Buy
Sell
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 00:00:00
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 17651 to 17671 of 17775 messages
Chat Pages: 711  710  709  708  707  706  705  704  703  702  701  700  Older
DateSubjectAuthorDiscuss
12/1/2022
18:28
GCM is finished without Polo's (or Dyani) support.
russman
12/1/2022
16:28
He never started, no need to be finished…
longjohnsilver1
11/1/2022
17:59
Well Polo shares are currently worthless.
So any news would be a positive.
Tang is finished in this City.

russman
08/1/2022
09:14
if there might be any value for the future?



Hahahahahahahahahahahahaha

longjohnsilver1
07/1/2022
13:59
Yes, a fella who posts as "Tang" on rare occasions.
glavey
07/1/2022
11:46
Does anyone know of any developments with this company as keen to see if there might be any value for the future?
red army
06/1/2022
10:47
“Polo - the largest shareholder in Hibiscus Petroleum”.
Well that is news to me. Thankyou for the info.

shawzie
05/1/2022
21:53
Is that really all you can remember or have just chosen to remember something that looks bad. If you knew anything about Polo you would know that it’s most valuable holding is being the largest shareholder in Hibiscus Petroleum.
Just to help your memory loss here is the financial summary from the 2020 Polo Interim Report:
Financial Position
The Group recorded an operating loss of USD6,369,000 for the six months to 31 December 2019 (31 December 2018: USD1,555,000). The loss was largely attributable to loss on fair value movement of financial investments of USD5,227,000. As at 20 March 2020, the Group had a net position of cash, receivables and short term investments of USD10.13 million (31 December 2019: USD12.02 million). Listed and unlisted investments at marked to market value, cost and valuation amounted to USD22.33 million (31 December 2019: USD47.14 million). The combined total of cash, receivables, payables, listed and unlisted investments was USD28.61 million as of 20 March 2020 (31 December 2019: USD53.89 million) which is equivalent to a Net Asset value of approximately 7.94 pence per Polo share (31 December 2019: 13.18 pence per share).

888icb
05/1/2022
21:02
888ICB - Polo has valuable assets which would greatly strengthen GCM’s balance sheet and finances.
Can you identify these assets ?
I seem to remember the 2019 accounts for Polo showed “the impairment charge of USD2.45 million against Prism Diversified Ltd (formally Ironstone Resources Ltd) “ etc, etc.

shawzie
05/1/2022
20:00
If we obtained GCM shares in place of our Polo shares that would give you shares in a listed company that you could sell if you wished. Polo has valuable assets which would greatly strengthen GCM’s balance sheet and finances. I have suggested it before and would be a potentially good outcome for Polo shareholders.
888icb
05/1/2022
18:03
How would that effect us poor Polo shareholders?
dbno
05/1/2022
17:59
Polo could reverse into GCM.
GCM is bust without Polo /Dyani providing more capital.
Who else would give Tang more lucre.

russman
22/12/2021
18:48
An extract from the GCM report:
We have remained focussed on delivering returns on shareholder investment through packaging the Project in its best possible form with the key step still being approval from the Bangladesh Government. It is worth reflecting, however, on what actually constitutes the Project. Firstly, and most importantly, the Project's core asset is the proposed Phulbari open-pit coal mine development, which would deliver over 15 Mtpa high quality thermal coal for at least 30 years. Based on the latest, highly energy-efficient Ultra-Supercritical power plant technology, the Phulbari coal mine's full production would support 6,600MW. Secondly, to ensure the mine's economic sustainability, we have put in place arrangements with development partner Power Construction Corporation of China, Ltd. ("PowerChina") to establish a minimum power plant output totalling 4,000MW. This would ensure a reliable market for the bulk of the Phulbari coal and provide time to determine the best market for the remaining production.

During this last Financial Year, we secured a strategic coal mine development partner with the signing of a Framework Agreement on 12 October 2020 with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. ("NFC"). On 6 December 2020, PowerChina agreed to an extension of the original memorandum of understanding ("MoU") established with NFC and PowerChina relating to coal mine development, to allow formal continuing discussions in regards to PowerChina taking a higher level of participation in the Project. This MoU was extended for six months on 6 June 2021 and again extended on 22 November 2021 to run through to 6 December 2022. Also, on 19 January 2021 the Joint Venture Agreements with PowerChina for the initial 4,000MW (two 2,000MW Stages) were extended to 15 March 2022

888icb
22/12/2021
17:25
Tang has got the begging bowl out at GCM.
russman
22/12/2021
05:11
Mettiz Capital Ltd
Penthouse
8 Jalan Abdullah
59000 Kuala Lumpur
Malaysia
T: +60 (0)3 2287 2811

russman
17/12/2021
23:12
Poor cat if its his pets name 🤣
longjohnsilver1
16/12/2021
17:05
Maybe his pets name.
At least dead cats bounce.

russman
15/12/2021
10:37
Game over for this dead cat
longjohnsilver1
14/12/2021
19:43
Dyani or Nydia as Tang calls her.
russman
14/12/2021
08:30
Thank you shawzie. It isn't easy to find recent information on a BVI company. There is no Companies House like in the UK.
My hope lies in someone attending the AGM of GCM Recources, where Tang as CEO should be present. The AGM will normally take place end of February.

bedbel
13/12/2021
20:01
Polo Resources Ltd issued Annual Report 2019.
Polo Resources Ltd, and international coal mining and exploration Group domiciled in the British Virgin Islands, published annual report for the year ended 30 June 2019. According to the consolidated 2019 results, the Group had a loss on ordinary activities which was largely due to provision of a full impairment of USD4.18 million against the recoverability of the outstanding loan from Plinian Guernsey, the impairment charge of USD2.45 million against Prism Diversified Ltd (formally Ironstone Resources Ltd) and the impairment reversal of USD2.4 million against the carrying value of GCM Resources Plc. The administrative expenditure of the Group was USD2.26 million compared to USD2.29 million in the previous financial year.

Basic loss per share for the year ended 30 June 2019 was USD1.34 cents, as compared to USD2.44 cents in financial year 2018.

As at 13 December 2019, the BVI Group had a net position of cash, receivables and short term investments of USD11.97 million, as compared to USD11.71 million as at 30 June 2019.

This entry was posted in BVI company annual financial results, BVI company holdings, Financial results of BVI Company Holdings on January 4, 2020 by admin.

shawzie
Chat Pages: 711  710  709  708  707  706  705  704  703  702  701  700  Older
Your Recent History
LSE
POL
Polo Resou..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20230202 18:04:32