Nautilus Minerals Share Discussion Threads

[mattybuoy] 03/6/2008 07:37

Maybe they've discovered some coal down there? ;)

More seriously, nothing on Stockhouse except puzzlement. I guess someone just decided it was a bargain.

[mad jack mcmad] 03/6/2008 07:35

And up 14% in Canada yesterday. Any news?

[mad jack mcmad] 27/5/2008 14:43

Positively frisky today!

[wolstencroft] 23/5/2008 21:28

I agree. Heydon's history does not warrant him being the CEO of such a prospective company. But he deserves credit for all the promotion to get it to where it is today.

[rapier686] 23/5/2008 20:25

Hmmm - sounds like paying the guy to go away. Nautilus has ample challenges and opportunities above 4000m. There's quite enough island arc territory to explore and mine - and absolutely still someting to prove on the mining front.

There is no pressing need to stake the Mariana trench just yet!

[mad jack mcmad] 23/5/2008 19:00

Toronto Ontario, May 23, 2008 - Nautilus Minerals Inc. (TSX & AIM: NUS) (the "Company" or "Nautilus") advises it has made a US$1.3 million seed capital investment for a 51% equity interest in a company associated with director and outgoing CEO David Heydon. The company will be involved in the exploration for ultra-deepwater (>4000m) mineral resources. This investment will allow Nautilus shareholders to participate in an exciting long term opportunity without distracting attention from its primary focus on the development of seafloor massive sulphide deposits and specifically the Solwara 1 Project. The shareholder agreement for the new subsidiary includes a mutual non-compete between the companies until the end of 2010.


An even longer term punt!

[mad jack mcmad] 23/5/2008 15:49

Bit of movement on news.

[mortie1] 22/5/2008 08:55

Market Cap GBP 160mm, Cash Pile US$ 308 or GBP 156mm approx. at March 31. Teck Cominco has an option to take up to 50% after spending USD25mm in each area.

Looks like a good punt to me. Officially, not too long to wait, est. start of ops 3Q 2010.

I have been watching these for some time and had set 115 as my entry point, so I've bought a few. Newsflow and an increase from here and I will up my stake.

[mad jack mcmad] 16/5/2008 11:24

Cheers, Rapier. Must say I see this as a tuck away and look at in a couple of years stock.

[rapier686] 16/5/2008 11:22

With a cash pile as big as that, not held in their reporting currency then that rather dominates other stuff. When their big ticket costs come they'll be P&L neutral as they'll capitalise them.

But yes, the income statement's an irrelevance. It's still a punt on them actually being able to accomplish what they've set out to do. On which note, now they're past the fundraising stage and into the doing it stage I was very impressed by Mr Heydon stepping aside in favour of Mr Rogers.

[mad jack mcmad] 16/5/2008 11:02

Can't quite see how they are making a profit without actually producing anything, but sounds good, anyhow.

[grupo guitarlumber] 15/5/2008 19:19

Nautilus Minerals swings to Q1 net profit, due to reduced expenses




LONDON (Thomson Financial) - Toronto-based mining and exploration company
Nautilus Minerals Inc, which is exploring for copper, zinc, gold and silver on
the sea bed in the western Pacific Ocean, swung to a net profit in the first
quarter to end-March from a loss the same period a year earlier, thanks to
reduced expenses.
For the three months to end-March, the company posted a profit of $0.8
million or EPS of $0.01, compared to a loss of $5.1 million or loss per share of
$0.05 for the same period in 2007.
Overall, Nautilus' expenses decreased to $2.5 million for the first quarter
from $7.4 million for the same period in 2007, which was largely attributable to
the timing of the planned exploration programs for 2008 and foreign exchange
gains.
Nautilus has budgeted to spend about $20 million for exploration work in
2008 on its Solwara 1 project, in the territorial waters of Papua New Guinea,
and other regional exploration programs. It said it is on track for production
at the Solwara 1 project in the third quarter of 2010.
It also said it is in a strong financial position, with $308 million in cash
and cash equivalents held on deposit in banks at the end of the first quarter.
The company was formed in May 2006 and aims to start producing minerals from
2010. Its largest shareholders are Teck Cominco, with a 7.2 percent stake, Anglo
American, with 5.7 percent, and Epion, with 22.4 percent -- controlled by
Russian mining holding company Metalloinvest.
[e-mail]
kkb/cmr

[nilip] 07/5/2008 15:21

"We are excited by both the quality of the data and the results which are a significant improvement on previous data sets.

