Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Are funded for this and other wells to the tune of $230m http://www.igasplc.com/media/34509/interim-results-presentation-final.pdf
I used to hold POLO years ago. Only a small holding of around £1200-1500. I remember getting a special dividend from f around 2p a share? It equated to a payment of around £900 for my holding. Not at all bad. I do think the tide is changing for commodities and polo are well positioned to take advantage. HL has the estimated NAV here at 21.35p a share and that was before the GCM rise.
Values POLO stake at 8,961,321 pounds
http://www.hl.co.uk/shares/shares-search-results/p/polo-resources-ltd-ord-npv
http://www.hl.co.uk/shares/shares-search-results/p/polo-resources-ltd-ord-npv
Before the commodity rise of late. Earlier in the year Hargreaves landsdown had Polos NAV at just over 18p a share. Just saying :)
What if Polo sold their stake in GCM after their rise? What would that do to GCMs SO with a 27.8% flood of stock? This makes POLO the safer stock to hold.
The point being if you look at Polos investments in GCM, Hibiscus and ironstone alone or any singular one of those three and it's easy to see that polo is stupidly undervalued. Then check out their 8% state in Blackham resources. 5.1moz of clgold. Now producing with ambitions of achieving 230,000oz a year output. It's mind blowing.
Apologies I converted the kg/lbs the wrong way. It's worth $123,909,090 to polo
Do the math. Polos share a f that Vanadium is worth $599,720,000
Vanadium spot price = Steel Raw Material Prices Ferro Titanium USD/kg 3.87 Ferro Tungsten USD/kg 24.04 Ferro Vanadium USD/kg 16.01
Iron Ore, Vanadium and Precious Metals Projects, Canada 18.8% equity interest In December 2010 the Company made a US$7.90 million investment followed by a further US$4.91 million in March 2011 in Ironstone, a private Canadian company which owns the Clear Hills Iron Ore/Vanadium Project ("Clear Hills") in Alberta, Canada. Currently the Clear Hills NI 43-101 compliant resources are categorised as follows: Indicated: 557 million tonnes iron, with an average grade of 33 per cent of iron 1.45 billion pounds of vanadium (as vanadium pentoxide) Inferred: 96 million tonnes of iron, with an average grade of 33 per cent of iron
We are now moving into a commodity bull market. Have a read up. http://www.poloresources.com/Investments.htm
BLACKHAM RESOURCES LIMITED - INVESTMENT UPDATE Tue, 18th Oct 2016 12:31 RNS Number : 8487M Polo Resources Limited 18 October 2016 18 October 2016 Polo Resources Limited ("Polo" or the "Company") BLACKHAM RESOURCES LIMITED - INVESTMENT UPDATE MATILDA FIRST GOLD POUR Polo Resources Limited (AIM: POL), the natural resources investment company with interests in oil, gold, coal, copper, phosphate, iron and vanadium, is pleased to announce that its investee company, Blackham Resources Limited ("Blackham") ("ASX: BLK") has completed its first gold pour at its 5.1Moz Matilda Gold Project. Having successfully completed the refurbishment and commissioning of Stage 1 of the Wiluna Gold Plant and achieved gold production, Blackham is now fast tracking the Stage 2 Wiluna Gold Plant expansion study aimed at increasing production from some 100kozpa to 175-230kozpa. The full details of Blackham's announcement can be found at: http://blackhamresources.com.au/documents/matilda-first-gold-pour/. This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.
Polo Resources Limited 13 October 2016 13 October 2016 Polo Resources Limited ("Polo" or the "Company") HIBISCUS PETROLEUM - INVESTMENT UPDATE Polo Resources Limited (AIM: POL), the natural resources investment company with interests in oil, gold, coal, copper, phosphate, iron and vanadium, is pleased to announce that its investee company, Hibiscus Petroleum Berhad (HIBI: MK) ("Hibiscus") has reported that its indirect wholly-owned subsidiary, SEA Hibiscus Sdn Bhd ("SEA Hibiscus") has entered into a conditional sale and purchase agreement with Sabah Shell Petroleum Company Limited and Shell Sabah Selatan Sdn Bhd (collectively "Shell") to acquire Shell's entire fifty percent participating interests in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract ("PSC") for a purchase consideration of USD25 million (excluding post completion adjustments and reimbursements to Shell). Shell's interest also include operatorship responsibilities which would be transferred to SEA Hibiscus through a transfer of operatorship program. This acquisition is expected to complete in 2017 and is subject primarily to obtaining regulatory approval of Petroliam Nasional Berhad ("PETRONAS") and consent of Petronas Carigali Sdn Bhd ("Petronas Carigali"), a fifty percent joint venture partner in the PSC. The PSC comprises of four producing oil fields and associated infrastructure; i.e. St Joseph, South Furious, SF30, and Barton oilfields which are located in a key hydrocarbon province in Malaysia and have delivered reliable production since coming onstream in 1979. The PSC also contains pipeline infrastructure and the Labuan Crude Oil Terminal, an onshore processing plant and oil export terminal. The PSC provides long-term production rights until 2040 with identified future development opportunities expected to add incremental 2P/2C resources up to 79 million barrels, this bodes well for the increased trajectory of Hibiscus Petroleum into its next milestone of growth. The fields are reported by independent technical valuer, RISC Operations Pty Ltd to be producing over 16,000 barrels of oil per day and have an estimated remaining developed reserves (2P) of 62 million barrels as of April 2016. Petronas Carigali is a wholly-owned subsidiary of PETRONAS which is the national oil company of Malaysia. PETRONAS is a fully integrated oil and gas multinational ranked among the largest corporations on FORTUNE Global 500®. Some details of the PSC: Units Total Average Daily Production 20151 kstb/d3 18 Remaining Reserves (2P) 2 MMstb4 62 Contingent Resources (2C) 2 MMstb 79 Platforms/Structures1 19 Wells 135 1. Actuals (source: Shell). 2. Figures derived by independent technical valuer, RISC Operations Pty Ltd, based on 1005 interest in the PSC, as of January 2016. 3. Thousand sto
2.4m quid up to 7m quid
Let's put it a simpler way. This morning Polos 27.8% was worth £2,446,511 at 14p a share in GCM. Now it's worth £7,077,880
Polo has always positioned itself for a commodity recovery. That appears to be in play.
Gold Nimini Holdings Limited Blackham Resources Limited Oil & Gas Hibiscus Petroleum Berhad Regalis Petroleum Limited Coal GCM Resources plc Universal Coal Resources Pte Ltd Iron Ore Ironstone Resources Limited Phosphate Celamin Holdings NL Copper Weatherly International plc