(POL) Polo Resources

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11-06-13	6.5% drop	mc7y


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with only 300k shares traded on the day. ??? More View thread 1 Respond Login to Vote up
11-06-13	Michael Tang's First Month	ICB888


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On Friday it will be one month since Mr Tang arrived as Polo's largest shareholder and new Co Chairman with much fanfare. Clearly we should not expect miracles in such a short space of time. However it must be a little disappointing for him to have paid 40p a share to see the sp rise briefly in to the high 20's only to fall away such that if he was to sell in the market tomorrow he would lose half his money! We know we are due 2 updates on Nimini during June so let's hope we see some good news in the second half of June and the sp starts to head North. There is so much potential here in gold oil and coal so over to you Mr Tang to get the sp to properly reflect the NAV and the future potential. More View thread 1 Respond Login to Vote up
30-05-13	Ironstone	ayiman	1


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Thanks for posting this Spight, an interesting development ayi More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
30-05-13	23	andyb28m


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Will it hold? I hope so. More View thread 1 Respond Login to Vote up
29-05-13	Ironstone Resources	Spight	11


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Hi Maureen: David passed along your recent email regarding Ironstone's activities, which I hope I can answer for you. Our goal over these past two years was to develop our iron-making process in conjunction with Hatch engineering in Toronto - a global process development company (http://www.hatch.ca) Our important pilot tests at Hazen Research was completed in late November 2012, and we are currently analyzing the results and achievements. I can report that the results were better than expected, so much so that Hatch presented the findings publicly at 2 large international mining and steel conferences. Our next objective is to complete some additional analytical work this summer leading to Ironstone obtaining its PEA or preliminary economic assessment or PEA. This document, to be prepared by SRK Consulting in conjunction with Hatch, will apply independent economics to the project. We expect delivery of the PEA by Q4 this year. The PEA is an important linchpin in either taking Ironstone public or more importantly attract in a joint venture partner. Either event will provide our shareholders a short-term liquidity event. We are currently doing many roadshows to continue to raise private equity to fund our next few important milestones, including the PEA and the next major pilot test in Pennsylvania in Q1 2014. Our hope is to secure the funding (approximately $5m) in the next 60 days in support of these pending activities. I trust you are receiving our quarterly shareholder newsletter (if not please provide us a recent mailing address). Our web site was recently refreshed too, and may provide you additional information (http://www.ironstoneresources.com). If there is anything else I can answer for you, please do not hesitate to contact me at your convenience. Regards; Barry Caplan President & CEO Ironstone Resources Ltd. 200, 6125 - 11th Street SE Calgary, Alberta T2H 2L6 T: (403) 640-7977 C: (403) 966-5511 F: (403) 640-3646 skype: barryrcaplan barry@ironstoneresources.com www.ironstoneresources.com More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
29-05-13	Buy Going Up	emperor of wyoming


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See purchase of 1,765,000 shares recorded just before the close More View thread 1 Respond Login to Vote up
29-05-13	Re: Assessing Nimini	highlife2


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Checkout Amara Mining & African Minerals all operating in the same country but i expect Polo will continue to drill the hell out of it for the next few years to prove up reserves etc . Also would it be open pit or tunnel ,higher costs etc but i think it will be sold long before it gets to digging the stuff up for real. But great results from the drill . GLA More View thread 2 Respond Login to Vote up
29-05-13	Assessing Nimini	alpal


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Is anyone here able to assess what the drill results mean in terms of recoverable gold? I understand that because of the geological structure of the ore in Ghana and Sierra Leone the recovery rates are much mower than elsewhere in the world. Can any geologist comment on actual recovery rates from gold mines in Ghana and, consequently, the likely position at Komahun? More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
29-05-13	Alecto and Centamin do deal	Citygiraffe


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Anyone got any views on Alecto, doing a deal with Centamin to advance Ethipian assets? More View thread 1 Respond Login to Vote up
28-05-13	Re:	Spight	1


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Thanks to THORPEMATT 28 May'13 - 20:39 - 9253 of 9253 0 0 More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
28-05-13	No Subject	Spight	4


