Introduction

Polo aims to become a major international coal mining and exploration group with additional interests in uranium and iron ore. The Company is focused on acquiring and developing interests in projects that are strategically located to serve the increasing global demand for coal, in particular to feed the robust demand of Asia.

Polo holds a diversified portfolio of coal and uranium licences in Mongolia. The geology of Mongolia is highly prospective for significant mineral deposits; however, the countrys resources have been vastly under-explored and under-developed. Polo has specifically targeted areas of significant known coal resources that are near the necessary infrastructure to export coal into the growing energy markets of adjacent China and Russia.

Polos strategy in Mongolia is to fast track into development the Union Coal Project and the Ereen Coal Project in 2008. Polo is targeting total production of 1 Mt of coal per annum commencing in the fourth quarter of 2008. Polo also plans to define 1 Bt of high quality coal resources by 2010.

Polo also holds a strategic interest in GCM Resources plc, an AIM listed (ticker code: GCM) resource development company with a wholly owned subsidiary operating in Bangladesh and investments in South Africa. GCM Resources plc is developing a coal mine and power plant project in Bangladesh, the Phulbari Project.

Market cap: 190.408m

Major Shareholders

The Company's issued share capital consists of 1,170,622,425 Ordinary Shares of no par value.

The Company does not hold any Ordinary Shares in Treasury.

As of 17 March 2008 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Name
Number of Ordinary Shares
Percentage of issued share capital

RAB Capital Plc
97,240,425
8.31%

TPG-Axon Partners (Offshore) Ltd
71,907,000
6.14%

Capital Research and Management Company
65,740,000
5.62%

Angstrom Capital Limited
60,000,000
5.13%

Chiropo Company SA
60,000,000
5.13%

Libra Advisors, LLC*
45,450,000
3.88%

Perella Weinberg Partners Xerion Master Fund Ltd
41,960,000
3.58%

TPG-Axon Capital
37,043,000
3.16%

Seamans Capital Management Ltd.
36,870,000
3.15%

* Note: Libra Advisors LLC is the investment manager of two funds, Libra Fund LP (holding 36,760,000 Ordinary Shares) and Libra Offshore Ltd (holding 8,690,000 Ordinary Shares).

Of Interest:

Rumour of the day

Caledon Resources, which is trying to increase coal production from its Cook Mine in Queensland, Australia, rose 11p to 121p amid high volume. It could be a bid target if production reaches commercially viable levels. Polo Resources has built a 12 per cent stake and was rumoured to be picking up two million more shares in the market.

http://business.timesonline.co.uk/tol/business/markets/article4054484.ece

watch this one start flying. Not many investors know PRL have stakes in WTN, CDN , GCM as well as a huge number of licencees for coal and uranium. A gem of a story unfolding here, look who they have on board! A board full of highly respected deal makers. I'm acquiring a million shares at present. I reckon the present NAV must be close to 25p just with the ever increasing prices of the 3 mentioned stocks.

edit somebody just bought 800,000 at 16p. Get ready for 20p next few days as the stock breaks out.

well kate I thought I was all alone !! :))

no, not many researched this yet which kind of suits me at the moment. My only concern is having cash tied up as they've stated some deals could be reverse takeovers under aim rules. I suspect though given the much proven track record of the directors deals will be tied up quickly. Approaching its breakout level i see.

RNS Number : 8770V
Polo Resources Limited
03 June 2008


3 June 2008
Polo Resources Limited
("Polo", "Polo Resources" or "the Company")

Result of EGM
Polo Resources Limited (AIM: PRL) is pleased to announce that shareholder approval was
granted at a General Meeting of the Company held
today to amend the Company's articles of association in order to empower the Directors to
allot additional shares either for cash to raise
additional funds for the Company or as consideration for the acquisition of non-cash assets by
the Company.
Accordingly, following the Company's announcement dated 2 June 2008, it is expected that
admission of 620,000,000 ordinary shares
(being both the Firm Placing Shares and the Conditional Placing Shares, as defined in that
announcement) will take place at 8 am on
Wednesday 4 June 2008.
Following admission of the placing shares, the total issued share capital will be
1,794,239,816 shares, all of which are voting shares.

things moving very swiftly. ;-)
and that's a big wink....

I bought in this am, and in profit already. Not sure what game S Dattels is playing
but he knows the coal situation, only time will tell which direction he goes but
he seems to be in favour with the institutions.
His investments in both CDN and GCM are doing very nicely and makes one wonder which way he will go? Only time will tell us.
cyril

does this stock has any links with cdn.

Caledon Resources says Polo Resources ups stake in co to 18.5 pct
AFX


LONDON (Thomson Financial) - Coal-focused investment company Polo Resources Ltd. has upped its stake in coal miner Caledon Resources Ltd. to 18.5 percent, according to a filing to the stock exchange.

In a series of transactions between May 29 and June 3, Polo increased the number of shares it held in Caledon from 21.5 million to 36.1 million.

Polo has gradually been raising its interest in Caledon since March, when it bought 11 million shares, or a stake of over 6 percent.

In May, Caledon raised A$15 million via a public offer and placing in Australia, closed early due to strong demand.

