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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 16751 to 16775 of 17475 messages
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DateSubjectAuthorDiscuss
12/8/2020
14:22
"The stats suggest £25000 worth of sells and £8000 buys so fairly small beer." That's because the share price has collapsed and what was once a decent sized holding is now worth peanuts!
glavey
12/8/2020
14:17
"In times like this we need to group together" It would have been sensible to do this a long time ago to reign in the Chairman, but you didn't step up to the plate, nor a.n. other. Meanwhile the nomad walked.
glavey
12/8/2020
14:02
Still no statement from polo to clarify, to admit or deny that Tang himself or an associate or relative are the owners of Dyani corp.The continued silence on this matter is alarming.Why did gcm pay 5million quid in shares to the newly created secretive company Dyani to act as consultants , for work ehich the gcm directors, including tang, should've been able to do themselves? What were the directors being paid for if they just handed over their duties in advancing the phulbari project to a consultancy firm with no known employees or owners?
apfindley
12/8/2020
12:52
No nomad. 0p coming
letmepass
12/8/2020
12:11
Tang adjourned the AGM because his re-election would not be approved by members. The proxies do not change; Dyani do not get more votes for this AGM. So what has changed in the intervening months..........
russman
12/8/2020
10:06
Rats are leaving the boat.....
johnnyrambo1
12/8/2020
10:00
Group for what???? You’ve been warned several times. Stocks are not made for dreamers....
johnnyrambo1
12/8/2020
09:14
In times like this we need to group together not attack each other. There’s enough going on in the world With out this petty behaviour
spights
12/8/2020
09:12
Johnny he is not Please do not attack genuine investors of Polo The people here know who they are So you are wasting your time and breath You need a life.
spights
12/8/2020
08:39
888FT is a very long term investor glued in here For 12 years. 12 years of the same BS hoping he will be wealthy with a poenny stock He’s either a total idiot or a paid poster.....
johnnyrambo1
12/8/2020
03:29
"Shareholders at this time have no reason to believe that a new nomad won’t be appointed" 888, A comment which again leads me to question if you have a significant long term investment here, as you imply, but to the best of my knowledge have never clarified. So please enlighten me, what exactly is your interest?
glavey
11/8/2020
20:38
Hence my question...
johnnyrambo1
11/8/2020
20:29
I remind you why the AGM was adjourned.
russman
11/8/2020
20:03
When i said i wonder what are Phronimos thinking is NOW not last year....You come after the storm with this old info On another forum some people now regret not having backed Phronimos when they asked it... Shrews Posts: 78 Price: 1.20 No Opinion RE: Nomad resigned ... not goodToday 17:22 We should have backed Phronimos. He saw this coming.
johnnyrambo1
11/8/2020
19:53
That was last year
spights
11/8/2020
19:52
Read this Investment Advisor Urges Polo Resources To Return Cash To Shareholders LONDON (Alliance News) - Phronimos Capital LLC on Wednesday said it wrote to Polo Resources Ltd ... Alliance News13 February, 2019 | 9:26AM Email Form LONDON (Alliance News) - Phronimos Capital LLC on Wednesday said it wrote to Polo Resources Ltd in January requesting a tender offer to return 10 to 12 pence per share to shareholders. Shares in resources investor Polo were 16% higher on Wednesday at a price of 4.76 pence each. In early 2014, they stood much higher, at 20.63p. Polo has stakes in gold, oil and gas, coal, iron ore, and phosphate projects across five continents. The investment advisory firm wrote on January 28 to Polo on behalf of some of its clients who are Polo shareholders, with a 14% stake in total. "The persistently large discount of Polo's stock price to net asset value precludes shareholders from realizing anything remotely close to its fair value through open-market transactions," said Phronimos. "Consequently, we believe the next logical step to protect and unlock shareholder value entails a tender offer at 12 pence per share." Phronimos said funds could be sourced from a sale of some or all of Polo's "successful" investment in Hibiscus Petroleum, with the entire stake double Polo's market capitalisation. Selling one-third of the Hibiscus stake, the advisor continued, could allow Polo to buyback 20% of its shares at 12p, a significant premium to its current