Polo Resources Share Discussion Threads

[888icb] 02/8/2020 15:17

You would think Strand Hanson were the obvious choice unless there would be a conflict due to the close links between the 2 companies. But they would certainly be aware of all the issues so would require minimal adddue diligence. Let’s see if they can sort this quickly if they haven’t already.

[russman] 02/8/2020 13:59

Strand Hanson are GCM nomad.

[russman] 02/8/2020 13:56

Maybe the Nomad thought the content & timing of the RNS was the straw that broke Tang's.............

[johnnyrambo1] 01/8/2020 20:15

888FT you have as much intuition to know who is who as you have investment practice. 12 years of tumble. 😂😂😂🤡9313;🤡

[russman] 01/8/2020 20:05

Of course no-one reads RNS after 5pm on a Friday. Monday morning opening may be interesting. The Perfectus proxy should be voided - Tang has an obvious conflict of interest.

[888icb] 01/8/2020 19:10

I accept that everything you post is incomprehensible gibberish but if you could post using your Apf name you normally manage grammatically correct English.

[johnnyrambo1] 01/8/2020 18:34

Wait and see 888FT 😂😂😂😂8514; the shareholder such as you are doing this for years and years with big loss....

[next time lucky 19] 01/8/2020 18:16

Agreed not sure what the change will buy. No leadership is even worse than poor leadership look at VOG. The market conditions by 2008 financial collapse, now COVID19 are not helping. Polo has since 2008 suffered by lack of capitalisation of assets with a cash hemaridge due in part to excess management fees, poor portfolio selectio etc. but only if Mr Tang does not pull it off. Be careful what you wish for.

[next time lucky 19] 01/8/2020 17:35

Agreed not sure what the change will buy. No leadership is even worse than poor leadership look at VOG. The market conditions by 2008 financial collapse, now COVID19 are not helping. Polo has since 2008 suffered by lack of capitalisation of assets with a cash hemaridge due in part to excess management fees, poor portfolio selectio etc. but only if Mr Tang does not pull it off. Be careful what you wish for.

[888icb] 01/8/2020 16:54

Allenby were appointed in 2017 when the previous Nomad was relieved of its Nomad status by the Stock Exchange. Polo along with other companies had to find a new nomad quickly to avoid suspension of the shares. In fact the shares were suspended for 2 days as it can take time to go through the formalities of selecting and appointing a new nomad. We will have to wait and see what happens and to what extent it is linked to the reconvening of the AGM. Clearly the outstanding issue from the AGM needs to be resolved but the people who are trying to effect change should be very careful what they wish for.

[failedqs] 01/8/2020 15:49

NOMAD resigning? That's a red flag if I ever saw one.... The end result is going to be that Tang is the only winner. I was a Polo holder but bailed out finally in December 2017 - I don't regret it for one second. There is just too much wrong with this company for it to be a serious investment, there's only so much faith you can place in a management team that show complete disregard for investors. They will NEVER return money to the shareholders, they see the assets as theirs to keep. GCM the same - its going nowhere.....

[johnnyrambo1] 01/8/2020 14:28

Once again leaving the boat.... Resignation of Nominated Adviser Fri, 31st Jul 2020 17:25 RNS Number : 8383U Polo Resources Limited 31 July 2020 This announcement contains inside information as defined in EU Regulation No. 596/2014 and with the publication of this announcement via a regulatory information service this information is now considered to be in the public domain. 31 July 2020 POLO RESOURCES LIMITED ("Polo" or the "Company") Resignation of Nominated Adviser Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil, gold, coal, copper, phosphate, lithium, iron and vanadium, announces that Allenby Capital Limited ("Allenby Capital") have served notice to resign as the Company's nominated adviser. It has been mutually agreed between the Company and Allenby Capital that this resignation will become effective at the close of business on 31 August 2020. Pursuant to Rule 1 of the AIM Rules for Companies, if an AIM company ceases to have a nominated adviser, trading in its AIM securities will be suspended. Accordingly, if no appointment is made by 31 August 2020, the Company's shares will be suspended at 7.30 a.m. on 1 September 2020. If, within one month of that suspension the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled. The Company will endeavour to identify a nominated adviser to succeed Allenby Capital and shall update shareholders in due course. For further information, please contact: Polo Resources Limited - Kudzayi Denenga, Investor Relations [phone] Allenby Capital Limited (Nominated adviser & broker) - John Depasquale [phone] About the Company Polo Resources Limited is a multi-sector investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For complete details on Polo, please refer to: www.poloresources.com. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

[russman] 24/7/2020 04:25

Not sure why but PRISM came on my radar yesterday. Not really a significant investment.

[johnnyrambo1] 17/7/2020 13:46

Buys??? Means Someone is selling this gem.....

[glavey] 17/7/2020 00:34

"830000 of those were buys including a trade of 540000 at 2.02." Tut, you are letting your imagination get the better of you.

[888icb] 15/7/2020 23:55

A busy day today with volume of 1.2 million. 830000 of those were buys including a trade of 540000 at 2.02. It’s about time we had some news.

[johnnyrambo1] 07/7/2020 19:09

No news, and the clock is ticking. More money needed shortly !!??

[888icb] 07/7/2020 15:47

Bid 2.00p. The last trade of which you are usually so fond was a 10000 buy at 2.199p Closing price 2.06p. Not really worth bothering about with just 18000 traded. More activity at GCM where the volume was 298000. A late morning 100000 sell took the share price briefly below 14p but it then recovered in small steps to close just 2% down at 14.75p.

[russman] 07/7/2020 08:08

I presume Polo's Board meetings are held at a time and location convenient to Tang. I assume there are Board meetings or maybe Tang's decisions are rubber stamped later. As no-one at Polo has a telephone or internet connection, it rather limits the supply of potential NEDs to recruit. Anyone know any potential "disabled" candidates, preferably with an MBA in mind-reading / smoke signals.

[johnnyrambo1] 06/7/2020 13:42

Amazing 5000 £ what a fortune😂8514;

[888icb] 06/7/2020 10:08

I suggest a visit to Specsavers as one trade was for 250000.

[johnnyrambo1] 06/7/2020 09:49

The best you have done. This is going nowhere for years and years You shouldn’t had a lots of shares as only two trades this morning for about 25’000 shares each or 500£. Best to use your money for a nice week end