Member Info for Jonah58

Good spot.

Good spot, MB. Celamin issuing billions of virtually worthless shares to pusue an international arbitration that is already in their favour. It seems they are also interested in gold and zinc in Tunisia. Suckers for punishment, I reckon. The interesting thing is that Polo has participated in the placement. It seems Tang is keeping the faith with Celamin, for reasons that are not clear to this humble investor.

GCM, in which Polo have a substantial stake, holds the mining right to a huge coal resource in Bangladesh which has been the subject of prolonged and often bitter negotiations re development. If the government of Bangladesh, who have admitted that they need coal fired power stations, give the green light to exploit this resource then we would expect a quantum increase in the sp.....but don't hold your breath, this story started in the carboniferous period!

Some time since I did physics but I think upward momentum= more potential energy.

Good point, MB, but the reverse is also true. When GCM rocketed, Polo followed slugishly, or hardly at all. I accept that a lot of eggs are in the Hib basket now.

Thanks Herb, but the link you posted is the one I referred to. That is, up to November 20th. There should have been another announcement.

Am I being dense here, or was the voluntary suspesion of trading in Blackham not requested until Monday 20th November. If so, why no further announcement?

As MB says, lets hope Poloark has no role to play. However, many thanks for setting it up. It is dead easy to register. Just go to http://poloark.proboards.com/ click on register and provide a username and password (I used the same as on here). Done. Anyone who holds shares in Polo should consider registering. Definitely.

Hopefully not. There is a time limit on a 'trading halt', and if that time limit is exceeded a suspension is unavoidable. See the following helpful reply by someone called Muzza. You might find this from ASX website interesting reference material. http://www.asx.com.au/ListingRules/guidance/gn16_trading_halts.pdf Trading halts are normally given for up to 48 hours. http://www.asx.com.au/investor/education/basics/trading_halts.htm If the company can not release the announcement in that timeframe the ASX will place the company into suspension, until such time that the company can make the announcement to the market. A good example recently was GDN. See 27/4/07 GDN asks for Trading halt pending announcement. Prior to market open on 1/5/07 ASX places GDN into suspension (at request of company). 3/5/07 Reinstatement to Official Quotation

Doji, are you suggesting that Tang may be looking to 'relist' Polo on BursaMalaysia?

I note that GCM have have appointed Northland as Nomad subject to due diligence. AIM have given them until early December to do this. I suspect something similar is due here.

I accept you point, Sharereaction. What I found odd was that, at the time of posting, GCM had just registered two days with decent gains whilst Polo had gone in the opposite direction. Both are in the same position with the Nomad so why the movement in different directions? Perhaps there was a bit of P&D over on GCM and now that Nomad jitters have set in over there too I am less puzzled.

All very salutary, I agree, but I do find the divergence between the Sp behaviour here and on GCM odd, and curiously counter-intuitive.

I agree that reassurance would be nice. I did not post the letter to spread dismay. In fact I believe that a nomad will be appointed very soon (and don't forget the month's 'grace'). There does not seem to be much concern over on GCM today! It's also worth pointing out that some of the more violent swings in Sp here are exaggerated by a wide spread with the Sp often quoted at the bottom end. After the bell it settles down a bit. I'm fairly relaxed about the situation, (at the moment!)

hi mcco, I'll copy and paste the letter i got from HL. It would be nice to think this is responsible for the price action today, though I note that the same response is conspicuously lacking over on GCM. Dear xxxxx, What is happening? In order to maintain a listing on the Alternative Investment Market (AIM) all companies are required to have an approved Nominated Adviser (Nomad). The Nomad for Polo Resources Ltd, ZAI Corporate Finance Limited, has been notified that it is having its NOMAD status revoked as of 19 October 2017. The Company is actively seeking an alternative Nomad and is expected to update the market shortly. Such an announcement will be available on the Company Announcements section of the Polo Resources Ltd Share Research page at www.hl.co.uk. If a replacement Nomad has not been appointed by 19 October 2017 then it is expected that trading in the Company�s Shares will be suspended from trading on AIM at 7am on Thursday 19 October 2017. Should the Company thereafter fail to appoint a replacement Nomad within one month of such suspension, the listing of the Company�s Shares on AIM would be cancelled. Please note that if the listing is cancelled you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell at any price. Other Information and warnings If you hold these Shares in an ISA and the listing on AIM is cancelled then this could affect your ability to continue to hold the Shares within an ISA. Only Companies whose Shares trade on a �Recognised Stock Exchange� are eligible to be held within an ISA. there's a bit more after this of lesser import. J58

Nice one. For a cost of about �4/oz they have inreased the indicated reserve of gold at North Willuna by 103% (approx 310,000 oz. The word 'indicated' implying a reasonable level of confidence in the estimate.

Opens ok in Firefox. 116 pages encrusted with stamps and signatures. No 'potted' highlights for lazy people like me. As you say, well received.

Thanks for posting this. WTI may yet crumble, but does not account for much. Ironstone (of your write offs) is still of interest. I agree with your other assumptions, but am not sure where the estimate of liabilities comes from. GCM is the huge question mark. Some while ago now there was a resolution that we could invest outside the mining/og sector. I still wonder whether they had anything specific in mind. Any straws in the wind?

Kilkenny Malta grabbing more, it seems. Valetta must be running out of coal.

https://opencorporates.com/companies/mt/C76949 Not the most informative link. I never seem to be able to track down directors names etc which might be interesting.