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Friday, 03/20/2015 1:03:12 PM

Friday, March 20, 2015 1:03:12 PM

Post# of 3463
First part of new SA article, doing this from my phone so you guys will have to get the rest.
Odyssey Marine Exploration: What's The Deal?
OMEX • Today, 12:51 PM • Green River Asset • Comment!
Strategic investor bids $145mn to buy 65% of OMEX, implying valuation of $223 million. OMEX’s market cap prior to announcement was $45 million. Liquidity fears abate for one year minimum. “Strategic” is word of the day. MINOSA, the mining arm of Mexican industrial conglomerate, AHMSA, is second largest mining firm in Mexico. Investor’s clout and expertise offers OMEX significant benefits. OMEX now has a financially strong, politically connected, credible Mexican partner on its side of the table when it comes to negotiating a deal to develop Oceanica and other assets. Further catalysts: MIA approval, MINOSA equity investment, strategic fertilizer partnership , Victory re-approval, Victory recovery updates, Russell reconstitution, Central America title ruling, announcements regarding new mineral and/or shipwreck projects. Despite ownership dilution, valuation analysis indicates near-term target of $2, and 12 month upside of $4 to $6 (pre-split). Read now»
Volume:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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