Nautilus Minerals Share Discussion Threads

[sapper2476] 10/1/2013 13:08

Not allowed to by more than 1000.. oh well...

[nash81] 10/1/2013 13:07

OFFER looks genuine though i prefer counter offer at 100p plus!!

[topinfo] 10/1/2013 13:06

TDW now want 40p just 5k and offer is 38 news coming IMO!

[topinfo] 10/1/2013 12:52

Something happening NUS IMO. Formal offer coming in???????????? Look at buys


61p Guys, the stock is no-where near 61p. I could understand people being sceptic at 55p as not much upside risk/reward but here there is 26p+ upside. It might even flush out other bidders who knows!

[topinfo] 10/1/2013 12:44

2 Chunky buys just now, Bid officially coming????

[makday] 10/1/2013 12:34

So whose telling the truth!!!

[doji star] 10/1/2013 10:48

.......but

Subsea boss raises red flag over Nautilus

[doji star] 10/1/2013 10:15

it is starting to look more positive than I initially thought.

Just the fact that he does exist and is talking to press is a pretty good start.
I doubt he would even answer the phone if it was all made up.

anyway.....theres much more interest in Canada than over here, so we'll probably see more when it opens over there.

[topinfo] 10/1/2013 09:32

I cant believe NUS is still under 40p, news is defo spreading on the net and it looks more and more likely its a genuine bid, so this really could be easy money here.

[topinfo] 10/1/2013 09:16

NUS great post i,i,i

08:26
Goodden > Neptune > PNG?

bonobo77
1UP
Here's some background to Robert Goodden. If Michael Bailey really has got his support, then it's a serious hostile bid IMHO. Goodden looks like a technical authority in this fledgling industry, and his company - Subsea Minerals - has formed some strong alliances, including an alliance with Neptune Minerals, who have been granted licenses in Papua New Guinea.

ROBERT GOODdEN & SUBSEA MINERALS

Robert is a technically based hands-on businessman and a strong conceptual thinker with a fundamental understanding of the use of machines in the marine environment. He has an eye for what works in that environment both practically and commercially. He founded, and with his team, built up the world renown offshore drilling company Seacore Ltd in 1976 and led it until its purchase by the Fugro Group in 2006.

For over thirty years Robert has been at the forefront of new technologies in seabed excavation and drilling. His expertise lies in rock and soil cutting, heave compensation, large diameter drilling, core drilling, hydraulic systems, application of vessels and jack-up platforms.

Robert has project managed world class drilling and excavation projects and has the ability to get the best out of men, machines and the sea. His training as a mining engineer and his experience as a mining and drilling contractor give him unique understanding of economic realities which when put together with his conceptual thinking quickly leads to first time solutions.

As well as his involvement in Subsea Minerals Robert has a technical advisory role in Nautilus Minerals and consults for several other marine mining companies. He is a member of a specialist panel of ECOR.




Photo of Robert Goodden with Nautilus team -

'About Robert Goodden 

Robert Goodden, a mining engineer, is an acknowledged expert in deep-sea coring and mineral exploration. He founded Seacore Ltd in 1975 and built the company into a world leader in marine geological and geotechnical drilling. Seacore Ltd was sold to the Fugro Group in 2006. Mr. Goodden personally retained Seacore's marine mining interests and renamed the division of the company Subsea Minerals Ltd. 

Mr. Goodden first became involved in SMS deposits in 2001 when he provided advice and oversight of the first two deep ocean drilling programs for Nautilus Minerals, a current leader in the SMS deposit industry. Since that time, Subsea Minerals has acted as a site consultant and drilling contractor to Nautilus. Goodden has been intimately involved with every commercial SMS core drilling project carried out to date, and together with members of his team, has amassed unique know how in remotely operated deep sea coring.'



'Also, a British company named Subsea Minerals, directed by Robert Goodden (also partner of Nautilus Minerals), testing a new jack-up rig with eight legs, capable of moving autonomously on more difficult finds as in Namibia.'

Subsea Minerals, a British company, offers operational expertise in marine operations. They participate in marine mining projects worldwide by;
 Providing specialist marine operational services to other mining companies. Operational personnel for marine mining projects;
 Design consultancy in marine mineral sampling and mining projects;
Or being an operating partner responsible for project planning, operating personnel and equipment.
 They are associated with the Odyssey group in deep sea Pacific exploration.



ROBERT GOODDEN > NEPTUNE MINERALS > PAPUA NEW GUINEA?

Step One –

'Nautilus is currently only one of two mining companies focused on offshore exploration for commercial underwater mining, the other being Nevada-based Neptune Minerals, which has acquired control of Hon

[getting started] 10/1/2013 05:53

Companies:
Nautilus Minerals Inc
RELATED QUOTES
Symbol Price Change
NUS.TO 0.58 0.00

