Member Info for shareaction

Well, with 48.9m extra shares (138.9m in total) Polo's total value in Hibiscus shares is £16million today, or 5.1p per POLO share. Sounds almost incredible. I keep asking if I'm missing something here...

2 December 2015 RNS announced that Polo Resources bought 90 million new ordinary shares in Hibiscus Petroleum Berhad (HIBI: MK) ("Hibiscus"), a Main Market of Bursa Malaysia Securities Berhad listed company… Therefore, the asset value of POLO’s 90m Hibiscus shares today is £10.4m or 3.32 pence per POLO share. Almost as much as the POLO share price itself. I.e. nothing else in Polo Resources is reflected in the shareprice. I would normally expect a re-rating of POLO but they do have a habit of letting out more bad news after market events like today's. Is someone able to confirm that POLO still owns 90m Hibiscus shares?

3 bites, actually, at this cherry - additional low-cost wells: 3) "Our extensive leasehold, which now covers approximately 1.6m surface acres, has been sparsely drilled to date and therefore provides material running room for infill drilling to increase the production throughout the portfolio. Development wells are both low-risk and low-cost, ranging from $250k - $350k per well drill and placed on production"

DGOC’s business model is fantastic! From the RNS today: 1) [Large players] are keen to offload [mature, often conventional producing assets] to buyers who can maintain the production while allowing them to retaining the rights to the unconventional reservoirs. This market dynamic creates particularly attractive valuation metrics for the appropriate buyers as PRICE consideration is NOT ALWAYS THE SELLER'S PRINCIPAL FACTOR in completing transactions. And... 2) These assets have often been managed inefficiently by the larger operators, and present a unique opportunity for DGO to utilise its operational skillset and complementary regional footprint to REDUCE operating COSTS and IMPROVE the asset's PROFITABILITY. In other words DGOC gets 2 bites at this cherry. I am surprised it has taken so long for the market to BEGIN TO see the potential here. And we have just started…

Today: FAROE PETROLEUM High quality, with a big discount Faroe Petroleum is trading at only 61% of our risked NAV, with an implied oil price of USD41/bbl, and looks attractive to us in both absolute and relative terms. Since 2012, the company has reported strong reserve and production/share growth versus peers, second only to Aker BP. Its assets and developments are attractive in our view, with Brasse discovery economics in the top 5% on the NCS. We see good visibility on these growth metrics through the coming development cycle, including funding, with limited downside risk. We initiate coverage with a BUY recommendation and GBp142 target price.

Olderandwiser, after the dividends arrived with US withholding tax deducted and I complained to my SIPP-provider they insisted that I had to comple a W-8BEN form as a personal taxpayer (for future US dividends) even though the SIPP is a separate legal entity from me personally with completley different tax and other rules, in fact it is a TRUST with me only as a future beneficiary. Sloppyness I call it so beware. They also told me the overpaid withholding tax can be reclaimed by completing a 1042-S form which will be sent to me next year to reclaim tax paid in the 2017 American tax year. Yeah right, we'll see what happens.. Anyway.... I see that DGOC suddenly went up over 5% late this afternoon. 400k shares traded compared with 16k shares daily average. At last something positive! Heard any news, anyone?

I'm so sick of this market maker monopoly handed to these outdated middle men. Don't get me wrong, they should be free to exist if they want but we should ALL be free to place limit orders in direct competition with these questionnable middlemen. That way the liquidity will improve in these otherwise illiquid AIM shares which sometimes have spreads up to 25-30%. A disgraceful outdated dinosaur system.

Olderandwiser, even my SIPP provider miss US tax issues. They hadn't let US tax authorities know that ALL sipps of course are tax exempt entities thereby allowing US witholding tax to be deducted from the recent dividends from DGOC! What a BLUNDER - and no apologies either in spite of me warning them of this well in advance... As for DGOC themselves I think it is time for another purchase of more oil/gas wells; the last purchase had no positive effect on the share price in spite of the publication here of my detailed analysis!!

