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POL Polo Resources Limited

1.57
0.00 (0.0%)
30 Nov 2023 - Closed
Delayed by 15 minutes
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 Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Polo Resources Share Discussion Threads

Showing 17676 to 17699 of 17800 messages
Chat Pages: 712  711  710  709  708  707  706  705  704  703  702  701  Older
DateSubjectAuthorDiscuss
04/2/2022
19:31
01 Feb 2022


Polo Resources mentioned as a substantial holder of PHOSCO LTD ASX:PHO (was Celamin)

page 40 (pdf page 42)






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p.s. Polo's investment in Hibiscus now valued at $26,751,648





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p.p.s.


Prism making progress;

"With a strong development history behind it, PRISM will be entering its commercialization stage of development in 2022 with preliminary economic assessments and feasibility studies planned for atomized and carbonyl iron powders and electric metals (vanadium and lithium), with production operations anticipated for in 2024."

============================================================================


2021 Asia's Most Influential"


"Lawyer turned investor Michael Tang helms Mettiz, a successful investment firm with diverse interests

Profile

Datuk Michael Tang is the principal and founder of Mettiz Capital Ltd, a private-equity and alternative-investment firm with interests in natural resources, power generation, manufacturing, real estate, healthcare and technology.

A lawyer by training, Tang was a partner at one of the oldest and largest law firms in Malaysia before venturing into investment business. Through Mettiz, Tang is a major shareholder of Polo Resources Limited, which invests in natural resources globally and across sectors in Asia Pacific, as well as GCM Resources, a London-based resource exploration and development company. He also sits on the board of Tropicana Corporation Berhad, and in 2021, was elected as the treasurer of the Badminton Association of Malaysia.

fordtin
01/2/2022
22:25
People won’t get anything

More than one year delisted and cashing dividends from their investments with shareholders money

longjohnsilver1
31/1/2022
19:14
Polo have given GCM another 3 months.
P.S You do not have to file your accounts in the public domain in BVI.

russman
30/1/2022
12:46
I don't think you can get a copy of the latest filed company results from this source.
If they are already filed.

bedbel
30/1/2022
11:17
I haven't submitted the search form yet, but support@bvifsc.vg sent me the following reply;


"BVI FSC Support (BVI Financial Services Commission)


In order to receive information on any company registered in the BVI, you must submit a search request form which includes all the instructions and applicable fees. It can be found by clicking on this hyperlink Search form"



"The company search also provides the following information; company name, company number, registration type, registration date, company status, status date, registered agent/office and the authorized shares as well as a list of all transactions filed with the Registry.


BVI Financial Services Commission"

fordtin
30/1/2022
10:35
Hello Fordtin,

Good research! We know there's still a lot of value in Polo shares but the question is : will it ever come back to the shareholders?
How can we prevent Tang from not transfer assets from the BVI company to other companies? Or dilute our intrests, etc.
The first thing he could do to restore some faith is communicating with (certificated) shareholders! The silence since a year now is not giving confidence. At least he keeps the website online (for now anyway)but you never get an answer from the contact emailadress. And official company information from a BVI company is almost impossible to obtain.

bedbel
30/1/2022
10:31
So, what can we do?
scoots
30/1/2022
10:18
29 October 2021 Hibiscus Petroleum Berhad_Annual Report 2021_Part 2

" We have reported a Profit After Taxation (PAT) of RM103.7 million, and our EBITDA has remained strong at RM380.8 million. In addition, during FY2021, the Group declared a maiden single-tier interim dividend of 0.50 sen per ordinary share, and an aggregate sum of RM9.9 million was paid to shareholders on 8 April 2021.

The Board of Directors of the Company has also proposed a final single-tier dividend of 1.0 sen per ordinary share. A resolution in respect of this proposal will be tabled for the consideration and approval of our shareholders at the Annual General Meeting (AGM) of the Company to be held on 14 December 2021.

