Shpwreck silver

[Saabman]

Gordo may have sold all the UK's gold but it looks like they've got a little silver comin' in!

http://www.bloomberg.com/news/2012-07-1 ... antic.html


Odessey Marine Exploration, Inc., a deep-ocean exploration company, said it recovered about 48 tons of silver from a World War II shipwreck three miles (4.8 kilometers) beneath the Atlantic Ocean.

The company retrieved 1,203 silver bars, or about 1.4 million ounces of the metal, from the SS Gairsoppa, a 412-foot (126-meter) British cargo ship that sank after being torpedoed by German U-boat in February 1941, Tampa, Florida-based Odyssey said today in a statement. The metal, worth $38 million at today’s prices, is being held at a secure facility in the U.K.

[Morsecode]

And the stock falls 10% on 5x average trade volume on the news that they get to keep 80% of $38 mil.

[OtusLotus]

I think investors are worried that they are going to have to give this booty back too!