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My information is pretty accurate, as usual. You'r

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Post# of 7802
Posted On: 06/01/2013 11:53:04 PM
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Posted By: sevenOdouble
Re: wlfr01 #635

My information is pretty accurate, as usual.
You're right that SFRX will go to the site and start digging/blowing once all permits & easement are in place, and when conducting their research items found (artifacts i.e. pottery shells, nails, pieces of wood (of the bow, hull, deck), cannon balls & if they are lucky coins, bracelets etc) can be brought to the surface for further investigation, albeit in small portions (a few of each individual items). Because the initial part is to gain more knowledge of the shipwreck itself, due to the fact that not much is known yet and that has to be established first, so that has priority over finding treasure. Its an archeological site which has to be examined in a sensitive manner, not a gold mine where you blow stuff up and dig at full force. Every item found will be carefully examined and then put in a State file. Each piece will reveal more information about the ship until an overall picture is established. Once enough information is gathered (this will take many months) paperwork will have to be done to go into the Salvage stage, although this shouldn't hinder activities, they can continue their work while paperwork is taking care off in the background. But first things first, and that is to determine the ship' name, date, cargo... and it better not be a military vessel!


As for "SFRX will be pulling artifacts off the ocean floor well before July 2013" goes I think you put yourself in a difficult spot, because the easement will take +- 30 days, counting from the date FDEP granted the permit, which was May 24. Of course the USACE approval has to happen too, but I think that shouldn't be a problem by then, and I too expect it before the easement is granted. Whatever comes first, but it can't be much sooner than June 24 before the easement is granted and that doesn't leave much time before we're July... one week of choppy seas and thats another predicted timeline that falls in the water! Thats the biggest problem on these boards isn't it?! I mean I have seen thousands of sure-thing-statements in hundreds of stocks, and you know what, 99% was wrong about the time frames. One only has to look at the many dozens of missed targets of permit approval to know that SFRX is not the exception. But hey I get the psychology of it, shareholders are always optimistic of whatever that lies ahead... but more times than not those expectations end up in disappointment (a loss of credibility) because of unrealistic anticipations of future events... I like to call that mental pre-ejaculations LMAO Get a grip guys LOL



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