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NUS Nautilus Di

23.75
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nautilus Di LSE:NUS London Ordinary Share CA6390971043 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 23.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 23.75 GBX

Nautilus Minerals (NUS) Latest News

Real-Time news about Nautilus Di (London Stock Exchange): 0 recent articles

Nautilus Minerals (NUS) Discussions and Chat

Nautilus Minerals Forums and Chat

Date Time Title Posts
09/4/201909:47Nautilus Minerals Inc: 20,000 leagues under the Sea929
08/1/201313:22nautilus offshore mining - production in 201472

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Nautilus Minerals (NUS) Top Chat Posts

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Posted at 03/3/2019 13:14 by wstirrup
Just received a snippet of News regarding some New technology, to make finding Resources a quantum leap easier... and guess who is using that technology?

Yep... NUS (at least unless they have unloaded Solwara-1 to someone else?)

Shame, I don't have any, and no way to get some.
Posted at 23/12/2014 08:12 by zangdook
Nice to see the dispute with PNG is now old news and the cash has been received. Since, IIRC, that dispute is what triggered the dramatic share price collapse, I wonder when we can look forward to a bit more recovery than we've seen so far.
Posted at 17/6/2013 21:17 by zangdook
hxxp://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=588173

June 12, 2013
Nautilus Announces Closing of Rights Offering

Toronto Ontario, June 12, 2013 - Nautilus Minerals Inc. (TSX: NUS, OTCQX: NUSMF) (the "Company" or "Nautilus") announces that it has received gross proceeds of C$40 million before expenses as a result of the successful closing of its rights offering through the issuance of 200,000,000 common shares at a subscription price of C$0.20 per common share.

Under the rights offering, 125,485,507 common shares were issued under the initial subscription with 25,136,966 common shares issued under the additional subscription. In total 150,622,473 common shares were subscribed for under the rights offering representing over 75% of the total shares on offer.

Mr Mike Johnston, Nautilus' CEO commented "it is very encouraging to see such a high level of support for the Company from its existing shareholders."

As previously announced, one of the Company's major shareholders, MB Holding Company LLC, through a wholly owned subsidiary, agreed to act as a Standby Purchaser in respect of the rights offering and purchased the remaining 49,377,527 common shares that were not otherwise subscribed for under the offering, in consideration for a fee of C$2 million.

The net proceeds from the offering will be used by the Company to continue funding its three key contracts related to the Seafloor Production System. The key contracts include the build of the Seafloor Production Tools by Soil Machine Dynamics Ltd, the supply of the Subsea Slurry Lift Pump by GE Hydril and the procurement of the rigid riser system by General Marine Contractors LLC. The Company believes that continuing with these key contracts will ensure the Company is in the best possible position to advance the Solwara 1 Project following resolution of the dispute with the State of PNG. To that end, the Company continues to meet with senior representatives of the State, including National Executive Council Ministers, with a view to amicably resolving the dispute as soon as possible.

The total number of issued and outstanding shares of the Company is now 436,772,865.

MB Holding Company LLC, directly and through its subsidiary Mawarid Offshore Mining Ltd, now owns 28.00% of the Company's shares, Metalloinvest owns 20.75% and Anglo American holds 5.95%.
Posted at 16/4/2013 13:43 by zangdook
Rights details are out:



April 15, 2013
Nautilus files final Prospectus for fully backstopped C$40M Rights Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto Ontario, April 15, 2013 - Nautilus Minerals Inc. (TSX: NUS, OTCQX: NUSMF) (the "Company" or "Nautilus") has today filed a final short form prospectus in each province of Canada, other than Quebec, in respect of its previously announced fully backstopped rights offering to raise gross proceeds of C$40,000,000 through the issuance of rights to subscribe for an aggregate of 200,000,000 common shares at a subscription price of C$0.20 per common share. The offering is being made to all eligible existing shareholders, as disclosed in the final prospectus.

One of the Company's major shareholders, MB Holding Company LLC, through a wholly owned subsidiary, will act as Standby Purchaser in respect of the full offering by purchasing all of the common shares that are not otherwise subscribed for by eligible existing shareholders under the offering, subject to certain conditions as disclosed in the Standby Purchase Agreement, which has been filed on SEDAR, in consideration for a fee of C$2 million.

Nautilus' CEO, Mike Johnston, commented, "We felt it was important that all eligible existing shareholders were provided with an opportunity to participate in the current offering and we are very pleased with the demonstration of support from MB to ensure the offering is a complete success which will enable the Company to be in the best possible position to advance the Solwara 1 Project following resolution of the dispute with the State of PNG."

The net proceeds from the offering will be used by the Company to continue funding its three key contracts related to its Seafloor Production System, intended to be used at the Company's Solwara 1 Project.

The offering is being made to the holders of Nautilus' common shares of record at the close of business (Vancouver time) on April 25, 2013. The rights available under the offering will be eligible for exercise from May 1, 2013 until 2:00 p.m. (Vancouver time) on May 31, 2013.

