Nautilus Minerals NUSMF (NUSMF)

[kentonmag1]

I have been a Nautilus shareholder for over 3 years. The reason it is only at 20 cents is because it has been in a battle with the Papua New Guinnea goverment for the last 2 years. That has caused major cash flow problems as well as a delay in building the ship that has all the facilities to carryout the sea floor dredging and processing on deck.
The Company does have some major shareholders who have stood by them so unless they go totally out of business then they could be a turnaround success. I hope so because I paid way more than today's prices when i bought in and I just can't bring myself to spend anymore in averaging down because i just don't know whether it will be a win or not.
It is one of those situations when you wish you could see inside a crystal ball.