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Polo Resources (LON:POL) has revealed more encouraging drilling results from its Nimini-Komahun gold property in Sierra Leone. The group also confirmed it will publish an updated resource estimate by the end of next month, while a preliminary economic assessment for the project is expected to have been compiled by the same date. Polo unveiled the results of 33 holes from the 2013 drilling programme, which focused on strike extensions of the Komahun deposit – both to the north-west and south-east. The most eye-catching result was a 2.06-metre section grading 24.6 grams per tonne of gold recorded from 680 metres. After that, the grades ranged from almost 13 grams per tonne of the precious metal over 1.63 metres down to 4.29 grams over 3.5 metres. Polo managing director Michael Tang said: "These drilling results continue to be most encouraging and we look forward to the updated mineral resource estimate scheduled for publication in June." Currently, the Nimini-Komahun project has an indicated and inferred resource of 784,000 ounces of gold. Polo has a 90% stake in Nimini Holdings, the owner of the Sierra Leone project. It is one of a number of interests that span oil, gas, coal and iron ore. City broker SP Angel reckons Polo’s assets are effectively up for sale following the recent changes to the management team and share register. Analyst John Meyer expects gains will be made in short order, and he says Polo will realise more value than what’s currently priced into its market cap. Focussing on today’s project update for the Komahun deposit will support the anticipated upgrade in mineral resources, which will in turn be used for a prefeasibility study. He also highlights that development work could follow thereafter, as a mining licence is already in place. More View thread 2 Respond Login to Vote up
28-05-13	Re: Nimini Website Looks Good	JM2009


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The website is well worth a look. In particular, their version of today's update has more information and contains a very useful drilling map which I find a lot more informative than a long string of numbers. More View thread 2 Respond Login to Vote up
28-05-13	Re: FABULOUS NEWS!!	icebear


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ah sorry ignore my above s the rns wasa truncated and i hadnt got the figures..................still some rich seams 34g/t amazing, but narrow seams. any miners out there know if these technically viable to get at. if you look at other gold companys, all are 4-8g/t but much thicker seams............. More View thread 5 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
28-05-13	Nimini Website Looks Good	bothamtrader	3


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Just noticed Nimini has a website, looks very very good http://www.niminigold.com More View thread 2 Respond Login to Vote up
28-05-13	Buy Amazing RNS...	appw9


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This is an excellent, excellent RNS. I don't understand for a minute why the response is so muted. The numbers are extraordinary. Is it facetious to suggest that maybe the MM just don't understand the numbers? I'm taking full advantage. One day, someone who understands the numbers will wake up and realise that this is really very good news. All IMHO. More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
28-05-13	Re: Some people may find this intresting	Wordbodger


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SME, for me the interesting thing is this: "Shell plans to deploy a newly refurbished rig to begin drilling for the first time in deep water off the coast of Benin and Gabon, as well as off South Africa's northwestern coast next year". Shell were rumoured to be interested in drilling the Oranje basin offshore southern Namibia/northwestern SA looking for oil. They used to be interested in the Kudu gas field which is stranded and they dumped it, but oil would be a different matter. As to East Africa, I'm not convinced Shell are walking away. Maybe tactical? Not sure how it affects Signet, which will be looking towards BG anyway. More View thread 2 Respond Login to Vote up
28-05-13	Try again	SecModEd


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http://www.morningstar.com/advisor/t/75428706/shell-backs-away-from-east-africa-gas.htm More View thread 1 Respond Login to Vote up
28-05-13	Some people may find this intresting	SecModEd	1


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http://www.morningstar.com/advisor/t/75428706/shell-backs-away-from-east-africa-gas.htm More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
28-05-13	Re: FABULOUS NEWS!!	icebear


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It's a pretty bland statement and doesn't say much really. We drilled some holes and they're a bit encouraging. We,re not saying any more at moment. Err. That's it More View thread 5 Respond Login to Vote up
28-05-13	Re: FABULOUS NEWS!!	shugg1e


