Member Info for Racey

Apologies if this has been posted already (I try to read everything), Jub Capital now officially in liquidation according to companies house .... they got it wrong big style, just like the current bunch of de-rampers ... I’m holding all the way.

https://beta.companieshouse.gov.uk/company/08803382

Personally I think this is great news, and why not use the recent good news to raise funds more easily. We are at heart an explorer and finding resources is what we do (I've been in a long time when we were looking for diamonds at the north pole - well somewhere close and we could only do it in the summer).

Now we should have a cash cow in Nevada (which I hope we keep and do it ourselves) and we can go exploring again.

I was going to buy more after the appeal period had passed, but will but more in the placing.

Onwards and upwards .. all good imho

.... there are certainly a lot of buys today (and at the time of writing GCM are 2% down) .. maybe the NOMAD is due to be appointed and the people in the know are buying, otherwise why would you risk more with no positive news?

I'm waiting to buy more, but without a NOMAD and the risk of slipping into obscurity by not being public, I will wait and see what happens next week.

... from what I understand, the Barclay Card unit has implemented a change in provision policy recently, whereby the individual credit limit of a card is taken into account more than previous. So the higher the credit limit, the higher the provision they need to make. This is why it is affecting card holders rich and poor, good and bad. If you are not using your card much or even close to your limit, they are reducing it to keep the amount of provisions they have to make lower.

Ah, so that's why this board is quiet, there is more discussion on the GCM board about Polo than here :-)

Personally, for the West, I see the post covid revival being about Green initiatives and the green economy, EV's, Solar, Wind, etc. However, for Countries such as Bangladesh, it's got to be about what's cheapest, and sitting on a pile of coal, even if the price is going up, has got to be the cheapest, more securest way to go to secure their power needs over the next 10/20 years

I'm very tempted to top up (average down) at these prices, I will look at Polo's other investments, (if there are any still trading, I see a couple have gone pop) and maybe wait for the Nomad to be announced. Buying before the Nomad announcement reminds me of when I bought Woolworths all those years ago (I was a bit greener then) .. how can Woolworths go bust, but it did. A tad more caution this time, lets get the Nomad announced then I'll top up.

Morning all,

Been in here a long while and was thinking of topping up at these low (and hopefully still below NAV) prices. Did some looking over the weekend and came across the news that our NOMAD has resigned. If we don't get a replacement, and the current lot didn't resign for no reason I guess, we could be heading for a delisting .... surprised no one has commented ..

Resignation of Nominated Adviser
Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil,
gold, coal, copper, phosphate, lithium, iron and vanadium, announces that Allenby Capital Limited
("Allenby Capital") have served notice to resign as the Company's nominated adviser. It has been
mutually agreed between the Company and Allenby Capital that this resignation will become effective at the close of business on 31 August 2020.
Pursuant to Rule 1 of the AIM Rules for Companies, if an AIM company ceases to have a nominated adviser, trading in its AIM securities will be suspended. Accordingly, if no appointment is
made by 31 August 2020, the Company's shares will be suspended at 7.30 a.m. on 1 September
2020. If, within one month of that suspension the Company has failed to appoint a replacement
nominated adviser, the admission of its AIM securities will be cancelled.
The Company will endeavour to identify a nominated adviser to succeed Allenby Capital and shall
update shareholders in due course.

... the smart money is on .... if you want access to the data room, companies must sign an NDA and the guess is there is also a clause stating they cannot buy shares on the open market.

Does not stop another company not in the data room buying shares, but they wouldn’t know what they were buying

If it ends up being a JV with NN and the Chinese, won't that reduce the bidding war? Hopefully the other interested parties will keep it interesting. Thinking out loud, if both banks are working on a success fee basis, neither will want to walk away with nothing, why not a JV and split the fee.

£1.25 for me.

Thanks Tiddlor, apologies back if I offended as well.

Ha ha thanks Tiddlor, I would be offended if you actually ever added anything constructive. For all your posts ... you just bring noise, nothing else.

I've just looked, my holding in EUA goes back as far as 2012 (that's as far back as my paper records go, so maybe longer) and my last top-up was in 2018 at .39p ... so I have nothing to be jealous about, currently sat on a nice profit. Just trying to bring some constructive chat. I'm holding to the end.

5) 19p CFD … as mentioned, mind games, that could work both ways, in the grand scheme of things it’s not that big @ £500 per 1p, maybe someone wants to make it look positive to shore up the share price and dump loads of stock? I can’t imagine UBS would be taken in by such shenanigans, so we take it for what it is, someone in Euraisa (non director) who can see the future and wants to make a knowledgeable punt.

What else could go wrong?

Friday, I have some funds being released from elsewhere, I’m already loaded up here (for me at least) and I’ve opened an Investment ISA in the wife’s name ready for more. I’m tempted to throw another few quid at this … if it does come off, it is a once in a lifetime for most PI’s.

Finally, special thanks go out to Tillywiz & Ian for keeping us entertained and informed, and to all the other people who post regularly, it is very much appreciated.

