Polo Resources Share Discussion Threads

[bossman1978] 22/11/2019 11:53

He is not Dattels anyway. Only filling his own pockets!

[jamesss1] 20/11/2019 20:30

Corporate scumbag

[alpal2] 19/11/2019 21:23

Bossman: Not a chance of Tang doing anything for small shareholders; he's too busy cashing his salary cheque. Even if GCM comes right, I just see him increasing his own benefits.

[bossman1978] 19/11/2019 17:33

Any sign of Mr Tang delivering a special dividend for us long term miserable holders?

[888icb] 19/11/2019 14:58

A 350000 Buy showing at 3.798 with another unknown 350000 trade at 3.79 showing 20 seconds earlier. So it is probably a rollover.

[jamesss1] 18/11/2019 19:49

Not happening..someone just skimming this..

[888icb] 15/11/2019 18:11

Polo UP 7.7% with a little interest in the late afternoon principally a 300000 Buy at 3.8p which made up most of the 403000 volume. Nice to see a good buy following on from 2 recent days when we saw 6x 100000 two days running.

[jamesss1] 13/11/2019 21:16

I couldn't agree more.GCM is definitely key to boosting polo.Just the Green light would see this rise...by how much is any bodies guess.
Or if one of our other investments uncover something unexpected.

[888icb] 13/11/2019 21:00

This is where GCM comes into the mix because the understanding is that Tang bought Polo from Dattels because he wanted GCM and Polo is the largest shareholder in GCM. Tang got involved with GCM before Polo and presumably is confident that GCM will come good at which point Polo would have a massive boost to its value. Polo is already supporting GCM with finance and presumably stands ready to continue that support which is perhaps why they haven’t realised any cash to distribute as a dividend to us long suffering shareholders. Although I must admit as a long term holder I have had a couple of good dividends from Polo when they sold major investments. I hope that GCM comes good soon at which point I believe Polos value would be unlocked.

[jamesss1] 13/11/2019 19:57

I like your reasoning and also your point of view however this share has been discounted for years and nothing has happened at all to improve things.Tang is paid for his 'skill' in growing the company but has actually done the exact opposite.Tang is not the man for the job as he has no intentions in delivering anything back to the share holders and that is evident in the way he has previously carried out business.of course he should stop taking money out.This will fold if his tenacity for draining the company of cash continues.
I may seem a bit negative but i can't see this situation changing at all.

[888icb] 13/11/2019 18:10

I share your frustration with the share price which is at a massive discount to NAV and essentially means you can’t sell for the real value of your investment. There is some prospect of our largest investment Hibiscus paying a dividend which could help if some was passed on as a Polo dividend. A lot of investors frustration is directed at Tang and I do think his remuneration should be cut while the share price is so low. Perhaps he should take his remuneration in shares to incentivise him to get the discount sorted.
However that aside what specifically do we want Tang to do. It is easy to criticise but if you had Tang’s job tomorrow what would you be doing. Let’s see if we can come up with some solutions for him.

[alpal2] 13/11/2019 10:26

james: Agree with your sentiment. I'm so far into the red with this that it's not worth selling but find it depressing that Tang thinks so little of small shareholders.

[jamesss1] 13/11/2019 06:16

So...that was a load of nothing.
Over to Tang....Tang...Tang?Are you there?Oh no,he's at the bank withdrawing our money...silly me.
Pile of excrement.

[shawzie] 08/11/2019 16:24

From Hibiscus Petroleum Annual Report, issued end of October 2019.

"We believe that the results of our efforts in this area are reflected in the strong EBITDA and EBITDA margins during FY2019. Our consistency in delivering these metrics over the past few years has encouraged us to develop a Dividend Policy which we have recently disclosed. We hope that in the not too distant future, we will be in a position to distribute dividends."

We live in hope.

[pixtel] 08/11/2019 14:19

New report contained 2 mentions of GCM projects at the end of a long list of 29 Bangladesh power projects, 1st project's commission year was blank, 2nd project's commission year was 2024. Sources of their data pasted below.


The 29 projects were compiled by Market Forces and represent those proposed and under
construction projects that have either reached financial close or which we believe have material
prospects of progressing towards commissioning. In compiling this list, Market Forces considered
projects listed by Global Energy Monitor’s Global Coal Plant Tracker (GCPT) July 2019 dataset
(not publicly available), the Government of Bangladesh’s ‘Revisiting Power Sector Master Plan
2016’ and disclosures made by project sponsors and stakeholders.

[888icb] 08/11/2019 12:01

Like yesterday there have been 6 Buys of 100000 shares and total volume of 671000. This has moved Polo UP 3.54% to 4.10. The 52 week high is 4.80p which was in February. Let’s hope this is a sign that one of the investments is about to announce some good news. I would like it to be GCM because that would be very good news for Polo and was the principal reason Michael Tang bought Polo.

[philjeans] 08/11/2019 11:18

Steady BUYING. Must be some corporate action - somewhere.

[888icb] 07/11/2019 13:13

Polo remains up 11.7% although it has been higher at one point. Volume is currently 1.087 million.

