OMEX - Odyssey Marine Exploration Inc Message Board

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Gold/Mining/Energy : OMEX - Odyssey Marine Exploration Inc

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To: Glenn Petersen who wrote (11)	2/29/2004 12:11:58 PM
From: ChrisJP	Read Replies (1) of 61

Hi Glen -- what's your point ? This stock went from about .45 to $5 last year. The gold story was there for all to see around 2.50 after it sold off from the highly publicized announcement in July. In November when they announced really found the gold, the stock spiked to $6. This stock was a wonderful arbitrage/speculation play. The amount of gold they found was estimated to be worth about $5/share -- including the private placement shares. The reason for it trading over $5 is due to the fact they have other ships on their radar also containing tens of millions of dollars in gold. So I bought in the $2's and 3's and sold a few months later in the $4's - $5's. :-)) Chris

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