New treasure hunting company claims to find lost Gold Treasure. - Penny Stocks

kodiak5280 · Fri, 11-23-2007, 03:30 AM

$500 million in lost Gold Treasure to be found by New Treasure Hunting Company.

Speaking of Gold and Silver, and how it's on the rise, perhaps some attention should be paid to the less popular and publicized methods of gold exploration. It doesn’t take an expert to notice how vast the mining industry is and what kind of numbers are being producing. However, there is little or no attention paid to the Treasure hunting companies who've also found sizeable amounts of gold and bouillon and have played a significant role in contributing to its market circulation in addition to providing answers to the mysteries of centuries ago. This is one topic I feel that is worthy of reading up on.

One new company that caught my is Marine Exploration International 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 on the sea floor ready to be explored. Heading the exploration efforts is the notable Burt Webber, a seasoned and renowned marine explorer at the ranks of Mel Fisher, whose history of deep sea treasure goes back over 35years.
Read more about Burt Webber and his most notable accomplishments: The Treasure of Silver Shoals - TIME

Read here to see what MEXP is saying on their website:
News - Marine Exploration, Inc.

OR read their Yahoo press release:
Marine Exploration Inc. (OTC: MEXP) - Begins Trading With Over $600,000,000.00 in Treasure Salvage Contracts: Financial News - Yahoo! Finance

What is Raising a growing concern are the legalities involved in a successful recovery of lost treasure, especially, $100's of millions of lost, uncirculated gold. And what does the mean financially for the parties responsible for such a discovery?

I was following this story in lieu of hearing what happened to Odyssey Marine Explorations: OMEX, whose latest predicament made international headlines. This past year, OMEX, the leading marine salvage recovery company, had found a $500+ million of gold/bouillon treasure from an excavated shipwreck within the territorially disputed international waters off the British controlled waters of Gibraltar, Spain.

When Spanish authorities found out of their successful discovery, they legally launched an investigation and had ordered the seizure of the recovered treasure, under legal action claiming that all historically sovereign property discovered within its territorial borders be accredited, if not returned to the "Kingdom of Spain".

On the contrary, OMEX, sanctioned through the British government, claimed that they were searching for a British vessel, the HMS Sussex, which sank in 1694 after it was leading an armada en route to a naval battle with French ships in the Mediterranean. However, Spain’s historical/archeological experts insistently believed it to be an earlier vessel returning from Mexico known as the “Eldorado of the Seas”.

The controversy originated when Spain claimed the wreck to be in its territorial waters and not in international waters, thus accusing the company (OMEX) of removing Spanish history from their sovereign waters.

Click here for the original headlines concerning OMEX’s find :
Odyssey Marine Exploration - Wikipedia, the free encyclopedia

Thus the debate ensues over "who's" treasure does this belong to? Those that claimed it "theirs" over 300 years ago? Or those that found it? What rights do the parties have in the matter, and what kind of compromise can be met?

Read this link to continue to see what's going on with OMEX's legal predicament: Treasure Ship Dispute Will Drag On: Financial News - Yahoo! Finance

The question is, what will Spain try to do IF MEXP successfully achieves their object? What kind of protection does MEXP have? Is this just another example of a company having quality legal representation and counsel to protect their financial interests? Or does this raise a greater ethical and moral issue regarding the rights to historic artifacts, regardless of what financial impact it can create?

What will be interesting to see IF MEXP meets their objectives, and importantly what will their stocks do and how will they perform in the long haul? Will they be the next powerhouse Treasure Exploration company like Odyssey Marine Exploration: OMEX? Keep your eye on this company in the future, we might just see them on the cover of National Geographic.

Does anyone have any comments or ideas?

littlegto67 · Sat, 11-24-2007, 01:55 AM

Not surprising..That's always the problem with these companies looking for buried treasures.
It seems like the minute someone finds something valuable up for grabs, everyone comes out of the woodwork and claims some kind of royalty to it. And that's literally where they got that term -Spain literally has the "royalty" on ANY of their marine artifacts oin the sea floor, because at one point in time, it was property of the king/dom of Spain.

However, if Spain isn't going after the lost artifacts, and an American company finds it, shouldn't they atleast be able to split the findings? I beleive that's what OMEX failed to do - was establish a contractual basis with spain for the profit sharing of the recovered treasure. Otherwise Odyssey did a poor job covering their bases in that department.
I have a friend who'd pulled out his money out of that company after this whole ordeal with Spain threatening their naval power to capture Odyssey's treasure bearing ship from leaving Gilbraltar. Maybe the decision makers over at OMEX learned some hard lessons over this predicament. After seeing what's happened to their earnings, they'd have no choice but to be more careful to avoid a financial catastrophie.