Robbert Gooden fromer advisor to Nautilus will take job as interim Chairman of the Board
OTTAWA, ONTARIO--(Financial Press - Ottawa - January 9, 2013) - Robbert Gooden the former cheif scientific advisor to Nautilus minerals has joined Michael Bailey and his family office solely controlled by him in the commencement of a tender offer for all outstanding shares of common stock of Nautilus Minerals Ltd. (TSX:NUS.TO - News) for $0.97 per share, net to the seller in cash.
Mr. Gooden is currently the Chairman of Subsea Minerals Ltd. and was a former senior advisory board member to Nautilus Minerals Inc. Mr. Gooden will assume the role of interim chairman of the board at closing.
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 108.6 % premium to the previous day closing price of Nautilus' stock.
The tender offer is scheduled to expire at 12:00 midnight, Eastern Standard Time, on March 1, 2013, unless the tender offer is extended. The tender offer is conditioned on the tender of a majority of Nautilus's shares calculated on a fully-diluted basis, as well as the receipt of certain regulatory approvals and other customary closing conditions.
Gannibal Securities has been engaged to act as advisor in this transaction and will negotiate lock up agreements with major Nautilus Minerals shareholders Metalloinvest (21.0%), Anglo American(11.1%), MB Resources(16.9%) and Teck Resources(4.5%). The law offices of Bacchus Law will represent Mr. Bailey in this transaction. The Law firm of Fasken Martineau will no longer be representing Mr Bailey in this transaction due to conflicts of interest with current board members of Nautilus.
The family office controlled solely by Mr.Bailey currently owns a minority stake in the company and is now making a hostile bid to acquire 100% of the outstanding company stock with the intention of taking the company private to finance and execute the underwater mining business plan with Mr. Gooden expert guidance.
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 $130M in October 2008.
The acquisition is expected to close March 2013; however, the close date is subject to customary closing conditions, including regulatory review in Canada.
Contact Info:

www.gannibalsecurities.com
Gannibal Securities Ltd.
45 O'Connor Streeet
Ottawa, Ontario, Canada
[phone]

[zangdook] 09/1/2013 23:37

Why would they RNS that their ex-advisor has taken a new job with some dodgy p&d artist?

[getting started] 09/1/2013 21:02

Good find. I am sure there will be more news by tomorrow too.

Maybe even a rns to confirm...

[topinfo] 09/1/2013 20:14

NUS get in there. Hope none of ya sold your NUS when there was scaremongering going on earlier!!!!!!!!!!!



Former Nautilus Minerals Ltd. advisory board member joins Michael Bailey's Takeover Bid
Archive, Mining, Top Stories | Financial Press | January 9, 2013 3:02 PM

Robbert Gooden former advisor to Nautilus will take job as interim Chairman of the Board

OTTAWA, ONTARIO–(Financial Press – Ottawa – January 9, 2013) – Robbert Gooden the former cheif scientific advisor to Nautilus minerals has joined Michael Bailey and his family office solely controlled by him in the commencement of a tender offer for all outstanding shares of common stock of Nautilus Minerals Ltd. (TSX:NUS) for $0.97 per share, net to the seller in cash.

Mr. Gooden is currently the Chairman of Subsea Minerals Ltd. and was a former senior advisory board member to Nautilus Minerals Inc. Mr. Gooden will assume the role of interim chairman of the board at closing.

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 108.6 % premium to the previous day closing price of Nautilus' stock.

The tender offer is scheduled to expire at 12:00 midnight, Eastern Standard Time, on March 1, 2013, unless the tender offer is extended. The tender offer is conditioned on the tender of a majority of Nautilus's shares calculated on a fully-diluted basis, as well as the receipt of certain regulatory approvals and other customary closing conditions.

Gannibal Securities has been engaged to act as advisor in this transaction and will negotiate lock up agreements with major Nautilus Minerals shareholders Metalloinvest (21.0%), Anglo American(11.1%), MB Resources(16.9%) and Teck Resources(4.5%). The law offices of Bacchus Law will represent Mr. Bailey in this transaction. The Law firm of Fasken Martineau will no longer be representing Mr Bailey in this transaction due to conflicts of interest with current board members of Nautilus.

The family office controlled solely by Mr.Bailey currently owns a minority stake in the company and is now making a hostile bid to acquire 100% of the outstanding company stock with the intention of taking the company private to finance and execute the underwater mining business plan with Mr. Gooden expert guidance.

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 $130M in October 2008.

The acquisition is expected to close March 2013; however, the close date is subject to customary closing conditions, including regulatory review in Canada.

Contact Info:

www.gannibalsecurities.com
Gannibal Securities Ltd.
45 O'Connor Streeet
Ottawa, Ontario, Canada
[phone]

[topinfo] 09/1/2013 17:55

117k trade after close, price 33.29 buy or worked sell. Hard to tell.

No I have not been stung. There is some money to be made here IMO. Time will tell if I am right or not.

[loverat] 09/1/2013 17:06

So, Bailey apparently owns less than 10% of the stock here. I am just a spectator here but it will be interesting to see what materialises and whether any big trades go through.

Edit - Topinfo - watch out for any naughty boy trades in the sell column.

[zangdook] 09/1/2013 16:52

Sounding desperate there Topinfo. How much have you been stung for? The biter bit and all that.

[george57] 09/1/2013 16:51

I understand why you think youre article is very good TI, but the earlier one is completely contradictory to it, especially where the lawyers comments are concerned.

It could be true, or it could be some Walter Mitty type making himself busy, pays your money and takes your choice i suppose..

[topinfo] 09/1/2013 16:36

Thats the most detail we have had on the NUS bid. Looks good IMO.

[topinfo] 09/1/2013 16:33

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
[e-mail]
[phone]

[getting started] 09/1/2013 15:47

He nearly left that lovely rose in the shop.

duh!