Thanks for the report Marko. Do you know how the deal with Tong Ling is structured? Are they just processing the ore or are they like you said, "our sole customer. I'm not well versed in mining, do deals like ours with Tong Ling happen or happen often? How do they determine what to pay Nautilus per container of ore?
I range trade mostly blue chip stocks for a 4- 10% return per trade (If things work out! :-) LOL). I am not new to pennies but I don't trade them. I play gold and gold producers (the big ones) but mostly it has been tech, since that was my background before becoming a trader. NUS is a completely unique stock so I can't really see drawing a line between any other stock's history and NUS's. I am VERY happy to see this tight trading range. I think we have finally got down to a bunch of investor's who aren't looking for a quick win and are not willing to sell. The 200, 500 and 1000 share lots that have been trading are no longer manipulating the share price, I actually was happy to see it slow to almost a stop on the TSX. People picking up a 40,000 position, great $20K investment. I don't know who is selling it to them, perhaps NUS from its own kitty to not run the risk of being delisted? To answer your question, I haven't seen this type of action as it is pretty far out of my wheelhouse but as a career trader, I am happy and confident and don't see any funny business (takeover, etc.). The word is out and I guess(?!!!!) everyone that has heard of it has bought it and everyone else is doing something else with their money. I am waiting for the ship announcement and then will sell as soon as things start settling down or if I can realize a spike. I will then happily go back to making money with my system, the opportunities missed in this predictable volatile market recently... argh!!! I'll buy back in well before the ship hits the water and get back into the waiting game with NUS for the big payout come first ore and beyond. Once it hits $2 and I can margin it, I will be buying it all the way up until I sell it all during or after the first ore frenzy. Want some fun... Wiki "Bre-X", that is what can happen to a penny that doesn't even have gold! LOL
Have a good night,
Hey Moonrava. I've wondered out this since they made the agreement with Tong Ling. Anyone have any idea how the financial agreement has been arranged? Is NUS selling containers full of ore to TL at the ship? I don't see how that could work. You could have a container worth nothing or millions. The ore would have to be analyzed first at least to find out the concentrates. I thought Tong Ling was just taking it and processing it, that NUS might pay a fee be the product of refinement would still be NUS's to sell...? Marko? SSD? Anyone? You guys usually know how this stuff works... :-)
SSD, I sure wish so too but it is going to be a couple years. I don't know about the others but I do think that gold is going to have another run relatively soon. Probably up and down again by the time we start production but will probably end with a higher low than we have now.
Nice post SBM. NGO thumping chest again, hope they understand the inevitability of this and settle down.
Ha! No I'm not. Been busy, missed out on that speculation chatter. The bigger laugh is that I thought it was July 25, not June 25. That is why I thought I missed something or ridiculous things were being said because we had over a month to go. My apologies, three trading days left!! Woot! Guess I need to get glasses... :-(
From NY Times:
Got to agree with seanncn. I believe they could easily announce prior to the meeting. Anytime between now and then I figure. I think it would be hard/illegal to have that information and withhold it or choose to wait to announce it.
FYI, this came out today. Virtually nothing shorted which is typical for NUS but you can see those ridiculous 500 share manipulative end of day trades were probably based on that 78,000 block in May. Sorry it's ugly but that is the way it pasted.
NAUTILUS MINERALS IN ("NUS-T;NUSMF-0")
- OTC Short Positions on 2014/05/30 14,860 9,960 0.50
Net Total Last Total Price
Date Change Shorted Price Volume Range
2014/05/30 9,960 14,860 0.50 1,623,900 0.49 - 0.50
2014/05/15 -73,428 4,900 0.47 4,020,900 0.41 - 0.52
2014/04/30 74,513 78,328 0.54 8,570,300 0.20 - 0.60
2014/04/15 -3,610 3,815 0.20 683,999 0.19 - 0.20
2014/03/31 6,143 7,425 0.20 486,200 0.20 - 0.21
2014/03/14 1,082 1,282 0.22 283,700 0.22 - 0.23
2014/02/28 -25 200 0.23 677,500 0.21 - 0.23
2014/02/14 -38,541 225 0.21 789,000 0.21 - 0.23
Great quote and well put. That is exactly what Nautilus' stance should be on environmental impact. They did the study, they got the enviro permit. They should stop being bothered until some intervention is justified rather than speculated.
