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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 17426 to 17445 of 17625 messages
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DateSubjectAuthorDiscuss
02/10/2020
16:54
So you're admitting, that if they had succeeded in removing tang then polo wouldn't be delisted?So you're saying that tang is the underlying problem.
apfindley
02/10/2020
16:32
But they didn’t did they which is the the important point. Their failure to remove Tang has directly lead to the current disastrous situation for all shareholders. Your other points may be true to various degrees but parading them in public via Phronimos has caused the delisting. I wonder if Phronimos explained how risky their actions were and that there was a significant risk of a delisting to the shareholders who supported them. We do not live in a perfect world and minority shareholders rarely succeed. The results of failure are far worse than letting sleeping dogs lie.
888icb
02/10/2020
15:21
Absolutely correct alpal2
longjohnsilver1
02/10/2020
14:35
It was Tang who refused to have an independent director. It was Tang's poor corporate governance in running Polo as his personal fiefdom. It was Tang who fiddled the shareholding control. It was Tang who caused the Nomad to resign. Of course Tang should have been voted out. If Phronimos had been able to get control we would have had a listed company with independent director, good corporate governance and a Nomad.
alpal2
02/10/2020
01:49
The only failure of logic is on your part. As usual you fail to answer the question with your pompous ramblings which contradict themselves from sentence to sentence. Phronimos have written the letters and organised the votes to try to remove Tang and in doing so have washed Polo’s alleged dirty laundry in public. Whether some or all of their allegations are true is totally irrelevant to the point I am making. If Phronimos had not done what they have done Polo would not have been delisted. Delisting is a disaster for shareholders. So what benefit have shareholders had from anything Phronimos have been involved with? The answer is quite clearly absolutely no benefit. Far better for shareholders for the company to be listed than delisted whatever the company’s failings. I don’t think anyone has ever been in any doubt that Tang controlled the company as Dattels did before he sold his shares to Tang. There may be some truth in your final comment about punishing shareholders and while I don’t agree with acting in that way as it affects all shareholders, how would you feel if a group of shareholders had tried to remove you from office?
888icb
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
glavey
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.
888icb
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.
glavey
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.
888icb
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.
shawzie
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
longjohnsilver1
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.
cfb2
29/9/2020
21:32
Of course he will call first the money back that gcm won’t be able to repay.
longjohnsilver1
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.
apfindley
29/9/2020
21:17
After polo, tang via polo will take gcm private
longjohnsilver1
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.
apfindley
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
longjohnsilver1
29/9/2020
20:53
888ICB Please explain how Phronimos caused POLO shares to be delisted.
big frankie
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