Nautilus Minerals Share Discussion Threads

[getting started] 09/1/2013 15:23

246812

Were you on the Undateables last night?

The one with the cap and sunglasses?

[246812] 09/1/2013 14:41

SHORT LOOKING GOOD NOW ALL THANKS TO THE PUMP AND DUMP CREW THEY ARE SELLING TODAY FOR A LOSS GLAD I SOLD IT YESTERDAY WHEN THEY WERE BUYING :))))))))))))

[loverat] 09/1/2013 14:11

Sounds like an aqua-marine bunfight.

[christianf12] 09/1/2013 13:30

Paying day highs

[topinfo] 09/1/2013 13:01

As at 30th September 2012, Nautilus' market capitalisation was USD 221.00 million, compared to a net asset value of USD 274.00 million.

[topinfo] 09/1/2013 13:00

Hostile bid for Nautilus
Posted on Tuesday, 08 January 2013 13:11
Nautilus Minerals was one of the top 10 risers in Toronto yesterday before being halted from trading after stock jumped 24.7 per cent on news a minority shareholder has come forward with a hostile bid worth CAD 237.99 million (USD 241.13 million).

The family office controlled solely by Michael Bailey is attempting to win over other stakeholders with an offer which values the Canadian-registered polymetallic seafloor massive sulphide deposits explorer at CAD 0.97 apiece.

According to a statement by advisor Gannibal Securities, the investor and algorithmic trader intends to take Nautilus private in order to execute the group's underwater mining business plan.

Nautilus claims to be the first company to explore the ocean floor for deposits such as copper, zinc, gold and silver.

The firm holds more than 500,000 square kilometres of highly prospective acreage in the western Pacific: in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.

Its main focus in 2012 was the Solwara 1 project in the territorial waters of Papua New Guinea (PNG), where it aimed to extract copper, gold and silver. It has also been granted an environmental permit for this site.

Nautilus is listed in Toronto and on London's Alternative Investment Market, though it also maintains a corporate office in the Australian city of Brisbane.

Major shareholders include: Metalloinvest, the largest iron ore producer in Europe and the Commonwealth of Independent States, which has a 21.0 per cent holding; global mining group Anglo American with 11.1 per cent; and MB Holdings, an Oman-based group with interests in mining, oil and gas, with 16.9 per cent.

As at 30th September 2012, Nautilus' market capitalisation was USD 221.00 million, compared to a net asset value of USD 274.00 million.

The group currently has no source of revenue and has significant cash requirements in order to meet administrative overheads and maintain its property interests.

[getting started] 09/1/2013 13:00

Buyers are coming back, think this will be interesting once U.S markets open..

[topinfo] 09/1/2013 12:54

Back to 50p CF12 . Rns formal bid could come at anytime.

[granada7] 09/1/2013 12:44

Discrepancies, denials in C$238m hostile bid for Nautilus Minerals

Fasken Martineau, a major law firm for the mining industry, denies any relationship with hostile takeover or its proponent Michael Bailey

[topinfo] 09/1/2013 11:58

Paying 37p now NUS. getting 61p for 37p I like it

[getting started] 09/1/2013 11:42

Well the 61p offer is still below what the share is worth anyway.

Maybe an alternative offer could come forward once this 61p has been made officially.

Who knows.

[34simon] 09/1/2013 11:39

SGO Topinfo, nice pump and dump.

[topinfo] 09/1/2013 11:28

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

[getting started] 09/1/2013 11:22

Deal backers in NY, California, Caribbean

In speaking with Mineweb on Tuesday, Bailey also gave a few more details beyond his press release about the proposed takeover. To fund it Bailey said he had sourced debt and equity financing from firms in the Caribbean, New York and California, though he would not name the specific firms.

[getting started] 09/1/2013 11:20

I notice from the many posts about this that the bid was never confirmed OR denied. However, the bidder had made arrangements to secure finance...

hmmmm...

[christianf12] 09/1/2013 11:08

Paying 36p now.

[topinfo] 09/1/2013 11:07

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 – ).

[christianf12] 09/1/2013 10:09

He was making a counter bid at Vaaldiam wasn't he?

[christianf12] 09/1/2013 10:07

Bumpa, let's see.