Polo Resources Limited is a globally focused natural resources and mine development investment company. We select, acquire and manage substantial investments in companies and projects with strong value enhancement potential and attractive growth prospects, and utilise this ability to deliver value-adding returns.

The experienced management team that guides our strategic decisions specialises in the identification of under-valued investment opportunities – both listed and unlisted – that are either at an early stage in their operational development or have latent value that has yet to be realised.

Investment targets primarily fit into the category of companies with producing assets and/or reserves and resources that have been verified using internationally recognised reporting standards (such as NI 43-101).

Well financed, strategically experienced and backed by a core portfolio in the gold, oil & gas, coal and iron ore sectors – large-scale investments include Nimini Holdings Limited (90%), Signet Petroleum Limited (48.21%), Regalis Petroleum Limited (8.32%), Equus Petroleum plc (1.95%), GCM Resources plc (29.8%) and Ironstone Resources Limited (15.7%) – Polo Resources is well poised to continue its development, to build upon its recent performance and to make further timely investments in a selection of value-adding natural resource opportunities.

From Today,s Daily Mail



Polo Resources jumped 2.5p to 26.75p after Michael Tang became chairman and Mettiz Capital, a Malaysian investment group controlled by him, has become the company’s largest shareholder by acquiring a wad of shares at 40p a pop.

Dealers also say its 48.21 per cent stake in Signet Petroleum could be worth around £200m and it is possible that the company could eventually be floated in Singapore, giving Polo a windfall.

More on proactive investors today


Polo Resources (LON:POL) corporate shake-up is expected to continue in the coming weeks and months as the focus switches from the boardroom to the asset portfolio.

Investors have been quick to speculate on future shape of Polo following Tuesday’s unveiling of Malaysian entrepreneur Michael Tang as the AIM-quoted resource investor’s new managing director, co-chairman and major shareholder.

Via his Mettiz Capital vehicle, Tang bought 31.7mln shares at a premium price of 40p each (Polo shares closed at 24.25p on Monday). He bought the stock from co-chair Stephen Dattels, giving Tang an additional 11.77% of the company and taking his total holding to 14.55%.

Tang told Polo investorsand partners the company is at a turning point.

Indeed, it is understood that the Malaysian entrepreneur will bring fresh impetus to the group and move key assets forward, leveraging his business connections in Asia.

“The oil and gold assets will be spun out or sold, hopefully sooner rather than later,” he revealed.

“Signet Petroleum has a particularly high quality portfolio of African offshore projects.

“The geology on the Namibian licence 2918B is the best I have seen and the Tanzanian Mnazi Bay North licence is in an established basin already undergoing significant development.

“Drilling results from the Komahun gold project in Sierra Leone are consistently showing high grades and there is excellent exploration potential over the wider licence area.

"I intend to advance both of these investments strategically in 2013.”

For Polo’s 48.21% owned Signet Petroleum, an Asian IPO is under review.

It is expected that the float would bring in new capital and draw closer attention on to the firm’s African oil exploration story.

It could also have the potential to deliver cash back to Polo investors on AIM.

Polo has previously returned $185 million in dividends to shareholders on asset disposals in the last three years.

Nimini Holdings, Polo’s 90% owned gold firm, which owns Komahun, could also find a home in Singapore.

Tang has a record of success with companies listed on the Singapore Stock Exchange.

It is also suggested that potential acquirers may be interested.

First, however, any possible buyer will want to see the pending resource estimate and economic assessment for Nimini’s flagship asset the Komahun gold project, in Sierra Leone.

The resource numbers are due in a matter of weeks, while the subsequent assessment will be ready a few months after that.

Much of the future plan for Nimini will depend on the findings, Tang explained.

Tang has also expressed an ambition to help Polo’s 29.77% owned GCM Resources (LON:GCM) break the permitting impasse over the Phulbari coal deposit, in Bangladesh.

The businessman believes he can work with the Bangladesh authorities to achieve a favourable outcome for everyone.

Although, at present, GCM is just small part of the Polo equation – about 5% of the portfolio that Tang has bought into - a quick glance at GCM’s historic share price chart points to the scale of upgrade that a ‘favourable outcome’ might create.

The 50% rise in GCM shares to 27p in the past two days shows the potential is not lost on investors.

Just over two years ago the share was worth over 200p and long ago, before permitting was an issue, they changed hands around the 1,000p mark.

Solving the GCM problem is one of Tang’s early priorities. Though it is expected that his time, in the short term, will be equally split between GCM and advancing Nimini and Signet to a float or asset sales.

In the meantime, Polo continues to monitor opportunities for new acquisitions and investments of its own. And it is likely the Mettiz, Tang and his associates would play a part of funding such deals.

In IC this week - Unloved , but significantly undervalued.

They have a fair value of 35p. The unwarranted share price weakness could be used as a buying opportunity.

Ic tip

Simon T of IC today

Polo's shares continue to rate a buy and my fair value estimate remains 35p.

Asset value is on the rise.

Still the same today -


Simon T of IC today

Polo's shares continue to rate a buy and my fair value estimate remains 35p.

Oddly Simon has said SELL - but I cannot find the article where he describes "Why" - anyone like to précis?

/

Well, as I look at the sp graph, it was 58p peak in 2011, more recently 25p-ish sometime 2013 and now in mid-Nov 2014, it's 9.04 pence.
Close-on joining the 90% Club . . . . Oh deary.

Somewhat lower now, than it was not that long ago . . . I suspect their story then was far more buoyant.
EDIT (4April2015)- sp 5.5p is looking a tad trashy - any thoughts....can this drastic fall be entirely "Mining-Stocks"? - or is there something I should know???
The NAV is a healthy 27p/share they claim . . . so why don't Dirs B-B-Buy?
EDIT (14July2015)= I see last month the Dirs tried to eliminate their Canadian Reporting ( or was that another word for Listing?) - maybe it will Lon. delist later . . . seems to me the Dirs have wrung all the value out and despite claiming the NAV is many times the sp.... the Market doesn't believe them. sp~ 4.4 pence
EDIT ( 16Dec2015)-"POL invests 2million in Hibuscus Oil-DYOR" - seems H has interests in N.Sea and elsewhere...So, when a Co. is making no progress, invest any spare cash in another company that has grabbed the headlines ( For which read hype, if the former owners of the plots weren't interested, how come H has great expectations..? )
No I don't get it - why is POL an investment co - or were they that all along and I've been wooled? sp about 2.8p up slightly on this News.
EDIT (21Dec2015)-up 52% on good results ( See RNS )....now 3.08p mid.
EDIT (14Sept2016)-RNS suggests oversubscribed Blackman Placing is good, POL is down 4% ( currently 6.3p ), so that's better than 3.08. Does this investment's success imply their mining may be profitable...( As I understand Blackman is owned by POL.)....anyone explain, pse.?
EDIT (17Dec2016) - down again on no-news, but 1month ago I read RNS which referred to a deal with Chinese co- not really an Open-Market announcement is it?, since the wording can be manipulated at any time. An RNS should be complete, IMHO. Surely someone at Polo knows what has been agreed, even if fine-detail is too wordy....
EDIT (18Oct2017)- Looks like it may delist from AIM, as their Adviser has been "Struck orf" the LSE....Oh dear. Maybe this points to a badly-run Company [POL] as well? They do need to get real mining...and sell Metal, ASAP.
EDIT94Dec2017)- Waiting for "anyone" to review POL involvement in winning some Arbitration over Phosphate(?)-a stock transfer by ANOther... sp up 10% to 3p4 -ish