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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Neptune Min | NPM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 1.125 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.125 | 1.125 |
| Top Posts |
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Posted at 02/1/2009 17:58 by dcomd99 What's the possibility of a merger of NUS and NPM? No cash implications. Some staff from NPM can keep their jobs, and NUS gets more acreage for peanuts. No sane investor would put cash into NPM. Much better to talk to NUS and finance them sufficiently to get to production. For example £10m might buy you 10% of NUS, worth £20m in cash |
Posted at 18/6/2007 23:40 by rapier686 Yep I'm in both too - but rather more in Neptune.Neptune has considerably more reward - I waved a hand at 3 times more risk-adjusted a few posts back - but undeniably higher risk. So there's only so much a sensible investor would want to have exposed to Neptune and frankly I've probably overdone it! Nautilus have pointed at a specific deposit(s) and said we'll mine this, this is how we'll do it and look we've already raised the finance and sorted one of the more problematic aspects (the other is the disaggregation machinery which is still on their account with a $120m budget if memory serves). Whereas it is an act of faith (though IMHO not an unreasonable one) to suppose that Neptune have such on their acreage and will find it, and will put together the deals to make it happen. Although today goes a long way towards the latter part and helps to imply Conical Seamount (found by academic cruises) looks like an example. IMHO though, the greater act of faith is whether it will all work out subsea - and both Nautilus and Neptune stand or fall by that common risk. |
Posted at 18/6/2007 22:36 by wolstencroft mattbuoy - have a look at their recent sampling campaign news! Especially solwara 8Anyway I think any sensible investor would be in both NUS news announcing solwara 8: -------------------- Indicative average of analysis using hand held XRF Unit -------------------- Site No. of Samples Cu (%) Zn (%) Pb (%) -------------------- Solwara 5 5 0.6 11.0 1.9 -------------------- Solwara 6 7 11.3 11.4 0.8 -------------------- Solwara 7 7 3.6 13.9 0.6 -------------------- Solwara 8 30 9.3 21.0 0.8 -------------------- |
Posted at 03/10/2006 08:51 by wh0sthedaddy interesting - off bloomberg:Gold Rush Plunges Undersea as Barrick, Miners Scour the Pacific By Peter Robison Oct. 3 (Bloomberg) -- David Heydon says the rock he dredged from a mile beneath the sea off Papua New Guinea looked like nothing more than a dull-brown fire hydrant. Inside were veins of copper and gold worth $300. Two companies exploring the South Pacific seas with new remote-controlled robots are betting rocks like these will start an underwater gold rush for billions of dollars lining the ocean floor, reversing the prospects for a method of mining that has never been economical. ``We should mine on the sea floor, because it is the most common spot on the planet,'' says Heydon, chief executive officer of Vancouver-based Nautilus Minerals Inc., who recounted details of the dredging dive he supervised in February. ``It's just not the most common to us.'' With the prices of some metals, such as copper and silver, more than doubling in the past three years and land deposits dwindling, the modern day forty-niners are defying investor skepticism, untested gear and a history of failed ocean ventures to mount the first commercial exploration in a generation. Nautilus and London-based Neptune Minerals Plc have raised more than $50 million and secured such partners as Barrick Gold Corp., the world's biggest gold producer, and Canyon Offshore Inc., a maker of undersea rigs. They are trying to take advantage of surging demand for mineral wealth. Stockpiles of copper, needed for factories and houses in the emerging economies of China and India, have dwindled to about 150,000 metric tons as of March 2006 from 1.2 million tons in 2003, according to the U.S. Geological Survey. Four of the five largest deposits are in Chile. Keeping up with escalating demand through 2020 will require adding 1.1 billion tons, the equivalent of about three more Chiles, to global supply, the agency says. Metals Prices Surge The squeeze pushed copper prices up 72 percent to $7,545 a metric ton on the London Metal Exchange this year through Sept. 29, while gold futures climbed 15 percent to $598.60 an ounce in the same time after reaching a 26-year high of $732 on May 12. ``The geological potential down there is awesome,'' says Tony O'Sullivan, who joined Nautilus as chief operating officer in May after tiring of the hunt for new strikes on land as head of base metals exploration at Melbourne-based BHP Billiton Ltd. Ocean miners will have to overcome concern that excavation will harm the environment and prove too expensive to make the ventures profitable. Shares of Nautilus closed Sept. 29 at C$2, unchanged from their initial public offering in May, while Nautilus declined 41 percent to 14.75 pence on Sept. 29 from its initial share sale in October 2005. Sentry Select Capital Corp. bought 1 million Nautilus shares, convinced that metals supply shortages are likely to persist. ``It's harder and harder to find large deposits,'' says Laura Lau, a fund manager at the Toronto-based