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

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.