From today's 1/2 year report fro BSRT (also junior resource focused). Obv most is company-specific but there was this general comment on the sector: "Equity markets for mining shares have been highly volatile in the first six months of 2014. Investor sentiment towards the mining industry has as ever been cyclical, however the investment team has experienced several bear cycles such as that encountered by the Company in the first four years of its existence. Although it appears that sentiment and therefore mining share ratings have "bottomed out", the timing of an upswing cannot be predicted but given the quality of the Company's assets, we believe that it is well positioned to benefit when markets recover."
Boardroom battle at BLK resolved. http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=BLK Next question, with Gutnick walking away, is whether we'll pick up the rest of Perfectus as he go. I suspect the answer will be yes (and possibly some others at the same time). You'll also note the ASX announcement from the previous day that implies that Nomura have just closed a large short position on BLK. Sorry can't post the text of the ASX announcement, PDF is locked.
Very well thanks leonasdad Faith is a good word. Dattels had a very good reputation and many people (myself) invested in POL for that reason. It was often done behind closed doors, and not everything won, but overall he had a good touch. Dattels is gone but those investments he chose are still ticking over. Getting the initial deal is probably the key step, the rest is patience. To that end, if they are good then POL just needs a caretaker for them. Where Tang has a role is making new investments (celamin sounds dull but BLK is certainly not that) and adding value to a couple of others. GCM is where he has something to do, ditto BLK. If we look at the other investments, with many POL can just sit back and let them run. - Ironstone. Unlisted, seems very well run, will IPO at some point soon and we can choose what to do then. POL has little to do other than wait. - Equus. Small stake, again unlikely to be anything other than passive investment. - Signet - they are the driver of this, again POL hasn't done much except invest and wait, Signet and First Capital have handled the asset sales. Bottom line then is that the portfolio looks to be a selection of things that need very little input (Ironstone, Signet, Equus etc) and won't need much of Tang's time. There is one existing and one new investment that clearly are keeping him occupied (GCM and BLK). I think that's a reasonable balance between being a very active investor alongside a pool of good legacy investments that can largely look after themselves. The medium-term concern for me is whether Tang can do that critical thing Dattels did, which is to find new investments worth getting POL's teeth into. I'm not sure why the listed Celamin is such a good deal, but Blackham does look just the sort of thing Dattels would do, plenty of upside and loads of corporate stuff where POL can make a difference. We shall see. Certainly I'm holding both for the moment as we seen BLK/GCM/Ironstone/Signet mature, but I will certainly be keeping an eye out on the 'what comes next' issue.
hi okenia, Long time no speak. Hope you are keeping well. Back to reality. You have made somewhat repeated references to having larger investment in Pol, and and smaller one in GCm (especially during the 16.25p days). Why have you so much faith in Datells portfolio, one which Tang is required to put minimal effort. I don't wish to mince words with you- but something does not seem right with what you are saying as Datells has bailed out and has enough with sitting on his hands. Why is M Tang active in GCM? Are you retorting to legal stuff? I hope so. Truely good tidings,
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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