$500mil of Gold to be found in shipwreck from new marine salvage company

[Golddiesel]

Does anyone have any familiarity with those oceanic treasure salvage companies?

I read some hoop-lah about what a few of these companies have produced and it seems that they turned out pretty profitable with their successes. There is a (pink sheet) company that caught my eye, Marine Exploration INC: MEXP, whose opening inaugural press release claims to be preparing to investigate a lost Spanish galleon that sank over 300yrs ago in the Caribbean.

MEXP reports that there is a sum of $500+ million of projected salvageable treasure (gold and silver coins) on the sea floor ready to be explored. I don’t see any details or timeframes on this exploration, but it appears to be a big deal according to what their press release is talking about. http://mexp.biz/news.html


What I’m wondering is what kind of impact would 20+ tons of un-circulated gold have on the global market? Or do those archaeological objects even hit circulation or are they just stored in somewhere in like a museum or someone’s private collection?

 

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[Darren in NC]

Golddiesel - as of this post you only have 4 posts - all of which are very pro-MEXP. And you just registered today. That alone makes you suspect of trolling for a pump and dump. I pray most on this forum are not so gullible. I have a feeling we know each other. I couldn't stand by and let it slide.

 

[kindafoundabuckle]

Golddiesel - as of this post you only have 4 posts - all of which are very pro-MEXP. And you just registered today. That alone makes you suspect of trolling for a pump and dump. I pray most on this forum are not so gullible. I have a feeling we know each other. I couldn't stand by and let it slide.

Slam dunk! 2 points plus the foul!

 

[Golddiesel]

Golddiesel - as of this post you only have 4 posts - all of which are very pro-MEXP. And you just registered today. That alone makes you suspect of trolling for a pump and dump. I pray most on this forum are not so gullible. I have a feeling we know each other. I couldn't stand by and let it slide.

\

Darren, and to any other nay-saying, slanderous, finger pointers out there. You obviously misunderstood me.
I am PRO-GOLD, SILVER, PRECIOUS METALS...etc PRO-investing... whether it be promoting the buying, selling, trading, mining, cultivation AND exploration of these materials. I'm am interested in whatever method(s) MAKE $$$.

I asked an objective question about the potential surplus of Gold/silver found and what happens to it? does it make market circulation? - This is a BIG deal to those of us that make a living at investing in this!! I came on here to get some view points on this.. Maybe I'm on the wrong forum to be talking about money and how it relates with to shipwrecks and gold?

As far as this deep sea treasure hunting activity goes, I am NOT experienced in this investing sector nor am I that familiar with the shipwreck treasure hunting industry as a whole either - other than what most of us with cable do, is watch discovery channel and watch documentaries on this stuff. - Although I've always had an interest in history and archeology, like most of the users here and I gotta say this stuff is fascinating. Although I've never followed this subject matter or knew if there was much or anywhere near the money that the Gold Mining companies are making.

Which leads me to say I JUST discovered this off a google search because I became curious after hearing what numerous people on couple of other forums were talking about. I wanted to check out what some of the enthusiasts of this industry are saying or WOULD think about this topic. I spend way too much time on the gold and investors forums reading what people saying about gold, and what stock is going to spike and who's going under, but there's absolutely nothing being talked about the marine salvage and treasure hunting industry. I'm looking into this subject matter like that of what I've done with the Precious metals mining industry..

Ultimately, With the Due Diligence I have done, I'm looking at the reality of a proposition like this -from the investors stand point.
I can see Burt Webber is a big name in this industry, kind of like Mel Fisher.
I'm wondering what impact does that have on this topic? How does his involvement improve the chances that something favorable will happen?
Again I don't know this and I haven't a clue.. that's what I wanna know what the experts that use this site think?
Secondly, With what I've read about Odyssey's/OMEX's predicament, and could the same thing happen to MEXP? And how does that affect profitability?

Many people had to have invested in OMEX for them to get where they are. Isn't it fair to say that a new company like MEXP is going the same route? Objectivity is important in Due Diligence.

Furthermore to anyone out there who's critical on a subject matter, it doesn't make you look savvy OR credible at all when you slander a company based on speculation and biased judgment, especially when you give no reasons for your position on what a company can and can't do.. You have to go on the Facts and what implications they could have on the outcome.
Darren, It sounds like of all people may have been burned in the past by a combination of bad advice, and a gullible nature. Just to put it out there, what makes you so qualified in your assessment of this company? Or are you just the eternal skeptic who points fingers?

To any of those people who know the history and work ethic Burt Webber, do you really think he would get involved with a company that's aim is at fraudulently pumping and dumping their stocks and ruining his reputation? Use your brain on that one.

Now can anyone understand this point; before you spend a penny, you got to know what you're getting into. A prudent investor must investigate ALL angles possible before he makes an informed decision. I am an objective investor and I look at the facts before making a move.

You've definitely made YOUR VOICE clear in this matter Darren, where your opinions and view points stand of pinksheet companies and IPOs.

Let people make up their own minds

 

[Darren in NC]

Golddiesel,

I have been on this forum for about 9 years. Those who know me here know that I don't have a critical spirit or constant negative posts. Your emotional cry of slander doesn't fit with my reputation. In other words, if I have a word of warning, it means something.

You may be right. I may have misjudged the reason why you came to this forum. I'll admit that. But you'll have to admit that one ending paragraph in an entire post (and none in 3 other posts) about your concerns about a market flooded with new gold hardly seems to substantiate your quest. But hey, I'll give you the benefit of the doubt. I think your question pertaining to a flooded gold market is a good one. I hope you'll get more answers.

Just so readers know, I'm not a daytrader who's disappointed in losing a little money. I'm quite familiar with the risks of investing. As I've already said, there's more to it than that in this case. Those details will remain unposted until current events reveal their outcome.

I still stand by my words.

Respectfully,
Darren