Tuesday, November 9, 2010

Odyssey Finds Another Treasure

If you want to know who or what OMEX is, catch up with the previous post. I don't have time to explain. In their earnings press releases last week, Odyssey Marine Exploration talked about a hundred things before they got around to this paragraph, buried near the close:

"Based on preliminary results, there is evidence suggesting that at least one of the 'Robert Fraser Project' target shipwrecks has been located. Additional analysis and investigation is currently underway."

The lawyers don't let OMEX say things like that unless they're pretty darn sure. How big is it? Where is it? Can we bring that bad boy up and sell the hell out of her gold coins?

The stock went down a little, probably because it's doubled already this year. I'm not the only investor expecting big things.

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