Nautilus and State Nominee agree to extend option exercise date

[Monk3]

You are right. Thank you. Thank you a million times for putting forth your irrational negative speculation. The ship isn't being built just like the first 3 times. PNG asked for an extension =
"nagging suspicion" - FACT!
"Papua New Guinea is simply trying to gain some form of advantage." - Nefarious!!
"how close this delicate venture potentially is to one final and fatal disruption" ON THE BRINK OF FAILURE!!!!
"one of the three major investors throwing in the towel at long last"- Based on your tin foil hat?
"This again suggests that it is still rather difficult for the company to find other major investors". This is the case, beyond PNG there are ZERO investors.
And this ^^^ is just from one post. Same fear mongering exists in all your posts. That is all the time I am going to give this, I was hoping to lose the trolls in our departure from Yahoo... Marko, where's the ignore button?

PS - Nice edit, your first reply fueled my case, although I did like all of us being referred to as "perma optimists".

[observer]

This again suggests that it is still rather difficult for the company to find other major investors.

I disagree with this suggestion.  It does not reflect on Nautilus' ability to raise money, rather it reflects on PNG's lack of available budget.  They (PNG) are investing heavily in LNG and related infrastructure to the tune of $Billions.  They don't just have a $120 mil laying around to hand over to Nautilus.

I've made the case in other threads that PNG's investment would easily be a double or triple.  But again there are limited funds available and PNG has to prioritize where they invest.  No different than you or I, but hardly reflective on Nautilus itself.

I sincerely hope you will be proven right.

[Seanncn]

You are right. Thank you. Thank you a million times for putting forth your irrational negative speculation. The ship isn't being built just like the first 3 times. PNG asked for an extension = "nagging suspicion" - FACT! "Papua New Guinea is simply trying to gain some form of advantage." - Nefarious!! "how close this delicate venture potentially is to one final and fatal disruption" ON THE BRINK OF FAILURE!!!! "one of the three major investors throwing in the towel at long last"- Based on your tin foil hat? "This again suggests that it is still rather difficult for the company to find other major investors". This is the case, beyond PNG there are ZERO investors. And this ^^^ is just from one post. Same fear mongering exists in all your posts. That is all the time I am going to give this, I was hoping to lose the trolls in our departure from Yahoo... Marko, where's the ignore button? PS - Nice edit, your first reply fueled my case, although I did like all of us being referred to as "perma optimists".

Go Monk Go!!!!!! I was feeling the same way!!  Where is the ingnore button?

[seascandive]

Monk, you've come a long way!   Agreed... not much point in posting opinions from either camp (NUS is one step from BK or about to be the first trillion dollar company ever(no offense sean)).

"Any input, albeit critical from time to time, is still better than the utter absence of discussion. "  Isn't that trolling  -- Trying to ilicit reaction for the sake of 'absence of discussion'?

Whoop-dee-do that there's an extension.  PNG has skin in the game as does do some serious investors.  PNG nor the other whales are going to let NUS founder -- not when the capital needed to get to first ore is small compared to what the've already invested.  NUS doesn't NEED anything at his moment.  So what that a big and commited partner needs some extra time?  If PNG opts to not invest anymore there are still many other options.

If you think NUS is going bankrupt then short the stock, if you think it's going to be a step-change in the way that minerals are mined then go long.

[Seanncn]

I think Nautilus can easliy get investors from China.

[Seanncn]

Monk, you've come a long way!   Agreed... not much point in posting opinions from either camp (NUS is one step from BK or about to be the first trillion dollar company ever(no offense sean)).

"Any input, albeit critical from time to time, is still better than the utter absence of discussion. "  Isn't that trolling  -- Trying to ilicit reaction for the sake of 'absence of discussion'?

Whoop-dee-do that there's an extension.  PNG has skin in the game as does do some serious investors.  PNG nor the other whales are going to let NUS founder -- not when the capital needed to get to first ore is small compared to what the've already invested.  NUS doesn't NEED anything at his moment.  So what that a big and commited partner needs some extra time?  If PNG opts to not invest anymore there are still many other options.

If you think NUS is going bankrupt then short the stock, if you think it's going to be a step-change in the way that minerals are mined then go long.

No offense taken Seascandive.  I am a dreamer and a postive thinker.  I am only 29 and things always seem to go my way.

[seascandive]

I am a dreamer and a postive thinker.  I am only 29 and things always seem to go my way.

