And if you really believe that this is just down the the market and a correction is inevitable why isn't anybody investing mortgage amounts in POL and BSRT which would raise the SP of course. Simple answer is it is not inevitable at all and the perception of POL is not good !!! Until we see more decisive measures coming from POL that actually do something for investors making this attractive to investors then we will be going nowhere other than down.
"what should POL have done over the last couple of years that it didn't" Let's start with communication - absolutely terrible. Along with the pathetic official communications, I have personally sent POL investor relations at least 6 emails over the last two years and didn't even get an acknowledgement. I am not alone here They (tang) have clearly been too focused on GCM and taken their eye of the ball completely. And then there is that idiot ST - who has cost a lot of PI's a lot money. Not Polos fault I agree but it's just another part of the current mess. How to get out is this mess? Well let's just decimate the BOD and sit around singing jingle bells waiting for the inevitable market correction. Here is an idea, Why don't we get the GCM BOD with us so we can concentrate even more on err..... GCM?
Past performance will be a mix of the market, and the actions of POL (beta and alpha if you must). The question is how much is ascribable to each. There's no question that the market has been tough for pre-IPO junior resource companies in the last couple of years. You just have to look at the SP of similar investment companies that play in this space. BSRT is well-respected but has been twacked with a bat, way more so than POL as it happens. The market component has to be something individual shareholders take responsibility for - it's your own macro call to be invested in this sector and a few online clicks to get out of it. If however you do want to be here then the question is what investment vehicle to use - CYN, BSRT, PRAE, POL etc etc. Which gets me back to my original question: what does a company like POL actually *do*? And by extension, if we go back a couple of years to the start of this current slide, what should POL have done over the last couple of years that it didn't, and what did it do that it shouldn't?
So you think past performance is acceptable and nothing to do with our BOD and it's just one of those things with the market at the moment? Rubbish - our BOD and particularly Tang have been pathetic. Shareholder value my a**. There is a game plan in play here and you can be sure there is only one beneficiary....
RE: What is happening?
What would you do if you were on the BOD fingerintgewind? Pol is an investment company in a certain sector. You have to decide and make that macro call as to whether you want exposure to this, at this time. Pols job is to choose a portfolio, and manage entry/exit to those positions.
What is happening?
This is terrible management, how can any BOD allow this constant slide of value for shareholders? Dont they have a positive plan to gain interest and some develop something? Taken from their website, I have just checked to find out why I invested in them and it says: Polo Resources Limited (AIM: POL and BSX: 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. The experienced management team that guides our strategic decisions specialises in the identification of under-valued investment opportunities – both listed and unlisted – that are either at an early stage in their operational development or have latent value that has yet to be realised. Investment targets primarily fit into the category of companies with producing assets and/or reserves and resources that have been verified using internationally recognised reporting standards (such as NI 43-101). Well financed, strategically experienced and backed by a core portfolio in the gold, oil & gas, coal, iron ore and phosphate sectors – large-scale investments include Nimini Holdings Limited (90%), Signet Petroleum Limited (42%), Regalis Petroleum Limited (8.32%), Equus Petroleum plc (1.95%), GCM Resources plc (27.8%), Ironstone Resources Limited (15.7%), Blackham Resources Limited (4.2%) and Celamin Holdings NL (12.7%) – Polo Resources is well poised to continue its development, to build upon its recent performance and to make further timely investments in a selection of value-adding natural resource opportunities.
Website:Polo Resources Limited Ord Npv (Di) Website Description: Polaron is a highly innovative technology group of companies ---- Leaders in the design and manufacture of architectural, show and environmental lighting control systems, audio visual, cctv, fire alarms and voice evacuation systems, access control and security systems, transistor dimming, igbt, LED control, fluorescent dimming, variable speed drives, SCADA systems, high current rectifiers, soft starts, power electronics, Developers of 3DAP, Three Dimensional Atom Probe for nanoscale materials analysis
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