Polo Resources Share Discussion Threads

[jamesss1] 09/8/2019 12:59

Rinsed until dry

[barnetpeter] 08/8/2019 21:37

Just going down daily. Soon be below 3p. Tang is not going to pay shareholders..that money is his money

[jamesss1] 07/8/2019 13:35

The big question here is why the persistent discount to NAV?
Simon Thompson thought he had uncovered a nugget when he discovered and wrote about POLO a few years back.He ended up looking silly and writing it off in his portfolio.
DOG of a share being rinsed by tang.

[icb888] 06/8/2019 18:53

I too have been here for many years and the Dattels days. We had some frustrating times in the old days but got some good payouts when investments were sold. It is perceived wisdom that Tang is in Polo for GCM so it seems we have to wait for that to come good before anything else is addressed. But I do think he should sell part of the Hibiscus holding and pay a dividend to the shareholders who are trapped by the massive discount to NAV. It would also be good if the large shareholders put pressure on Tang unless they are also in on his GCM master plan and are happy to hold for a mega payday in the future. Very frustrating!

[alpal2] 06/8/2019 17:51

icb: I have held here since the days of Dattels. Yes, the holding in Hibiscus may be worth £22m but what good is that to you or me; do you see it being sold and the money passed to you and me?
It seems that the only person benefitting from the good investments is Tang with his huge salary.
People are selling at this price only because they don't believe that Tang will ever pass any value to other shareholders. Don't know whether Phronimos is making any headway but am really surprised that the larger shareholders are not holding Tang to account for his abysmal performance.

[shawzie] 06/8/2019 16:36

For the time being, there is a tomorrow.
"With a strong development history behind it, PRISM is entering its commercialization stage of development in 2019 with preliminary economic assessments and feasibility studies planned for carbonyl powders and electric metals (vanadium, cobalt and lithium), with production operations anticipated for in 2020."

[icb888] 06/8/2019 15:06

Those talking doom and gloom about Polo should remember that while Polo�s market cap is a very disappointing �11 million its 8.75% holding in Hibiscus is currently worth �22.75 million. It has a number of other investments!

[behuge] 06/8/2019 13:53

our inevitable destiny...

[jamesss1] 05/8/2019 22:12

Sinking slowly to our death...

[alpal2] 25/7/2019 09:48

Daily up / down for BLK is somewhat irrelevant; longer term the shares are down 80% since the beginning of the year.
Seems the only asset worth anything are:
1} Hibiscus: Sell and give money to shareholders.
2} GCM: Hold until Phulbari plays out one way or the other.

[behuge] 25/7/2019 09:13

Will be much much better with Phulbari for sure

[icb888] 25/7/2019 00:23

I posted BLK up 10% precisely because someone had post the 16% fall the previous day to achieve balance.
More interesting is further progress at Hibiscus with a successful drill in Sabah, as set out in the middle of the day RNS. Hibiscus remains the jewel in the portfolio and a very solid investment which can probably only be better by GCM getting the green light at Phulbari.

[behuge] 24/7/2019 17:31

BLK up 10% today but down 16% yesterday

[alpal2] 24/7/2019 10:13

icb888: Best action for Polo: If Hibiscus can 'be converted easily into cash' then this should be done immediately and cash returned to shareholders.
Who would vote against this [except Tang]?

[icb888] 24/7/2019 09:25

BLK is up 10% today. We are all frustrated with the share price of Polo which in no way reflects the NAV. We rightly criticise Tang but Hibiscus has done very well and has created considerable value for Polo. It is a listed investment so if necessary it could be converted easily into cash.

[alpal2] 24/7/2019 08:54

Besides Blackham there's the brilliant investment in Celamin which was apparently made without any due diligence.
No wonder Tang thinks he's worth the money he rips out of Polo.

[jamesss1] 24/7/2019 08:27

Stop moaning!!Tang is a good person who is in it for the shareholders bahhhahahahaha

[behuge] 23/7/2019 20:27

Thank you Tang. Great company..... what next ??

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[behuge] 23/7/2019 15:32

Someone desperate sold 681,174 shares. But somebody else bought them....

[jamesss1] 16/7/2019 09:07

Right...didn't know that was going to happen.

Tell me, why would i sell when im at a loss and yet if Polo rose to NAV i wouldn't be???

[behuge] 16/7/2019 08:53

You always can sell and go away if you’re not convinced into what you’ve invested. The only thing you’re sure in life is that you’ll die...one day

[jamesss1] 16/7/2019 08:40

I hope you're right behuge however i think you're trying hard to convince yourself and the rediclous ramping follows.If its going to 'behuge' let it be, stop with the drivel.
Im not convinced at all