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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 16401 to 16425 of 17500 messages
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DateSubjectAuthorDiscuss
21/5/2020
10:12
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
alpal2
21/5/2020
08:56
Eighth Step: Introduce quarterly portfolio updates. Seems pretty adhoc company news at the moment; little structure.
russman
20/5/2020
10:30
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
17:57
& you have not mentioned Celamin for a while.
russman
18/5/2020
18:54
Polo owns 62% of Andina Gold. Prism impairment. Weatherly impairment.
russman
18/5/2020
18:14
Regalis Petroleum $15m impairment as "no further progress on their exploration".
russman
18/5/2020
10:09
32% And polo’s not moving???
johnyrambo
18/5/2020
09:34
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
09:23
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.
888icb
18/5/2020
08:57
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.
shawzie
18/5/2020
08:40
Sixth Step: A strategic review of the current investment strategy. Discard the "duds" including Tang.
russman
18/5/2020
08:33
No - I am not doing your job.
russman
17/5/2020
15:39
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.
888icb
17/5/2020
14:52
Everything has collapsed since dattels and mellon left...
johnyrambo
17/5/2020
13:00
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.
888icb
17/5/2020
04:07
Polo seems to have a habit of making loans to businesses who may not be able to repay them.
glavey
16/5/2020
06:10
What happened to the Andina Gold loan.
russman
15/5/2020
11:13
And polo stands at 1.75p?
johnyrambo
15/5/2020
09:47
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.
888icb
15/5/2020
08:13
Fifth step: Change Polo's domicile to London. In order to aid corporate transparency.
russman
15/5/2020
03:11
In which case irresponsibly temerarious and a further concern as to where the funds ended up. Is this acceptable of a Executive Chairman?
glavey
14/5/2020
18:16
Was there any security for this $4m Plinian Guernsey loan. It appears not. Nil points for business sense.
russman
14/5/2020
10:22
Not sure they can afford to have a telephone, too expensive
hidooo1
14/5/2020
09:05
Fourth Step : Conclude the adjourned AGM. The pandemic might go on for years; Proxies, telephone, zoom are all practical solutions.
russman
14/5/2020
09:02
& consolidate GCM's P&L plus provide further loans to extend Tang's gamble.
russman
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