Member Info for Jonah58

Good on you. Will miss your timely posts with clever titles. Here's to your improving health and prosperity. Have fun. J58

You have a point, but it seems unlikely to me that pumping on this board is going to lift the sp sinificantly or for any length of time. I would prefer them to be pumping at Tschudi. I genuinely believe that this sleeping giant is gradually waking and tend not to fret about day to day sp fluctuations. btw, are a bit happier about wsg now?

Agreed. WHope the p&d gang go toTschudi. They could help with the water.

well done. Where is elsewhere?

ST. I sincerely hope you do well with wti. The point I was making was not really my own investment decision which is of little interest to anyone else, but rather the thinking behind it, namely " I have made a tidy profit on wti (a Pol company) and I am now going to spread my risk by putting it back into Polo. If WTI multbags I will participate in that success via my POL shares, if it folds (debt problems, more water ingress, industrial unrest, unfavourable exchange rate, Cu price drop, etc,etc) then POL has plenty more strings to its bow". You could repeat that thinking substituting GCM for WTI, in which case we may see a lot of money coming into POL over the next few weeks. I am just being a bit cautious.

Well said Majic. I was interested when Tang bought into Indonesian coal (another investment to add to your list). It seems he was hedging his bets, knowing that Bangla was definitely going to need coal from somewhere. A couple of days ago I sold my WTI shares on the spike (not quite the top, I never get it right) and moved them back into Polo. I suspect some GCM holders may do the same. I am now just about break even on Polo now which is a vast improvement on the situation over the last two years. Good luck to new and long term holders alike.

Probably best to go back over old posts. You will find Months/years of painstaking research and information, much of it coming from Masterbaker. It's nice to see new enthusiastic investors, but it's not my style to 'talk up' a share. People familiar with Bangladesh know how volatile the situation there can be. There has, however, been a renewed optimism around the LTHs here, after two years in the doldrums, and the recent MOU at GCM will certainly add to this. I will say that we can be pretty sure that Polo is well positioned to profit from GCM at the appropriate time, bearing in mind that they share the same CEO who has, via Mettiz capital, made a substantial investment in Polo (and a massive premium to the current sp.)

Thanks MB. I would have done better to stay in (up another 50% today), but doubling my investment is something I rarely achieve on AIM and I don't resent other people doing better than me. Also, I am putting the proceeds back into Polo which I think will be a better investment in the long run. I agree that wti's performance will not have any immediate effect on Pol sp (as the current market demonstrates) but, if the rally in Cu price is maintained and wti manage to pay off their huge debt then the calculations will be very different.

Hi MB. Smile on my face today. I have a sell limit of .88p on my wti shares and, if I make it, which I probably won't, I plan to put the proceeds back into Pol, hopefully before the market decides that we are undervalued.

has clawed back a bit of its losses over watergate. Fingers crossed.

Thanks for all the links. I doubt GCM has anything to do with the rise though. GCM usually goes bananas before POL reacts, not the other way round. I suspect it is more to do with Hib plus progress at BLK plus better news from Celamin plus a bit more general confidence in the resources centre.

Maybe not that bad. The market knows already that the figures for the last 1/4 were going to be dreadful, and it does look as though they are now back on track with the continued support of Orion. (Still wish I had sold my wti shares at 0.8 though!).

Thanks, MB, as always for this. The report makes mixed reading. It's nice to see that the groundwater issue is now more or less sorted, but the effect on production in H2 2016 is worrying, particularly in view of the level of debt which has had to be deferred. It all looks a bit parlous to me, and critically dependant on the price of copper over the next 18 months along with the rand:dollar exchange rate. Other copper producers are feeling the pinch too at current prices and uneconomical operations are being mothballed. Maybe WTI will survive and even thrive. Ever the optimist.

I.m not saying you're wrong, Herb; just that I am not yet convinced that the game is up in Bangla. Incidentally the GCM sp is now well above the loan to share conversion price of 11p. As has been pointed out by myself and others, Tang is hedging his bets coalwise anyway. Bangla is definitely building coal fired power stations and will need coal from somewhere. Indonesia?

We may have lost, Herb, but I am far from certain. (As are quite a few other investors if today's rally is anything to go by). Wheels within wheels.

Historically the rises on GCM have been very short lived so it may be significant that over the last month or two GCM has held on to its new level. Today's rise could well be a flash in the pan, but overall it appears that the market is taking a more optimistic view of Phulbari's prospects. One can only hope!

Of course. Should have gone to Specsavers. I wonder if we are involved.

Not sure where you got that from, Mecco, but if they are raising capital I am pretty sure Tang would be interested. We have money in the bank.

Well that settles it! Could be an interesting investment.

I note that directors and major shareholders are excluded from the placement. Are w e a major shareholder?