The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
f*cking fantastic
http://investegate.co.uk/Article.aspx?id=20110414070002M7032 Still surprised at just how under the radar this company is....no debt, lots of cash and innovative business
Through this joint venture with Harren, we will secure a state of the art vessel to operate on this ground- breaking project. This will ensure that we have the best available equipment and the greatest operational efficiency and flexibility in bringing Solwara 1 into production." "It brings to the project the extensive shipping expertise and experience of Harren, which operates a fleet of 56 vessels around the world. In addition, an important aspect of the transaction is that it provides access to bank funding through the joint venture vehicle, enhancing capital flexibility for the project," he said. Harren Chairman, Peter Harren said the company was very familiar with international strategic partnerships, which have been a foundation of its business during its 20 years of operation. "During the course of our negotiations with Nautilus, we have built a strong relationship and believe that working together we can make a major contribution to this exciting project in Papua New Guinea," he said. Harren has completed preliminary design for the vessel, a multi-purpose dry cargo ship classed by Germanischer Lloyd. It has a length of 208m, beam of 40m, a deadweight capacity of approximately 18,800 tonnes and a speed of 17 knots. (See links 1 and 2 below for pictures of the vessel). The vessel will house generator sets producing 30MW of power for the vessel, seafloor production tools and associated pumping machinery, and will have on-board accomodation for up to 160 people, including 30 maritime crew. The vessel is to be built at a German shipyard. In addition to the Production Support Vessel, the other major pieces of equipment to be built prior to the start of operations include: /T/ 1. The Seafloor Production Tools. Three remotely operated machines - an auxiliary cutter, a bulk cutter, and a collecting machine - are in the final stages of design by UK company Soil Machine Dynamics. The design of these machines is based on technologies that are tried and proven in the oil and gas, trenching, marine dredging and mining industries. Key contracts are now in place for cutting heads, tracks and the launch and recovery system. 2. The Riser and Lifting System, which pumps the slurry from the seafloor to the Production Support Vessel. The design, being carried out by a US subsidiary of French group Technip, is close to finalisation with component testing now under way. /T/ These items of equipment are scheduled for delivery in early 2013 and will be wholly-owned by the Mining JV. Total capital cost estimate to complete the offshore production system for the Solwara 1 project have been reviewed in light of the Harren transaction. The total capital cost for the extraction of ore from the seafloor and delivery to the Port of Rabaul is now estimated to be approximately US$407 million. The US$167 million cost of the Production Support Vessel is tr
FOR: NAUTILUS MINERALS INC. TSX, AIM SYMBOL: NUS April 13, 2011 Nautilus Forms Strategic Partnership and Secures Vessel TORONTO, ONTARIO--(Marketwire - April 13, 2011) - Nautilus Minerals' (TSX:NUS)(AIM:NUS) plan to open a new frontier of seafloor resource production has taken a major step forward, with the formation of a strategic partnership with German shipping company Harren & Partner ("Harren"). A joint venture company (the "Vessel JV") is to be formed to own and operate a production support vessel which will serve as the operational base for Nautilus to produce high grade copper and gold ore at its first development project, Solwara 1, in the Bismarck Sea of Papua New Guinea ("PNG"). The vessel will be the floating platform for the mobilisation and remote operation of production machinery operating on the seafloor at water depths of approximately 1600 metres. The seafloor production tools will cut and gather ore which will be pumped in slurry form to the Production Support Vessel, where it will be processed through a dewatering plant before transfer to barges for transport and subsequent treatment. Under the terms of the strategic partnership, Harren will design and construct the vessel at a cost of approximately EUR127 million (US$167 million), with delivery scheduled for the first half of 2013. On delivery, the vessel will be sold to the Vessel JV in which Harren will hold a 50.01% interest. The remaining 49.99% of the Vessel JV will be controlled by Nautilus through a holding company in which the PNG government owns a 5% stake through its wholly owned company Petromin PNG Holdings Ltd ("Petromin"). The Vessel JV will charter the vessel to the mining joint venture (the "Mining JV"), in which Nautilus holds a 70% stake and Petromin holds a 30% stake, to carry out its seafloor production operations, for a period of eight years, at an average daily rate of US$70,000. Harren will provide crewing, logistics and ship management services to the Vessel JV which will be on charged at a daily rate of US$10,000 to the Mining JV. The Mining JV will provide a charterer's guarantee to the Vessel JV for an initial value of US$10 million reducing over a five year period to US$2.5 million. Funding for the Vessel JV will include approximately EUR75 million (US$99 million) in bank debt to be procured by Harren, which also will contribute EUR16 million (US$21 million) in equity and loans. Nautilus will contribute approximately EUR32 million (US$42 million) in equity and loans, and Petromin will contribute the remaining EUR4 million (US$5 million). "This transaction is a major step forward in the development of the seafloor resources industry," said Nautilus CEO Stephen Rogers. "Through this joint venture with Harren, we will secure a state of the art vessel to operate on this ground- breaking project. This will ensure that we have th
trade gone through at 7.99.....
