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).

RNS Number : 7427U
Polo Resources Limited
19 May 2008



For immediate release 19 May 2008




NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION




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



Preliminary Approach to GCM Resources plc




Polo Resources Limited ('Polo') (AIM:PRL) which owns 29.72% of the issued shares of GCM Resources plc ('GCM') (AIM:GCM) confirms that it has made an approach to the board of GCM as announced by GCM this morning, which may or may not lead to an offer being made by Polo for GCM.




The approach to GCM is a pre-conditional cash offer for all the issued and to be issued share capital of GCM at 175p per share (which represents an approximately 50.7% premium to the volume weighted average price for the 20 trading days ending on 16 May 2008) and is subject to financing. Such an offer would be consistent with Polo's strategy of building a significant and diversified portfolio of coal producing, development and exploration assets. Polo intends to work with the management of GCM and, if a formal offer is made, intends to seek shareholder approval to change its name to GCM Resources Limited.




Polo wishes to make it clear that its approach is subject to the arrangement of necessary funding. This announcement does not amount to a firm intention to make an offer and, accordingly, there can be no certainty that any offer will be made even if the necessary funding is arranged.




A further announcement will be made as appropriate.




For further information

Polo Resources increases Mongolian coal and uranium licences to 59
AFX


LONDON (Thomson Financial) - Polo Resources Ltd. said it continues to consolidate its Mongolian interests, increasing the number of exploration and mining licences it holds to 59, of which 26 are focused on coal and another 33 are focused on uranium.

Deputy chairman Neil Herbert said: 'Polo is continuing to rapidly advance its Mongolian interest with the acquisition of further licence areas. These licence areas include 57,004 hectares of exploration licences in the strategically located South Gobi district close to China as well as projects in the east and west of the country.'

The coal- and uranium-focused investment and mining company added that the South Gobi in particular is known for its Permian coal basins with both coking and good quality thermal coal. The group also said it has an active exploration and drill programme on these coal projects.

Polo Resources to raise 80.6 mln pounds by placing up to 620 mln shrs at 13p/shr
AFX


LONDON (Thomson Financial) - Polo Resources Ltd. said it plans to raise up to 80.6 million pounds by placing 620 million shares at 13 pence each to finance potential acquisitions and for general working capital purposes.

The coal and uranium focused investment and mining company said the proceeds will help it take advantage of the current strong pipeline of available new investment opportunities in the coal sector.

The company said it will also consider smaller, bolt-on acquisitions.

RNS Number : 6989V
Polo Resources Limited
02 June 2008



2 June 2008




POLO RESOURCES LIMITED

('Polo Resources' or the 'Company')




Results of Cash Placing


Further to the announcement by the Company dated 30 May 2008 setting out details of a cash placing and following completion of the bookbuilding process, Polo Resources is pleased to announce the placing of a total of 620,000,000 ordinary shares (the 'Placing Shares') at a price of 13 pence per Placing Share ('the Placing'), raising gross proceeds of approximately 80.6 million (which is estimated to be US$150 million net of expenses).




Of the shares, a total of 248,000,000 new ordinary shares (the 'Firm Placing Shares') have been placed firm by BMO Nesbitt Burns Inc. and Canaccord Adams Limited (the 'Managers') and 372,000,000 additional new Ordinary Shares (the 'Conditional Placing Shares') have been placed by the Managers subject to shareholder approval at a meeting of shareholders of the Company (the 'General Meeting') which has been convened for 3 June 2008.




The Placing is conditional upon, inter alia, admission of the Placing Shares to trading on AIM. It is expected that admission of, and settlement for, both the Firm Placing Shares and the Conditional Placing Shares will be at 8.00 a.m. on 4 June 2008.




All the Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of no par value each in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

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