Investor Soiree Butler Polo Resources POL.L

Polo ResourcesPolo Resources Limited (AIM and TSX: POL) is a globally focused natural resources and mine development investment company. We select, acquire and manage substantial investments in companies and projects with strong value enhancement potential and attractive growth prospects, and utilise this ability to deliver value-adding returns.
Take me straight down to the chat Polo Resources is trading above the moving 50 day average and above the moving 200 day average on below-average volume.
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  • Re: allsorts/bloomberg by SecModEd
    Tue, 04 Aug 2015 06:47:00 GMT

    Bu gger, forgot to say CNBC will be doing a bit more about it "after dark". If any one is in a position to watch By SecModEd
  • Re: allsorts/bloomberg by SecModEd
    Tue, 04 Aug 2015 06:44:00 GMT

    On CNBC this morning. Diggers and Dealers

    Talking about gold mining and price of gold.

    Now l hope l got the right end of the stick, but l did only see part of it and that was with interruptions.

    Said they price their gold in A$, about A$1500oz, at this moment in time
    they have been buffered due to A$ to the $.

    Blk are working on a AISC of 1182A$.

    Gold is still showing a downward trend though.

    By SecModEd
  • Allsorts by SecModEd
    Mon, 03 Aug 2015 06:18:00 GMT

    BLK Presentation

    link

    -3.448% -$0.005 0.135 0.145 vol 245,147
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    CNL

    link
    ----

    link
    By SecModEd
  • Re: $ Broad Shallow Extensions at Iceberg ... by SecModEd
    Thu, 30 Jul 2015 07:21:00 GMT

    Better late then never.

    0.000% $0.000 0.140 0.145 145 127,128 By SecModEd
  • $ Broad Shallow Extensions at Iceberg 2 by SecModEd
    Thu, 30 Jul 2015 05:26:00 GMT

    BLK

    ASX show the $ when the news could affect SP. So l shall also show when it's there. Other news as below don't have $.

    link

    ---
    link

    link By SecModEd
  • Re: InterestIng?? by Orchard Gate
    Wed, 29 Jul 2015 13:16:00 GMT

    When he sees what I've written I'll have one less!

    But I bet when Jimbo walks into his local everyone calls out his name and offers to buy him a drink, he's such a lovely, intelligent warm human being who just happens to love hating other people. By Orchard Gate
  • Re: InterestIng?? by jimbo2076
    Wed, 29 Jul 2015 12:58:00 GMT

    That has got to be a total lie and fabrication. There is no way you have any friends. By jimbo2076
  • Re: InterestIng?? by Orchard Gate
    Wed, 29 Jul 2015 11:53:00 GMT

    I have a friend who publishes a newsletter about gold. He made a completely barking mad film encouraging people to subscribe to his stupid rag in which at huge length he set out a thesis as to why you should buy shares in small gold mining companies because ... wait for it ... because there was a global conspiracy to secretly horde gold and then drive up the price 6 or 8 fold. Central to this conspiracy were the banks which had been secretly buying up massive amounts of gold and storing it, undeclared, in their vaults.

    I asked him what they used to pay for the gold and he said dollars, cash. So I asked how they now make their balance sheets balance and he seemed perplexed. Simple question: if they take one asset which sits on the balance sheet (cash) and swap it for another but which is not shown on the balance sheet, guess what? It no longer balances. He didn't know the answer to that one.

    Since he published this ridiculous drivel, the price of gold has collapsed and he says he has lost almost all his personal wealth.

    Sometimes it's nice to have incredibly stupid friends because they make even a dullard like me look very smart indeed. I can even tie my own shoelaces. By Orchard Gate
  • Re: InterestIng?? by alpal
    Wed, 29 Jul 2015 07:49:00 GMT

    That article is from June 2014. Since then all commodities have been hammered. By alpal
  • Re: New low share price by Orchard Gate
    Tue, 28 Jul 2015 21:48:00 GMT

    Very good point Jimbo but good of also terribly good of you to concede that you have suffered brain damage, as we all suspected. Presumably that's also why you cannot remember why you thought buying shares in Polo (the company with a big hole in its value) was a good idea or why you've not thought to sell them before now.

    Never mind. The nurse will be by shortly to remind you who you are. By Orchard Gate
  • Re: New low share price by jimbo2076
    Tue, 28 Jul 2015 14:25:00 GMT

    How could I possibly remember you dullard? By jimbo2076
  • Re: New low share price by Orchard Gate
    Tue, 28 Jul 2015 11:40:00 GMT

    They stay to kill a zombie you have to destroy the brain. When did you have the procedure Jimbo? By Orchard Gate
  • Re: New low share price by jimbo2076
    Tue, 28 Jul 2015 08:24:00 GMT

    Yes it's a really good show. I think I saw your wife in episode 1. By jimbo2076
  • Re: New low share price by Orchard Gate
    Tue, 28 Jul 2015 08:15:00 GMT

    link By Orchard Gate
  • Diggers and dealers by Masterbaker
    Tue, 04 Aug 2015 06:48:54 GMT

