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Nautilus Minerals Inc NUSMF

Nautilus Minerals Inc is a Canada-based company engaged in the exploration and development of the ocean floor for copper and gold-rich seafloor massive sulfide deposits and for manganese, nickel, copper, and cobalt nodule deposits. Its primary segment is Mineral Property Exploration in Australasia. The exploration activity involves the search for deep-water copper and gold-rich seafloor massive sulfides in the western Pacific Ocean and nodule deposits in the eastern Pacific Ocean. Its principal project is the Solwara 1 Project in Papua New Guinea (PNG) in the Bismarck Sea.


GREY:NUSMF - Post by User

Bullboard Posts
Comment by kroghon Oct 27, 2006 2:14pm
338 Views
Post# 11569055

RE: How is it possible to be halted for days?

RE: How is it possible to be halted for days?I just watched the show on the web. He was smiling a lot when he said that the news was very price sensitive. He also explained earlier that there was fewer environmental problems with this sort of mining than with landbased mining. And he compared with the oil and gas industry and the dredging industry. It is almost certainly something positive. But what can it be? He also stated earlier that they would like to stay independent for a long time. Would he say that if they were in takeover negotiations? Maybe some agreement with a smelter paying all expenses from now on? Or could it be drill results showing a very high tonnage of massively high grade material? Some extremely high grade gold assay? And they just want to double check everything before they release the news, and they have to halt the stock because there are people in the labs that know about this? It is fun to speculate but I don't know anything. Why is it that they don't tell us what the reason for the halt is? After all the stock is halted and we cannot trade on the information anyway? Why this secrecy?
Bullboard Posts