Polo Resources Share Discussion Threads

[glavey] 30/4/2020 07:08

888,
I suggested it was pointless ("what's the point...?). I think your reply proposing it's 'tit-for-tat' confirms that.

And I might say that you know full well that a closing price which is just the 'mid' on a thinly traded stock like POL offers little in the way of price disclosure!

If you think the other poster a 'moron', why bother?


BTW, not sure the 'tit-for-tat' argument works though as it seems to be a bit of a habit. ;-)

[russman] 29/4/2020 06:53

No point watching the Polo share price.
Or GCM or Hibiscus.
Just waiting for Tang to show his hand i.e some news.

[solhuge1] 28/4/2020 20:37

Gaston and mickey from gcm board. Sure they will

[russman] 28/4/2020 18:51

Who would give Tang more capital to squander.

[solhuge1] 28/4/2020 14:23

Agree mister MD this is a scary situation for the company shareholders

[mister md] 28/4/2020 14:00

Placement soon ? Tang needs to secure funds for his salary the coming months and years ...

[solhuge1] 28/4/2020 12:05

888 has everyone against him as he is ramping this share every day with his non sense. Really funny.

1,71p -14.93%

[888icb] 28/4/2020 11:21

I know exactly what I am doing and how the spread works. I suggest you have a moan about the resident moron who always likes to deramp by posting the last traded price if it happens to be below the closing price. So I only post it to correct the moron. But you know full well that the price to use at the end of the day is the closing price. I have made the point in the past that when Polo sometimes has a spread of over 50% it is difficult to know what the proper price is. It is the moron who is simply misleading on a daily basis.
So quoting the official figures for the closing price and the percentage gain or loss for the day is now ramping and nonsense? I will leave the other posters to form their own view of your nonsense.

[russman] 28/4/2020 11:05

Illiquid - low volume and large spread.
A MM dream, retail punters be careful.

[alpal2] 28/4/2020 10:52

888: Much more relevant is the share price destruction by Tang. I can't get excited by a 'rise' to 2p [even though trades are at 1.7p] when my shares are down by over 90%.
Do tell us, 888, how much are your Polo shares up or down?

[glavey] 28/4/2020 03:30

"Polo has closed UP 11% at 2.01p."

Sorry, but what is the point of posting this nonsense? It just makes it look like incessant ramping. (You do similar on other boards too.)

Anyone who wants to know can look at the chart, trades and bid/ask for themselves. Besides, you are just illustrating the printed 'mid' compared to Friday, which embodies the printed 'ask' variation whereas the 'bid' (a more useful measure) has hardly changed and appears to have fallen a little during the day. Taken at face value it's simply misleading.

[solhuge1] 27/4/2020 19:25

Enormous spread. Last traded price 1.71p

[888icb] 27/4/2020 19:20

Polo has closed UP 11% at 2.01p.

[solhuge1] 27/4/2020 08:38

Agree russman tang is a gambler only. He already cashed his invested money through massive salary and share attribution.

Won’t be long before the collapse

[russman] 27/4/2020 06:56

If you "ejected" Tang, the Polo share price discount to NAV might fall.
Might actually find out what is happening in these opaque "subsidiaries" as well.

[russman] 27/4/2020 06:51

GCM is a high risk gamble, not appropriate strategy for an investment company.
Polo could only use paper to take over GCM; a lot of paper.
Tang would only contemplate this if he "controls" Dyani.
So Tang could easily takeover GCM on votes but he has nothing to gain; more to lose.

[solhuge1] 25/4/2020 16:55

I said that for months. This bunch of companies is just a cash machine for the management. Shareholders will cry soon!!

[glavey] 25/4/2020 13:11

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.

[solhuge1] 25/4/2020 11:05

When i said buy, it’s not necessarily in cash of course!!

[russman] 25/4/2020 09:45

Tang via Polo and Dyani effectively control GCM.
Why does Tang need to buy the rest of GCM.
Could do an all paper deal.

[solhuge1] 24/4/2020 16:48

Tang, if he can and find it feasible will buy gcm through polo at a very, very, very, cheap price. The cheapest possible!

[russman] 24/4/2020 16:07

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 14:46

GCM was 19p in 2013 when Tang installed himself as Chairman.
& how much has he siphoned out over the years there.