    On CNBC this morning. Diggers and Dealers Talking about gold mining and price of gold. Now l hope l got the right end of the stick, but l did only see part of it and that was with interruptions. Said they price their gold in A$, about A$1500oz, at this moment in time they have been buffered due to A$ to the $. Blk are working on a AISC of 1182A$. Gold is still showing a downward trend though. CNBC will be doing a bit more about it "after dark". If any one is in a position to watch
  • June 2015 Quarterly Activities and by Masterbaker
    Mon, 03 Aug 2015 06:12:43 GMT

    CNL

    link

  • http://www.asx.com.au/asxpdf/201508 by Masterbaker
    Mon, 03 Aug 2015 06:07:06 GMT

    Presentation

    link

    -3.448% -$0.005 0.135 0.145 vol 245,147
  • RE: reply from Polo by Masterbaker
    Sun, 02 Aug 2015 21:08:21 GMT

    Thanks and well done for getting a reply from Polo towers. If others PF's look like mine it's a sorry picture, just about all stocks are showing a big drop. Commodities across the board have fallen Good news if not just for the people of S Leone, there was nil cases of ebola for a week, only one today. Maybe there might be progress made on Nimini, bug bear we know gold is not looking good. Dare l say there's been encouraging news on the GCM bb, but we've heard it all before.
  • lookong for signet by Masterbaker
    Sun, 02 Aug 2015 20:48:53 GMT

    link

    Bigger picture

    link

  • RE: another reply by PuksBack
    Fri, 31 Jul 2015 14:59:48 GMT

    "Please be advised that the dividends received from Signet was below cost and therefore no gain was recorded. " Divis? I am talking about the sale of Signet to Shell. That was a gain that was not distributed to shareholders
  • Fallingknife by bakky
    Fri, 31 Jul 2015 12:33:51 GMT

    hmmm! so what is this large hole and what do you suggest they fill it with? Chewing over investing with a strong sell opinion, hmmm wonder what your motive is? lol..
  • I thought this company by Fallingknife1
    Fri, 31 Jul 2015 11:57:23 GMT

    was in a sweet spot with its investments but it seems there is a large hole in its strategy. Plenty to chew on before I can invest!
  • another reply by bakky
    Fri, 31 Jul 2015 11:53:38 GMT

    Puks, I took the liberty of emailing Polo about your comment regards Signet and blow me down got a reply in 24 hours,, Thank you very much for your email. Please be advised that the dividends received from Signet was below cost and therefore no gain was recorded. Thank you for your support as a shareholder in such trying times for the mining sector.
  • RE: reply from Polo by PuksBack
    Thu, 30 Jul 2015 21:23:37 GMT

    I do disagree with this statement though. "Since then Polo has yet to realise any gains" They gained from the Signet deal and decided not to distribute anything to shareholders. That was a mistake in my opinion and undoubtedly assisted the SP decline.
  • bakky by PuksBack
    Thu, 30 Jul 2015 21:18:11 GMT

    Well I am also astonished that you got a reply !!!! lol
  • puks by bakky
    Thu, 30 Jul 2015 20:07:08 GMT

    bloody hell, there's no pleasing you is there..lol...nothing in that reply that matters imo..
  • RE: reply from Polo by PuksBack
    Thu, 30 Jul 2015 19:20:03 GMT

    Quite frankly, I am astonished at that reply. That contains information not in the public domain such as a consideration to distribute funds to shareholders and subsequent decision no to....
  • reply from Polo by bakky
    Thu, 30 Jul 2015 16:23:01 GMT

    Thank you very much for your email. We can understand your frustrations. As you are no doubt aware, the company is operating under very challenging circumstances with multiple factors at play, ranging from the steep decline in commodity prices, political instability and health epidemic and global currency and stock market fluctuations. Following this, the market valuations of Polo and other mining public companies have suffered significant declines. The Financial Times just reported that the world’s big energy groups have shelved $200 billion of spending in an urgent round of cost cutting following the slump in oil prices. The sell-off in oil has been matched by a broader slump in copper, gold and other raw materials. Gold plunged to the lowest level in more than five years, whilst copper is at its lowest in six years. The Bloomberg Commodities Index is at a six-year low over concerns of weaker Chinese demands and rising supplies across the board. The Board and management of Polo share your concerns. Our Executive Chairman’s investment cost in Polo shares was at a significant premium to the highest price achieved since January 2013. He is therefore extremely exasperated. It is unfortunate that the market is in one of its bear phases, where any news is bearish news. Nevertheless, the management of Polo has been working tirelessly in the current difficult environment and is cautiously optimistic of driving higher valuations for Polo. The Board did consider whether a portion of the funds that are held by Polo ought to be distributed to shareholders. It was felt that this should not be implemented as it would curtail Polo’s future as an investing company. Polo previously distributed substantial dividends following successful exits. Since then, Polo has yet to realise any gain from its current portfolio. Please be assured that the Board will consider this from time to time. Thank you again for contacting the company and for your continued support over the years.
  • RE: $ Broad Shallow Extensions at Ice by Masterbaker
    Thu, 30 Jul 2015 07:24:12 GMT

    Forgot this 0.000% $0.000 0.140 0.145 127,128