Member Info for Rigger

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

27.8% http://www.poloresources.com/Investments_GCM.htm

27.8% http://www.poloresources.com/Investments_GCM.htm

Very bullish, so expecting a strong move up from here very shortly.

So roughly the same BOE as BOR. SOU haven't even proven it all up yet either. So SOU with a MCAP of £438m compared to BOR 270-350m barrels of high grade 46-49api condensate while BOR is trading at less than cash is ridiculous. Even if we farmed out at 50% we should be sitting way north of 50p a share.

Looks like someone bought it. 1 code.

I can tell you this isn't a pump and dump. It's savvy PIs positioning themselves for an oil price recovery. We know this is commercial at $40 and that the asset is currently valued at 0 compared to the MCAP. The oil industry is looking to reinvest to build up its long term reserves base. We as PIs are seeking out cash/asset rich oil firms who have weathered the storm and have no debt on their books. BOR ticks all the boxes.

All the ducks are lining up here. Rising POO. Development plan with uplift cost of $40 a barrel so with POO at $50 with initial plan of 270m barrels recoverable = $2.7bn. Planned production 56kbopd@$10a barrel=$560,000 a day. Assets (plant,equip, other stuff) net value of £246m. On net value against £16.7m MCAP (yesterday's close) BOR was 15x under value. At £2.7bn as of yesterday's MCAP BOR was 161X under value. Shares in issue 484m not in Public hands 14%. Cash £9.9m @0.82p/$ with ZERO DEBT. The high grade hydrocarbons recoverable at the moment are around 360m barrels. Correct me if I'm wrong. All this equals a big bagger. It certainly makes BOR a very attractive takeover target in a rising POO environment.

$40 a barrel. So good margin at current POO

Take over target

MCAP still just £1m