firm, which manages C$8.5 billion. `Substantial' Risk That doesn't mean ocean mining is viable, says Paul van Eeden, president of Cranberry Capital Inc., a Toronto-based private investment firm. Major mines depend on churning up rock that yields a consistent grade of metals, and it's too early to say how uniform the material is on the sea floor, he says. ``The risks are substantial,'' he says. ``None of this has been tested.'' For Simon McDonald, an Australian geologist born in Tennessee who explored for minerals, oil and gas on three continents before starting London-based Neptune in 1999, history provides a road map: Start looking offshore, just as oil companies did when easily exploited deposits began drying up 35 years ago. ``At the moment, it's new and different, so people are skeptical,'' says McDonald, 44. ``But it's not going to be just a niche.'' Open-Pit Mines In open-pit mines like Chile's Escondida, majority-owned by BHP Billiton, copper is so scarce that just 1 percent of the rock that's scooped out contains metal. Getting ore is a matter of scale: The largest mines, as much as 2.5 miles (4 kilometers) wide, can be visible from space. McDonald says there may be richer concentrations on the sea floor. In one patch the size of a few football fields that Neptune sampled off New Zealand, the copper concentration was 8.1 percent, more than eight times the level of Chile's Escondida. The surveyed ocean area contained 11.2 grams (0.36 ounces) of gold per ton -- almost three times the 0.13 ounce-per-ton concentration that Barrick reported for its flagship Goldstrike open-pit mine in Nevada as of Dec. 31, the company says. The undersea deposits form along the 25,000-mile ``ring of fire'' that encircles the Pacific like a gold band, stretching from Australia, through the Sea of Japan, past Canada's West Coast and on to the tip of South America. Ocean Deposits At the sea floor, slabs of the earth's crust collide. Sea water mingles with the magma below and vents through cracks in the floor, forming plumes of superheated, metals-rich water called ``black smokers.'' They crystallize into chimneys as tall as 100 feet (30 meters) high that may contain gold, copper and zinc. First discovered near the Galapagos Islands off Ecuador in 1977, the black smokers are the geological cousins of deposits mined on dry land for centuries in volcanic regions of Australia and Spain, which were under water millions of years ago. Limited sampling by research vessels has turned up 200 of these ocean deposits, mainly in coastal waters owned by New Zealand, Papua New Guinea, Japan and Indonesia, according to a report by the International Seabed Authority, which the United Nations established in 1982 to regulate sea mining. Drill Tests A typical deposit may contain 5 million to 10 million tons of ore rich in copper or gold -- worth as much as $7 billion at today's prices. Only 5 percent of the undersea ridges have been explored, so there are probably far more deposits, according to the report by the Kingston, Jamaica-based seabed authority. Placer Dome Ltd., a Vancouver-based mining company later acquired by Toronto-based Barrick, invested $12 million in 2005 and 2006 to fund Nautilus's first tests. The company was founded in 1997 by Julian Malnic, an Australian writer of mining newsletters who acquired offshore exploration licenses from Papua New Guinea. Nautilus went public on Canada's TSX Venture Exchange in May, raising C$25 million ($22.3 million). Neptune raised 9.3 million pounds ($17.6 million) on London's Alternative Investment Market in October 2005. Barrick converted Placer Dome's investment into a 9.59 percent stake in Nautilus in August. ``Our Nautilus stake allows us to participate in the future upside,'' says Alex Davidson, executive vice president of exploration and corporate development at Barrick. Abandoned Trials During the sustained rally in metals markets of 1977 to 1980 some of the world's largest mining companies, including Inco Ltd. and Kennecott Minerals Co., spent $500 million combined to experiment with deep-sea mining, according to the International Seabed Authority. Potato-sized rocks, rich in manganese and zinc, line the Pacific floor. A group led by Toronto-based Inco in 1978 brought up 800 tons from 18,000 feet of water at the equator, essentially vacuuming them into a ship through a pipe. The trial was abandoned after prices fell and it proved cheaper to keep looking on land, says Ted Brockett, who worked on the Inco project and now runs Sound Ocean Systems Inc., a Seattle company that makes ocean-monitoring equipment. ``If the economics had been there, we'd all be out ocean mining by now,'' he says. Robotic Miners Today's undersea promoters say their approach is better because the deposits near black smokers are richer in metals. They can also rely on more advanced equipment developed by offshore oil companies. Nautilus has made two sampling voyages this year, retrieving rocks with drills and robotic arms made by companies including Leidschendam, Netherlands-based Fugro NV, the world's largest surveyor of deepwater oil fields, and Canyon, a unit of Houston-based Helix Energy Solutions Group Inc. Canyon's robotic arms are attached to nine-foot-long submersibles tethered to ships and maneuvered with remote-controlled thrusters. The deposits are located by towing another device shaped like a cruise missile. Equipped