dude I agree with you,sums dont add up, but it all depends on if the market wakes up....but based on the reaction last weel Im confident. Im £100pp so a urge up to 20p will see me happy for a weeks work. Dont have L2 so all info is appreciated
cheeky, that BOOM in the LSE sidebar made me check my charts, nothing there lol! Patience, boom time should be tomorrow, but a bit concerned about general Friday markets and Libya situation dampening any major boom's, what you think? Also is the meeting tomorrow or RNS tomorrow?
hello mate, just popped in for the sake of your sanity! Got this on a spreadbet,made some nice profit last week on the rise, currently sitting on a loss, but this should back to 12p if not a lot higher on confirmation of proposal tomorrow
FOR: NAUTILUS MINERALS INC. TSX, AIM SYMBOL: NUS February 22, 2011 Nautilus Minerals Inc.: PNG Government Option TORONTO, ONTARIO--(Marketwire - Feb. 22, 2011) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) has extended the term of an option retained by the PNG Government in January 2011 to enable it to take up to a 30% stake in the Solwara 1 project in the Bismarck Sea. If the option is exercised, the government will contribute funds to the project in proportion to its interest, including its share of the exploration and development costs incurred to date. Nautilus has extended the term of the option until March 11, 2011, to allow the government to complete its internal approval processes. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10794727 Have to say Im quite impressed NUS has held up at these levels (famous last words Im sure). Wasnt expecting this to be extended as the companies previous comments on this were bullish, but I suppose its a big commitment from the PNG government. However I think that if the government do exercise this option,then thats the confirmation Im looking for that the project will go ahead, and sp will rise considerably from here. Havent looked at the technicals though
10.25-11
so many large delayed trades and small automatic and uncrossing trades going on, can't really keep up. LP currently 10.5-11, pushing for a tick-up, I think this will close around 11.5-12
for NUS, this time at Solwara 12 http://www.live-pr.com/en/nautilus-unveils-a-second-high-grade-r1048739610.htm
Don't stand for it....find a broker that will do it (I imagine TDW won't have a problem)
good post, thanks
should have support @ 6p which is where the last shares were placed, seems to be teetering on the brink of falling below that though, which would not be good. I'm hoping this is just the mm's shaking out the last few shares (but there are probably some stop losses set below 6), they have moved the price down on very little volume, so same should be true on the way back up.
give it 70-100 years, I'm only 25 so hopefully will be able to get in on it. Sounds pretty stupid I know, but it's not that ridiculous....remember what was written as science-fiction 100years ago is reality now. NASA are already looking into the first steps to this, which is to use the resources in space to power human missions, so that we and the ship can be maintained longer and so that ships can potentially be built smaller on Earth, as they can be adapted in space http://isru.msfc.nasa.gov/ .....It's happening! But anyway, lets let NUS get gold off the seabed before we worry about mining it from the stars
I think you are right, more people were getting in this morning. It still amazes me that PIs haven't taken interest here, particularly when you consider the rush for junior miners there is on AIM at the moment. And just to clarify....mining the seabed will, imo, take place in the next 10 years, it's just a matter of time. The real future will be mining near earth asteriods, and if anyone has any tips for that I would happily bite your arm off!
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Hello, nice to see someone else posting on here instead of me talking to myself. More excellent results from NUS...but the real question is how many years do we have to wait to get that stuff out of the sea?
good post, I haven't been in here long either. CDG looks to have been trading in a range since the last leg up on the 3rd, hopefully consolidating before the next move up. But we need news on the scoping study, or some news, as is the way with AIM shares. CDG spiked to 12.9p in 2010 so I'm looking at that as a short-term target, not planning to be in here for too log but might change my mind, the more I read about this company the more I like it. I note one buy went through this morning @ 7.25, then I assume based on the conversation last week on iii that RENA pushed the price back down. I reckon CDG will be back up tomorrow, and continue to trade sideways for the week. Gl all