The Company will issue one right for each outstanding common share. Each right will be exercisable to acquire 0.844335 common shares of the Company, upon payment of the subscription price. Fractional shares will not be issued. To illustrate: a holder of 1,000 shares as of the record date would, subject to the laws of their jurisdiction, be issued 1,000 rights, which would entitle him or her to subscribe for 844 shares for a price of C$168.80 (844x$0.20).

The prospectus and a rights certificate will be mailed to each shareholder of record on April 25, 2013, subject to applicable law. The rights will be posted for trading on TSX (on a "when issued" basis), and the Company's common shares will commence trading on TSX on an ex-rights basis on April 23, 2013, and will continue until 9:00 a.m. (Vancouver time) on May 31, 2013.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the Toronto Stock Exchange.
Posted at 13/1/2013 12:16 by makday
From iii

The term is "any and all" tender offer

which means, the aim is for MB to take as much control as possible from shareholders so that he can increase his voting right (and ultimately outsted the existing bod).

on the day the formal bid is submitted and files in exchange (NUS will issue RNS on this), broker who is working on behalf of MB will buy from any of us who wants to sell, at 69p (so expect share price to spike and stay at closer to 69p)


but of course, you dont have to sell if you dont want too, but those want to sell, will be able to do so at 69p. by doing this, MB will get as much share ownership and voting right as possible.

however, until MB files the formal bid, the share price wont go near 69p (hence why we are still trading sub 40p). AND, MM will be more than happy to buy these shares at very low price (they may even drop the ask/bid price to encourage more sellers so that they/MM can accumulate as much shares as possible). These MM will make easy money by accumulating now and sell later soon at 69p.

Not sure within how many days formal bid must be submitted to the securities exchange but I would have thought within 7-10 days by canadian law.

and yes, MB published his intention of takeover in press first before sending the offer to NUS as this is what its called "hostile" takeover. though now he changed it for a better - "any and all" tender offer which means his broker will start buying shares in the market at premium 69p as soon as formal bid is filed, without requiring majority approval from existing shareholder of NUS for takeover.

and yes, this will be under investigation by canada securities exchange should MB attempted to benefits from this takeover press, and after numerous press releases, I am pretty sure this is as genuine as its get.

another thing is, MB is also watching the price reaction to his press release. He wont be able to reduce the offer price but he CAN increase the offer price (as he evidently just did) if he feels that this will get him the best chance of securing much more share ownership. so, dont be surprised if when he filed his formal bid next week hopefully, the price will be even higher. so minimum at this stage will be 69p
Posted at 13/1/2013 11:43 by getting started
No one will buy into this for the offer as the person making the offer is unreliable and can't be trusted so its a huge risk to buy into these without doing research into the company rather than just for the offer. However, if you research you may well agree that this is worth buying here for the future prospect of share price gains without this offer going ahead. There may be a few that will be happy to buy at 40 to sell at 50 or 60p you will find that not all holders would be quite so willing to give their shares away for miserable 69p so the chances are nothing will happen with this offer anyway.

Best to do some research and if your happy to hold throughout the year then offer or no offer I think there is huge potential here. What could happen if you buy just incase the offer may be genuine is a spike up in the share price then a huge drop once it falls through, this will see many panic and sell at a loss. The mms will be rubbing their hands as they will pick up all the cheap stock and then mark up the price again as the have been doing for the last few days. If your buying for a quick profit here then with the spread above 10% you need to be careful as that spread has increased to 20% at times and this can be a difficult share to not only buy but sell too...
Posted at 09/1/2013 16:33 by topinfo
Found another article NUS which looks a hell of alot more positive than that one posted earlier. It seems genuine to me. Take a look.


Financial Press: Trader launches bold takeover of Nautilus Minerals
2 hrs 17 mins ago

A daring bid is currently underway to all outstanding shares of common stock of Nautilus Minerals Ltd., a seafloor gold and copper exploration company. Ottawa based trader Michael Bailey announced the commencement of a tender offer for 97 cents CAD per share, net to the seller in cash. Nautilus' current share price is 58 cents.

"I like Nautilus Minerals because the company is asset rich with a low share price," Bailey said. "They also have some of the highest grade gold deposits on earth. When this underwater mine goes into production it will change the industry."

Nautilus explores the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver. The company is developing a production system using existing technologies adapted from the offshore oil and gas industry to enable the extraction of these high grade Seafloor Massive Sulphide (SMS) systems on a commercial scale.

Nautilus also holds more than 500,000 km2 of highly prospective exploration acreage in the western Pacific; in Papua New Guinea, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.

Under the terms of the tender offer, the family company controlled by Michael Bailey will commence a hostile all cash bid to purchase all the outstanding shares of Nautilus for an aggregate purchase price of $237.99 million CAD. This represents a staggering 209 per cent premium to the previous day closing price of Nautilus' stock.

"This was no sudden hostile takeover, I have been watching the company for some years now," said Bailey.

"I met the management at the PDAC a few years back and was impressed by the plan. After the company's most recent struggles with the government of Papua New Guinea became public, I seized the opportunity."