What's going to be crucial is to see what MEXP does in order to secure their stake in their findings. They're going to need some good lawyers for sure.

goldeneye1077 · Sat, 11-24-2007, 10:46 PM

What's their time table on this exploration? MEXP didn't say anything on their press release about what their plans are.

littlegto67 · Mon, 11-26-2007, 04:24 AM

I thought that this article was ironic. This just popped up on the yahoo news front page.

Treasure Hunting - Scuba Diving - Atlantis - Metal Detectors - Key West - Mel Fisher - Popular Mechanics

They're talking about 50mil in on this expedition, Those guys from MEXP are looking for FIVE HUNDRED million in bullion and gold. That's nothing to ignore

I guess someone in the media is picking up on this kind of thing.

Quote:

Originally Posted by goldeneye1077

What's their time table on this exploration? MEXP didn't say anything on their press release about what their plans are.

Canestsal · Mon, 11-26-2007, 04:40 AM

If you think investing your money in a treasure hunting company is a good idea, you deserve to lose it.

kodiak5280 · Tue, 11-27-2007, 02:25 AM

Quote:

Originally Posted by Canestsal

If you think investing your money in a treasure hunting company is a good idea, you deserve to lose it.

Well that MIGHT be a true thing to say about treasure companies, then again you could say this about many of the other companies in the past who had imaginative visions of success and turned out to be extraordinary.

There's always a constant in investing: how much are you looking to gain and in how long?

How many small cap's do you know of OR have your dollars in that have the potential to generate a HALF BILLION of profit in a matter of days??

As noted in the news articles, Odyssey Marine Exploration (OMEX) was on track to pulling up over 600+million in gold from a site, the largest EVER recovered, but blew it by now properly negotiating with the country of Spain and it's rights to claiming such artifacts - AHEAD of time...

MEXP claims to be covering their bases and truely prepared for achieving their profit goals.

goldeneye1077 · Tue, 11-27-2007, 06:35 AM

How can they be so sure as to what's on the bottom of the floor and where?

$500 million is either a powerful motive to go look or an awful big margin of error to be wrong, especially when the cost (I suppose millions of dollars) are dumped into funding an expedition like that.

littlegto67 · Mon, 12-03-2007, 02:59 AM

Quote:

Originally Posted by goldeneye1077

What's their time table on this exploration? MEXP didn't say anything on their press release about what their plans are.

Judging on their statistics and their financials, it doesn't look like they're READY to do anything yet. It looks like they're just trying to get off the ground yet by promoting to private interests. Thats how Odyssey got themselves off the ground, oh yeah, and by the help of a couple banks too. Now you look at them (Odyssey) and they have people like presidential runner John Edwards owner shares in that company.

Canestsal · Mon, 12-03-2007, 09:38 AM

Quote:

Originally Posted by littlegto67

people like presidential runner John Edwards owner shares in that company.

