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ODYSSEY MARINE EXPLORATION (OMEX)

6 Posts
| Omlaag ↓
  1. [verwijderd] 12 april 2016 16:32

    Profitmaker is zojuist in het aandeel gestapt. Aandeel stond paar dagen terug nog op 9 dollar en nu op op ruim 3 dollar.

    Problemen van de Mexcaanse overheid bij een project omdat schildpadden moeten worden beschermd zijn het probleem,

    Bedrijf werkt aan alternatief plan waarbij schildpadden beschermd worden dus dit aandeel biedt een enorme kans.

    In met 2250 stuks.
  2. [verwijderd] 12 april 2016 16:47


    Zie bovenstaand artikel in vorige post

    Summary


    Approval of Don Diego project was delayed in order to address concerns about sea turtles.

    There are multiple avenues by which approval can be achieved in the coming months.

    Strategic investor MINOSA reiterated its support and commitment to get the project approved.

    Don Diego asset has been valued around $2 billion.

    Odyssey Marine (NASDAQ:OMEX) was dealt a blow this morning when environmental approval of the Don Diego phosphate deposit was delayed yet again. While this is a devastating blow for the stock, down over 60% on the news, all is not lost. The encouraging news is that Mexican environmental agency SEMARNAT delayed the approval because of just one issue regarding sea turtle mortality, which of all the issues it could have picked, is probably the easiest to address.

    In the press release, OMEX made it clear that this decision was based on bad information. First of all, sea turtle mortality has been an issue in this area for a very long time, and isn't impacted at all by phosphate dredging. Second, by approving this project, OMEX has agreed to invest heavily in programs that will increase the sea turtle population over time. It also has marine biologists on board who specialize in sea turtles. These experts have made it clear that the Don Diego project will in no way cause any harm to the sea turtle population.

    SEMARNAT provided three avenues by which OMEX can get the project approved. While we don't know specifically what those options are, the company sounded confident that it can work past this issue. Litigation is clearly an option as well.

    Perhaps most encouraging is the continued support of the strategic partner and investor MINOSA, owned by Mexican billionaire Alonso Ancira. Ancira is quoted in the press release, reiterating his commitment to getting the project approved, commented on the tremendous benefits to the country of Mexico, and said that in the coming weeks, it will present new fishing and turtle management programs to SEMARNAT.

    Keep in mind that just a couple weeks ago, Ancira loaned an additional $3 million to OMEX to ensure liquidity until project approval. Ancira is well aware that without the Don Diego project, OMEX would have no ability to repay that loan, so the fact that he put more money in, on top of the significant investment he's already made, shows that his level of confidence that the approval is coming is extremely high.
6 Posts
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