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Actionable news in OMEX: Odyssey Marine Exploration, Inc.,

Odyssey Marine: Disappointing Delay, But All Is Not Lost

Summary

Approval of Don Diego project was denied in order to address concerns about sea turtles.

There are multiple avenues by which approval can be achieved in the coming months.

Strategic investor MINOSA reiterated its support and commitment to get the project approved.

Don Diego asset has been valued around $2 billion.

Odyssey Marine (NASDAQ:OMEX) was dealt a blow this morning when environmental approval of the Don Diego phosphate deposit was denied yet again. While this is a devastating blow for the stock, down over 60% on the news, all is not lost. The encouraging news is that Mexican environmental agency SEMARNAT denied the approval because of just one issue regarding sea turtle mortality, which of all...


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