Nautilus Minerals Share Discussion Threads

[jammytass] 06/10/2012 13:57

good news on way !

[kalkulacka] 01/10/2012 13:03

Dispute with PNG government is outstanding.
Vessel financing is waiting for resolution.

The recent placing was at 57p (C$0.90), so I would expect the share price to hover at this level until further news.

[excellance] 18/9/2012 15:59

wow, impressive stuff!

[jammytass] 18/9/2012 15:58

major update out

[sithuk] 16/8/2012 19:24

Shouldn't a government sign-off be announced in an RNS instead of through newspapers?

[andrbea] 16/8/2012 10:22

and this from the 10th of August

[andrbea] 16/8/2012 10:19

so that's why nus is going up of late?

[zangdook] 06/8/2012 20:57

And from that article,

[outsizeclothes.com] 06/6/2012 12:25

Delays to everything, and perhaps several officials and/or politicians waiting on brown envelopes. Welcome to Papuastan !

[varies] 06/6/2012 12:07

The conduct of the PNG government is very trying.
There seems to be an ever increasing reluctance on the part of many governments to honour arrangements made with foreign resource companies.
Besides the example of CHL in Indonesia, I can think at once of White Energy, an Australian company whose coalfield there is under threat. I think also of Rurelec in Bolivia whose power station was taken from them 2 years ago and the recent confiscation by the Argentines of Repsol's interests. There must be many other instances.
If this trend continues, then the price of raw materials must rise and this would certainly have an unhappy effect of manufacturers.
NUS is certainly in an awkward spot having, I believe, signed a big contract with Technip for the development of its project.

[zangdook] 06/6/2012 09:05

Nah. If CHL loses it has nothing. NUS still has a bunch of stuff.

(I no longer have an interest here)

[acta_topup] 06/6/2012 08:52

it IS CHL all over again, nothing shakes investor confidence like something like this

[zangdook] 01/6/2012 16:34

I don't think it's quite that bad - perhaps the govt want their 30% for free, but not 100% like with CHL (surely?)

[back4gain4again] 10/5/2012 16:36

Holders might like to note the recent increase in employment offers on the website. Says more about timing than anything else.

[mad jack mcmad] 08/5/2012 14:33

Paradoxically, this is the only one of my mining shares not under water at the moment...

[excellance] 30/4/2012 16:19

maybe, but the chart is trending down...

[trasenster] 30/4/2012 11:13

positive article in commodity section of today's daily Telegraph business section.

[andrbea] 03/4/2012 09:26

nus

In the gold sector, there are a few disruptive opportunities I'm looking for:

A firm that focuses on panning, and coordinating panning operations. Using the Internet to build and coordinate panning projects into a larger production opportunity meets the hallmarks of disruption, in that it utilizes new processes and has the potential to sell to new customers. I don't know of any, but it's something I'm hunting for.
Going to places that haven't been explored before -- such as the polar ice caps, outer space, and the ocean floor. To benefit from these new frontiers, new technologies will be needed.
And so when Nautilus Minerals (NUSMF.PK), a firm planning to mine deep in the sea, crossed my radar, I immediately jumped: this has the feel of a disruptive opportunity.

Nautilus will begin production on its Solwara Project, an effort to mine the ocean floor off Papua New Guinea, for gold and copper (along with some zinc and silver), next year (see the fact sheet [pdf] for a more detailed look). The company has got all the necessary permits. It has some pretty impressive robotics technology, as well as a management team with the unique skill set needed to mine the ocean floor. Here is a video presentation from management. Company leaders clearly understand they are at the forefront of something new, and thus they need to be careful and humble and aware that much learning will be required to successfully pull this off.

Nautilus is well-financed, with over $112 million in current assets and no long-term debt. I don't doubt that this is going to be a very expensive operation, and one that may require a few failures before the company gets it right. Nautilus currently has a market cap of $458 million, and a book value of $246 million. For opportunities like Nautilus, which I regard as especially high risk/high reward, I prefer to see a price/book ratio under 2 at the current time in the mining sector. So long as the market cap remains under $500 million, I think the stock is sufficiently priced for buyers. With that said, it should be noted that Nautilus has jumped pretty sharply of late; over the past week, it's up over 16%.

There's still a lot of risk with this company -- who knows what the final cost per ounce is going to be and how long it's going to take, assuming it can get production going at all. But the first mover advantage here is enormous; if Nautilus gets going and inspires others, it will likely take new entrants a while to get the technology going and operations running smoothly, while Nautilus will be in a position to expand to elsewhere in the massive oceans. Gold discoveries through conventional mining operations are declining, and the price of gold is rising -- so exploring the "out there" ideas like mining the ocean floor, the arctic regions, or the moon are becoming more feasible.

Personally I like this company and have added it to my watch list. I do want to see a price pullback from its recent rise before entering; I wish I had gotten in earlier, of course, although I'm not interested in chasing and so will acquire after a pullback at some point. I view this stock as an investment with great long-term potential if it's disruptive opportunity can be fully realized. Such opportunities are exceedingly rare, and I think they must be acted upon when they present themselves; as far as I'm concerned, it's the best and most lucrative part of single stock investing.

[eaglebeagle] 31/1/2012 13:39

I agree with that sentiment excellance..v.v. exciting although somewhat of a risk!