Boring, but rules are rules. http://www.asx.com.au/asxpdf/20151009/pdf/431yn06kvhw600.pdf 4.444% $0.010 0.225 0.235 Vol 1,384,999
$ High Grade Success at Matilda
SP and vol's have increased somewhat lately. http://www.asx.com.au/asxpdf/20151007/pdf/431ww493250j07.pdf 2.381% $0.005 0.215 0.225 VOL 2,498,702
I didn't say that it has been squandered? You asked if I thought cash was valued at zero and I said the market does not value cash as much as an asset because it COULD be squandered....
OK, fair points Puk, but is there any evidence that large amounts of cash have been squandered? The recent purchases by POL haven't all been raging successes, but the amounts spent have been relatively small.
At present Polo has a market cap of £11.24m. It has more than this in cash.... The problem with cash is it can be squandered and until it is used to purchase an asset which is going to make a return (laugh) then its value is consered very little. To be honest, if we wound the company up now, sold all the assets and returned those values plus the cash to shareholder then we would be significantly better off than the 3.86 current share price. 24p better off according to the last net asset value communicated. Does this therefore make Polo an attractive investment? It should, but Tang is the problem here. During his tenure he has shown the market and his shareeholders absolutely zero business acumn of any kind whatsoever.
Puks, if cash isn't an asset do you value it at zero?
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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