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Still trading in a very tight range with no give or take between buyers and sellers. Already almost 250,000 shares traded in first 20 minutes today so still plenty of posturing going on.
Still hoping that as we get nearer the completion dates at least one of the better known gold companies will take a position which would be huge. I'm sure Nautilus have many patents in place that would be of interest to other Companies wanting to get into the space.
The financial results announced today....The most positive comment is in the very last sentence. The project completion is still set for Q1 2019.
•Received US$4 million through the US$20 million bridge financing facility provided by the Company's two largest shareholders.
•Announced the arrival of the Seafloor Production Tools (SPTs) in PNG.
•Announced the arrival of the LARS and ancillary equipment to the Mawei shipyard in China.
•US$19.5 million in cash and cash equivalents as at March 31, 2017.
Mike Johnston, Nautilus' CEO, commented, "It was very pleasing to see the SPTs arrive in PNG where they will undergo submerged trials in the coming months. We now remain focused on the build of the Production Support Vessel and the integration of the rest of the equipment on it. Subject to further financing, we remain on schedule to develop the world's first commercial high grade seafloor copper-gold mine at the Solwara 1 project site in Q1 2019*."
Seems to be deep entrenchment in the 24 - 25.5 cent bracket with very little give or take on the bid/ask which has caused the big drop off in trading volume. The more NUSMF can update the completion schedule the more chance of some movement in the share price.
I'm 5 years holding and bought in at $3 first time around. Been alot of dilution and delays since those days. Did get a whole bunch more on last years 15 cent offering which brought down my average cost per share significantly.
Now that we are starting to see completed components arriving and other majors parts of the jigsaw puzzle well into production I'm starting to get that good feeling back again.
The share price movement has also been interesting, a month ago the share price shot up from 15 cents to 26.5 cents in about 3 days but then dropped back to 20 cents pretty quickly. Since then however the has been a steady climb back up and consolidation at the various levels, also the volume has been very healthy. That is a really encouraging trend and hopefully we continue to see steady growth up until the launch in the first quarter of 2019.
Obviously the one big stumbling block for Nautilus will be as we get closer, I expect the treehuggers and protesters to step up there opposition to the idea of mining the seabed. In the meantime I'll continue to enjoy the ride.
Interesting concept, could be some big players coming in if this works.
Nautilus Minerals' Seafloor Production Tools Arrive in Papua New Guinea
Monday, April 03, 2017
Nautilus Minerals' Seafloor Production Tools Arrive in Papua New Guinea
News today
07:30 EDT Monday, April 03, 2017
TORONTO, ONTARIO--(Marketwired - April 3, 2017) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that the Company's Seafloor Production Tools have arrived in Papua New Guinea ("PNG"), and will shortly commence submerged trials.
Mike Johnston, Nautilus' CEO, commented, "We are delighted to be undertaking submerged trials in PNG. The trials will result in money and investment going into the PNG economy, and the employment of Papua New Guineans in 'state of the art' technology which are some of the key benefits of seafloor production. The trials also allow us to work closely with our partner Petromin, government officers from the various government agencies, as well as representatives from Provincial Governments of New Ireland and East New Britain."
The submerged trials will happen in an existing facility on Motukea Island, near Port Moresby in PNG.
Don't hold your breath for to long that things will develop quickly. I have been in Nautilus for over 5 years and paid over $3 each for my first bunch of shares. Fortunately I took advantage of last years 15 cent offering which brought my average cost down substantially.
The problem has been, on every update, the expected launch date goes out by at least another quarter, now it is the 1st quarter 2019. I wish we could be certain that Nautilus will hold that date but the track record says it wont.
Our saving grace is that the 2 major shareholders have stood firm and have also given more money when asked for, however the shares have become much more diluted in the process.
If Nautilus can still prove to investors that they can achieve the 1st quarter 2019, by this time next year, then I really do believe the following 12 months, through to launch, could see some major action on the share price but there could also be some further dilution of shares in the interim due to more loans required to complete the ongoing work.
This has been brewing of late and an upward trend seems to be forming. Up around 25% from the recent money raising share offer price of 15 cents (Canadian).
S2.45 that will buy you a cup of coffee in one of the many Grillit franchises that must have been built by now as per part of the 5 year plan of 90+ franchises that were promised.
Ha ha what a load of predictable codswallop GRLT turned out to be.
You have been loading up since it was a lot higher price than one's. It's all shit or bust now brother.
So when does he R/S come on the 2.7 billion (or is it 10 billion) GRLT shares. Or are Opus just going to make them miraculously disappear into the sunset and open up as a brand new trading entity??
Are you still as optimistic, I'm inKleined to think your not lol.
I remember when GRLT had 8 million shares trading at $5. 2 years later it has 2.7 Billion (and there may be many more than that). This POS has wiped so many people out if they held for more than a couple of days it's not even funny anymore.
When any Company has 2.7 billion shares and it's not trading on the lowest number it can possibly go and no bids, that's it, it's TOAST.
Ha-ha traded 100 shares for one cent today. What a joke this scam is lol.
Karma is a bitch, looks like the coffin lid has finally been nailed shut on this scam. No bids and the minimum ask, it's a few months since I've been on here but it feels great to be able to gloat and say I told you so.
Good to see that someone out there is applying common sense and logic. If it were possible GRLT is worth 0.000001 which means it is around 300 x overvalued ATM. So my valuation is around $1000 GLTA.
Rumpelstiltskin can help you out, 100 years sounds about right.
