Member Info for ceckyspunt

they listed in London to get access to funding, but they don't need that any more, and lack of interest in the UK means they will save cash and effort by only trading on the ASX. I recall they excluded UK holders from a rights issue a couple of years ago... This is still my favourite share!

http://www.h-l.co.uk/shares/shares-search-results/n/nautilus-minerals-inc i don't know who you are with, but i constantly have the same problem with TDW, but i find that a quick phone call solves the problem, so talk to your broker...

"mining near earth asteroids"?? are you serious? i thought you were being serious until i read that... maybe you've been watching a few too many star trek episodes... i mean, if cost were not an issue, like maybe if our survival depended on it them maybe, but as a commercial venture, no way, not this side of the next millenium!

i think the last rns titled "drilling report" but which was in fact notification of issuance of a 20 year fully inclusive mining license, and todays 3pm rns have both been missed by the markets... plus the fact that NUS are ISA able and we are approaching year end! im not sure about the technology, but it seems to me that mining the seabed is the future!

i sold all my DME shares recently at 88p in anticipation of a consolidation period and concern over recent us jobs data and uk interest rates, but now the storm has passed i am happy to get back in to DME at near the bottom of the trading range, bought back in at 79p late last week... if this goes lower from here i will be worried!

"The mining lease gives Nautilus the exclusive right to import and construct required equipment and to extract, process and sell minerals in accordance with the project development plan submitted by the company and the environmental permit granted by the PNG Government in 2009..."

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2011) - The Government of Papua New Guinea has today granted the world's first deep sea mining lease to Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) for the development of its Solwara 1 project in the Bismarck Sea. The lease covers an area of approximately 59 km(2) surrounding Solwara 1, 50 km north of Rabaul, where Nautilus intends to mine high-grade copper and gold deposits on the seafloor, at depths of approximately 1600 metres. The mining lease has been granted for an initial 20 year term...

20 year license issued... look fantastic!

ASX:DML hitting new highs again in early trade in Oz...

huge manganese prospecting licenses awarded to DME in southern botswana, covers all metals and is an extension of mineral belt which exists over the border in south africa, possibly covered in 45m of sand but potential for world class manganese deposits...

this share is just fantastic, not only is the bb quiet and free from idiots, but the company just keeps on delivering on its promises, and what a future this looks to have! the SP is in consolidation mode following the recent fund raising, and UK investors are still fuming that once again we get left out of the offer, but that asside DME will soon start to rise again... target price for end of this year is just shy of 200p, lets say 185p for a conservative guestimate, though ofc it wont be a straight line...

the entire gold market has gone cold today as the commodity drops $20 in value and miners follow suit... i guess some people are taking profit from gold generally and are considering where gold will go after xmas... gold has seen some very high prices recently and maybe economic conditions are not as bad as some expected, so maybe there will be a cooling off period for a while?

im gonna have to do some reading!

interesting high grade gold results...

big moves in london last week by JP Morgan to corner the copper market investing a billion GBP in actual copper to back their paper traded ETFs... just how this will effect the price of copper (and other base metals) is anyones guess, but i expect the net effect will be a further surge in interest by speculators to silly high prices as the hard commodities get squeezed in a demand/supply imbalance... DME are of course many months from actually producing anything but interest in this company will increase massively as their already impressive numbers get better and better with every cent rise in copper and silver price! others to watch are HER and AFE, both moving to feasibility study stage, both have had recent placings and are well funded for the next year, and both have large base metal assets...

The Directors continue to believe that current market conditions will provide good opportunities for a positive return from the above investments where prices of the Investment Metals to which the Company has exposure increase. The Directors do not envisage that the Company's investment portfolio will be leveraged initially; however, this position may be reviewed should the Board become aware of available and commercially prudent financing arrangements. The Company will consider cross holdings of shares in circumstances that would benefit its broader investment strategy. In evaluating possible additional opportunities in Investment Metals the Directors will take into account the goal of achieving a diversified exposure to different Investment Metals as well as the market outlook for individual elements, although there will be no maximum exposure limits. The Directors estimate that investments will be held for periods of up to five years. The Directors believe that their collective experience in the areas of mining, acquisitions, accounting and corporate and financial management, together with the opinion of expert consultants in the evaluation and exploitation of Investment Metals opportunities, will enable the Company to achieve its objectives. Furthermore the Directors intend to take an active role in the management and development of any future projects.

im quite impressed, tho i admit i was a little concerned that EML were now actually an investment company rather than an E & P miner these days... and if this plan works, and im sure it will, then EML will no longer simply be relying on capital growth of other companies, and will not need capital expenditure on drilling and mine development for a return years later, but can instead use the current large cash balance to invest in derivatives and hard assets which can be traded to turn an instant profit! yes, i said "PROFIT"... and that means a SP re-rating IMHO!

it appears to be a new departure from the norm, after the disposal of KAH interest and dispersal of monies via divi, EML have £10m in the bank, but i wondered what they were going to do with themselves post KAH... now we appear to be getting the answer, and i think it has taken us all by surprise!

but what does it mean??

placing being finalised, suspended in Oz for a few days as is usual over there... funding sorted at a 10% discount, and rights issue too but UK residents not invited... sold all my DME yesterday at 76p, i want back in again already... copper and silver prices going up dramatically due to QE2