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  • Odyssey Marine: Victory And Vindication
    Fri, Oct. 24 OMEX 114 Comments

    Summary

    • Odyssey Marine granted right to salvage HMS Victory (Victory) by the UK’s Minister of Defence (MOD).
    • MOD represented the final significant obstacle to the Victory salvage operation.
    • Victory may hold over three-quarters of a billion dollars in artifact, ingot, and coin value.
    • OMEX receives 80% of coin value and 50% of artifact value from salvage (under terms of 2012 agreement).
    • Our base-case assumes a $270 million recovery with net profit of $170 million to OMEX.
  • Odyssey Marine: Support For Oceanica Builds In Mexico
    Fri, Oct. 17 OMEX 42 Comments

    Summary

    • Letter from top NGOs signals lack of stiff environmental opposition.
    • Lack of vocal opposition indicates strong environmental application.
    • Popular Mexican newspaper emphasizes urgent need for new phosphate source.
  • Odyssey Marine: Meeting Reveals Larger-Than-Expected SS CA Recovery
    Wed, Jun. 4 OMEX 152 Comments

    Summary

    • Odyssey's SS Central America salvage value currently in excess of $32mn.
    • Odyssey's share of estimated proceeds so far is worth greater than $18mn.
    • Court filings indicate that the remaining salvage could be much larger than expected.
    • Alleviates balance sheet concerns and allows investors to focus on longer-term projects.
    • Oceanica environmental application complete; strong national support in Mexico.
  • Odyssey Marine: SS Central America Legal Win Expected
    Mon, May. 12 OMEX 39 Comments

    Summary

    • A battle is being fought in US District Court, Norfolk, VA, over salvage rights to the SS Central America.
    • Court-appointed Receiver, Ira Kane, appears to be in position to win the battle regardless of the judge's decision.
    • Kane's position secures Odyssey Marine's contract to salvage the SS Central America.
    • The court has ruled the Odyssey is fit to salvage the SS Central America and Odyssey should continue its work.
  • Odyssey Marine Exploration: Watching The Detective
    Dec. 12, 2013 OMEX 102 Comments
  • Odyssey Marine: An Open Letter To Ryan Morris Of Meson Capital
    Nov. 4, 2013 OMEX 32 Comments
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