+ Watch OMEX
on My Watchlist
The Company is engaged in the archaeologically sensitive exploration and recovery of deep-water shipwrecks throughout the world.
OMEX could go lower, but the upside is "ginormous", as my young son would say, and that means really, really big. First, it will probably get the lion's share of the loot - half a billion dollars in silver, gold and treasure, from the "Black Swan", leaving Spain holding the bag. Then it has a couple hundred million in silver located in the English Channel ready for recovery. But that's not all! They have other deals with the Brits to salvage other valuable finds, and finally, they have a gold mine underwater in the South Pacific. This last is more iffy, but who cares? Just one of these works out to a pop. I own in real life, and so far, so good! OK, I bought it at $1.60, but I still like it. Spain's case is caught on the shoals.
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