share price. It believes there would be widespread shareholder support for the move. Phronimos does not dispute Polo's right to "generously" pay its leadership when they help create shareholder wealth, but it noted Polo's share price has fallen 80% over the past five years with no returns whatsoever. Chair Michael Tang, it continued, has received around USD1 million a year, and his compensation through 2018 to 2020 is estimated to be 35% of Polo's market cap. Phronimos lastly urged Polo to stop making new investments into resources explorers who cannot fund their capital expenditure needs. "Phronimos has studied the returns of publicly traded natural resource companies across the globe from 2005 to 2018 and the results indicate shareholder returns from resource companies with assets producing free cash flow were more than quadruple their free-cash-flow-negative counterparts," Phronimos said. "This empirical study, combined with the anecdotal evidence from Polo's investments in the junior resource exploration companies that resulted in the aforementioned two-thirds decline in NAV since May 2013, leads us to conclude there are better alternatives to deploying capital in resource companies that lack the balance sheet wherewithal and near-term free-cash-flow generation to fund their capital expenditure needs." A spokesperson for Polo Resources contacted by Alliance News didn't have an immediate response from the company
spights
11/8/2020
18:55
I wonder what are thinking Phronimos.....
johnnyrambo1
11/8/2020
18:32
Is nobody taking me seriously regarding the Dyani situation?I've pointed out at gcm and here at polo.Who owns Dyani?Why was dyani allowed to take around 5million quid paid in shares in gcm for consultancy services, work which the directors couldve done or arranged themselves?Why were polo allowed to rack up 3.2million quid in loan notes to gcm?Why did dyani sell their gcm shares to polo in exchange for new polo shares?Why did polo buy those gcm shares, knowing that it means they can't convert their loan notes into gcm shares?For a long time this has pointed towards heavy Chinese influence to derail gcm via polo and use dyani as the shell which it will all eventually goto.If polo delists, you can forget about any future clarity. From there they could force gcm into admin by calling in the loan notes. The result being gcm will need to reimburse cash, or issue shares to polo. If they issue shares to polo then it tips the 30% and you're upto about 60% ownership of gcm.One question we need answering and there has been nothing forthcoming.....does TANG own Dyani?My opinion, without a statement, is that it is likely true.Why use a newly created Hong Kong company as a highly paid consultant to the aim listed gcm, with assets in bangladesh. They claimed to have a history of delivering large scale coal projects...but nothing can be found, nothing.How can this be allowed to happen?And where has all the money gone?
apfindley
11/8/2020
17:39
888FTwit trying to justify his massive losses as he has done for The last twelve years. ALWAYS wrong What a clown
johnnyrambo1
11/8/2020
17:28
Just back from a few days on the coast and it seems some people are getting very noisy about Polo and Tang. The Sp having been lower ended the day down 14% on a large spread. The stats suggest £25000 worth of sells and £8000 buys so fairly small beer. GCM had a buy and a sell and remained unchanged. It should have been a better day as Hibiscus was up nearly 10% which added many multiples of today’s trading amount to Polo’s NAV. We can all recognise that there is a possibility under exchange rules of a delisting if a new nomad is not appointed. Shareholders at this time have no reason to believe that a new nomad won’t be appointed. But there is a lot of bad mouthing and wild speculation from the usual suspects. People selling today are selling at a very large discount to NAV. If they wish to believe the doom and gloom that is their prerogative but they may have cause to regret selling at fire sale prices when a new nomad is appointed.
888icb
11/8/2020
17:28
Hibiscus. .66 up today over 9% Holding in this company 8.75%
spights
11/8/2020
15:38
Ready for class action folks??
johnnyrambo1
11/8/2020
15:36
Any association to 788-790 Finchley Road here?
pomp circumstance
11/8/2020
15:32
"...the Dyani consultants were located in Beijing." So why the shell company using a HK accommodation address?
glavey
11/8/2020
15:27
"We have been here before without a Nomad" But not where one walked off I think?
glavey
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