Fri, 11-23-2007, 03:30 AM	#1 (permalink)
kodiak5280 Join Date: Nov 2007 Posts: 4	$500 million in lost Gold Treasure to be found by New Treasure Hunting Company. $500 million in lost Gold Treasure to be found by New Treasure Hunting Company. Speaking of Gold and Silver, and how it's on the rise, perhaps some attention should be paid to the less popular and publicized methods of gold exploration. It doesn’t take an expert to notice how vast the mining industry is and what kind of numbers are being producing. However, there is little or no attention paid to the Treasure hunting companies who've also found sizeable amounts of gold and bouillon and have played a significant role in contributing to its market circulation in addition to providing answers to the mysteries of centuries ago. This is one topic I feel that is worthy of reading up on. One new company that caught my is Marine Exploration International 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 on the sea floor ready to be explored. Heading the exploration efforts is the notable Burt Webber, a seasoned and renowned marine explorer at the ranks of Mel Fisher, whose history of deep sea treasure goes back over 35years. Read more about Burt Webber and his most notable accomplishments: The Treasure of Silver Shoals - TIME Read here to see what MEXP is saying on their website: News - Marine Exploration, Inc. OR read their Yahoo press release: Marine Exploration Inc. (OTC: MEXP) - Begins Trading With Over $600,000,000.00 in Treasure Salvage Contracts: Financial News - Yahoo! Finance What is Raising a growing concern are the legalities involved in a successful recovery of lost treasure, especially, $100's of millions of lost, uncirculated gold. And what does the mean financially for the parties responsible for such a discovery? I was following this story in lieu of hearing what happened to Odyssey Marine Explorations: OMEX, whose latest predicament made international headlines. This past year, OMEX, the leading marine salvage recovery company, had found a $500+ million of gold/bouillon treasure from an excavated shipwreck within the territorially disputed international waters off the British controlled waters of Gibraltar, Spain. When Spanish authorities found out of their successful discovery, they legally launched an investigation and had ordered the seizure of the recovered treasure, under legal action claiming that all historically sovereign property discovered within its territorial borders be accredited, if not returned to the "Kingdom of Spain". On the contrary, OMEX, sanctioned through the British government, claimed that they were searching for a British vessel, the HMS Sussex, which sank in 1694 after it was leading an armada en route to a naval battle with French ships in the Mediterranean. However, Spain’s historical/archeological experts insistently believed it to be an earlier vessel returning from Mexico known as the “Eldorado of the Seas”. The controversy originated when Spain claimed the wreck to be in its territorial waters and not in international waters, thus accusing the company (OMEX) of removing Spanish history from their sovereign waters. Click here for the original headlines concerning OMEX’s find : Odyssey Marine Exploration - Wikipedia, the free encyclopedia Thus the debate ensues over "who's" treasure does this belong to? Those that claimed it "theirs" over 300 years ago? Or those that found it? What rights do the parties have in the matter, and what kind of compromise can be met? Read this link to continue to see what's going on with OMEX's legal predicament: Treasure Ship Dispute Will Drag On: Financial News - Yahoo! Finance The question is, what will Spain try to do IF MEXP successfully achieves their object? What kind of protection does MEXP have? Is this just another example of a company having quality legal representation and counsel to protect their financial interests? Or does this raise a greater ethical and moral issue regarding the rights to historic artifacts, regardless of what financial impact it can create? What will be interesting to see IF MEXP meets their objectives, and importantly what will their stocks do and how will they perform in the long haul? Will they be the next powerhouse Treasure Exploration company like Odyssey Marine Exploration: OMEX? Keep your eye on this company in the future, we might just see them on the cover of National Geographic. Does anyone have any comments or ideas? Last edited by kodiak5280 : Thu, 11-29-2007 at 05:06 AM. Reason: edited the factuals, got my facts straight - no mis information here ;)

Sat, 11-24-2007, 10:46 PM	#3 (permalink)
goldeneye1077 Join Date: Nov 2007 Location: Ft. Lauderdale, FL Posts: 5	500 million in gold? when? What's their time table on this exploration? MEXP didn't say anything on their press release about what their plans are.

Mon, 11-26-2007, 04:40 AM	#5 (permalink)
Canestsal Super Member Join Date: Jul 2006 Location: Wine Country Posts: 439	If you think investing your money in a treasure hunting company is a good idea, you deserve to lose it. __________________ "None are so hopelessly enslaved than those who falsely believe they are free" Johann Wolfgang von Goethe

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Sat, 11-24-2007, 01:55 AM	#2 (permalink)
littlegto67 drive fast, take chances. Join Date: Nov 2007 Location: Los Angeles, SOCAL Posts: 6	Not surprising..That's always the problem with these companies looking for buried treasures. It seems like the minute someone finds something valuable up for grabs, everyone comes out of the woodwork and claims some kind of royalty to it. And that's literally where they got that term -Spain literally has the "royalty" on ANY of their marine artifacts oin the sea floor, because at one point in time, it was property of the king/dom of Spain. However, if Spain isn't going after the lost artifacts, and an American company finds it, shouldn't they atleast be able to split the findings? I beleive that's what OMEX failed to do - was establish a contractual basis with spain for the profit sharing of the recovered treasure. Otherwise Odyssey did a poor job covering their bases in that department. I have a friend who'd pulled out his money out of that company after this whole ordeal with Spain threatening their naval power to capture Odyssey's treasure bearing ship from leaving Gilbraltar. Maybe the decision makers over at OMEX learned some hard lessons over this predicament. After seeing what's happened to their earnings, they'd have no choice but to be more careful to avoid a financial catastrophie. What's going to be crucial is to see what MEXP does in order to secure their stake in their findings. They're going to need some good lawyers for sure.

Tue, 11-27-2007, 06:35 AM	#7 (permalink)
goldeneye1077 Join Date: Nov 2007 Location: Ft. Lauderdale, FL Posts: 5	How can they be so sure as to what's on the bottom of the floor and where? $500 million is either a powerful motive to go look or an awful big margin of error to be wrong, especially when the cost (I suppose millions of dollars) are dumped into funding an expedition like that.