Olderandwiser, even my SIPP provider miss US tax issues. They hadn't let US tax authorities know that ALL sipps of course are tax exempt entities thereby allowing US witholding tax to be deducted from the recent dividends from DGOC! What a BLUNDER - and no apologies either in spite of me warning them of this well in advance... As for DGOC themselves I think it is time for another purchase of more oil/gas wells; the last purchase had no positive effect on the share price in spite of the publication here of my detailed analysis!!

I agree, Baker, but I think it is AIM-companies bosses' lack of experience that has caused you these losses, not your own lack of experience. Tang's catastrophic due dilligence of Polo before buying all the shares at that astronomic price together with the prospect of him running Polo should have sent all other shareholders for the exit. Instead they thought he knew something the rest of them did't and bought more!

Yes, it looks like Polo has secured the SGD 5m (£2.87m) loan to Universal Coal Resources reasonably well, including a pledge on the coal resource shares that Pan Asia own, and this should give them some leverage in settlement negotiations. However instead of adding POLO’s share value through this exciting project with rising coal market prices (21p per share in my earlier speculative calculation), we are instead left with “best case” now being getting the money back (which represent only 0.92p per share) … sometime in the future. In my opinion POLO’s negotiations with Pan Asia could get very messy as Glory Merry Ltd, the new potential buyer of 100% of the coal resource will get a substantial share of the Pan Asia shares if their sale process starts but does not finish with a successful sale. I don’t think Glory Merry like the idea at all that the coal resource shares are already pledged as a security to Polo - however we have to wait and see. Just like the other “investments” the real situation here is completely different from the one described on Polo’s web site. And that is another red flag I’m afraid.

28jul2017 latest update http://www.asx.com.au//asxpdf/20170731/pdf/43kzxf3ssblmcs.pdf

12may2017: http://www.asx.com.au//asxpdf/20170512/pdf/43j6tjhcjt81wn.pdf

I found the link in "our own backyard, Masterbaker"! http://www.poloresources.com/Investments_universal.htm

My very rough, quick and "not-to-base-your-investment-decisions-on" estimated value of Polo’s portion of this coal (using 10% of $50/ton market price as NPV) per Polo share is: (20m ton x $50/ton x 0.1) / (1.5 $/£ x 312mill Polo-shares) = 21p per share.

I read that Polo Resources is the �de-facto� owner of not less than 20% of Universal Coal Resources Pte Ltd - a Singapore company with 75% indirect interests in a JORC Resource of 129 million tons of coal (measured, indicated and inferred) in Indonesia - scheduled to be listed on the Singapore Stock Exchange Catalist Board (SGX) within 4 months (end of this year). Polo is very quiet on this topic. Has anybody here heard or read about any progress (or delay) in the listing? 4 months is not a long time, they need their skates on.

This looks good if my quick and very rough estimate below is accurate enough! Net after-royalty volumes: Gas 10340 boed x assumed sales price $17 = $176,460 Oil 699 bod x assumed sales price $50 = $ 34,950 Total $211,000 Less Direct cost 11039 x $8 = $88,312 = Gross profit $ 123,000 per day x 360 = $44m p.a. Admin/fixed costs/amort./etc. $10m +++ = Net profit pre tax p.a. $30m = £20m No. of shares 145 mill = Pre tax profit per share 14p Shareprice 68p => P/E 4.9 7.7% div = 5.5p => Dividend cover 2.5 (please do your own research before trading)

http://celaminnl.com.au/pdfs/2017-07-11-06081920170711_-_Celamin_Holdings_NL_-_Completion_of_Placement_-_ASX_FINAL.pdf When will Polo confirm that arbitration actually took place in June as previouslu announced?

This is the beauty of under-analysed AIM; we get opportunities when a number of shareholders at the same time are just fed up and sell and this sparks a bit of panic amongst those who othrewise wouldn't sell at that time and all we have to do is to place some low limit buy orders to catch them. Of course the danger is that it is not such a fatigue-dip but caused by sellers with detrimental inside info...

When will Bermuda Bank start to offload their majority shareholding? What is the strategic plan, anyone knows?