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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 01:00:00
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 16901 to 16924 of 17650 messages
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DateSubjectAuthorDiscuss
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.
888icb
17/8/2020
16:22
Someone seems to be scooping a few up as a punt.
scoots
17/8/2020
16:04
6 years ago this looked cheap at 20p? Tang's done a great job.
alex1621
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 ??!!!
johnnyrambo1
17/8/2020
15:26
Glavey if you read his post you can see why I posted it
spights
17/8/2020
15:08
And again -34.04% Good trading today
johnnyrambo1
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.
888icb
17/8/2020
14:52
Spights regurgitates again. Why? Russman can read and obviously already has. Hence his comment.
glavey
17/8/2020
14:43
And again back to 0.94p
johnnyrambo1
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...
glavey
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 info@poloresources.com. 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
spights
17/8/2020
14:15
hxxp://poloresources.weblite.com.my/WebLITE/Applications/news/uploaded/docs/31072020%20Notice%20Reconvening%20Adjourned%20Annual%20General%20Meeting.pdf
spights
17/8/2020
13:42
I will state the obvious. The adjourned AGM is this Friday at 4am. Only directors / officers of the company can attend. There is no communication link to the AGM for "others".
russman
17/8/2020
13:34
Thank you for providing that background information on Nomads. I note that the issue of fees is at the top of the list of reasons for resigning so my comment was justified. Clearly it could be any of those reasons and perhaps we will never know. My concern is damaging the company’s share price by speculating without factual proof of impropriety which has been denied.
888icb
17/8/2020
13:19
"There are three main reasons why Nomads resign from their position: •Profit margins for Nomads have shrunk as the number of AIM IPOs have remained low. The tighter regulatory framework put in place by the London Stock Exchange has also added to the costs of Nomads. This has been intensified by Mifid II regulations, which have added extra complications and costs for Nomads that are part of broader stockbroking groups. •The client is unwilling to accept guidance from the Nomad on the company’s responsibilities to AIM or breaches the AIM Rules for Companies. •The reputational risk for the Nomad of continuing to act for that business is too great e.g. if the AIM listed company has poor corporate governance." "Regulation on AIM is outsourced to nominee advisors..." "Nomads have little means of enforcement; instead they are expected to put pressure on the company they regulate to put their record straight — sometimes by threatening to resign as the company's advisor." "Scandals on AIM are often fuelled by the secrecy laws of the international financial system that allow offshore entities and their owners to remain anonymous." Credits: hTTps://www.uhy-uk.com/news-events/news/over-150-companies-forced-off-aim-after-loss-of-nomad-in-the-last-decade/ hTTps://www.desmog.co.uk/2018/05/10/what-aim-and-how-does-its-regulation-system-work
glavey
17/8/2020
12:49
"Quick buy of 300k shares for quick return. Listen to johnney" Johnney taketh the pith, methinks...
glavey
17/8/2020
12:43
"Glavey specialist subject the bleeding obvious." The "bleeding obvious" seems to be something you, by choice, refuse to grasp. :-)
glavey
17/8/2020
12:34
888, "You don’t know why the Nomad has resigned. Polo may think they are useless or not want to pay their Level of fees, but that is just speculation and can’t be relied on either." What don't you get. Polo did not change the NOMAD, the NOMAD stood down! If they had sought to change the NOMAD they would have done so and approved a replacement BEFORE discharging the existing!
glavey
17/8/2020
12:28
888, "There is no misinformation being spread by me. I have just reproduced the words of your beloved Phronimos for people to make their own mind up. The main point being Polo is massively undervalued at 1p and Phronimos agree with that. I am not sure how you seek legal redress with out taking some form of legal action.." No, you have added your own comment to which I referred. You still write in the present. Phronimos' view was in the past - they may not think the same in today's circumstances. You are still obfuscating. You are intelligent and well read. You know what "seeking" means. So do I.
glavey
17/8/2020
12:27
The investing policy is as it appears on the website. But in any event the Directors are always at liberty to propose a special dividend if they resolve to do so. If GCM was sold for a significant sum I would very much hope they would consider a special dividend as they have done in the past. Although many investors particularly if not holding in an ISA would undoubtedly prefer an appreciation in the share price so they are looking at cgt rather than income tax.
888icb
17/8/2020
12:15
888, "So they can pay a special dividend as they have done in the past or buy back shares." But they have stated that the approved investing policy is that they won't, i.e. it is not their intention to do so. And that approved 'fact' is their argument against Phronimos' proposal. (A [change in] policy which was slipped into an annual report, not one put specifically to shareholders at the AGM I believe. Is that not so?)
glavey
17/8/2020
12:14
Glavey specialist subject the bleeding obvious. The resignation of the Nomad is obviously to do with Polo. But that tells us nothing. What has Polo done or not done through the actions of its officers is what we would like to know and as you are fully aware Phronimos and various posters on this board are alleging impropriety by Tang and Dyani. They are then attempting to link that to the Nomads resignation. You don’t know why the Nomad has resigned. Polo may think they are useless or not want to pay their Level of fees, but that is just speculation and can’t be relied on either.
888icb
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