Published date:Thursday, June 5, 2008
The coal investor prepares itself for a shopping spree

by Dan Coatsworth

Coal investor Polo Resources has raised 80.6 million in a share placing to strengthen its finances for acquisitions and working capital.

Since listing on Aim in September 2007, Polo has acquired 12% of Australian producer Caledon Resources and three Mongolian companies owning 14 coal licences. Last month it proposed to buy GCM Resources subject to funding, having already acquired 29.72% of the share capital. At the suggested 175p-a-share level, Polo would need 60 million to complete the transaction, more than covered by the latest fund raising. A formal takeover offer was expected as Shares went to press.

Should the deal succeed, Polo plans to use the GCM name as its new group identity. GCM, formerly Asia Energy, has spent years trying to develop the Phulbari coal project in Bangladesh: severely opposed as an estimated 50,000 people would need re-housing. Polo would also inherit a 3.45% stake in near-term producer Coal of Africa. GCM originally paid 2.4 million for a 15% investment in December 2006, since diluted.


Other stories from : Prospector

www.sharecrazy.com

RNS Number : 0204W
Polo Resources Limited
05 June 2008










5 June 2008







Polo Resources Ltd

('Polo Resources' or 'the Company')




Holding in Company




Polo Resources was notified on 4 June 2008 that Southpoint Capital Advisors LP owns 77,500,000 Ordinary Shares representing 4.32% of the issued share capital of Polo Resources plc.

12.5m shares just been sold price still 19.5p.

Timesonline
6th June 2008

Polo Resources, the coal investor that focuses on the Far East, rose 2p to 19p as South Point Capital Advisors, the hedge fund of New Yorker Robert Butts, took a 4 per cent stake. Mr Butts bought last month a 3 per cent stake in Polos bid target GCM Resources, up p at 171p.

Looks promising, and may make a mint with a hole. :-)

Caledon Resources says Polo Resources ups stake in company to 21.57 pct
AFX


LONDON (Thomson Financial) - Coal miner Caledon Resources Plc. said coal-focused investment company Polo Resources Ltd. has lifted its stake in Caledon to about 42.46 million shares, or 21.57 percent, from 36.11 million shares, or 18.5 percent.

Polo has been gradually raising its interest in Caledon since March, when it bought 11 million shares, or a stake of over 6 percent.

In May, Caledon raised A$15 million via a public offer and placing in Australia, closed early due to strong demand.

Anybody in this one out there looks good to me

In the Times today

SMALLER COMPANIES:

'The soaring price of coal is something that may be on the mind of
Stephen Dattels, the Canadian mining entrepreneur who chairs
POLO RESOURCES, up 1p at 20.75p. Polo has increased its stake
in CALEDON RESOURCES from 18.5% to 21.6%. The company does
not have the cash to bid for Caledon at present prices, but Mr
Dattels, who chaired Caledon, is opposed to Robert Alford, his
successor. Caledon fell 1.25p to 134.75p'

12 June 2008





Polo Resources Limited
('Polo Resources' or the 'Company')




Significant New license areas acquired by Polo in the South Gobi Coal Basin




Polo Resources Limited (AIM:PRL), has increased its exploration license areas in the prolific South Gobi Coal Basin, currently holding a total of 24 licenses in this area with a further 10 licenses under option. Should Polo exercise all these Options it will hold a total license area of 6,783 km2 a significant increase from the 570 km2 previously held. These license areas contain Permian and Carboniferous age sediments that host the thermal and coking coal deposits of the region such as the Tavan Tolgoi project and Baruun Naran.




Within Polo's holdings in the South Gobi are 11 known coal occurrences. The licenses include the southern and western boundaries of the Baruun Naran Project held by QGX that extends from the Tavan Tolgoi deposit and has in recent times defined more than 200Mt of thermal and coking coal and has a prefeasibility study completed showing excellent returns.




Seismic surveying has commenced at Polo's Naruun North License that will help to define the coal located in 8 holes during the 2006 campaign. The coal outcrops over 3 km and occurs in multilayered sequences with thicknesses from 2 to 12 metres. Naruun North lies 7.8 km north of the Coal mines of MAK and South Gobi Sands and has testing which has revealed coal of similar quality. The areas are ideally situated for the export of coal into China.



A total of 43 diamond drill holes have been completed on the Union Prospect. Drilling has defined a coal seam with an average thickness of 60 metres dipping gently to the west. The maximum true thickness of coal intersected was 146 metres. Coal has been intersected over more than 60% of the 2.82 km2 license area and is exposed in the small open cut. A review of the permits associated with this mining license is underway to evaluate the potential to exploit this discovery. SRK has been appointed to complete a resource calculation for the project.




Neil Herbert, Deputy Chairman of Polo, said:




'Polo is focusing on the South Gobi Coal Basin which produces high quality coal for export to China and thereby positioning the Company in respect of the anticipated significant growth in both coking and thermal coal production in this strategically important region.'

Lets hope we see forward movement

GCM flying today, i wonder if PRL still own 29%(40m) if so a good return which should help the valuation?
cyril