Subsea Resources Share Discussion Threads

[jfishy] 13/11/2007 21:55

1000 tons of gold??

would be considerably more than $28m.
More likely, this is a much smaller ship with a few containers on it that was found while searching for the Miranda.

*IF* all $28m is recovered, after costs this will barely provide for the next round of searches & hopefully recoveries.

More likely, there will shortly be an announcement that SUB doesn't have the cash to complete the operation so the hat will be passed round again.

I continue to watch, might be worth a buy someday but today the risk is still far too near the 100% loss mark...

[notanewmember] 13/11/2007 20:26

want to speculate the ships cargo anyone???

1000 tons of gold??

[topinfo] 13/11/2007 20:17

They have no money to recover it...the co is doomed and the share price will be sub 1p again 2moro...Dont touch with a barge-pole.

[still waiting] 13/11/2007 19:48

You lucky b*stard mags, make sure you get rid on the spike.

[mags24] 13/11/2007 19:31

I thought it was so comical, that months ago, I putin buy order for a few to paper the loo with should they ever reach 1p. Last week, I suddenly found I was the proud owner of a tranche at 0.88p. Its looking fortuitous now.

[ju1cester] 13/11/2007 18:22

i liked the look of this one from a novelty perspective. The co's mcap is only £4m too!

[edmondj] 13/11/2007 18:00

Which wag is going to say "5p by Christmas", lol!

[cyberpost] 13/11/2007 17:52

but i bet it wont stop the share price jumping 50% tomorrow.

[captainfatcat] 13/11/2007 17:43

Back to smoke and mirrors again, this news is a non event imvho. Agree fully with Stuart14 and 8Traders comments.

[wozzit99] 13/11/2007 17:42

lol 8trader spat me tea over the laptop :)

[8trader] 13/11/2007 17:37

This clip might held them in the future.

[jimibt] 13/11/2007 17:34

8Trader - or the 'John Lethbridge' will get shipwrecked in the process - lol

[8trader] 13/11/2007 17:29

I'm with the doubters here !

Firstly it's 28 million dollars so only 14 million pounds !

I say "only" because the costs involved here to get it all up to
the surface will be massive especially given that depth and the
time it might take.

Plus can you trust this lot, they'll come back to the market next week and
say it wasnt a wreck after all, it was just a shoal of fish on
the radar !

[stuart14] 13/11/2007 17:25

What were the insitu values of their other wrecks. I seem to remember more than £28 million?

[market maker2] 13/11/2007 17:05

Estimated 28 mil booty, im sure a lot of effort will be taken to try and salavage it.

[digger27] 13/11/2007 17:03

They will be wanting more funding now that this RNS has used up the last few coppers in Davy Jones locker.

[relishing] 13/11/2007 16:43

Agreed stuart.

[jimibt] 13/11/2007 16:42

Stuart14 - so, are you suggesting jumping ship, rather than finding yourself marooned then :)