Caledon10 Aug 2009 10:30
Took a 4k punt on these this morning, further to some wider research i've been doing into POLO (which i have also invested 5k). To be honest POLO is probably one of the best plays to get exposure to this if your worried about limiting your downside, but on the flipside to that, you wil also be limiting upside potential aswell. Caledon has shrugged off any definitive deal being on the table, which I suppose is good for all of us investors who are now holding, because this lack of certainty has surely been priced into SP, leaving less downside risk. If the deal does not materialise, there will undoubtedly be a dip, but I do have faith in Stephen Dattells (of POLO) judgement, on his placing, amounting to 26% of CDN @ 90 odd pence per shares. He knows his mining, and i'm sure he will be looking to get what he see's as fair value on his investment. GL everyone!