CAPITAL MARKETS

Trader mocks Nautilus board

NAUTILUS Minerals shares closed almost 10% down overnight after self-promoting algorithmic trader Michael Bailey dared the board to execute his proposed $C80 million ($A76.9 million) capital raising to "prevent" his takeover of the company.

Blair Price
Trader mocks Nautilus board

Bailey launched his controversial $238 million cash, hostile takeover proposal via a press release at the start of last week and he further increased it by 13% to $1.10 a share on Friday. Nautilus...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.