You know what's kind of funny with these.....
comparisons? What is actually viewed as significant.
Blue Water signed an agreement with Endurance in 2017 for a shallow water project, The Pulaski.
In Jan 2018 they started bringing up coins. That lasted until September when Hurricane Florence devastated Wilmington and the Carolinas. The total number of coins salvaged was over 600, plus there were several gold watches and lots of other artifacts. All awarded to Endurance by the Court.
In 2019 they spent the season doing surveys for Endurance and located 7 wrecks. Late in the year they did a survey dive on the SS North Carolina wreck and found 3 gold coins on the very first day.
Last year they did a dive on the SS Merida which went down with 20 tons of silver. An admiralty claim may have been filed, not sure. I've been told that they located a few more artifacts from The Pulaski but nothing significant.
But because of Blue Water's success in 2018, Seafarer's best days (finding shipwreck material last month) are by contrast Blue Water's worst days (finding a few artifacts but nothing significant). Even when the 600 plus coins were found it was described by some as trinkets. The same for the History Channel project which airs soon.
Funny how that works. A great find by Seafarer's is described as a bad find by Blue Water.
Don't get me wrong, I want something other than museum artifacts. I want more treasure, and lots of it. I think that will drive the share price up again like it did in 2017/2018. The lack of continued success in bringing up more treasure has killed the stock price.
Here, it seems it's all about the paid promotions and hot air profits, huh?
Any word on that "done deal" recovery permit, or was that more hot air?
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