The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Any shareholder who may wish to network with others - please see Facebook group POL investors to share comments and info
The articles have been recently restated on the company website
http://poloresources.weblite.com.my/WebLITE/applications/News/uploaded/docs/Polo%20Resources%20Limited%20-%20Memorandum%20and%20Articles%20of%20Association.PDF
The company report for 2020 is well overdue.
Tue, 19th Feb 2008 13:41
AIM19 February 2008 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") COMPANY NAME: Polo Resources Limited COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :Craigmuir Chambers, Road Town, Tortola, British Virgin Islands COUNTRY OF INCORPORATION: British Virgin Islands COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:www.poloresources.com COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTING STRATEGY
The registered office is in the British Virgin Islands so it’s probably a BVI company.
I don’t know where the company is registered - anyone know ? It’s not in UK - no listing at companies house.
Also - any investors want to join a Facebook or WhatsApp group ?
I sent an email to the company's address - but no answer
I see Tang put out an announcement over at GCM as recently as last month.
Does anyone know what’s happening here? Are we expecting to relist? Hibiscus has value so unlike some of my Aim write offs there is shareholder value here
Any chance of getting any results for interim or year end accounts?
Maybe we can make a market for the shares on this site.
Anybody want to buy mine? I have 189,000 shares and am open to offers.
Nope. Good chance never relisted. Why would Tang want that?
Do we think this will be relisted?
This year?
With or without GCM getting the GL?
Thanks in advance.
Does anyone gave an opinion on the value of each of Polo's assets? As commodities might be in another up-cycle I was hoping this might breathe some life into Polo's assets.
Or should I assume a 100% write-off on my investment. All opinions gladly heard.
Nimini Mining is still listed on Polo Resources website as one of their investments with a 90% equity holding. However, Nimini Mining (UK) Limited - company number 0841057 - was dissolved on 5 January 2021. Does anyone know what has become of the Komahun Gold project which was Nimini's mine? Back in 2012 it was said to represent about a third of Polo's assets.
"resisting" should read "relisting"
GCM has had its shares re-admitted on the appointment of a nomad and the SP has rebounded as a result. The appointment only came after a change in the Board and management including a change in the Datuk’s responsibilities. Doesn’t seem that he is interested in resisting POLO in spite of earlier pronouncements, sadly
Gcm have lost Nomad, I wonder what Tang is doing.
Obviously he cares nothing for the long suffering shareholders.
Let's hope he gets his moral act together and returns any money still left to its rightful owners!!!.
... I hope we relist sooner rather than later ...
http://poloresources.weblite.com.my/WebLITE/Applications/news/uploaded/docs/2_11_2020%20Hibiscus%20Petroleum%20-%20Investment%20Update.pdf
With polo de-listed there is little to prevent him from liquidating assets and keeping the proceeds for himself to offset losses in purchasing these companies from Dattles. The cash will probably go to prop up GCM which has been hemorrhaging money for years. The PM of Bang has clearly stated GCM will never be approved and she has 3 years left, GCM doesnt have enough cash to last 3 years. As for the MOU today, its just that "a memorandum" and means sweet FA.
No investment has been made, no money changed hands.
If GCM does ever get the green light to produce a mine then the finance package will drown out all PI's leaving them with 5% of their current holdings or less, if you don't believe me check out how finance worked for GKP or SXX.
GCM share price doubled this morning to 20
The delisting RNS tells us that the Company will advise its shareholders via its website of further developments. Don't hold your breath. I have just checked the website and the "news" item goes up to 31st May 2016
Every time I type relisting it has got changed, third time lucky!!!
Bit of a typo.
It would nice if Tang would make a statement of what's happened and a road map of future intent, but I don't think he's that honourable. GLA.
I don't see how this serves Tang very well.
He's always decided his pay and controlled everything.
Most of the assets are in the form of shares so crazy to bust a viable business.
Let's hope there's a way back or a reasonable offer to shareholders.
TBH, I remained hopeful but am not overly surprised, our Mr Tang has been self serving straight from taking over the reins.
Absolute effing idiots at Polo. How on earth they think this is acceptable is beyond me.
This isn't over but clearly this is a huge setback