Polo Resources Share Discussion Threads

[russman] 06/8/2020 05:27

M/cap approx £6m; last year "admin" expenses $2.5m. Go figure.
I am not giving Tang any more capital considering his performance to date.
I would vote for a delisting if Tang does not resign at this adjourned AGM;then sell my shares on the last day of trading and accept my loss.

[888icb] 05/8/2020 20:26

Moron using words he doesn’t understand???

[johnnyrambo1] 05/8/2020 18:05

Capital call ???

[888icb] 05/8/2020 14:56

Polo is in no way struggling for the cost of its listing. The Directors have to consider the best interests of the shareholder. There can be no doubt that it is in the interests of shareholders to maintain the listing and I presume you would agree with that.

[next time lucky 19] 05/8/2020 14:07

The gold investment in Blackham Resources is now under Wiluna Mining Corporation, The share will have to go some to pay off for Polo.

[russman] 05/8/2020 13:35

Considering the current m/cap of Polo the BoD may consider that the costs of maintaining a listing outweigh the benefits.

[russman] 05/8/2020 13:31

Bermuda Triangle - you get my drift.

[beergut] 05/8/2020 10:12

Thanks 888

[888icb] 05/8/2020 09:38

Polo did of course benefit massively from how well Hibiscus has done as it forms a significant part of its NAV. The frustration investors have is that the NAV is not reflected in the share price

[888icb] 05/8/2020 09:23

Polo does have an interest in Blackham Resources which is an Australian gold mining company BLK.AX. I think from memory it’s a pretty small investment. It also has a large interest in Nimini Holdings a gold company in Sierra Leone but I think that is mothballed.

[beergut] 05/8/2020 09:06

Did Polo own shares in a gold mining company in Aus?Should the share price not have moved up the past few weeks?

[apfindley] 05/8/2020 08:58

Hold on...wasnt tang supposed to be a barrister according to 888.Its looking even more likely that 888 could be tang.

[johnnyrambo1] 05/8/2020 08:56

888FT is a lawyer now 😂😂😂😂


you are a Shixx investor for 12 years, so avoid giving law opinion 🤡🤡🤡

[888icb] 05/8/2020 08:53

A poster made a comment saying Polo was a Bermuda company and some comments were made about directors duties. I should not have assumed them to be right because as Big Frankie says Polo is a British Virgin Islands Company. BVI law is essentially based on English Law and hence the comments about Directors duties would be broadly the same as under Bermudian Law.

[big frankie] 05/8/2020 07:59

BVA is British Virgin Islands.

[glavey] 05/8/2020 01:55

What's Bermuda got to do it?

[888icb] 05/8/2020 00:39

I didn’t say British laws apply in Bermuda. Bermuda’s laws are based on English law and the principles of English Common Law are part of their legal system. This is usual in former British colonies and Territories. You can’t even read and understand what you google. Must try harder if you want to avoid further embarrassment.