Polo Resources Share Discussion Threads

[russman] 26/5/2020 10:25

Lets not forget Mettiz's interest in Dayani.

[888icb] 25/5/2020 20:08

His exposure to GCM is via his shareholding in Polo. Polo own 29.8% of GCM. Therefore if GCM increases considerably in value Polo will make a big return on their investment which will be reflected in the share price of Polo. Tang is very motivated to ensure GCM gets the green light for Phulbari.

[shawzie] 25/5/2020 16:29

M Tang has invested directly in Hibiscus Petroleum.
Has he invested directly in GCM?
If not, why not.

[888icb] 25/5/2020 12:08

It is only fair to put your comments in context.
Investment in Polo’s chosen sector of natural resources is high risk in any event and so you shouldn’t invest in Polo or its sector if you can’t handle high risk. In order to reduce risk Polo has made a number of investments in different resources because a number will not succeed and the timescales before they do can be long not least due to political risk which is very difficult to control.
It should also be remembered that Tang inherited a number of the Investments and GCM was the biggest of those. Polo had made a very large investment in GCM long before Tang arrived. Tang became involved with GCM at Dattels invitation and it was Tang’s belief that he could succeed with GCM that lead him to buy Dattels shares in Polo. So in fact most of our capital in GCM was put in by Dattels and Tangs aim is to get that capital back many times over by success at Phulbari. I would argue that it would be an extremely high risk strategy at this point not to let him play GCM out.

[russman] 25/5/2020 08:58

Tang has played a high risk investment strategy.
His performance to date has been very poor.
& he appears to have gone all in with GCM using our capital.
The decision whether to give him more time to play it out - will be ours.

[888icb] 24/5/2020 12:06

There should be news from Celamin next week according to an RNS they released about a court hearing held earlier this month regarding the urgent return of assets. The court hearing had been delayed from March due to Covid 19 closing the courts.

[russman] 24/5/2020 10:07

Celamin might be a winner.
It has been a rocky investment so far.
How many more years for potential fruition.

[russman] 23/5/2020 09:53

Still put Signet in the loser pot; until Regalis takes off.
1/10 is a dismal performance.

[888icb] 22/5/2020 22:41

In a way you are right. Polo received a US$22 million from Signet and also shares in Regalis which I think was a distribution in specie.

[russman] 22/5/2020 19:59

Is Regalis the remains of Signet.

[johnnyrambo1] 22/5/2020 14:09

Strange that polo is not benefiting from the massive recovery in oil price and oil companies share price !!

[alpal2] 22/5/2020 11:38

....and I missed out another 'Loser': Signet Petroleum

[russman] 22/5/2020 10:40

Paying $1m p.a for a 1/10 winner.
Tang has not cashed out yet either.

[alpal2] 21/5/2020 11:12

Russman: I think I understand why only ad-hoc updates.
See my Draft Quarterly Report:
Winners: Hibiscus
Losers: Celamin, Regalis, Prism, GCM [but this has potential if I don't die first] Weatherly, Andina, Blackham, Nimini, Universal Coal

[russman] 21/5/2020 09:56

Eighth Step: Introduce quarterly portfolio updates.
Seems pretty adhoc company news at the moment; little structure.

[russman] 20/5/2020 11:30

Seventh Step: Make a decision on the Hibiscus holding.
Clarity on the Polo investment strategy would be helpful.
Tang does not seem to be proactive on selling anything, winners or losers.

[russman] 19/5/2020 18:57

& you have not mentioned Celamin for a while.

[russman] 18/5/2020 19:54

Polo owns 62% of Andina Gold.
Prism impairment.
Weatherly impairment.

[russman] 18/5/2020 19:14

Regalis Petroleum $15m impairment as "no further progress on their exploration".

[johnyrambo] 18/5/2020 11:09

32% And polo’s not moving???

[888icb] 18/5/2020 10:34

Hibiscus continues to recover and is UP 6% today. Hibiscus is UP 32% over the last 4 weeks which is a substantial amount for Polo’s NAV.

[888icb] 18/5/2020 10:23

I think we are all fully aware of the pressure being applied to reduce the use of coal. However it still remains a large part of the business of companies such as Glencore and AngloAmerican because there is still huge demand for it around the world. A large part of many countries power is still heavily reliant on coal. Coal plants continue to be built globally. This happens because there is often no viable alternative.
The point of the article I referred to is precisely that point Bangladesh as no viable alternative to using increasing amounts of coal over the next 10 years. The article is written by people promoting sustainability and essentially anti coal. But they say Bangladesh will struggle to get to 10% renewables and hence will have to rely on coal to a large extent. Once that is accepted as the reality which Certainly the Power Minister does then it makes sense to use domestic coal when you can as it is cheaper and in the case of Phulbari less polluting than the imported coal. This will be the case GCM will be discussing with the Bangladesh Government as they prepare to submit.

[shawzie] 18/5/2020 09:57

From an article in the The Times a few days ago :-
Norway’s $1 trillion oil fund has sold its stakes in the mining giants Glencore and Anglo American because of their production of polluting thermal coal.

Norges Bank Investment Management, which manages the sovereign wealth fund, said that it had also ditched its stake in RWE, the German energy group, and two other companies, AGL Energy and Sasol, because of their exposure to coal.

The fund owned a 2.4 per cent stake in Anglo American at the end of last year, 1.2 per cent of Glencore and 0.6 per cent of RWE.

[russman] 18/5/2020 09:40

Sixth Step: A strategic review of the current investment strategy.
Discard the "duds" including Tang.