Nautilus Minerals Inc NUSMF

Metals & Mining Industrial Metals & Minerals

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.

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Nautilus Minerals Inc

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Comment by dropshotvolleyon May 15, 2011 10:19am

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Post# 18578176

RE: RE: RE: blue Monday

You may be right. The Final Prospectus may not ever be filed or it may be filed and the financing goes poorly. In either case the stock price will get killed and the game may be over for us and the majors involved. Regardless, I don't think they would have made this announcement unless they had an idea (both NUS and TD/Credit Suisse) that the financing would be successful and the majors were going to participate again. The PSF Prospectus clearly states that the underwriters will only be paid 2.5% on shares bought by the existing holders. I would paste this into this post but I can't figure out how to enlarge the text after the paste. If they announce some healthy drilling results in multiple Solwara zones soon that would no doubt help the financing. NUS seems to do everything differently. Most companies release results first and then boom an underwriting occurs. In this case it is on the reverse. We should hear some drilling results soon I would think but you never know for sure with NUS. We will see. I am still a buyer.

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