The money is in the bank. In my opinion, virtually nothing matters now that has been troublesome in the past. I believe the NGOs have no power once the process has started other than Greenpeace ramming the SPV which would be an issue...
Not trolling, I think it is good to have all the information out there and to keep in mind ALL the factors that could effect anything. I've been following and trading NUS since 2004 I believe we FINALLY are in the home stretch. All squabbling aside, hurdles overcome, now it is time to make money. Stage one, .20 to .60 already happened, stage two soon .60 to ? ($1.20 maybe with some good hype). Finally stage three when they pull ore in 2+ years $1.20 - ? (I would think a $7 base and sky's the limit for the speculators). Risk to profits? There are many. Buyout, earthquakes, North Korea, another financial meltdown, equipment failure, pirates, revolt, asteroid hitting earth, Marko deleting this post, etc.. But! If it goes smooth it will be retirement time. :-)
I went all in at the PPS collapse in December 2012 then doubled it with the rights offering and it has worked out so far, that is how positive I am that my 25 cent shares are going to make me a big profit. I trade in a world of certainties so what am I doing trading in a non-bluechip like NUS?
LOL. To be honest, I would love to work for Nauitlus, in a couple of years they will be making history, it is going to be an exciting time. Hope the financial and socioeconomic world stays on good behavior for the next 24+ months. Not to mention I could give Mike a haircut and a kick in the pants when necessary.
Argh! BECAUSE! That is why. Because they told us. because they don't have the money to build two ships, because they barely have enough to build one, because it doesn't make business sense to do ANYTHING that you are suggesting, because they are going to do what 100% moves the company forward not ~MIGHT~ be a good idea. because they will not do something for the shareholders whims and suggestions. 14 years trying to get this going, finally they are actually doing it and people here are more knowledgable than th engineers that have been involved with this for years and years. Yah, after ALL the unbelievable hurdles NUS has overcome (easy Marko) they are going to actually get this project back online. Yes they should build a fleet of SPVs at this stage of the project... brilliant suggestion. With all that extra money they have, right? Why not launch a satellite at the same time to monitor our progress from space? Wait! We could retro-fit an existing satellite and launch for 97.657% of what it would cost us to build our own and we would have it ready at least 6 to 8 days earlier!!
Voting for what LDKKF?
That's a stretch Steve. Kinda like most of the topics and comments posted in the last week or two. Perhaps it is fun to guess at everything and come up with ten scenarios for each twitch that Nautilus does or doesn't make. Two ships, sure, why not? .20 something and $5+ share price speculation... sure.
One thing that has been proven is how simply Nautilus is over all the years, especially now with Mike and Shontel at the helm. They tell us outright, "We are going to build our own ship. Retro-fitting one would pretty much be like building a new one but more expensive so we are going to build our own suited specifically for our needs." They tell us this on two separate conference calls. People even ask "Are you sure you are not going to retro-fit?" And they answer, "Yes!" with a full explanation. But here we are elbowing Usmanov in the ribs going "Come on, give us a ship... You have the money...". That isn't happening. Nautilus getting TWO ships instead of just the one that they are going to build... That isn't happening. They are going to plod through with PNG and build their own ship. What is the &%*#ing guess work for? Like tradingdayz? Just typing because you don't have anything better to do? No offense but this board used to be about information, any tidbits even. Now it seems to be run by the guys that are selling themselves 500 shares at the end of the day to keep the stock price down a penny or two.
No. You must be getting frustrated since you don't understand. As of close today, on the TSX, you would have to buy approx. 550,000 shares in order to buy up all the shares offered at lower than $1.00 to get to $1.00, but then again that would all change once you started on your buying spree... Get "Level 2" with your brokerage and then you can see the bid-ask depth of the market.