh is still the main sticking point; as it has been for over 10 years.
I think this is now the third MOU to develop the mine and power-station. But no approval from government. At least this MOU says it will be a joint responsibilty to get government approval.

[folderboy] 11/7/2019 09:41

Meanwhile POLO goes its own merry way (merry!?)

[ntv] 11/7/2019 09:36

some news at GCM
price has gone up a bit but will probably come down again

[philjeans] 11/7/2019 09:35

More good news today from GCM - this is hugely undervalued on that stake alone!

BUY

[behuge] 08/7/2019 10:29

The spread is big, but polo is correlated for 17.8 % of its nav to GCM. Daily volume is furthermore insignificant. If GCM is not a success share price will go down more than . Meantime Tangy is cashing his huge salary emptying a bit more the accounts....

[icb888] 08/7/2019 09:46

There is currently an 18% spread on the Polo Buy/sell price which is not helpful and creates the impression of large percentage moves in the share price

[behuge] 08/7/2019 09:24

You will see icb....

[jamesss1] 08/7/2019 09:19

Although i think GCM has a big influence on Polo, i do think it is a silly comment for the same reasons.

There is something untoward with this share/price, my guess is we don't know (underhanded practices by Tang/his reputation) what the big players do and its as simple as that.

[icb888] 07/7/2019 01:19

That is frankly a ridiculous comment as Polo has shares in Hibiscus worth multiples of the current share price and as it is a listed company Polo could easily raise a large amount of cash. We just need Tang to do something to increase the share price and a dividend would definitely be a good start.

[behuge] 06/7/2019 22:48

If GCM is unsuccessful Polo is almost finished....

[bossman1978] 06/7/2019 20:07

Seriously need dividends for investors!!

[icb888] 06/7/2019 13:11

There was only one trade on Friday which was a sell of 16000 shares. There is usually quite a large spread on Polo so while this appears a large fall it is of no significance and a buy on Monday should produce a large rise. I do agree that the money taken by Tang related to the share prices massive discount to NAV is not really acceptable. It seems we need GCM to come good before we can expect a change. In the meantime we are trapped by the low shareprice.

[barnetpeter] 06/7/2019 11:57

Big fall on Friday I see. Only holding a small amount now myself...not been a single buy since 26 June. Plenty of small selling. So fed up with nothing going on here except vast fees being taken.

[behuge] 03/7/2019 20:55

depends if GCM is successful or not. But again this is AIM and people must play with what they can afford to lose... meantime our Tangy is cashing his huge salary and bonuses and is surely not as worried as many people here!

[behuge] 03/7/2019 20:15

James relax and wait patiently for the conclusion.... this is AIM

[jamesss1] 01/7/2019 16:33

Nothing will change as Tang is reliant on GCM to come good,he doesn't care about share holders, cash burn etc just a big fat slice each year regardless of company position.

[cfb2] 01/7/2019 16:04

Looking at Polo's interims I'd expect those dividends to sit on their balance sheet. Burn rate caused by administration costs are going to be a problem in the next year. They'll either need to reduce their administration costs (BoD too greedy and so not going to happen), sell some assets (likely to get a poor price if they are a distressed seller) or raise some cash. I wouldn't expect much support for Polo from the market.

[888icb] 01/7/2019 14:21

Hibiscus was up 5.6% today and is approaching it’s all time high. This should be good for Polo as it is it’s most valuable asset.I would like to see Hibiscus start to pay dividends which could then be passed on as a Polo dividend. Tang really needs to take some action to reduce the massive discount to NAV.

[888icb] 27/6/2019 00:04

If or should I say when Gcm get the green light Polo will fly.

[behuge] 26/6/2019 19:04

That’s the only hope to see the share price up....

[jamesss1] 26/6/2019 18:44

If GCM get the GL ...then what for polo?
10, 15, 50?