There was speculation previously that Signet's 45% stake in their Namibian licence could make it worth as much as £200m !
Even if you halve that and halve it again GBP's 85% stake could be multiples of the current price.
Jazz T - 15 May 2013 09:33 - 3 of 9
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.
GBP Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
