Hopeful Thread

[Bille2271]

TMC submits application for deep sea mining under US law

https://www.mining.com/tmc-submits-appli...er-us-law/

Interesting that there was no positive movement on the stock price with this announcement. Still time to stock up....

[LongNautilus]

"For a worthless(.000001) stock these numbers are ridiculous. But for a stock that has potential....maybe 1000 shares has some value?"

I'm just glad it's still trading every month. 193 million + shares since the August 2018 "bankruptcy". The Nautilus New Era / Windpiper has been in this port for 53 days. I wonder what they're fine-tuning after the multiple sea trial runs..

https://www.vesselfinder.com/vessels/details/9765653

[KingKongFong]

Why Does NUSMF Still Trade on OTC Markets?

NUSMF still appears on the OTC Expert Market, but: This does not indicate the company is active. Only broker-dealers and institutions can access these securities—retail trading is generally restricted. Any trading is likely for tax, accounting, or settlement reasons, not investment interest.


Is There Any Chance Shareholders Could Get Equity If DSMF Restructures or Goes Public?

Legally and financially, shareholders of Nautilus have no ownership stake in DSMF. Even if DSMF eventually goes public or is acquired, it would be considered a separate company, with new ownership and capitalization.

Unless DSMF voluntarily decided to allocate shares to former Nautilus shareholders (an unprecedented and extremely unlikely move), you would have no claim to any equity or proceeds.

This is akin to owning shares in a house that was foreclosed, demolished, and rebuilt by the bank—you don’t get a share in the new house just because you once lived in the old one.

There is no realistic or legal pathway for former Nautilus shareholders to receive equity in DSMF—even if DSMF becomes publicly traded in the future. Any value in NUSMF stock today is illusory.

[HLV]

I agree its a long shot. But they said themselves they are using shares to compensate their partners that are helping them be commercially viable. Using a Joint Venture is not a good corporate vehicle to provide % ownership to your partners. A corporation is a good way to do this and compensating partners with stock options is pretty common place. I doubt there is any tax/accounting/settlements happening on a month to month basis several years after being bankrupt with all your assets acquired. This would have likely happened years ago, and wouldn't be small month to month transactions for many years. What settlments would still be going on today where 1000 shares of a worthless company would have any relevance? Or what tax implications are you referring to? What accounting would they be doing?

On the other hand when you have stakeholders who are gaining a vested interest in your company and you are operating as a JV, from a corporate M&A perspective, it would be relatively simple to just leave your old corporate structure in place, and leverage all the outstanding shares to compensate your partners then just re-list the stock when you're ready. This takes care of all your old stakeholders and new partners.

All pure speculation, but I think its more plausible then them using worthless shares of a defunct company 4+ years later for taxes, accounting, settlements.

[LongNautilus]

Kong makes great points as always and I would agree with him 99 out of 100 times, but in this particular case I lean towards the joint partners (Mawarid Mettalo who both own DSMF too) reviving the existing Nautilus shell. This whole process is still really weird to me - I've never seen anything like it in my 25 years of active investing. All speculation on my end though.

I will NEVER surrender my shares. Ever!!!

[LongNautilus]

If the U.S. sidesteps the ISA completely and approves the recovery permit in June will that prompt other nations to finally move forward? PNG's Solwara 1 is still the only fully permitted deep sea mining site in the world. After 30 years I don't think the ISA will ever complete the mining code - so possibly...

“We believe this US-based pathway offers the greatest probability of receiving a commercial permit in a timely, transparent and legally robust manner, giving us clear line of sight to responsible commercial operations.”

Barron expects the commercial recovery permit to be deemed complaint prior to the end of June, TMC will then go through an environmental review if successful."

https://pacific.scoop.co.nz/2025/05/deep...-us-route/

[HLV]

Crazy thing is...I've made 3 times as much on TMC stock then I've ever invested in NUSMF(Thank you mr. trump)....but I'm still more optimistic then ever on my nautilus lottery ticket

[LongNautilus]

[quote="HLV" pid='85273' dateline='1748075503']
Crazy thing is...I've made 3 times as much on TMC stock then I've ever invested in NUSMF(Thank you mr. trump)....but I'm still more optimistic then ever on my nautilus lottery ticket

That's awesome HLV - good for you! The facts still remain:
1.) that Nautilus still owns all of the needed patents to actually mine
2.) TMC executives past and present founded and ran Nautilus for years
3.) TMC's only mineable assets come from Nautilus
4.) TMC and DSMF/Nautilus are both currently using Magellan for survey work.

I could go on. How incredible would it be if it actually happened? But right now its basically a lottery ticket.

[steelrat]

Actually, it's a hell of a lot of tickets!

[LongNautilus]

If nusmf doesn't trade tomorrow it'll be the first time since I bought my first shares back in 2012 that it will have gone an entire calender month without a trade.

What does it mean? Are the accredited investors finished consolidating the available remaining float? Are we officially done? Don't know!!


https://www.otcmarkets.com/stock/NUSMF/quote