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 oilinvstron Jun 07, 2003 7:56am

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Post# 6151493

Takeover price down.

Kinloch originally offered $16.9MM, plus 9.1MM shares. Now its $13.3MM plus 9.1 MM shares. Granted Kinloch's shares have gone up in price 15 cents since the original announcement, but they're so thinly traded, its doubtful that anyine wanting to sell them will get anywhere near that price. Sigh!!

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