Good luck everyone – I’m hoping for >70p

BTW – Chrome told me this morning LSE had a data breach and to change my password, could of happened ages ago, not sure, just putting it out there.

I was going to post the other day when Rowka had his mini melt down – glad he came back and apologised, it is great to have someone around with so much energy even if his motives are potentially questionable. I am also glad that the “guess the final selling price” has calmed down as well. Don’t get me wrong I like a bit of estimating/dreaming – what I don’t like is people getting nasty shooting other people down when no one on here really knows what we have and what it’s worth. As I think Newbie said, we are all playing “pin the tail on the donkey" – only we can’t see the donkey even if we peaked, if you put 150 pins in, at the end someone is going to be right / closest and the rest not - until the big RNS – we are all right and we are all wrong.

I’m definitely a LTH and follow this board for all its good and bad. We all know the positives, but I don’t think we have explored what could go wrong from here on in – a sort of risk analysis. Please don’t say I’m a de-ramper, I’m just trying to stoke up some proper conversation. Every botfly needs a nemesis, and that could be Rowka – maybe he also has an agenda we should explore, I’ve seen the positivity a few times and see it go wrong (SOU, OXS, VOG). So what can happen from here apart from a sale :-
1) I can’t imagine the SP is being ramped so that the directors can get out on a high (like SOU), they hold too many and would have to RNS any changes, so we can cross that off.
2) The share price being manipulated by the MM’s. I’m not saying they can’t do that as I don’t know any better, but really? I would subscribe to what someone else said the other day that a large holder could be buying and selling to hold the price where it is. At the end of the day, people are selling at this price and people are buying, if that is in equilibrium, then why do the MM’s need to increase the SP?
3) This is Russia … could they take away the licence on some claim of wrongdoing (like OXS)? Possible, but I don’t think the BOD would ever let that happen. That said, if the bounty is as big as some predict … it could be tempting for them. At the end of the day, they could “swing” the sale NN’s way for political/strategic reasons, I don’t think that would affect the shareholders, we would still get our sale.
4) Would be interesting to know if Anders / PT get any more information from the Co. as large shareholders. Not saying insider trading, but maybe they can use their shareholding leverage to get more details than we would. Either way, it’s positive that both are holding at present, and again, would need to RNS if the bought any more / had less.
... tbc

Looks like PT has had a cheeky buy of another 500k shares?

What's with all the small buys less than 100 shares ?? 83, 17,12,26, 34, 62, 18

£100 buys you circa 600 shares

Weathergeek - I hope that wasn't directed at me, I am genuinely a long term holder with a lot to gain and lose at present. If you see my prior post, I'm just trying to figure out who is selling with all this positive news and why the price is not already a lot higher as you suggest. I was also just pointing out that the "de-rampers", for whatever their agenda, bot flies etc. , don't actually have to prove anything, they just need to seed doubt. As mentioned, I'm in for a lot longer yet and will join the party in York when it's done!

This reminds me of the famous Tobacco memo when people started saying "Smoking was bad". The tobacco industry didn't have to prove it wasn't bad, they just had to provide enough doubt so the smokers has something to cling too and keep on smoking, that was their PR Campaign. It feels the same here with the "de-rampers" (lets call them that for now) .. they don't have to prove its a bad deal, there is no metal in the ground, we can't mine it ourselves, etc. they just have to provide enough doubt to make people think "This is it, I'm out now for whatever profit I have, cos it might go down further if they are right". I'm in this for a lot longer ride, been in here for years so may as well ride a bit longer, however, I have been burnt with people like VOG .. who also have product in the ground (Gas), but still managed to mess it up. I think there are far more positives than negatives, I'm riding, or should I say sailing, for a bit longer yet !

Credentials - I've been around for a looong time, last purchase of EUA shares was in 2018, so obviously quite happy at the moment, I read a heck of a lot, just don't post much.

The question I have is, who is actually selling their shares? Obviously people are top slicing, and the day traders help with the churn, however, if institutions are loading up and there was a rush of buyers this morning for example, where are they getting the shares from? Another thought, just because the previous 8.3 forms said certain individuals had a holding at that point in time >1%, maybe they are selling off now, would they need to let the market know if they went back below 1% again? I'm looking forward to see if anymore >1% declarations come in before Wednesday and will be holding for a better price than today ... I just can't figure out who is providing the stock that people are buying today (in quantity I mean) ....

... I would also suggest, people involved in signing off the flanks licence and their friends, local Russian Government officials who can see what's coming, and generally any friends of friends of people involved in the process :-)

If you stopped referring to him as Luc ... it might help throw the admins for a while longer ;-)

They've probably got Luc as a key word in their "Naughty Word" checker by now.

Maybe not as big as EUA, however I’ve been in Webis for quite a while, they hold gambling licenses in the USA, so as gambling is legalised it should do well, might take a year or two, depending on each state approving it, but they need the Tax Dollars so there’s the encouragement.