Shareholders Henry L Klein, Raimundo Dias, Ghazi Hajj, Bigfoot, Santa Claus and The Marshmallow Man out of ghostbusters reincarnated. I'm sure discussions will be intense.
Yes I'm really kicking myself that I didn't buy it at $5 or less and watch it go all the way down to .0002? And now I wont kick myself when the R/S happens and all existing holders get hung out to dry. The question is how many more dilutions take place before that happens? As an active investor for over 35 years I don't lose sleep over the ones that get away, but I also generally know a sleazy stock when I see one.
It's brilliant isn't it when nobody has a clue as to how many shares are out there!!!!!! That means everybody in GRLT is in it on a wing and a prayer? And that means anyone quoting DD and not knowing the true share structure is talking BS. (just my honest opinion)
Yes the pumpers love it when nobody is there to downplay the pump. They make their money and move on. Then the people left become the bagholders. I've seen it hundreds of times.
Tell me which of your 99% correct picks made you money, at what price you bought them and we'll see what they are now. If you are playing the sub-pennies, which I suppose you are, then we'll see how many of them still exist, how many have since collapsed (as 99% of pumps do) and how many have progressed to the big boards. Only people in the know have a 99% winning record in the Pinkies or they are bull-shitters.
The previous times there was such high volume it transpired 3 or 4 days later that the insiders had increased the number of outstanding shares without announcing said increase. They dumped them on the market before their hoodwink was found out.
How long have you followed GRLT? Look at some of my previous GRLT posts over the past couple of years.
To quote a passage from your reply " all who listens to you without doing their DD well I feel sorry about their pockets" Well if all those people had listened to my comments for the past 2 years they wouldn't "feel sorry about their pockets" to quote your bad English.
Another insider dump
How many more billions of worthless shares are they going to keep issuing, as they have during the last 3 years, and especially the last 3 months? When will the R/S happen? Once the R/S comes into effect how long before they bring out the next new issues to totally decimate the investors who are holding the millions of shares today.
The present people behind GRLT have not shown one iota of sympathy towards investors, they have royally screwed everybody that has put a penny into this. And IF they see a legitimate business plan and market out there, there is no way the sub-penny buyers of this will have a major part of the future business. If this wasn't the case the insiders would be driving up the price now by buying their shares back, and as you can see that's not happening.
When they had 2 stores 36 months ago they said they would be up to 80+ within 5 years (hence the $5 run-up pump & dump scam) that transpired. So now where do they sit? is it 3 outlets or still 2 I'm losing count there is just that many ha-ha.
If you are holding out for 40 outlets don't go holding your breath.
Because of the massive share dilution that has been orchestrated by the insiders of GRLT, to many sub-penny holders are out there so if the insiders really do think they are sitting on something with real value they will squeeze the balls right off everyone with a R/S and then come out with a new issue to dilute it again.
GRLT only get a one time $25K for each franchise opening and then 4% of yearly sales thereafter. You can bet your bottom dollar that the $25K from this franchise is long gone. If the yearly revenue here is $500K then that is $20K per year which is about the same as the girl taking the orders at the drive-thru.
Why would they buy back the very same shares that they have been dumping on all the gullible people for the last 2 years? Sheeeesh is there any brain cells among GRLT investors??
Agree Sunspotter although the "pump" disappeared from this quite a while ago. It's now just a "dump" and the people dumping are the shysters fronting GRLT.
They have successfully turned 8 million shares into billions (nobody really knows how many) shares in a few short years and dumped it all on investors. And the sad part is that despite everything there are some people on here that do genuinely believe in GRLT. Let me tell you that the 2 or is it 3? Grillit outlets are just a front for the ongoing investor scam that is GRLT.
Actually I have a picture of the location, looks like it is going well.
https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcRVKRPds8Pz7ya3KAplC2P-FhR_vj0-auBeeBiD63wZpP5WuI8b_Q
Do you seriously think that MD's, CO's and senior managers within legitimate Company's are going to talk to any Joe Blow off the street about inside information.
I've been checked out of GRLT for over 2 months but the same posters and the same BS is still prevalent. Another constant is the share price despite all the bluster and "take off next week" comments it's gone nowhere.
GRLT is one big piece of Dogsh-t. Always was and always will be.
Have a good day
don't hold your breath....Just looking in and nothing has changed at GRLT.....Once a POS always a POS.
Well it finally hit .0001 today, what a POS this has turned out to be. My expectations have been realized and I'm outa here for good. GLTA
Just because the face of GRLT has a couple of outlets "Grillit" it does not give any legitimacy behind the people using this as a vehicle to scam investors. I would liken it to the Mafia running a couple of dry-cleaning business. As Michael Corleone said “It’s not personal, Sonny. It’s strictly business.”
No doubt!!!!
Do you honestly think you got a deal? It's the people printing this rubbish that are selling them to you. The par value of each share is .0001 so they are the only people left that can make any money selling at .0002.
Looks like the insiders have given up asking for 3's and are now resigned to filling the orders at 2's (99 million worthless pieces of paper dumped since lunch). Ones on the bid shortly.
Looks like everybody has taken your advice, this POS has finally settled in Shitsville. $120 today, talk about pitiful.
I think being on the trippy stuff would be a pre-requisite to investing your hard earned cash in GRLT. LOL.
It's not a word, it's the letter "R" and it could have a subliminal meaning, as in helter skelter.
I think it means G"R"LT is a scam!!!!