We hope that post completion of the acquisition of the Repsol assets, and subject to a strong crude oil price environment, the Group will be able to further reward loyal shareholders in the future"



Hibiscus 2021 dividends payable to Polo Resources = ~£371,000

Current value of Polo's Hibiscus Petroleum shares = ~£23,496,700

fordtin
30/1/2022
10:18
Dispite Polo management's refusal to communicate with their shareholders, Polo are still recognised as a substantial shareholder by Hibiscus Petroleum.




 
 
 
 
 
 
 




Hibiscus Petroleum - Substantial Shareholders as per Register of Substantial Shareholders as at 30 September 2021
 
 
 
 
 
 
 


 
 
 
 
 
 
 
 


No.
Name
Direct No. of Ordinary Shares
%
Indirect No. of Ordinary Shares
%
Notes
 


 
 
 
 
 
 
 
 


1
Hibiscus Upstream Sdn Bhd
108,772,600
5.42
-
-
 
 


2
Dr Kenneth Gerard Pereira
69,885,000
3.48
108,772,600
5.42
1
 


3
Polo Investments Limited
138,900,000
6.92
-
-
 
 


4
YBhg Datuk Michael Tang Vee Mun
-
-
183,566,666
9.15
2
 


5
Mettiz Capital Limited
-
-
138,900,000
6.92
3
 


6
Polo Resources Limited
-
-
138,900,000
6.92
3
 


 
 
 
 
 
 
 
 


Notes:
 
 
 
 
 
 
 


 
 
 
 
 
 
 
 


1
Deemed interest by virtue of his interest in Hibiscus Upstream Sdn Bhd pursuant to Section 8 of the Companies Act 2016 (the Act).
 
 
 
 
 
 


2
Deemed interest by virtue of his interest in Polo Investments Limited and Mettiz Capital Sdn Bhd pursuant to Section 8 of the Act.
 
 
 
 
 
 


3
Deemed interest by virtue of their interest in Polo Investments Limited pursuant to Section 8 of the Ac
 
 
 
 
 
 


 
 
 
 
 
 
 
 


hTTps://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=212082&name=EA_DS_ATTACHMENTS
 
 
 
 
 
 
 


 
 
 
 
 
 
 









LIST OF TOP 30 SHAREHOLDERS AS AT 30 SEPTEMBER 2021












No.
Name
No. of Shares
% of Total Shareholdings








1
CIMSEC Nominees (Asing) Sdn Bhd CIMB for Polo Investments Limited (PB)
138,900,000
6.92

fordtin
25/1/2022
10:41
Only believers still believe in this


Massive dilution to come

longjohnsilver1
25/1/2022
06:39
GCM said it would raise further capital by end of Jan 22. Tang Time.
russman
19/1/2022
20:34
More than one year that this is finished…
longjohnsilver1
19/1/2022
19:24
if GCM does not refinance the Polo loan by relisting, we are finished.
russman
19/1/2022
12:05
re: "GOB do not want coal." My view is that GOB do not want GCM to benefit from the coal and are prepared to let the populace suffer electricity shortages. I think that if GCM walk away, very quickly there will be new 'owners' who will then benefit from the utilisation of the resource.
I did think Tang did the right thing by bringing in the chinese but that doesn't seem to have worked despite the extension on MOU.
My most optimistic scenario is that GCM does get go-ahead for coal power station financed by China. On the back of this, GCM does reverse takeover of Polo. I can dream, can't I?

alpal2
18/1/2022
18:16
Tang has no choice; he has to reverse Polo into GCM.
russman
17/1/2022
16:42
It won’t be long before delisting
longjohnsilver1
16/1/2022
17:11
The listing is their only useful asset.
russman
12/1/2022
19:21
GOB do not want coal


Otherwise They would have approved it long time ago

longjohnsilver1
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
Chat Pages: 712  711  710  709  708  707  706  705  704  703  702  701  Older

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