Polo Resources Hasn't Had Further Notification Of Interest From Weiss

LONDON (Dow Jones)--Polo Resources Ltd (POL.LN), said Thursday it notes press speculation following the notification that Weiss Asset Management LP that it holds a 10.6% interest in Polo, adding it has received no further notification of interest from Weiss. MAIN FACTS: -Press speculation also alleges that Weiss is seeking the breakup of Polo. -Management and the board of directors of Polo will continue to evaluate strategies to enhance shareholder value and considers that a premature effort to liquidate Polo's coal investments is not in the best interest of shareholders given the potential upside inherent in these investments. -Shares at 1040 GMT up 0.15 pence, or 2.48%, at GBP6.20 pence, valuing the company at GBP145.49 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com (END) Dow Jones Newswires July 29, 2010 06:40 ET (10:40 GMT)