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Polo Resources Limited

05:00 on 17/11/2017

Current Price 3.50p | Bid 3.36p | Ask 4.00p | Change 0.00%

Company Overview

Polo Resources Limited was incorporated and registered in the British Virgin Islands ('BVI') on 23 May 2007 for the purpose of making investments and/or acquisitions in the natural resources sector. The directors are combining their contacts and experience to seek opportunities in the sector which may include exploration, development or production projects in minerals, base metals, precious metals or hydrocarbons. As at the date of this Document the main country of operation for the Company is the British Virgin Islands. Polo will primarily focus, as an active investor, on investment and acquisition opportunities in Australia, Africa, North America, South America, Asia (including the Indian sub continent), Eastern and Western Europe. The Company's interest in a proposed investment and/or acquisition may range from a minority position to full ownership. The proposed investments may be either quoted or unquoted and may be in companies, partnerships, earn-in joint ventures, debt or other loan structures, joint ventures or direct interests in natural resources projects. The Directors may decide that the Company should invest in early stage exploration assets where some exploration or development expenditure has already been made although they intend to make investments which are in the development and /or production stages. The Directors intend to actively monitor any investments and/or acquisitions made by the Company. Polo's strategy is to acquire holdings in natural resources companies and/or assets which the Directors believe are undervalued and where such a transaction has the potential to create value for Shareholders. Polo is seeking to acquire interests in natural resources projects such as (without limit) exploration permits and licenses, renewable energy processing plants, coal mines or oil and gas fields, which may be achieved through acquisitions, partnerships or joint venture arrangements. Such investments may result in Polo acquiring the whole or part of a company or project. Polo's investments may take the form of equity, joint venture debt, convertible instruments, licence rights, or other financial instruments as the Directors deem appropriate. The Directors believe that their broad collective experience in the areas of acquisitions, accounting, corporate and financial management together with the opinion of consultant experts in the evaluation and exploitation of natural resources projects, who will assist them in the identification and evaluation of suitable opportunities, will enable the Company to achieve its objectives. Internationally recognised competent persons will be commissioned to prepare reports on the projects being considered by the Company, where the directors consider it necessary.

Stock Details

ISIN VGG6844A1158
Shares in Issue 301,956,793
Market cap £ 18.87m
Sector Financial Services

Financial Highlights Year Ended 30/06/2014

Turnover $0.00 million
Operating Profit $-29.73 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.28
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Key Personnel

Ian M. Burns Finance Director

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Price Summary

Mid Price ? 0.00p
Bid Price ? 3.36p
Ask Price ? 4.00p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 3.68p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 7.00p
52 Week Low 1.75p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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