Our geologists and geophysicists are currently working with Nautilus personnel to interpret this new data and prioritise targets for our follow-up sampling program which we are planning to launch in mid-May."Nautilus CEO-David Heydon commented: "The bathymetric survey is phase one of Teck's $US12 million 2008 exploration program. After this program Teck can elect to form a joint
venture with Nautilus and invest to earn an interest in up to six countries, as per our December 2007 agreement".

[mad jack mcmad] 07/5/2008 15:08

These are going to be £20 soon. Ish.

[ariane] 07/5/2008 14:55

Nautilus says Teck Cominco completes first phase of PNG offshore exploration




LONDON (Thomson Financial) - Nautilus Minerals Inc. said Teck Cominco Ltd.
has completed the first phase of its $12 million 2008 offshore exploration
program over its exploration tenements located in the territorial waters of
Papua New Guinea and exclusive economic zone of Tonga.
"The bathymetric survey is phase one of Teck's $12 million 2008 exploration
program. After this program Teck can elect to form a joint venture with Nautilus
and invest to earn an interest in up to six countries, as per our December 2007
agreement," chief executive David Heydon said.
[e-mail]
ndi/bsu/ajb

[mad jack mcmad] 07/5/2008 07:34

Up 6.2% in Canada yesterday. News?

[nilip] 04/4/2008 12:08

A tiny buy of only 238 shares ... causes the MM's to tick up :-)


Won't take much to get this one moving.

[grupo guitarlumber] 03/4/2008 15:37

Looking good Lewis

especially with Technip


Nautilus awards Technip USA a $116 million engineering, construction contract




LONDON (Thomson Financial) - Nautilus Minerals Inc. said it has awarded a
$116 million target price contract to Technip USA Inc. to provide engineering
and construction management services for the Riser and Lifting System (RALS)
components of its deepwater seafloor massive sulphide extraction system.
"With the award in December 2007 of the 33 million pounds seafloor mining
tool contract to Soil Machine Dynamics Ltd. together with the $116 million for
the RALS, Nautilus' total capital commitment to date on the mining system is
about $186 million," said chief executive David Heydon.
The company said this expenditure will be covered by its cash in bank of
about $310 million as of Dec. 31, 2007.
Nautilus also said it remains on track for production at its Solwara 1
Project near Papua New Guinea in the third quarter of 2010, subject to timely
permitting.
[e-mail]
tsm/rw

[grupo guitarlumber] 03/4/2008 15:36

Looking good Lewis

especially with Technip


Nautilus awards Technip USA a $116 million engineering, construction contract




LONDON (Thomson Financial) - Nautilus Minerals Inc. said it has awarded a
$116 million target price contract to Technip USA Inc. to provide engineering
and construction management services for the Riser and Lifting System (RALS)
components of its deepwater seafloor massive sulphide extraction system.
"With the award in December 2007 of the 33 million pounds seafloor mining
tool contract to Soil Machine Dynamics Ltd. together with the $116 million for
the RALS, Nautilus' total capital commitment to date on the mining system is
about $186 million," said chief executive David Heydon.
The company said this expenditure will be covered by its cash in bank of
about $310 million as of Dec. 31, 2007.
Nautilus also said it remains on track for production at its Solwara 1
Project near Papua New Guinea in the third quarter of 2010, subject to timely
permitting.
[e-mail]
tsm/rw

[mad jack mcmad] 03/4/2008 15:18

Picking up on RNS re riser system contract. Good.

[mattybuoy] 31/3/2008 19:17

There is one today ... Teck getting active :)

[sithuk] 31/3/2008 19:07

When is the next update due from the company?

[rapier686] 28/3/2008 14:44

"$310 million (equivalent) in cash and cash equivalents held on deposit with major banks at year end (no Asset Backed Commercial Paper exposure)"

Which is US$2.12/share or £1.06

However I'm not sure that represents cash backing since it isn't in their business plan to hand it out. Rather it means they have the financial resources to get Solwara 1 under way. At which point we'll really find out if it is as feasible as they claim and either be wiped out or rich as Croesus.

(PS I suppose I should point out that 'we' doesn't necc. include me. Sold most of mine around the end of the year and am frying other fish for now. Still very interested though).

[stuart14] 28/3/2008 14:35

Looks like a lot