Polo Resources Share Discussion Threads

[glavey] 18/8/2020 12:53

mickmack,
"...you never actually make a point..."

There are plenty of points. Have you difficulty reading? Should have gone to specsavers?

Let's take the one you made about observing 'significant shareholder' activity. Although you didn't respond on that, consider the recent daily volumes and the share price collapse. What do you think might happen if a sell order of any substance entered the market?


"Isn't it also a requirement that a departing Nomad is duty bound to inform the Stock Exhange (sic) immediately if it is aware of such poor behaviour."

"Although paid by the listed companies that they represent, Nomads may deem it appropriate at times to resign from their position and/or report the company it regulates if persistently failing to meet the AIM rules and regulations that they are there to advise upon. This would be to avoid being fined by the London Stock Exchange for failing to properly police the market."

"Nomads act as the primary regulator throughout a company’s time on AIM"

[johnnyrambo1] 18/8/2020 10:35

Tick tock tick tock

You’re correct Glavey

[mickmack] 18/8/2020 09:30

Glavey you never actually make a point when you post your drivel. Are you insinuating that the Nomad left because of poor practice/illegal shenanigans by Polo? Isn't it also a requirement that a departing Nomad is duty bound to inform the Stock Exhange immediately if it is aware of such poor behaviour. Of which the SE can immediately suspend Polo from trading. That hasn't happened either. So what is your point?

[johnnyrambo1] 18/8/2020 08:38

Is he another clown or maybe another 888FT alias 😂😂😂

[glavey] 18/8/2020 01:58

Silvstallone,
17 Aug '20 - 18:58 - 16873

"Good finish"

Well done, your very first post it seems. We all have to start somewhere and this board and POLO's circumstances make it as good a place as any. 888 will be grateful for your support. :-)

[glavey] 18/8/2020 01:38

spights,
"...if you read his post you can see why I posted it"

I cannot.

[glavey] 18/8/2020 01:23

"...subject to review probably annually and perhaps they couldn’t agree.

Such reviews would be carried out long before a NOMAD resigns and potentially leaves a client 'Nomadless'. No NOMAD would want to be seen 'dumping' a client over a fee review before a replacement NOMAD could be appointed. Similarly no company who wished to remain listed would put themselves in such a predicament.

Allenby advised that the company should appoint an additional Independent Non-Executive Director six months ago, which the company has so far not done. That is to say POLO have failed to heed the advice of the NOMAD.

[johnnyrambo1] 17/8/2020 19:00

Johnney made good money trading this today🤑Ԍ97;🤑

[silvstallone] 17/8/2020 18:58

Good finish

[888icb] 17/8/2020 17:43

O dear after Jonny boy getting so excited about Polo’s fall this morning it has ended UP 1% on volume of 2.3 million. A sad pathetic individual in all his alter egos.

[scoots] 17/8/2020 16:22

Someone seems to be scooping a few up as a punt.

[alex1621] 17/8/2020 16:04

6 years ago this looked cheap at 20p? Tang's done a great job.

[johnnyrambo1] 17/8/2020 15:37

He has a good view...


barnetpeter Premium Member
Posts: 2,623
Price: 1.08
No Opinion
RE: Oh Dear!Today 12:14
I agree with the NAV being about 9p. A penny looks mad. But if this does delist you may well see nothing. The cost of Tang and other costs is obscene in my view.

[johnnyrambo1] 17/8/2020 15:36

Soon private ??!!!

[spights] 17/8/2020 15:26

Glavey if you read his post you can see why I posted it

[johnnyrambo1] 17/8/2020 15:08

And again -34.04%

Good trading today

[888icb] 17/8/2020 14:57

The fees received by a Nomad determine his profit level. One would imagine they are subject to review probably annually and perhaps they couldn’t agree.
The point about Polo having plenty of cash available does not mean they would be prepared to overpay for the services of the Nomad, that’s not good business.
But again it is all speculation On both our parts and I am not sure it is of any real benefit to anyone.

[glavey] 17/8/2020 14:52

Spights regurgitates again. Why? Russman can read and obviously already has. Hence his comment.

[johnnyrambo1] 17/8/2020 14:43

And again back to 0.94p

[glavey] 17/8/2020 14:32

888,
"Thank you for providing that background information on Nomads."

Yes, I thought that would elicit an equivocal response.

Actually the word 'fees' is not present. It refers to profit margins and the cost of regulation, and the Mifid II demands (which would include the issue of fines which could be imposed on NOMADs for not adequately attempting to 'regulate' their clients).

Besides, you have already argued that POLO are not short of cash so would have no difficulty in meeting NOMAD fees. If POLO were simply renegotiating fees they would do so and then advise a change in NOMAD appointment (as is normal practice).

Allenby Capital: "...one of the most active Nominated Advisers on AIM."

So not Allenby withdrawing from the marketplace then...

[spights] 17/8/2020 14:17

Russman check above

[spights] 17/8/2020 14:16

Notice Reconvening Adjourned Annual General Meeting
Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil, gold, coal, copper, phosphate, lithium, iron and vanadium, announces that the adjourned Annual General Meeting ("Adjourned AGM") of the Company will be held at Level 28, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, Kuala Lumpur, 59200, Malaysia on 21 August 2020 at 11.00 a.m. Kuala Lumpur Time (4.00 a.m. BST).
Shareholders of the Company and proxy holders who were entitled to attend the Annual General Meeting on 21 January 2020 ("AGM") may attend and vote at the Adjourned AGM, as per the AGM Circular dated 31 December 2019, a copy of which is available on the Company's website. The Adjourned AGM will be voting only on Resolution 3.
Previously lodged proxies remain applicable and any shareholder whose name was in the register of members of the Company at 6.00 p.m. GMT on 17 January 2020 and any depositary interest holder whose name was in the register of interest holders at 6.00 p.m. GMT on 16 January 2020 may attend and vote in person by submitting a letter of representation in the form prescribed by the Company no later than 14 August 2020 at 11.00 a.m. Kuala Lumpur Time (4.00 a.m. BST) and original produced by the appointed representative, along with valid photo identification on the day of the Adjourned AGM. The form of the letter of representation may be obtained via email from [e-mail].
Shareholders should be aware that the Company will not be accepting new proxy cards.
Shareholders should be aware that for the reasons disclosed in the announcement dated 21 Feb- ruary 2020 the proxy of Perfectus Management Limited (who hold 10.7% of the Company's issued share capital on the date of the AGM) remains valid.
Dyani Corporation Limited acquired their shares after the AGM, as announced on 17 April 2020,and therefore will not be entitled to vote at the Adjourned AGM.
The Company is registered in the BVI and can confirm that the holding of the AGM is in compli- ance with BVI law.
Measures will be taken at the Adjourned AGM in accordance with public health guidelines issued by the local authorities.
For further information, please