Polo Resources Share Discussion Threads

[jamesss1] 08/2/2021 11:27

If GCM gets the go ahead then boom polo floats and raises millions for his grubby little hands...then I can get out :)

[russman] 07/2/2021 10:19

Is Tang taking a pay cut.

[russman] 03/2/2021 20:52

Not with Tang as Chairman.

[glavey] 03/2/2021 15:48

Is it likely?

[jamesss1] 03/2/2021 10:13

Can this thing float again if they find a Nomad ?

[russman] 27/1/2021 06:54

Surprised the Statutory Auditor has not resigned by now.

[russman] 27/1/2021 06:42

Wonder when the Annual Report will be published.

[glavey] 14/1/2021 07:18

You may think that I think I know I don't know but actually I know I know so what presents itself to you as a known unknown is more an unknown unknown. That is to say there are things which you think I don't know that are unknown but you are just speculating that I don't know and just think I know and dismissing the possibility that I may know what you consider to be unknown.

Beyond that I propose that you should be addressing the company directly with your suggestion (of a merger) particularly whilst you feel that it is the case that Mr. Tang has only now realised the importance of the GCM listing. I hope you'll share any response you receive from the company (either Polo or GCM).

[legionnaire2] 13/1/2021 14:18

Will the Barapukuria coal be factored into any future deal along with the new power stations?
It pushes the proposal well past the current 572 million tons to well north of 800 million tons...

[888icb] 13/1/2021 09:06

What provision in the takeover code?

[russman] 13/1/2021 09:02

The Takeover Code

[888icb] 13/1/2021 00:28

You may think you know but you don’t actually know because the old Nomad nor the company have given a reason. Your speculation may be correct but it is just speculation.
Now Tang has realised the importance of the GCM listing he may decide to make changes at Polo. However I think my suggestion of a merger of Polo and GCM using the GCM listing would be the best solution for everyone.

[glavey] 12/1/2021 20:29

"...that caused the Nomad issue at both companies we suspect but don’t know for certain..."

Oh, I think we do!

"If GCM can be sorted out to the satisfaction of a new Nomad it should be possible if Tang were so minded to get a new Nomad at Polo...

He's already demonstrated he wasn't. What's changed?

[888icb] 12/1/2021 19:48

Why do you think the Dyani shareholding’s prevent a merger?

[russman] 12/1/2021 19:36

Nice idea but cannot do it with the current Dyani shareholdings.

[alpal2] 12/1/2021 10:56

888: Like your suggestion of GCM doing reverse takeover of Polo as means to re-instate liating.

[888icb] 12/1/2021 10:37

If Tang had had a second company delisted for lack of a Nomad that would have caused even more damage to his commercial reputation. It would also affect the reputation of GCM in its dealings with the Government of Bangladesh and other business partners. Arguably it would strengthen GCM and restore Tang’s reputation if he merged GCM and Polo under GCM’s listing.

[alpal2] 12/1/2021 10:07

Tang resign as chairman? Maybe; but the other directors are just lapdogs doing his bidding. So he would remain as 'shadow' chief executive honcho; and my guess is that the potential Nomads wanted a really independent director / chairman.

[russman] 11/1/2021 20:27

Would Tang also resign as Chairman of Polo.

[888icb] 11/1/2021 17:58

As you know Polo and GCM are essentially controlled by Tang and it was the relationship between the 2 companies,their directors and shareholders that caused the Nomad issue at both companies we suspect but don’t know for certain as we haven’t been told.
If GCM can be sorted out to the satisfaction of a new Nomad it should be possible if Tang were so minded to get a new Nomad at Polo and restore the listing. What about merging Polo and GCM and use GCM’s listing. That has many attractions as Polo is financially strong and it would reduce costs and remove the inter company loan issue.

[glavey] 11/1/2021 16:01

"I think Polo’s Nomad issues were probably related to its dealings with GCM."

They were 'related' to governance, that is the lack of it. (GCM too.)

[jamesss1] 11/1/2021 13:26

Possibly although if that is the case then I think Tang would wait until their is solid developments GCM before relisting, that way the price would possible be more around the levels he bought in at, of course we would issue more shares at those levels.I wouldn't be here then,I want nothing to do with Tang anymore.Disrespecful of his own share holders and is too money orientated.

[888icb] 11/1/2021 09:17

I think Polo’s Nomad issues were probably related to its dealings with GCM. Perhaps now a new Nomad is happy with GCM we could see a relisting of Polo?