Odyssey Marine Exploration (OMEX), mcap=$74m, price $5.15 vs. $6.6

Pitch: Litigation case relating to permit for world-class phosphate deposit. The permit was denied with no reasonable grounds and now OMEX is seeing a $2.7bn award. A review of court fillings suggests OMEX has a strong case. NAFTA trial held in Jan’22, a decision expected soon.

Valuation: Without a successful litigation outcome OMX is worthless.

Exp. gain: 4x to $20/share in $1.5bn NAFTA settlement scenario.

Full OMEX write-up (free guest account required):

Leave a Comment