[888icb] 07/11/2019 11:21

Currently UP 11% following yesterday’s rise. There have been 6 purchases of 100000 shares so far followed by an 88000. The last two trades were at 4p. Clearly Polo trades at a massive discount to NAV but just wondering what has sparked this interest. There has been this extra $10 Billion investment in Bangladesh energy and mining announced this week by China. Clearly that could be very good news for GCM. Polo is a very low risk way of getting exposure to GCM. But not much reaction in the GCM shareprice so it may be unrelated. Whatever the cause it’s nice to see Polo moving north.

[shawzie] 07/11/2019 10:45

Coal power expansion: Study apprehends environmental disaster
Tribune Report
Published at 02:01 am November 7th, 2019
Transparency International Bangladesh Coal
Research groups launches report styled “Chocked by Coal: the Carbon Catastrophe in Bangladesh”, at the Dhaka Reporters’ Unity on Wednesday, November 6, 2019 Mehedi Hasan/Dhaka tribune




Bangladesh to emit 115 million tons additional CO2 annually


Bangladesh will release an additional 115 million tons of carbon dioxide (CO2) annually in the atmosphere once it completes constructing and starts operating 29 planned and under-construction coal-fired power plants by 2032, suggests a study report.

It also apprehends that Bangladesh is going to face a great environmental disaster due to the government's move to set up these coal-fired power plants across the country.

India, China, Japan and the United Kingdom, among other influential countries, are pushing Bangladesh to execute the expansion, said the report styled “Chocked by Coal: the Carbon Catastrophe in Bangladesh”, launched at the Dhaka Reporters’ Unity on Wednesday.

Of the planned coal-fired plants, China will be providing funds for 18,000 MW while the UK for 3700 MW, Japan for 3600 MW and India for 1320 MW.

Against the 525 megawatt (MW) electricity currently being generated from the only coal-based plant in Dinajpur, the amount of total coal-fuelled power in Bangladesh will jump by over 63 times to 33,250 MW, the research findings observe.

Research groups--Market Forces and 350.org—carried out the study in association with Bangladesh Poribesh Andolon (Bapa), Transparency International Bangladesh (TIB) and Waterkeepers Bangladesh.

Discussing the findings of the report, experts said the mammoth expansion plan of coal-fired power generation in Bangladesh is suicidal, and it contradicts the government’s pledge to the people, of a habitable country.

They also termed the plan completely inconsistent with the Paris Agreement and a major obstacle to attain the sustainable development goals (SDG) fully.

According to them, some vested conglomerates are also provoking the government to go for the massive expansion, taking advantage of Bangladesh’s plan to expand its power generation capacity to a great extent.

TIB Executive Director Iftekharuzzaman said Bangladesh needs more electricity, but not at the cost of lives and the environment.

“When the developed countries, considering the environmental impact of coal, are shutting down coal-based power plants, we are being asked to go for coal power expansion,” he said, hinting at some economically powerful countries.

He also said the government has undertaken many power plant projects defying “acceptable221; environmental assessment reports.

“We’re fighting climate change and, at the same time, emphasising on coal power expansion. This is completely a two-faced attitude,” he said, urging the government to stop constructing of the ongoing coal-fired power plant projects until comprehensive environmental assessment.

Iftekharuzzaman said in 1200 MW Matarbari coal-fired power plant, the financing agency Jica (Japan International Cooperation Agency) itself conducted the environmental assessment – which should not be the case.

Bapa General Secretary Abdul Matin said as part of their stance against the 1320MW Rampal power station in Bagerhat, the green group submitted the findings of 13 studies to the government informing it the potential ecological damage from the plant, but yet to get any response.

“It’s been 28 months, since we submitted our findings. But the government has not responded as yet,” he said.

Matin went on saying that the ashes that the coal burnt at the plant will not only affect the Sundarbans, but will eventually spread to Kolkata, India in 20 to 30 years after it goes into operation.

Sharmin Morshed, executive director of non-government organization Broti, said Bangladesh’s plan for a 63-fold coal power expansion will deprive the country of implementing 90% of the SDGs.

“The government formulated water policy and action plan for safe drinking water, but is promoting pollution as the sites of most proposed coal-based power plants are along river banks,” she said.

The event was addressed among others by economist Mohammad Shahjahan Siddiqui and Waterkeepers Bangladesh’s Sharif Jamil.

A World Bank (WB) estimate says that Bangladesh's per capital CO2 emission spiralled from 0.18 metric tons in 1997 to 0.46 metric tons in 2016 growing at an average annual rate of 5.17 percent.

[stupidboypike] 06/11/2019 12:58

about blooming time!!!!

[philjeans] 06/11/2019 12:29

NICE rise today.

Something brewing here alright!

[alpal2] 05/11/2019 10:12

Whatever news; it doesn't seem to be about GCM which drifts ever down.

[philjeans] 05/11/2019 09:53

A little buying. News coming?

[jamesss1] 05/11/2019 09:47

To what do we owe the pleasure of a .3 point rise?