[observer]

  NUS doesn't NEED anything at his moment.  So what that a big and commited partner needs some extra time?  If PNG opts to not invest anymore there are still many other options.

We all agree that, for the time being, Nautilus has enough cash to carry on until the end of the year or slightly beyond that. As far as other options are concerned, it is indeed tempting to think that a Chinese businessmen, Mr Barwani or a Russian oligarch will come to the rescue should PNG be unable to enlarge its own share. That's what we all hope would happen, myself included. However, the reality is that PNG is not Greece and not broke. Rather, the government of PNG has signalled that investing in the Solwara I JV is not a priority at this point in time. We have no other context information on how PNG arrived at this conclusion and can only hope that in six months' time their assessment will have changed.

The fact that the stock price has doggedly refused to move beyond, say, 0.55 despite milestone after milestone being announced from Nautilus Minerals indicates that the market is still waiting for more significant breakthroughs following the agreement that was reached between PNG and the company last spring. The Nautilus story is out there, in some of the world's major newspapers (s. one of my earlier posts), waiting to be picked up and discussed. For whatever reason, scepticism still prevails in the investor community. In light of this subdued market sentiment, and in view of the protracted delay that PNG caused to the project prior to said agreement, any renewed signs of potential funding shortfalls not so far ahead future should warrant caution.

Bottom line: I too would like to see Nautilus succeed and as everyone else on this board, I have read the latest press releases documenting the progress made in assembling the various pieces of equipment. While I am not disputing the latter, the market's assessment of this venture continues to remain very sober while PNG has just signalled that the decision about the next cash infusion is something that can wait for another six months.

[steelrat]

PNG is low on money and over extended financially, but they still want a slice of the cake. Nautilus can't just piss them off by saying, sorry, you had your chance. Let us not forget that they have to work with that government for years to come.

If the funds are not needed now then what is the problem? Non!

I think we all saw something like this coming anyway and this situation is far better then PNG opting out altogether.

I also do not think that this will lead to any delays. Why should it? As long as there is money available to pay the bills it's full steam ahead.

By the way, @ Observer: The way I see it is that you really have no place here with your constant moaning and negative statements. We can clearly think for ourselves and noone likes a mood killer like you. I have yet to read one single relevant and constructive input you gave here. If you don't like the stock then sell it and refrain from posting here.

I feel like we are all sitting on a bus on the way to a big game to support our team and one guy contantly moans that our team is no good and that it will lose.

[Club_777]

  NUS doesn't NEED anything at his moment.  So what that a big and commited partner needs some extra time?  If PNG opts to not invest anymore there are still many other options.

We all agree that, for the time being, Nautilus has enough cash to carry on until the end of the year or slightly beyond that. As far as other options are concerned, it is indeed tempting to think that a Chinese businessmen, Mr Barwani or a Russian oligarch will come to the rescue should PNG be unable to enlarge its own share. That's what we all hope would happen, myself included. However, the reality is that PNG is not Greece and not broke. Rather, the government of PNG has signalled that investing in the Solwara I JV is not a priority at this point in time. We have no other context information on how PNG arrived at this conclusion and can only hope that in six months' time their assessment will have changed.

The fact that the stock price has doggedly refused to move beyond, say, 0.55 despite milestone after milestone being announced from Nautilus Minerals indicates that the market is still waiting for more significant breakthroughs following the agreement that was reached between PNG and the company last spring. The Nautilus story is out there, in some of the world's major newspapers (s. one of my earlier posts), waiting to be picked up and discussed. For whatever reason, scepticism still prevails in the investor community. In light of this subdued market sentiment, and in view of the protracted delay that PNG caused to the project prior to said agreement, any renewed signs of potential funding shortfalls not so far ahead future should warrant caution.

Bottom line: I too would like to see Nautilus succeed and as everyone else on this board, I have read the latest press releases documenting the progress made in assembling the various pieces of equipment. While I am not disputing the latter, the market's assessment of this venture continues to remain very sober while PNG has just signalled that the decision about the next cash infusion is something that can wait for another six months.

Dear observer,

• Nautilus already have a Russian oligarch behind its back, and a very powerful one... (see http://www.metalloinvest.com/en/about/go...e/founder/)
• If you want to short the stock - please do so - I would like to buy more shares...
• People like you will make the ones that actually post valuable information, stop doing so and we will get converted into another yahoo forum (the place, we all ran from...)

Thanks