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Share Name Share Symbol Market Type Share ISIN Share Description
Polo Resources Limited LSE:POL London Ordinary Share VGG6844A1158 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.57 1.15 1.99 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.3 -1.1 - 6

Polo Resources Share Discussion Threads

Showing 16301 to 16321 of 17475 messages
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DateSubjectAuthorDiscuss
25/4/2020
15:55
I said that for months. This bunch of companies is just a cash machine for the management. Shareholders will cry soon!!
solhuge1
25/4/2020
12:11
Polo seems to be placing an awful lot of faith in it's GCM investment. Is this sensible? It's been posted that other(s) have faith in Prism providing future return, mentioning previous special dividends. But due to policy change we are told there won't be any dividends and any money will be retained within the company, either for re-investment or general day-to-day requirements. The typically wide spread minimises return from share price appreciation. The chance of generating return from Hibiscus now seems rather remote. As an investment it could turn sour.
glavey
25/4/2020
10:05
When i said buy, it’s not necessarily in cash of course!!
solhuge1
25/4/2020
08:45
Tang via Polo and Dyani effectively control GCM. Why does Tang need to buy the rest of GCM. Could do an all paper deal.
russman
24/4/2020
15:48
Tang, if he can and find it feasible will buy gcm through polo at a very, very, very, cheap price. The cheapest possible!
solhuge1
24/4/2020
15:07
GCM is a high risk investment for Polo. Was it an average 170p Polo paid for 30%. Tang has doubled up & consolidated his position at both. Even if GCM does skyrocket, Tang will never share with the other Polo shareholders.
russman
23/4/2020
13:46
GCM was 19p in 2013 when Tang installed himself as Chairman. & how much has he siphoned out over the years there.
russman
22/4/2020
09:26
Not only polo....
solhuge
22/4/2020
08:20
Tang record at Polo. Tang bought off Dattels in 2013 at 40p, SP27p, NAV36p & share options 6m at 25p plus CEO salary and perks. To date SP2p, NAV8p, share options 20m at 4p plus salaries. Tang has run Polo into the ground for his personal benefit.
russman
22/4/2020
02:28
"...but it does bag the question..." (sic) A hypothesis: Seeing an apparent chance to make an easy / fast buck by opportunistically putting personal interests before those of Polo stakeholders, there being no reason why he would particularly benefit by using his Polo vehicle and, under his plans, a portion would be swapped with Dyani anyway. An alternate hypothesis: He felt it wouldn't be appropriate to increase Polo's holding in Hibiscus without first seeking shareholder approval which time did not permit, so he went ahead with the attention of obtaining approval in due course so that he could transfer the holdings across at cost. Just for fun, a poll: Vote 'green' if you favour of the first and 'red' if you favour of the alternative.
glavey
21/4/2020
20:35
GOB and the chinese will never go for an expensive coal project with oil so cheap. and cheap oil will last...
solhuge
21/4/2020
20:24
888ICB "but it does bag the question why did he do the deal for Mettiz and not Polo." Perhaps we can now see how M Tang operates - especially since he has already stated that he would support current investments rather than invest in new projects. If he had Polo best interests at heart, he could have sold some of the current investments profitably. I note that use of coal in India is giving way to clean energy sources. Bangladesh should follow suit.
shawzie
21/4/2020
16:39
Oil price negative 35 usd wti Small companies won’t survive to this war...
solhuge
21/4/2020
16:11
The Mettiz purchase on the 18th would have been at a very low price as it closed at 0.275 that day. The first purchase by Mettiz was 2 million shares on 9th March when the shares closed at 0.41. So he bought as the shares were falling quickly. Admittedly the Mettiz holding is very small in comparison to Polo’s but it does bag the question why did he do the deal for Mettiz and not Polo.
888icb
21/4/2020
14:13
Hibiscus share price -8.60% - 0.42 myr Small oil companies will have very difficult time going ahead....
solhuge
21/4/2020
14:03
GOOD INVESTMENT for M Tang ? March 18, 2020 purchase by Mettiz of 1,000,000 shares in Hibiscus Petroleum. The total number of 141,900,000 ordinary shares are held as follows:- 1) 138,900,000 ordinary shares are registered in the name of Cimsec Nominees (Asing) Sdn Bhd CIMB for Polo Investments Limited (PB); and 2) 3,000,000 ordinary shares are registered in the name of Cimsec Nominees (Tempatan) Sdn Bhd CIMB for Mettiz Capital Sdn Bhd (PB). Datuk Michael Tang Vee Mun is deemed interested by virtue of his interest in Mettiz Capital Sdn Bhd and Polo Investments Limited pursuant to Section 8 of the Companies Act 2016.
shawzie
21/4/2020
12:04
Not entirely sure what point you are trying to make with your auspicious comment. You may wish to take note that Dattels is an American and Tang is Malaysian Chinese.
888icb
21/4/2020
12:04
Correct glavey...
solhuge
21/4/2020
12:02
888ICB private message for you
spights
21/4/2020
11:35
Quite an auspicious encounter for Mr. Dattels.
glavey
21/4/2020
10:02
I think it is very useful for Spights to provide background on Tang and give some context to what he is doing at Polo and GCM. Tang is a well qualified and successful lawyer and businessman. He has clearly made a considerable amount of money before he came anywhere near Polo or GCM. He was brought into GCM by Dattels who clearly rated his ability. We all know that GCM is all about Politics and Tang has taken up that challenge. He has had to come up with a new strategy and bring in people who can put pressure on Hasina at the very highest level. GCM is as close as it’s ever been to getting the green light for Phulbari and Tang needs to see that done.
888icb
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