GREY:NUSMF - Post by User
Post by
Tritoonon Mar 15, 2014 11:58am
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Post# 22327404
informative video
informative videoon the website of Nautilus quite an informative video on how seafloor mining actually works.
https://vimeo.com/85364387
I came across NUS in the year 2005 (or 06) by reading Lawrence Roulstons' publications on the company. I found it from the start a very interesting idea and project. The stock had quite some momentum back in those days and I never invested a single euro (dollar,...) in it. I don't like to chase any stock (allthough it might be better to wait for a stock to start moving up and buying in instead of buying cheap and wait for the rise). After that period, i lost intrest and looked at NUS once a year, only to see that the stock did not move or, as the market in general, dropped.
Lately, it caught my intrest again. I started reading all the news releases, info on the web, etc....
listened to the confrence call of february 18.....and it seems that they are finally "moving on" with this project, or, at least building the needed equipment/vessel. I got a feeling (but can by proven wrong of course) that the company is not putting all there eggs in one basket (PNG) but picking other spots where they can deploy their equipment if necessary. I'm not saying they will, but they can. So either way, once the equipment/vessel in place, it is only a matter of moving to the right spot and start mining (of course, licensing etc needs to be in order), that is my opninion.
New financing can be under way or perhaps a partner can be found to finance the vessel, who knows ? Or on of those big pockets middle east companies can take NUS to the next level (lol)
Anyway, I bought some shares last week at 0,25 (there seems to be a massive amount available), but i left some for other people's intrest :-)
greetings Tritoon