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Odyssey Marine Exploration Inc. Message Board

oldsalt123456 6 posts  |  Last Activity: Apr 15, 2014 3:17 PM Member since: Mar 28, 2007
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  • Reply to

    Odyssey Explorer

    by stevemacfarlane Apr 15, 2014 2:13 PM
    oldsalt123456 oldsalt123456 Apr 15, 2014 3:17 PM Flag

    I also think they are over the site of the SS Central America now, could get a press release on the start of the project perhaps. I'm pretty sure they said they will do a photo mosaic and then start recovery operations after that once they have it completed. There is a chance they are stopping at the site though before going to port but we don't know really.

  • Reply to

    St. Georges

    by carciemgranstaff Apr 11, 2014 11:32 AM
    oldsalt123456 oldsalt123456 Apr 11, 2014 12:14 PM Flag

    From here it is about 4 days to NC then they load up for the start of recovery.

  • Reply to

    Destination: Bermuda

    by jmayr1969 Apr 10, 2014 10:11 AM
    oldsalt123456 oldsalt123456 Apr 10, 2014 11:55 AM Flag

    I'm see destination Bermuda and an ETA of April 11th which is tomorrow.

  • oldsalt123456 oldsalt123456 Mar 13, 2014 4:03 PM Flag

    If you read the court statements on the SS Central America you will notice that it discusses an "Up Treasure" and a "Down Treasure". The "Down Treasure is not what Morris thinks it is.

    The "Up Treasure" is what has already been brought up, and the "Down Treasure" is what is still at the site according to what I have read. Since the official records on the treasure burned up in the San Francisco fire nobody can say for sure what was loaded in total.

    The site is apparently about the size of a football field, and around 5% of it has been excavated is all. That doesn't mean 95% of the treasure is still there, but only that given the amount of gold carried by passengers and the original team going after the easiest recoveries first and finding it, you have to assume there is still a lot of gold at the site.

    How much will only be known obviously after the recovery happens, but i assume the contract will pay first OMEX for the recovery fees and there is at least enough to cover that amount at the absolute minimum, so the company cannot lose money on this project. I expect the company will find more than enough to make a profit on this site and it is gold that sells easily in the market, people are already paying high premiums for past SS Central America gold.

    Also artifacts themselves besides the gold are valuable, they may be able to bring up more than just gold.Once news of the recovery start happening next month let's see what happens, but my bet is the stock goes higher from here.

  • Reply to

    SS Central America

    by howieeury Mar 4, 2014 10:13 AM
    oldsalt123456 oldsalt123456 Mar 4, 2014 12:32 PM Flag

    As far as I remember she sailed across so should be able to sail back, the OE went to the Med area as well. You can read the August 18, 2003 press release about them planning to do the SS Republic with the Odyssey Explorer and it had capabilities down to 2500 meters back then. They have deeper ROVs now so is why i think they will use her.

  • Reply to

    SS Central America

    by howieeury Mar 4, 2014 10:13 AM
    oldsalt123456 oldsalt123456 Mar 4, 2014 11:37 AM Flag

    I haven't read from the company what ship will be used but it might be the Odyssey Explorer as it could be getting fitted for the recovery right now. Also the SS Central America had a lot of passenger gold aboard too, even the Captain left his stash behind. Once they start bringing up gold and with a commodity wreck later this year this stock could get much higher from here.

OMEX
2.18+0.05(+2.35%)Apr 17 4:00 PMEDT

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