New thread, as epic code has changed, thanks George...

Might qualify for an Isa...as dual listed...

Termination of talks with CDN and a purchase of up to 11m shares in that co @ 30p has lifted POL.
2517

From 2nd July 2010
'Polo Resources Limited (AIM and TSX: POL) is pleased to announce that it is continuing its efforts to sell its shareholding in one of its portfolio assets. Subject to receipt of any shareholder approval which may be necessary for any such sale, completion of the sale and receipt of cash proceeds of sale, the board of Polo intends to utilise part of the proceeds of sale to fund a special dividend to shareholders of 3p per share.'
2517

Noticed that EK has bought these...a bit late I would have thought...take out the Extract deal and what have you left ?....on ex divi day this could drop by more than the dividend : perhaps as much as 4p...and who wants to be in then.....the time to buy was a few weeks ago....(not in by the way)...

Don't forget the 29% holding in GCM where the Philbara project could be given the green light in the very near future,plus the 26% stake in CDN who are currently in takeover talks.

There's still plenty of upside even after the special divi has been paid out!

But the drop could be 4p....

Any chance of a wee chart in the header please, rf?

What should I make of a 3p special Div - I must be missing the point. Has anyone an explanation please

Dunno, sorry - but I saw Directors buying stock 150k (wow!)...and just recently sp has dropped off a cliff...very odd. anyone investing here know the background? Is it this special dividend, perhaps that Oakapples142 mentioned?
Thanks in advance.

Yes hangon, POL have gone ex div (3p) so the sp has dropped to take account of that.
2517

Thanks - I "think" I understand - If I receive well over 1k Div for taking a punt and showing an overall 25% profit then it might need further explanation !!!

Is this a good time to invest then in this company while they are at 3.50p ? or say well away any advice please?
Regards
J

Directors have been big buyers recently and there is a big activist investor Weiss who piled in a few weeks ago, at end of august the special dividend of 3p will hav been paid to investors, it will be interesting to see how much of the dividend is reinvested buying Polo shares, also the company announced plans for buy back, so that should support the share price from falling. This company owns a big chunck of Caledon a coal producer from Australian and 30% of GCM potentially a huge coal resourse in Bangladesh. The directors are also looking for new investments. Finally there is a big difference in NAV to share price.
For my money the share price will increase in value from here, I am long term investor.
Regards

The takeover of Caledon Res should be excepted by the end of 2010.Which should bring the price up to 7.22p which is the value from the take over.

A 25m buy went through just before the close hope they know what they are doing.

ULB

noted the large purchase last night,Im in for the long haul,as with oxus(OXS) and ortec (OTC) its been a hard grind this past year but otc has been a little ray of sunshine,

Just a matter of days now and we should have completion of the takeover of CDN....

long time since the last post but just look at the chart .........

KEEP an EYE

on the up with volume today AFTER THE LAST RETRACEMENT, at this rate of rising is looking for a BREAKOUT today

just found out is on the IC ......

Investors Chronicle
* Buy: Imperial Tobacco, Greene King,

* Sell: Asos, Hikma,

* Bargain shares of 2011: Randall & Quilter:
Polo Resources, Ambrian Capital, Terrace Hill, First Property Group,
Shore Capital, Victoria, PV Crystalox Solar, Nobel Investments,
Pilat Global Media

GOING PLACES NOW ON LARGE VOLUME

as our friend gibby would say kerchiiiiiiiiiiiiiiiiiiiiiiinnnnggggggggggg.

continuing with this morning rise and breaking with ease the 5.50p that was a bit of resistance on the chart

Although not expecting a leap of pole vault dimensions,this little hop although heart warming is of the height that even I with my gereatric knees could produce.

have bought 300.000 of these today on paper tip . something i have never done before

not for the widows and orphans, Tanker. if the CDn t/o collapses so will the SP.
Good luck favours the brave but this scaredy cat is sat on his hands.
bon chance
Alex

it is only 17k not to much to lose

Scaredy cat has got off his hands and is in, especially as this is ISAable all be it only a small amount so far. In at 5.67p.

GLA

Alex

having now had a good look at them i am buying more it is a good bet .

Large purchases by directors over the last two days.

It may break recent volume record today. 7M so far.

director is buying while the price improves.
Latest buy was above 5.7p, over 3.4% now

any news on this baby as very quiet on this BB?

Alex

It is quiet. Just so you know, the CDN takeover is nailed at 112p, 1p per share of the proceeds will be distributed by POL as a special divi, qualifying date yet to be set but probably sometime in August. And the 10% share buyback that's been going on for the last year is also due to be completed in August. DYOR from there but don't sell.

Dividend 2p this year, share price is 5p. WHY so cheap?

Polo to increase special dividend to 2p per share
upon completion of disposal of interest in Caledon Resources Plc


The Board of Directors of Polo Resources Limited (AIM and TSX: POL) is pleased to announce that it has resolved to increase its proposed 2011 special dividend from 1p to 2p per share (gross), upon the completion of the disposal of its interest in Caledon Resources plc ("Caledon"), previously announced on 23 June 2011.

Neil Herbert, Executive Co-Chairman and Managing Director of Polo said:

"We are delighted to announce the doubling of our proposed special dividend payment to 2p per share as part of our commitment to return value to our shareholders. This follows a special dividend of 3p per share in 2010 following the disposal of Polo's interest in Extract Resources Limited. These successful investments demonstrate management's ability to identify growth opportunities and convert these into realised financial gains for shareholders.

"Our ethos is to invest in projects where we can add value, irrespective of geographic location or commodity focus. We are in the enviable position of having enough cash to build on our current portfolio of investments and are actively reviewing attractive new investment opportunities both in mining, oil and gas."

Why the share price is so low?

40% dividend a year is great.

According to the results today, this company has combined asset and cash around 10p, IMO. Anyone disagree?

bought some this morning before the sp started rising...so far-so good! anyone else in ?

Nice ex-dividend date today.....drop is a little less than the divi.....great....they seem to look after shareholders....

This little baby is stirring again up 9% Today.

3p^ i stockpiled a few@2.5p speculation as ever is rife.

Not in this one, could be interesting.

Trade 40% below market value of listed investments and cash. Up 8.5% Friday.

Long-term bargain for patient investors.

Consolidation Feb 2013 - 1:10 - oh deary, that's not a good sign, is it?

You still in these TANK?

7 Feb 2013. - Don't get excited, this is CONsolidation.... 1:10 . . . (DYOR)

...now watch the sp slide, as folks think they've made a profit...

They will have to buy back nine times they held yesterday within the next ten days, AND!!!!

That "Stockpiled some at 2.5p ..." ( was prior to 10:1 CONsolidation),,,maybe means he paid 25p.... which was about right in those distant days ( see charts ).....
However, the lustre is off for Miners generally; so the current 3p4 is also "About-right" some may say....representing a firm member of the 90% club.
Oh dear . . . . is there any good news for profits after this 5-year wait?
EDIT (24Aug2018)- note too, the last time a Director bought was 2012. Ooops!
EDIT (7Feb2019)- New discovery spiked sp to 4p8 (from 4p), -for how long? Note Consolidation effects also.