What PR department? ;-(
I think they had a meeting of the board and decided that seabedmining was doing a good enough job for them.
Thanks as usual SBM. :-)
Then there's ME! LOL!
PNG would be very cool SSD. Celebration then have an investors meeting where we could all decide when we are going to sell our $200 shares! You, Gunnar and cmilteer would be coming from the States right? Marko representing the Islands. Bty could be a token rep for Spain from his frequent trips to Gomorrah.. I mean Benidorm. I'd stereotypically bring the back bacon and maple syrup. Anyone else want to get a shout out for their country? We have a lot of the world represented, another thing that makes this board unique.
+1 for your post SSD. :-)
There certainly will be celebrations happening everywhere for everyone holding NUS if they manage to pull up the concentrates they have found in some of the samples. Personally, I am going Ice Bucket Challenge Maui4Marko unless he has a heart condition and do Jager shots with SBM to get it started.
Johnston is incompetent in many ways as a business man and CEO, BUT he amazingly pulled us out of the abyss with the signing of the new contract that gives NUS more than before. That one is a real head shaker for me still. So, I am going to give him another chance. Making the investment community nervous by narrowing the gap between tender and due date is his next folly. With all the time they had when we were waiting for arb, then after arb. they should have been working on the ship contract. Shipyard selection IMO should have happened by now. Announcing as soon as possible would also give PNG more time to exercise their opportunity to take the next 5%, 5% and 5%. Like Jeremiah, I am "all in"... when it comes to my medium to high risk portfolio allocation, have been since the dilution. Not buying anymore, I have... lots. I am 99% at ease with my NUS investment. I am 2% at ease with current global socioeconomic and political stability. War with ISL (and possibly N. Korea), pestilence in Sierra Leone (and others), famine in Africa (and elsewhere), sloth in America, the list of horsemen goes on and on and I haven't even read the bible. LOL... kinda. Hey bty, why do the Scots want out so badly? Seems like a losing undertaking, did England do something to get their hackles up?
You will need to build up excellent credit, which also takes money. Show the banks that you can easily pay off loans. Start small, get as many "doors" as you can. After some hard work and good investing, you can choose to work or not as you will be asset rich and the rental income cheques will keep flowing in. BUT you have to think long term, a 20 year goal perhaps. Get as many opinions from successful people as you can. I can't see the future. but I believe there will be a major interest rate issue like back in the 80's. History almost always repeats itself. The current 1st world borrowing scenario isn't sustainable. So you will have to keep that in mind. Don't over extend. :-)
Well done Jeremiah. Diversification is really important. Remember, "Cash" is true diversification. When managers feel that a correction is imminent, they go 75% or more cash. Can't "buy low" if you don't have any cash. I feel the same way about the correction/crash. Other than NUS, I am out of the market completely as a trader and bouncing in and out of major gold producers as they have been crushed. Look for irrational dips, get in and get out or just stay out until a nice juicy correction happens. Unfortunately, the market volitility created by war turns out to be great opportunity for investment. I'm like Gunnar, I tell (warn) you not to invest in high risk only, but my portfolio is brimming with NUS shares. I also, am a hypocrite. P.S. - Work towards income generating real estate. Have other people pay off your mortgages, don't over extend. GL!
I know Gunnar I remember it well. I was typing pretty much the same thing at the time but you beat me to the punch. :-). With the commissions and borrowing rates and the instant, infinite knowledge of the internet for people in this demographic, all you have to do is make some wise decisions and you are guaranteed to be a millionaire by 40. I completely agreed with your advice to Jerry both in its content and delivery.
Jerry, if you are going to do this, have fun. Go to Vegas, you can drink there now, and put it all ("All In Baby!") on Black and you will DOUBLE your money in seconds!
Ah well, you are not going to change. So may as well keep it positive. Good luck man, good luck to us all, I think everyone here has had enough bad luck in our lifetimes. That's my point I guess.
Jerry, read "The Wealthy Barber". A virtual road map for someone your age to become very wealthy in life... no risk.
Broke at 21... What a crushing blow. What will you ever do?!
Hey, losing money is never fun, but you won't find a shoulder to cry on here. You have been given great advise Jerry about what not to do with your money when you are your age but you are going for the non-diversified, high risk-high-reward investment strategy. How did the economic collapse of 2008 treat you? Oh yah, you weren't old enough to trade... Some of us lost a lot Jerrry. Some lost here at NUS, some lost everywhere else... badly. Get a wife, get some kids (dependents) then "go broke". Age a little for us will you?
NYTimes is is good exposure. Seemed like a somewhat balanced piece but old. They were showing freshly build equipment but talking 4 years out, which I may/may-not agree with but the company line is 3 years, not four. At the end, I thought that was poor reporting. "They will have to deal with problems like finding a ship to carry the equipment." That's what ships do... Carry immensely larger things than 760 tonnes. Although the article is dated Sept 8, they reffered to the dispute as if it hasn't been resolved, which of course it has. To be petty... The article title has been recycled a couple times.
Nice SBM! Thank you.
"Chimneys run 25% copper and 10g/t gold"
"The project WILL commence in 2 years."
They should create a secondary industry. The should gather up the snails that everyone is worried about and sell specialty extremophile escargot! Foodies would pay $1000/oz! :-)
Am I missing something?
