Polo Resources Share Discussion Threads

[russman] 18/5/2020 09:33

No - I am not doing your job.

[888icb] 17/5/2020 16:39

I posted this on the GCM bb but think it will be of interest to Polo shareholders. hxxps://www.eco-business.com/news/bangladesh-to-double-fossil-fuel-imports-in-coming-decade-as-renewables-lag-behind/ That is a link to an article posted on another bb regarding how Bangladesh needs a lot more coal as renewables only account for about 6%. There is a link within the article which was written in November 2019 to 29 proposed power plants and Phulbari is mentioned for 2 plants with one due for commissioning in 2024. This is very positive.
I posted this on Thursday and it has been commented on a few times. I should perhaps make clear that the article itself is dated 14th May 2020 and it links back to the November 2019 article for its information on the 29 coal fired power plants including 2 at Phulbari which will use own coal whereas 25 power plants will use imported coal.
Take a look at the publication Eco- Business. This is a publication promoting low carbon sustainable and renewable energy. It doesn’t like what it is saying about coal in Bangladesh but is having to accept the reality that renewables can’t even get to 10% and coal is the only way to make it work over the next 10 years.
Look at the big picture. Bangladesh as a fact is going to need and use a lot more coal. The most economic way of doing this is to use own coal if you can because it is cheaper and in the case of Phulbari far less polluting than imported coal.
The time is right for GCM to make their submission to the Bangladesh Government and for the Government to approve it.

[johnyrambo] 17/5/2020 15:52

Everything has collapsed since dattels and mellon left...

[888icb] 17/5/2020 14:00

Russman is that a question or do you already know the answer? Polo Made the investment in Andina Gold in 2011 during the time when Dattels and Mellon were in charge. I think they also made direct personal investments at the same time. Perhaps you can enlighten us as to what happened to that investment and the loan to which you refer.

[glavey] 17/5/2020 05:07

Polo seems to have a habit of making loans to businesses who may not be able to repay them.

[russman] 16/5/2020 07:10

What happened to the Andina Gold loan.

[johnyrambo] 15/5/2020 12:13

And polo stands at 1.75p?

[888icb] 15/5/2020 10:47

Some good news for Polo this morning as the 12.5% increase in Hibiscus today is worth a significant amount to Polo. Hibiscus now 0.58 it’s highest since the oil market crashed.

[russman] 15/5/2020 09:13

Fifth step: Change Polo's domicile to London.
In order to aid corporate transparency.

[glavey] 15/5/2020 04:11

In which case irresponsibly temerarious and a further concern as to where the funds ended up.

Is this acceptable of a Executive Chairman?

[russman] 14/5/2020 19:16

Was there any security for this $4m Plinian Guernsey loan.
It appears not.
Nil points for business sense.

[hidooo1] 14/5/2020 11:22

Not sure they can afford to have a telephone, too expensive

[russman] 14/5/2020 10:05

Fourth Step : Conclude the adjourned AGM.
The pandemic might go on for years; Proxies, telephone, zoom are all practical solutions.

[russman] 14/5/2020 10:02

& consolidate GCM's P&L plus provide further loans to extend Tang's gamble.

[888icb] 13/5/2020 10:58

I don’t think anyone other than Executive concerned is going to disagree with that proposal. Is 50% enough? However I suspect Tang will be looking for success at GCM to propel the Polo share price above 4p and to justify the remuneration he has received.

[russman] 13/5/2020 10:36

Third Step: Considering Polo's performance to date; an executive pay cut.
Say 50%. that might focus Tang's attention on his 20m 4p warrants.

[alpal2] 12/5/2020 10:13

"....add an independent director to the board". You must be joking, the last thing Tang wants is an independent director who might criticise his actions and remuneration.

[russman] 12/5/2020 09:27

Second Step: Give clarity on the identity of Dyani.
A major shareholder & no public company information available.

[glavey] 11/5/2020 16:29

Logical not to whilst, it's claimed, they can be used to leverage voting power.

Wonder why it's taking a long time to follow the Nomad's suggestion to add an independent director to the board. Although they really need at least two.

[1hidoo] 11/5/2020 11:41

Agree Russman, however The logic doesn’t apply here, but only interest

[russman] 11/5/2020 11:00

The logical first step would be to buy in & cancel the Perfectus Polo shares.

[glavey] 08/5/2020 04:32

"...it is not only a "Tang" man company."

Not so sure about that...

[1hidoo] 07/5/2020 14:23

Russman. makes me think they have something to hide ?

[jamesss1] 07/5/2020 13:30

If there are buys then there are sells.....nope

[alpal2] 07/5/2020 12:26

In the name of diversity: PR office in Johannesburg. Why?