Polo Resources Share Discussion Threads

[1solstace] 06/1/2020 13:45

I know what dreamers, idiots and bagholders means....GCM will never be mined...mark this word

[888icb] 06/1/2020 13:22

I don’t think you have any idea what pump and dump actually means as it’s certainly not occurring at Polo.There has been 1 trade in Polo today so no conclusions to be drawn there. Everyone is fully aware that the share price of Polo is a frustration as it is a massive discount to NAV. But that is a good reason to buy and it’s a great way to get exposure to GCM at virtually no risk if unlike you someone likes the look of GCM.

[1solstace] 06/1/2020 12:51

In the favor of shareholders....hahahaha bid at 3.52 with a 20% spread. share price Says it all...last traded price 3.70p less 10%. Told you PUMP and DUMP...

[888icb] 06/1/2020 12:36

I am very happy that Polo has added over £1million to its NAV today.

[888icb] 06/1/2020 10:16

I believe that Polo’s 8.75% stake in Hibiscus based on today’s market cap is valued at £22.35 Million. So it is clear to see that each 1% rise in the share price of Hibiscus is worth significant money to Polo and 5% is worth over £1 million. The current market cap of Polo is £12.78 million which shows the massive discount to just Hibiscus’s NAV we are trading at. This is a crazy situation and with the State Minister for Power in Bangladesh saying they should mine their own coal including Phulbari as a matter of economic necessity and should grant approval in early 2020, we could see good news for GCM.

[888icb] 06/1/2020 09:55

Hibiscus is UP 5.53% to 1.05. Clearly this is a good rise for Polo’s largest investment and will have an immediate impact on our NAV.

[alpal2] 04/1/2020 07:00

AGM: Hope you're all voting against re-appointment of Tang as director.

[1solstace] 04/1/2020 02:25

Nothing is back to shareholders pocket...

[alpal2] 03/1/2020 13:16

.....but I don't see Tang passing any of that Hibiscus dividend to small shareholders.

[888icb] 03/1/2020 10:02

Hibiscus is UP 2.58% at 0.995 having been higher. So Hibiscus has started 2020 in positive territory each day. Clearly good to see Polo’s largest investment increase in value and there are good prospects for a dividend from Hibiscus this year.

[1solstace] 02/1/2020 18:25

Pure pump and dump. Tang is laughing at you...

[888icb] 02/1/2020 18:21

So did you have a crystal ball for Christmas?

[888icb] 02/1/2020 18:10

Nice to see Polo UP 3.8% on the first trading day of 2020 at 4p.

[888icb] 02/1/2020 17:43

Chinese New Year is approaching when it is traditional to hand out Lai See (Lucky Money. What a good opportunity to hand out red envelopes 🧧 as a substitute for brown ones! The Chinese have received Millions of £’s from GCM so let’s hope they use it wisely in Bangladesh. Polo have made positive statements about GCM in their last report so let’s hope Polo have 2020 vision and this is the year for success.

[alpal2] 02/1/2020 16:48

888: Sorry if I seemed cantankerous this morning. Yes, Tang was brought in as he seemed to think he could get the green light for GCM to mine. The fact that Bangladesh is desperate for electricity shows how many are holding out their hands for a brown envelope. I hoped that bringing in the Chinese would break the logjam; no luck so far.

[888icb] 02/1/2020 15:52

One small positive for the first trading day of the year is that Hibiscus is UP 3.19% at 0.97.

[russman] 02/1/2020 10:08

Polo could provide a video conference link to the AGM for the benefit of minority shareholders.
My question would be "what steps is the BoD considering to minimise the persistent discount of the share price to their reported NTAV".

[888icb] 02/1/2020 09:39

If the AGM was held in the UK Polo could be subject to UK tax which would not be in the best interests of the company. AGM’s are a legal requirement but essentially a formality. In reality asking your question valid as it is, is going to make no difference to anything even if you had the opportunity to do so in the UK.
Apart from Hibiscus the main investment that would make a major difference to Polo is GCM coming good. Dattels made that investment but failed to get the green light to mine. He brought Tang into help before he sold his Polo holding to Tang. Tang has put a lot of effort into GCM and continues to do so. I think your charge of incompetence is somewhat harsh. I agree entirely with you on the excessive salary.

[alpal2] 02/1/2020 07:28

888: If it's sensible to hold the meeting in KL,I look forward to your report of proceeedings at the AGM. Certainly hope you will raise the issues of excessive salary compared to incredibly poor performance. Apart from Hibiscus, every investment demonstrates the incompetence of the Polo directors. Not what I was hoping for when Tang took over from Dattels. It shows my own incompetence in not selling out when Dattels did [but then I'm not being paid $1m per year]

[888icb] 31/12/2019 15:04

The AGM is never held in UK for tax reasons.Its entirely sensible and not done to be anti small shareholders.

[alpal2] 31/12/2019 11:07

AGM: 21-January-2020. Being held in KL. This can only be to ensure minority shareholders don't attend and show Tang quite how how he has destroyed shareholder value through his incompetence. Not to mention drawing an unwarranted salary.

[glavey] 31/12/2019 07:15

Well that may be so, as of the 1st October, but we have no idea what their ("his") holding might be now...