Nautilus Minerals Share Discussion Threads

[rapier686] 09/1/2013 10:01

Probably down because the tender lacks credibility.
Former posts have pointed us to Vaaldiam, whose very similar tender offer was off the table a fortnight later.

[christianf12] 09/1/2013 10:01

mm's looking for cheap stock. Expecting an offer rns today at some point.

[topinfo] 09/1/2013 08:23

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 – ).

[246812] 09/1/2013 08:23

GLAD I SHORTED THIS.
THANKS RAMPING MORONS.
JUST REMEMBER THEY DID SAY!!!!!!

[nikesh] 08/1/2013 20:58

Research:
I sold this morning based on the research on Gannibal securities: its website launched late 2012, no contact details to be found.Does not seem like a legit company.

Michael Bailey-found this news:
a)

Similar situation here.

[meathed] 08/1/2013 16:09

dishonest thicko p&d artist Topinfo has been taken in by a bigger p&d artist. what a surprise. not.

[topinfo] 08/1/2013 15:59

lol meathead. Very apt name

[topinfo] 08/1/2013 15:56

NUS well if it gets announced formally tonight in Canada you wont be getting in under 40p 2moro so Im hanging around on this one. The story has just begun and could flush out all sorts of bids.

[doji star] 08/1/2013 13:22

some interesting posts on stockhouse today.



apparently the same happened with Bailey at Vaaldiam mining back in 2010 (check the Vaaldiam website)

....interesting to see where it opens in Canada anyway.

[varies] 08/1/2013 11:54

Today's response by NUS gives the biggest shareholders as Metallinvest (Russian) 21%, Anglo-American 11% and MB Holdings (Gulf) 17%. I took my data (see 69)from the RNS service which must be out of date.
Lots traded on AIM seem to be mostly under 5,000 and I don't suppose Mr. Bailey will be buying shares over here until has hoovered up a fair number in Canada. If, however, he is really standing in the market there taking all shares proffered at Can$0.90, then there is scope for some arbitrage which should push the price up on AIM.

[doji star] 08/1/2013 09:54

I guess it's unlikely they'll see it as a great deal, given what they paid for their shares only a few months ago.

[varies] 08/1/2013 09:04

PS.
Big holders seem to be :
Epion 22%, M.Hammond 14%, Anglo-American 7% and Teck Cominco 7%. So they have 50% between them.
Mr. Bailey needs to get either Epion or Hammond on board to succeed, if not both of them.

[varies] 08/1/2013 08:51

This is very welcome news; I was thinking of bailing out at 25p to establish a tax loss of 100p per share.
I believe that most of the capital is controlled by a few large shareholders and wonder if Mr.Bailey will persevere once he reaches, say, 10%. I must look at the figures.

[doji star] 08/1/2013 08:26

can't really buy any now (at least online)

I'll have to stick with what I've got

[empirestate] 08/1/2013 08:09

oh what a beautiful morning

[doji star] 08/1/2013 08:07

can't believe they let people buy at 40p this morning

Michael Bailey and his family office solely controlled by him announced today the commencement of a tender offer for all outstanding shares of common stock of Nautilus Minerals Ltd. CA:NUS +24.73% for $0.97 per share, net to the seller in cash.

Under the terms of the tender offer, the family office controlled solely by Michael Bailey will commence a hostile all cash bid to purchase all the outstanding shares of Nautilus Minerals Ltd. for $0.97 CAD per share for an aggregate purchase price of $237.99 million CAD. This represents a 209% premium to the previous day closing price of Nautilus' stock.

[doji star] 07/1/2013 20:46

trading halt in Canada

Ottawa Trader Makes Hostile Takeover Bid For Nautilus Minerals...60p a share