"After protracted negotiation, Nautilus agreed to sell a 30 per cent share of the business to the Papua New Guinea Government for $120 million this year."
They got 15% for 120M and CAN get another 15% (in the form of 5%,5%,5%) for $113. Right?
"The company, whose main shareholders also include Omani and Cypriot interests, will next commission a purpose-built ship in a project expected to be ready to mine after 2016, and costing more than $450 million"
Wha?! Where did they get that number from? They said the ship will cost around $250M, not $450. Shotty journalism unless I am missing something.
As stated before a couple of times.... but Yahoo keeps deleting and messing with the boards so...
When we had the permits, the ship build started and the PNG Government signed on as a partner the stock was $2 to $2.50 steady. So in today's terms if the government (check) gets fully back on board and the ship starts getting built like before we should see based on history not opinion, $1.00 to $1.25. Large assets have been built in the interim so that should be factored in, so maybe a conservative $1.20 to $1.60.
IMHO, when the ship hits the water or a couple weeks/month before (when it is a reality) I think we should see $2+, could go crazy though. On demonstrating that they can successfully pull up and dewater the ore and it gets verified at the same levels as the sample grades (5x to 10x common terrestrial ) AND if no one has beat us to the punch somewhere else, the stock should skyrocket. Who knows what the hype could create? $7.00? $207? I don't know, I don't usually invest in mining juniors, you would have to ask someone else. All I know was BRE-X because I was hired under a NDA to comb the email databases of the execs for an independent law firm at a mining firm that was linked to the scandal about 15 years ago.
Good luck jumping in.
Nice video SSD. I totally agree with you. Management/NUS has messed up BIG in the past burning many investors. Combined with no PR or marketing efforts from the company itself, NUS has really gained "sleeper" status. It will be the Pinto that rolls up to a Funny car at a street race and blows it away when the time comes. I think the major pumper and dumpers have had their run at this over the many years. We could actually use something like that to get the share price to where it could be. I know I have many dissenters about the dilution and its impact on the company but I believe it was a severe and somewhat devastating blow to us. Adding 200 million shares for $40MM, kind of set a bar and they will need to back it up with an EPS at sometime.
Tons and tons of marketing dollars. Might be a non-issue as soon as NUS takes the "experimental" out of it by doing it. Other than that, I think it is genius. All NUS management should be using "Mineral Recovery Process" instead of saying "mining" ever again in any interview or press communique. Maybe it would catch. Moonrava, you should sent NUS an email, suggesting your re-branding. You never know, their PR and Investor relations guy seems REALLY lazy, he might steal your idea as his own for the benefit of us all!
We just had yet another environmental disaster from Terrestrial mining here in BC at Mount Polley. They don't see that this isn't "more mining", it is different, the non-people-planet destroying type. I think they will like it. Well... that's asking too much. They'll probably ignore it and move on to someone else to ignorantly harass with false facts.
Project is on track, this is good. Pretty uneventful until the end when Marko's Nana showed up! She's gonna hook us up! Nana's got skillz boyz! After she finishes reading the webpage of course, she is ON her computer right now! Tide's-a-turning!
“But our major shareholders are extremely wealthy, extremely supportive and they want to see this happen.”
^^ This one makes me feel better. I'm hoping that he is referring to PNG putting up another $113 for the other 15%. Another dilution would be a really bad business decision, kind of like the first one. They can't expect to finance $300+million in equipment and $260million in a ship by themselves. Assets will be leveraged for a loan at worst I would think.
Gents, I think responding to NGOs shouldn't be given any weight. We've put up with them for years and read all their silly op-ed articles/blog-droppings. "Landowners" (and some stock traders it seems) looking for a cash grab at a piece of the pie after the fact is all this is.
We know that the locals are against this project (multiple articles).
Any court action could delay this project by years, which is just bad for everyone.
This is very, very bad.
Hopefully, this isn't all motivated by greed... not good. (got to love the irony)
Well, I'm convinced, better dump all my shares. Who is going to pick them up I wonder...
Sorry to be so negative towards your post but you should get more informed and actually get the FACTS about the issues you are talking about. People on this board, myself not included, have TONS of experience with mining, mining stocks and have knowledge of the technology required to pull this off. You should ask more questions instead of making uninformed opinion. Your points of concern are truly infantile in their presentation and have zero factual value. Are they going to have news crews at 1600 feet below showing how NUS is destroying the "environment" that exists at 1600-4000 feet? Extremeophiles are the creatures you are talking about and they exist all over the world as hydrothermal vents exist all over the world. Do you lament over the ants and other insects that get killed as you walk across grass?
The CEO DID NOT say that he "made up his own initial documents" (pausing typing to LOL). A world-class EXHAUSTIVE environmental impact study was carried out by leading scientists from all areas of study in regards to this project, paid by NUS. If you take sand from a beach then put it back, has the sand somehow turned to "waste" and is no longer sand?
What you are "really hoping" for has already been taken care of at great expense by Nautilus. The sediment (hold on still laughing...) yes, it shouldn't be returned to its origin, it should be used for another purpose, you are right. Start up a company that drives a barge to the middle of the ocean to collect "sediment" from 1600 feet below then resell it to all your like minded friends. Ahhhh, a wealthy future awaits you my friend!