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I must have missed something as the price is down on the day so far and volume is weak at 173k More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
28-05-13	Hold Re: FABULOUS NEWS!!	Taddish	1


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I'm waiting for the new boy on the block to make his first strategic move. That will wake the market up to POL. Tad More View thread 5 Respond Login to Vote up
28-05-13	Buy FABULOUS NEWS!!	movin on up


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A great RNS this morning, and buying pressure increasing. Would not be surprised to see a big rise once the mm's take the brakes off later today More View thread 5 Respond Login to Vote up
28-05-13	Re: What are people waiting for	andyb28m


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Well the direction of the SP was looking pretty favourable for long term holders of late. I trust that it will be looking even more favourable once business starts today. More View thread 3 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
28-05-13	Buy Re: What are people waiting for	Spight	2


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A VERY GOOD MORNING ICB888 IT GIVES US TIME TO BUY MORE AT THESE SILLY PRICES. I LOVE A BARGAIN.:O) More View thread 3 Respond Login to Vote up
28-05-13	yehaaaaaaaaaaaaaaaaa	Spight


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http://uk.advfn.com/news/UKREG/2013/article/57738188 A very very good morning all. More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
27-05-13	What are people waiting for	ICB888	5


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Just a couple of weeks ago Michael Tang paid 40p per share for 11% of Polo which was a 65% premium to the sp at the time and also 5p per share above the NAV of 35p. The sp rose to 27p but has now dropped back to 24p. I have to wonder why people are not buying this share and closing the gap on 40p. Michael Tang must really believe in the future prospects of Polo to invest at such a premium and it is very surprising that the market has not reacted with some serious buying. Maybe the 500000 trade reported on Friday is the start. If you pay 40p you expect the shares to be worth a lot more than that so I am expecting a triple bagger from todays price at least which could be achieved by GCM , Nimini or Signet. Just imagine if they all came good! But I would be happy with 30p by Friday as a start. More View thread 3 Respond Login to Vote up
24-05-13	Buy 500,000 BUY	robjobscotland


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from wednesday 100% a buy nice one More View thread 1 Respond Login to Vote up
23-05-13	Re: Odd	Wordbodger	4


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£200 million for Signet always looked like a wild punt. I would be ecstatic with half of that, which would represent a decent profit on the various Signet injections. Not many IPOs of junior oil companies raise nine figures in pounds. £200 million was an unattributed quote by an unnamed broker and a number of things need to be remembered. We haven't seen the 3D on Mnazi Bay which might support a decent IPO, if Jodari or Chaza do clearly extend into Hydrotanz' acreage. (I doubt the broker with that opinion has seen the 3D either, but perhaps he has ....) Also, regarding Namibia: HRT's announcement, of drilling success concerns results of the first drill of a three-drill campaign starting in Walvis Bay, four hundred miles north of Signet acreage, The IPO will surely wait for the Oranje Basin drill (the third drill scheduled by HRT) even though Signet is not directly involved in the campaign. Success at Walvis Bay means the rig will be delayed and there won't be results from Oranje Basin for months. On the face of it we shouldn't expect an IPO for months, unless they are ready to prematurely disclose confidential seismic leads to the public. But with SD ... So it it interesting that an astute investor has been prepared to pay 40 pence a Polo share to get in early. The remark about trebling Polo's sp if there is a successful IPO in Hong Kong is just about consistent with the $200 million valuation because it would raise Signet from a holding-value of £28 million (Spight, . 15/05) to £96 million. A £68 million uplift is equal to present Market Value so the sp should at least double. I have no doubts at all about the value implicit in Nimini, that could be another £50-£100 million in the right market. Finally, I am mystified by the GCM angle. Michael Tang seems to want a strategic holding in GCM ahead of clearing the political obstacles but why not deal as an outsider directly with Polo for their 30%? Why not sound out what Polo wanted, and bid that to the market? More View thread 11 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
23-05-13	Re: Dattels 3.92% of Polo	nahkit


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Thats the Regent Mercantile Holdings figure you are quoting, according to Natwest Stockbrokers, SD also holds shares in his own right. More View thread 2 Respond Login to Vote up
23-05-13	Re: Odd	nahkit