with a video camera, it sweeps the sea floor and measures temperature, salinity and magnetism. Biologists are intrigued by the black smokers. The surrounding sea is rich in exotic life, from blind shrimp to three-foot-long tubeworms that weren't known to exist until the smokers were discovered, says Peter Rona, a marine science professor at Rutgers University in New Brunswick, New Jersey. Shrimp, Tubeworms He says mining should be allowed only after intensive study. ``We need sources of metals, but we need to do it in a knowledgeable and sustainable manner,'' Rona says. The companies say they won't target active vents, only nearby mounds of metals-rich rock formed as long as 5 million years ago by now-dormant smokers. They argue that oil and gas companies already mine in the ocean and lay pipes and dig trenches in the North Sea and the Gulf of Mexico. ``The disturbance we'll do on the sea floor is less than the oil and gas industry,'' says Heydon, 50, the Nautilus chief executive. At full production, two remote vehicles -- possibly a modified version of the wheeled rock-cutters used in coal mining -- would roll along the sea floor, grind 400 tons of ore an hour and send it to the surface through a foot-wide tube, he says. Water would be removed in a series of spirals, and the resulting ore barged to a smelter on land. Avoiding Road Construction Nautilus wants to produce 150,000 tons of copper per year and as much as 400,000 ounces of gold, valued at $630 million at long-term average prices, Heydon says. A 2002 study by WorleyParsons Ltd., a Sydney-based consulting firm, estimated the cost of setting up such a mine at $260 million. Heydon says it may not be that inexpensive, though it will cost less than a mine on land. Phelps Dodge Corp. and other investors will spend more than twice as much, $600 million, to tap the world's largest undeveloped copper reserve, on rolling hills in southern Congo. The Phoenix-based copper producer says the new mine will produce 100,000 tons of copper a year after opening in 2008. ``It's becoming difficult to find terrestrial deposits that are of high quality,'' says David Coffin, a mining analyst who produces the Hard Rock Analyst newsletter in Vancouver. Coffin, who watched aboard the Nautilus ship in February as a robot recovered rocks, says he bought the company's shares. ``This is an idea whose time has come.'' To contact the reporter on this story: Peter Robison in Seattle at robison@bloomberg.ne Last Updated: October 3, 2006 03:02 EDT |
Posted at 25/10/2005 12:11 by jpdm fortunemaker Fingers crossed, cheers.Actually reading some of the above posted comments relating to those who get in prior to Placings I would mention that I do have an involvement with a Privately owned Energy company that will be looking to offer new investors a stake. There is still some finalising being done over next I guess couple of months but when I'm in a position to mention more and highlight the form of opportunities I'll post the Company website dets and if anyone is interested then they can talk to me or rest of the team there. Cheers JPDM |
Posted at 10/10/2005 14:04 by currypasty BackgroundSeafloor massive sulphide (SMS) deposits are a potential new mining asset class, containing high grades of copper, zinc, lead, gold and silver, that has not yet been commercially developed anywhere in the world. The Directors believe that existing marine technologies widely used within the offshore oil and gas, marine diamond and cable laying industries can be adapted to render the exploitation of metals and minerals on the seafloor practicable and economic. Neptune has secured a mineral prospecting licence for SMS deposits in New Zealand controlled waters. Metal contents from existing seafloor rock samples are generally higher than equivalent deposits mined commercially onshore around the world. The proceeds of the flotation will be used to fund the next stage of the Company's progress towards the commercial recovery of SMS deposits. Neptune has identified targets for definition drilling, which it aims to be undertaking before the end of 2005. Growth Strategy The Company's business strategy is to be at the forefront of the identification and commercialisation of SMS deposits worldwide. Neptune Minerals is well positioned to take advantage of the extensive research already undertaken by New Zealand and international research organisations combined with the latest technologies available within the marine contracting industry. Neptune will also retain 100% ownership of its exploration interests as far as practicable during the prospecting and commercial evaluation phases. Although the initial operational focus will be to progress the New Zealand acreage, the Company will evaluate exploration opportunities in other international jurisdictions where it believes these hold the potential for hosting SMS mineral deposits capable of economic development. Neptune's management believes that its significant experience and operational skills in the mineral and oil and gas industries provide a solid platform to successfully implement the Company's business strategy. Group Overview Neptune Resources, the predecessor business to Neptune, was established in 1999 to explore, develop and commercialise SMS deposits in an area offshore north west of New Zealand. In 2002, it was granted title as a Prospecting Licence ("PL") (PL 