Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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.


GREY:NUSMF - Post by User

Nautilus Minerals Inc
Bullboard Posts
User Avatar Image
(0)
•••
Comment by redfoxon Dec 24, 2002 9:21am
122 Views
Post# 5707099

RE: 1st well will produce more than 25mmcf

RE: 1st well will produce more than 25mmcfRockett- yes the news is out, but no: 1. the first well is not producing more than 25 mmcf, and 2. the tie in to the pipeline has been delayed a minimum of two weeks. 3. today's press release was okay, but just okay, and 4. surprise, surprise- in the money warrants were exercised. No surprise, except now there is a bit more working capital, but a further dilution. Interesting that the June 2003 warrants were also exercised. Does that tell anyone anything? To me it could be the sign of tax buying / selling, or that whoever has exercised likes the price now and is locking into a profit rather than wait for 6 months to see what the markets bring forward. What do others make of the news? I am still on the sidelines and waiting for more concrete news, although nothing over the past two days to cause me to jump in (yet). thanks for your thoughts.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities