Member Info for herb6345789

I'm being cautious about buying more POL at 8p or above, because if the GCM rise retraces over the next few weeks because of no further news, POL could come down a penny or two with it. Just my HO.

You're right that the risk is much less if you put your profit into POL rather than leave it in WTI, but then POL owns only 5.2% of WTI so at present its stake is worth about 1.5 hundredths of a penny per share, or if you prefer 0.0015p.If WTI's sp goes up ten times that will - in theory - add about 1.5p to POL : that's about £5m divided by about 311m shares. The POL's GCM stake is worth much more. Then again, POL isn't risk free. There's no guarantee that GCM will get the go ahead and it has nothing else-except debt. There's a risk that Tang will lend GCM some of POL's cash too. I have no position in WTI myself.

According to POL's March 2016 statement POL has 5.2% of Weatherly. It's market cap is 8.49m so it's worth £441, 480 to Polo.So the POL sp includes 0.0014 pence for WTI. Even if WTI doubles it will be of marginal or of almost no importance except perhaps as a confidence booster.

KBE decided not to take their claim for compensation to court. That's in the RNS. So why do you think they will get any compensation?

Not long to go before it goes bust?

http://www.thetimes.co.uk/edition/business/rising-coal-price-boosts-mining-companies-ltsvqzw7q

The registered owner of shares held for the benefit of another person (the beneficial owner). The beneficial owner may choose to appoint a nominee because it does not wish to have the shares registered in its own name, or it may be required to appoint a nominee. A nominee shareholder may be an individual or a body corporate. Brokers adopt the practice of creating a company to act as a nominee shareholder to ease the administration of buying and selling holdings on behalf of their clients.http://uk.practicallaw.com/5-200-1397

Fong Bin YONG a Malaysian national- any connection there by any remote chance? I'm referring to Armstrong Investments.

I'm very interested in the facts which lie behind your assertion that good things are coming for this share. Can you refer us to any rational and specific reasons that this share should increase in price? So far all of your assertions have unfortunately missed out this vital information. Is there something that I have missed in the books?

6.6p will look very low next year when they're 14p.

Is there anything particular in KBE's accounts you can point to that supports your claim?

I increased my POL holding by 25% today. I don't know why it''s not higher but I think it will be some time soon.

"These two shares equate to the current market cap of Polo without giving any value to the other 7 investments." and the value of the cash???

The last RNS said that Kimberly had accepted the termination of the MR lease. So they haven't got that any more . They are not taking legal action, are they? So again I ask: news of what?

News of what?

GCM has been existing on a loan facility and is losing about £1M a year. Directors' fees are about 700k a year. When the loan runs out - what then? From last GCM update: "During the previous financial year the Company secured a £3m convertible loan facility to be drawn down upon as required, in order to provide sufficient funding for the foreseeable future. As at 29 March 2016 the Company had utilised £510,000 of the facility. As the current share price is well below the agreed loan-to-share conversion price of 11 pence per share, the Company has experienced difficulties in drawing down further funds in accordance with its rights under the agreement. GCM is in discussions with the counterparty to resolve the issue and is at the same time seeking alternative funding arrangements which would relieve the Company from dependence on the convertible loan facility. As discussed in Note 1 this represents a material risk that may cast significant doubt over the Company's ability to continue as a going concern." I think legal fees are the least of GCM's issues.

Legal options in the Bangladesh courts? GCM will run out of money before that achieves anything.This was a cheap bet for holders of POL and we've lost- maybe about 0.6p - 1p off the POL sp. In the long term it's not that significant.

but it doesn't say never a better time to buy an Australian gold mine...

Quite a significant drop for no apparent reason. Blackham is actually up a bit and as you say, hardly any sold. Maybe a good time to top up if you can? NAV is estimated to be about 20p , POL has cash-no debts, so what's not to like ?

Price of gold down only slightly today, so is this an opportunity to top up?