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I'm basing it on what Natwest Stockbrokers say: Major Shareholders Shareholder Amount % Holding Steve Dattels (dup) - 42,318,368 15.70 Michael Tang Vee Mun Tang (dup A) - 39,218,775 14.55 Mettiz Capital Ltd (dup A) - 31,738,775 11.77 Ingalls & Snyder LLC - 11,843,995 4.39 Neil Lindsey Herbert - 11,338,562 4.21 Regent Mercantile Holdings Ltd (dup) - 10,759,592 3.99 As the amount shown for Regent Mercantile is up to date, I'm assuming the rest is accurate also. That comes to 19.69%, I said "almost 20%". I can only go by the figures they have published. More View thread 11 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
22-05-13	Dattels 3.92% of Polo	Spight	2


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10.759,592 shares More View thread 2 Respond Login to Vote up
22-05-13	Re: Odd	dreamerr


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I'd be interested to know how you calculate that SD still owns 20% of the company. More View thread 11 Respond Login to Vote up
22-05-13	Re: Odd	andyb28m


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Whoops me and my big mouth More View thread 11 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
22-05-13	Re: Odd	andyb28m


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I doubt if he would let the company be bought out for a pittance. Totally agree. I see the recent purchase as being "allowed" to go thru as it is a good deal for both parties. In the longer term the 40P will be a snip. We just need to sit tight. For those that trade (I rarely do as my timing is invariably rubbish), it would appear that the SP is beginning to follow a fairly simple pattern. I trust that we will be above 27 shortly before any pull back again. I am holding and trying to accumulate. More View thread 11 Respond Login to Vote up
22-05-13	Re: Odd	nahkit	1


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Stephen Dattels still holds almost 20% of the company which at todays price is worth just over 12m, I doubt if he would let the company be bought out for a pittance. More View thread 11 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
22-05-13	Re: Odd	Betamax man


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"....the thing I would probably watch is he trying to gain control and then offer the minority shareholders a stupid price to sell ! Not sure he can do that...." =================================================================== It's pretty much EXACTLY what happened at European Nickel. Long term holders there were ultimately forced to sell some way below what should have been fair value. Was very frustrating, leaving the feeling that your shares were basically being stolen ! More View thread 11 Respond Login to Vote up
21-05-13	Buy Re: Odd	andyb28m


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Hi OC. Commiserations on your position for now. I actually think the situation will resolve itself pretty smartish. I am adding considerably to my long-standing position here. I have always appreciated with Polo that from time to time ordinary private guys like me get a pretty nice pay-out along the way. I think that what we have developing here is at least as good as that as I think the recent RNS' suggest that there are going to be some pretty hefty unlocking of value in the forseeable future. I am trusting that we will be moving North again and our next low will be some way above the 23 level. Today's action tends to suggest this, although it is a bit early to be sure. Best wishes. More View thread 11 Respond Login to Vote up
21-05-13	Re: Odd	dreamerr


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Is it possible that Signet is not worth anything like £200 million? Why else would Dattels sell for "only" 40p if he thought the sp could treble on Signet news? Surely, all he'd need to do would be to wait.. More View thread 11 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
21-05-13	Re: Signet Petroleum	Leicesterboy


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MC £63 million I would say Polo grossly undervalued on a NAV basis ! Tang could make a bid for the rest of Polo LB More View thread 2 Respond Login to Vote up
21-05-13	Re: Odd	Leicesterboy


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I have no shares in Polo at ATM but its a solid company with solid assets, why would Tang pay 40p a Share for Dattels shares unless he thought it was a good investment, the thing I would probably watch is he trying to gain control and then offer the minority shareholders a stupid price to sell ! Not sure he can do that, but that would be the only reason I can see for Tang to pay over the SP if he thought Polo was overvalued, He bought Dattels shares to avoid any problems in purchasing them in the Market, as if he started buying those shares piecemeal then the Market would react and he could end up paying more than 40 pence ! LB More View thread 11 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
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