Nautilus owns the world's first seafloor copper and gold project, Solwara 1, which is under development in Papua New Guinea.

The company suspended work on the seafloor mining project in the region last November, due to a year-long dispute with the Papua New Guinea government over the cost of developing the project.

The issue is centred on the government's equity stake in the project, and the state has been trying to wangle its way out of whatever commitment it might have made to purchase equity in the project and take a share of the development costs.

The recent developments in the mining jurisdiction have not distracted Bailey in his takeover bid.

"Political risk is always a concern; however my goal would be to put less financial pressure on the government by offering royalties not tied to an investment and other strategies that would be a net benefit to the small country when the mine is fully operational," he said.

The tender offer is scheduled to expire at on March 1, 2013, unless the tender offer is extended; however, it is not expected to take that long.

"I will find out Monday of next week," Bailey said. "I am very confident as we have made a fair offer considering the company's current status."

Gannibal Securities has been engaged to act as advisor in this transaction and will negotiate lock up agreements with major Nautilus Minerals shareholders: Metalloinvest (21 per cent), Anglo American (11.1 per cent), MB Resources(16.9 per cent) and Teck Resources(4.5 per cent). The law offices of Faskin Martineau a national law firm will represent Bailey in this transaction.

Bailey currently owns a minority stake in Nautilus, and is now making a hostile bid to acquire 100 per cent of the outstanding company stock with the intention of taking the company private to finance and execute the underwater mining business plan.

If his takeover is successful, Bailey plans to immediately restart the building of the seafloor production system.

Nautilus was granted a mining lease by the State of Papua New Guinea in January 2011, and the company went on to state in August that the project is not a recent development.

The project equipment build at the end of June was approximately 51 per cent complete.

Stephen Rogers, Nautilus CEO, issued a statement at the time saying that Nautilus was in talks with potential partners to sell a stake in the project, and that Nautilus may sell shares to help raise $100 million if it could not find a partner.

Nautilus is in the process of finalizing details of the vessel financing, and securing a resolution to the current dispute with the Papua New Guinea government. Nautilus is still pursuing its efforts on both these matters.

Nautilus has previously stated it may need to rely on the equity markets for future financing of its development of the project in Papua New Guinea, or alternate financing in the form of joint ventures.

Michael Bailey, an experienced investor and resident of Canada is an algorithmic trader and formerly a member of the Band of Scoundrels, an elite group of high frequency proprietary traders that successfully shorted Citigroup and profited over $130 million in October 2008.

"This year will be a banner year for gold exploration as we have reached a critical point in history," Bailey said. "I am confident that exploration firms will see massive inflows of capital as gold prices continue to rise."


Gannibal Securities
Michael Bailey
info@gannibalsecurities.com
(613) 698-7590
Posted at 09/1/2013 11:28 by topinfo
Getting started share price at NUS is low coz peeps dont quite believe its genuine but that article you just posted suggested it is very genuine which means there is 25p upside + at NUS to be made when it comes formal. Im in for the gamble but dont think its that risky really when you know what NUS should be worth anyway!

Ta
Posted at 09/1/2013 08:23 by topinfo
NUS good post i,i,i describes the value here.

Tue 17:59
61p? Really?

bonobo77
4UP

Nautilus Minerals

SP: 40p
Market Cap: £95m
Cash: $91m (Sep 2012) = £57.5m = 24p/share

Who is going to accept 61p per share?
Any of the below?

Nov 2008 – Anglo American moved 5.7% to 11.1% (current holding) by purchasing 8.95m shares at 87p/share.

Jan 2009 – Issue 0.55m share options at 63p/share

Aug 2010 – Issue 0.9m options as 'full remuneration' to NEDs at 146p/share

Sep 2010 – Issues 0.4m options to NED at 146p/share

May/June 2011 – Withdraws public offering due to 'adverse' market conditions.
They described the raising - priced at a weighted average of approx. 139p-172p – as 'not in the best interests of shareholders'.

Sep 2011 - Issues 39m shares in placement at 159p/share
Metalloinvest spent US$20m on these 159p shares to preserve their 21% holding.

Sep 2012 – Issues 37.7m shares in placement at 57p/share

Oct 2012 – Issues 1.1m options/loan shares at 57p/share

Oct 2012 - Issues 4m options/loan shares at 64p/share


This 'hostile' bid has been launched in a strange manner and has yet to be directly communicated to the company. The company has invited the bid to be formalized before they will 'consider' it. There will be volatility and uncertainty until this happens. The bidder has a little over 50 days to persuade all those holding at the above prices to cash in their chips for 61p/share. And they'll have to persuade some pretty big hitters (Anglo and Metallo are awash with cash and could take this company out without batting an eyelid, the guy that owns Metalloinvest is worth £12.3bn – ).
Posted at 26/7/2010 08:50 by dcomd99
andrbea,

Although I sold a few when the share price was above 160p, I kept most of my shares because I thought it was possible that the Chinese could offer to be a partner with NUS. It will be interesting to see where NUS share price settles. This will be the time to buy back I suspect.
Nautilus Minerals share price data is direct from the London Stock Exchange

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