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Polo Resources Limited - Net Asset Valuation05.07.2012 | 16:08 Uhr | CNW
TORONTO, July 5, 2012 /CNW/ - Objective: To deliver value-adding returns to investors through a globally focused natural resources and mine development strategy. Polo Resources Limited ("Polo Resources" or "the company") selects, acquires and manages substantial investments in companies and projects with strong value enhancement potential and attractive growth prospects. Listing: Polo Resources Limited is traded on the AIM market of the London Stock Exchange and the Toronto Stock Exchange (TSX) under the trading symbol POL. Net Asset Valuation, as at 30 June 2012
COMMENT Overview: Polo Resources' NAV decreased slightly during Q2 2012. The NAV closed at 3.90 pence per share on 30 June 2012 compared to 4.16 pence per share on 23 March 2011. Highlights of activity during the last three months:
Recent investments in gold and oil & gas have the potential to significantly enhance the NAV in the medium term even if the recent global downward trend in commodities markets has impacted Polo's NAV performance particularly in respect of coal and iron ore investments. Outlook: Polo Resources expects to deliver NAV growth over the medium term. Management continues to assess its investment portfolio and takes a cautious approach to new investments in the current market environment. Other information: Director share dealings: Share acquisitions were reported on both 2 April 2012 and 25 June 2012 (www.poloresources.com) The Investment Companies Team at Investec initiated research coverage on 13 June 2012. Contact Henry Freeman tel: +44 (0) 20 7597 5118 Shares in Issue:
Financial Calendar Board Joint Brokers Liberum Capital Important Information This document is issued by Polo Resources. The information contained in this document is not intended to and does not constitute an offer, solicitation, inducement, invitation or commitment to purchase, subscribe to, provide or sell any securities, service or product or to provide any recommendations which should be relied upon for financial, securities, investment or other advice or to take any decision based on such information. Individual advice should be sought from legal, financial, personal and other advisors before making any investment or financial decision or purchasing any financial, securities or investment-related service or product. About the Company Polo Resources is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For complete details on Polo Resources refer to: www.poloresources.com. CAUTIONARY STATEMENT The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of Polo Resources Limited. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Polo Resources Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. The Company's exploration and investment activities may also be affected by a number of risks, including legal, political, environmental, economic, financing, permitting, commodity, exploration and development and other market risks which are normal to the industry and referenced in greater detail in the Company's 2011 Annual Report for the period ending June 30, 2011, filed on the Company's profile on www.sedar.com.
SOURCE Polo Resources Limited
Polo Resources Limited Blythe Weigh Communications Registered Number: 1406187 Polo Resources Limited is incorporated in the British Virgin Islands. Unternehmen dieses Artikels: Evolution Mining Ltd., Dieser Artikel stammt von Rohstoff-Welt.de
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