Polo Resources Share Discussion Threads

[beergut] 04/8/2020 22:24

Does polo own any gold shares?

[888icb] 04/8/2020 22:05

Bermuda law is essentially based on English law. A number of the duties would arise under common law principles to act in the best interests of the company rather than being set out as a specific requirement to maintain a listing. A director owes this duty to the company which includes the general body of shareholders. I think it would be difficult to argue in the case of Polo that it was in the best interest of the shareholders to lose the listing.

[johnnyrambo1] 04/8/2020 21:53

Everything is offshore for a reason...

[russman] 04/8/2020 21:34

BoD of a "Bermuda" Ltd have no duty to maintain a listing.

[johnnyrambo1] 04/8/2020 14:20

Is that you 888FT???😂
28514;😂€514;


Date Time Trade Prc Volume Buy/Sell Bid Ask Value

04-Aug-20 13:28:43 1.70 267 Buy* 1.58 1.70 4.54

[johnnyrambo1] 04/8/2020 14:16

Conspiracy theories 888FT.???

You’ve been posting shixx over the pas 12 years

Nobody believes what you say

[888icb] 04/8/2020 14:10

If you think Tang as a director of a listed company doesn’t have a duty to try to replace the Nomad you are entitled to your opinion. In my opinion you are wrong.
If he were minded to do as you suggest do you think he wants to take a risk by association at GCM at such a crucial time for that company.
I am not sure it is helpful to anyone to keep airing unsubstantiated conspiracy theories.

[apfindley] 04/8/2020 13:12

Shredded with minor shareholders. But not with the larger holders who have their eyes on the endgame, or those who took part in the placing to buy the dyani gcm shares.They will be happy to delist, then polo can force gcm into admin by calling in the loan notes. Between dyani and polo they have enough voting power at gcm to cause that to happen, and thrn to take the gcm assets (phulbari) as payment in lieu of the loan notes.Would tang be happy with that?

[russman] 04/8/2020 13:04

Tang has no duty to find a new Nomad.
Delisting would be convenient less regulation.
Minority shareholders would be left in the dark.
Tang can buy GCM if he wants, he does not need Polo anymore.
Tang's reputation has been shredded at Polo; nothing to lose.

[spights] 04/8/2020 10:42

Alpal2 If I get any news from Prism
I will send it to you

[spights] 04/8/2020 10:40

Alpal 2 only message about a family problem x

[johnnyrambo1] 04/8/2020 09:09

You won’t be losing a lot at the actual price.


Maybe you won’t have time to sell anything

[spights] 04/8/2020 08:58

Good Morning Ian,
I have messaged you
Maureen

[alpal2] 04/8/2020 08:49

For once I hope 888 is right! If POL is delisted, I will be forced to sell my shares from ISA at rock-bottom price.

[888icb] 04/8/2020 08:38

Russman posted that delisting was a possibility and I was responding to him. I was responding to that which will only happen if Polo fails to appoint a new nomad in the relevant time frames. Polo had to appoint a new nomad in 2017 and did so. It is familiar with the process. There was a suggestion by implication that Tang for his own ends would let the delisting happen. My comment was that as a Director he has a duty to take all reasonable steps to appoint the new nomad. There is no suggestion by me that he wouldn’t seek to appoint a new nomad. I expect a new nomad to be appointed and I don’t expect Polo to be delisted.

[glavey] 04/8/2020 07:41

When the Government asked people to wear face coverings I think it was the intention that they should cover the mouth and nose.

[apfindley] 04/8/2020 07:20

So now you're saying that polo may be delisted.Ok that means even less powers for shareholders, as delisting doesn't necessarily mean the end of a company, but it means no clarity, no reporting, no way of shareholders seeing whats going on.So you have dyani holding gcm and polo shares. You have polo holding around 30% of gcm shares, plus a further 3.2 million quid of loan notes in gcm.You delist polo, force gcm into administration by calling in your loan notes.Bingo you have the phulbari asset as sole first line creditors.The game is coming to an end, datuk ain't stupid.888, mickey, jayviper, and all their buddies just can't see through the blinkers.

[glavey] 04/8/2020 06:41

Placeholder:
"It is clearly not in the interests of the company or its shareholders to be delisted and so as a Director Tang has a duty to take all reasonable steps to find another Nomad. It will not look good for his reputation if he can’t find another Nomad. It could cause problems at GCM which he won’t want."

[glavey] 04/8/2020 06:37

"The wonders of spellcheck and of course you knew what I had intended to write."

Indeed, but it was appropriate to provide clarification for the benefit of other readers as I had quoted you verbatim. (Mine was obviously a typo - you may read as historical or hysterical according to your preference.) :)

Various 'concerns' have already been expressed within this forum on a number of occasions by myself and others. I don't see what point there is to repeat them now when they are all too obvious and amplified by recent RNSs.

Your 'prove guilt' argument is a distraction. This is about an investment in a business, we are not considering a case in law. When things reach the stage of becoming cases in law it is simply too late.

[johnnyrambo1] 03/8/2020 23:08

Nobody believes you 888FT.

12 years of BS and NO credibility.

[888icb] 03/8/2020 22:29

It is clearly not in the interests of the company or its shareholders to be delisted and so as a Director Tang has a duty to take all reasonable steps to find another Nomad. It will not look good for his reputation if he can’t find another Nomad. It could cause problems at GCM which he won’t want.

[russman] 03/8/2020 21:47

Delisting is a real possibility.
What motivation does Tang have to find another Nomad for Polo.

[johnnyrambo1] 03/8/2020 21:32

But no worries news are coming......😂;😂😂