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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Post by longrunon Jan 08, 2013 10:30am

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Bailey ,s history

The family office controlled solely by Mr. Bailey currently owns a minority stake in the company, and is now making a hostile bid to acquire 100 per cent of the outstanding company stock with the intention of taking the company private to finance and execute the underwater mining business plan. Mr. Bailey, an experienced investor and resident of Canada, is an algorithmic trader and formerly a member of the Band of Scoundrels, an elite group of high-frequency proprietary traders that successfully shorted Citigroup and profited over $130-million in October, 2008.

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