39-195) and holds Applications for Prospecting Licences ("APPLs") (APPL 39-194 and APPL 39-205) over all known prospective SMS areas within New Zealand controlled waters. The Company is actively seeking further SMS mineral rights elsewhere. Neptune has acquired significant amounts of technical data, based on over 15 years of academic research in New Zealand waters. This research effectively replaces the initial stages of a traditional exploration programme. Neptune's work will therefore commence at a more advanced stage of evaluation and the Company has identified at least two targets for definition drilling. There are 12 volcanic seamounts containing prospective SMS deposits that have been identified in PL 39-195 alone. More seamounts have been identified by Neptune within the areas under application, using seafloor mapping imagery. Neptune also enjoys the added benefit of operating in a particularly stable geopolitical environment. The application for SMS prospecting licences was subjected to extensive regulatory and stakeholder review, including the formation of a New Zealand Oceans Policy committee to review the merits of seafloor mineral prospecting. The first licence, PL 39-195, was granted under the New Zealand Continental Shelf Act in October 2002, giving exclusive rights to explore and commercialise certain mineral deposits. After 4 years the tenement, which covers an area of some 8,000 km(2), can be retained as a PL with a 50% reduction in area, or a Mining Licence (ML) may be applied for over the area. Neptune has application areas within New Zealand's Exclusive Economic Zone ("EEZ") covering a further approximately 60,000 km(2) of exploration acreage (Applications for Prospecting Licences ("APPLs") - APPL 39-194 and APPL 39-205). These tenements were applied for concurrently with PL 39-195 and final regulatory review of both APPLs is expected to be concluded in 2005. Management Peter Vanderspuy - Chairman (64) BSc, MSc Peter was elected Chairman in June 2005. Peter has more than 40 years international experience in exploration and mining. He was the founding CEO and Chairman of Delta Gold, one of the leading Australian gold mining companies. Delta Gold is now part of the Placer Dome Group. Subsequently, Peter founded and became CEO of Zimbabwe Platinum Mines Ltd, one of the largest Southern African platinum companies and now part of the Impala Platinum Group. Dr Simon McDonald - Managing Director and CEO (43 ) PhD, BSc (Hons) Simon founded Neptune Resources, the predecessor entity to Neptune Minerals Plc, in 1999. He has more than 20 years experience as a minerals and petroleum exploration geologist. Simon has worked in a number of regions including the South West Pacific, South East Asia and Africa. He has also worked as a resources analyst and in investor relations roles. Dr John Feenan - Director and Chief Operating Officer (43) PhD, MSc, BSc (Hons) John has over 20 years international experience in the oil and gas industry. He worked in exploration for Amoco, prior to its takeover by BP, and spent over 10 years with Woodside Petroleum Ltd in a range of management positions. During this period, his extensive technical and commercial expertise was applied through a number of high profile projects in partnership with major international companies such as Shell, BP, Chevron and BHP Billiton. John Goodwin - Non Executive Director (61) John has more than 35 years experience in corporate finance and banking. A qualified chartered accountant, John has spent 10 years in the corporate finance advisory sector, first in the City and thereafter in Malaysia and Australia where he headed the Corporate Finance and Advisory division of Standard Chartered Bank. Over the last 20 years, John has been Managing Director of UIE Ltd, a Copenhagen listed company and has held a number of international directorships within the Group. |
Posted at 10/10/2005 14:04 by currypasty 10 October 2005Neptune Minerals Plc Admission to AIM Neptune Minerals Plc ("Neptune" or "the Company"), an explorer and developer of Seafloor Massive Sulphide ("SMS") deposits, is pleased to announce today the commencement of trading in its ordinary shares and warrants on AIM. As part of the flotation, Corporate Synergy Plc has raised #9.3 million through the placing of 37,200,000 new ordinary shares at 25p per share. Each new ordinary share has 1 warrant attached exercisable at 25p for five years from the date of the admission. The anticipated net proceeds of #8.3 million capital raised will initially be applied to resource definition drilling in New Zealand, which is planned to commence soon. An ongoing program of geophysical survey and engineering feasibility studies will also be undertaken to progress acreage commercialisation, in addition to the ongoing evaluation of other international SMS opportunities. Simon McDonald, Chief Executive, said: "We are delighted that the flotation of the Company was so well received by investors. This demonstrates confidence in our proposed definition and development strategy. The listing on AIM will provide the financial platform for our next stage of development, namely to undertake the planned appraisal drilling as soon as practicable. We believe that the information from this drilling program will move us towards the identification of a bankable mineral resource." |
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