Polo Resources Share Discussion Threads

[glavey] 02/10/2020 01:02

"This delisting was a very foreseeable likely outcome..."

So very many times since Allenby submitted notice you argued quite the opposite!

[glavey] 02/10/2020 00:57

"My point is that Phronimos’s plan was clearly very risky from it’s inception..."

Other that you have claimed so many times that Phromimos didn't have a plan, what was risky about proposing:

1) Return capital to shareholders via a tender offer
2) Refrain from dilutive share offerings or option grants
3) Cease new investments in resource exploration companies that lack the balance sheet wherewithall to fund their capital expenditure needs

[888icb] 01/10/2020 22:21

So you are saying that if Phronimos had not appeared on the scene Polo would have still been delisted. If so you are talking complete bolluck as usual. Your pompous sanctimonious nonsense about causation and connection is simply pathetic.

[glavey] 01/10/2020 22:12

"There can be little doubt that if Phronimos hadn’t appeared on the scene at the request of certain shareholders who clearly supported them with their votes as Phronimos had no standing on their own that POLO would NOT be Delisting tomorrow."

You are attempting to argue causation where there is no connection. Phromimos could have no influence over any prospective NOMAD being prepared to act for Polo.

Unless you are now making the case that Tang deliberately set about delisting Polo, deliberately spoilt Polo's pitch with Allenby to cause them to resign and subsequently did nothing to find a replacement.


"Phronimos came up with a disastrous plan..."

All along you have been arguing Phromimos had no plan!


"200% certain..."

Another nonsense.

[888icb] 01/10/2020 01:36

Polo is delisted.You have never been a shareholder. You are a very sick troll along with all your multiple identities. But you are still obsessed with Polo. You really do need help.

[shawzie] 30/9/2020 11:55

From Polo website :
Investment targets in the other sectors are confined to businesses and assets with at least the majority of their operations, or early stage companies that intend to have at least the majority of their operations, in Asia Pacific.

Guessing games could suggest that M Tang will relist Polo in Malaysia.
Closer to home.

Just what percentage of Polo shares does M Tang control?

I would be happy to pool my small amount of remaining shares if I thought that pi shareholders could take control of Polo.

[longjohnsilver1] 30/9/2020 11:05

Brilliant communications from the BOD to the beloved shareholders

[longjohnsilver1] 29/9/2020 21:37

Will be interesting to hear from Phronimos now

[cfb2] 29/9/2020 21:32

Cfb2 your statement that Tang has always planned to delist Polo is just a wild stab in the dark with the benefit of hindsight.

888ICB: I was invested in Polo a number of years ago. Look through my posts over the last 4 years about Polo and you'll see I've been posting on this thread about every 6 months saying the same thing and I thought I was slow to catch on.

[longjohnsilver1] 29/9/2020 21:32

Of course he will call first the money back that gcm won’t be able to repay.

[apfindley] 29/9/2020 21:25

He will first have to call in the loan notes which itself will cause gcm to suspend.So they 3.5million quid of loan notes in gcm with an interest rate of 12% (i think) all convertible at 11p . The value of gcm is currently 13mill mkt cap. At the strike price it will be around 12mill. The equity to be issued to satisfy the loan notes at 11p would be a minimum of 29% .Add that to the holding which Polo and dyani already have in gcm and youre at 70%...which essentially equals FREE PASS on resolutions at an EGM.And this is the best scenario for gcm, because raising external funds to pay back polocthe 3.5mill loan notes, would of course be at a much lower price, probably 5p or less in such desperate circumstances.Are you following all this 888?????And I've been generous in not adding the interest on the loan notes for the past 3 years.

[longjohnsilver1] 29/9/2020 21:17

After polo, tang via polo will take gcm private

[apfindley] 29/9/2020 21:12

"They failed and brought the house down"???Really?I perceive it as success in delisting a company which has been used to grab a HUGE slice of gcm.In delisting (and going private) if puts up a huge barrier in the faces of small private investors, minor shareholders, and gets rid of any compliance or regulatory obligations. Nobody will be there to see company meetings, or vote on company matters. They will have free power to do as they please.You kept saying at gcm 'the Chinese are coming' ...indeed they have arrived. Their front man has slowly been paving the way for taking full control of phulbari...and I can bet you anything, that once the call their hand on gcm, and its too late for those shareholders, then suddenly, after so many years of nothing, there will come, out of the shadows, a huge Chinese finance package to develop phulbari.....but it will be too late for shareholders.Do you now see what I've been saying strongly for several years , and more so since gcm were pushed into committing to the power plants in addition to the phulbari mine.

[longjohnsilver1] 29/9/2020 21:11

888 is a clown. He is posting brown stuff for 12 years and was expecting to be wealthy with polo

[big frankie] 29/9/2020 20:53

888ICB

Please explain how Phronimos caused POLO shares to be delisted.

[spights] 29/9/2020 20:48

Long john you know. there was a previous post to the one you posted of mine
Which explained my post

[888icb] 29/9/2020 20:39

Cfb2 your statement that Tang has always planned to delist Polo is just a wild stab in the dark with the benefit of hindsight.
I have on many occasions stated the view that his level of remuneration was excessive and should have reduced such that he was reliant on increasing the share price to secure a return on his investment. I do believe that Tangs primary reason for buying into Polo was for control of GCM and he never envisaged that it would take so long to get GCM over the line. GCM over the line would be a massive financial gain for Polo as the largest shareholder. Polos shares would have risen in value and everyone would have been happy. The delay hasn’t been his fault but it has caused financial issues. My point is that Phronimos’s plan was clearly very risky from it’s inception and I commented be careful what you wish for to the people supporting them. This delisting was a very foreseeable likely outcome of their actions and when they decided to poke the bear by trying to remove Tang that was reckless unless you could guarantee it would succeed. They failed and brought the house down while achieving absolutely nothing for the shareholders. In fact they made the situation 100% worse.

[spights] 29/9/2020 20:29

Yes idiots
How good is it to be so clever

[apfindley] 29/9/2020 20:22

Haha thats a funny quote.What idiots.

[longjohnsilver1] 29/9/2020 20:18

Yes of course

spights - 15 Aug 2020 - 12:28:25 - 16797 of 17361 POLO RESOURCES - POL
Polo could be the bargain of a lifetime
Depending on Fridays activity

[spights] 29/9/2020 20:12

Badger no more
Tang there are no words for him

A lot feel like you.Including myself.

[longjohnsilver1] 29/9/2020 19:56

Of course tang has won much more in salaries and bonuses than his « inisital investment » plus the free shares attribution as a gamble

Polo has been a nightmare for many years and it was easy to predict today’s situation

RIP polo