Capital MS&L wins ship salvage brief

A firm that specialises in salvaging material from shipwrecks has brought in agency backing for its AIM flotation. Deep6 will use Capital MS&L as its first financial agency.

'It's a hugely interesting industry whose time has come,' said Capital MS&L director Peter Curtain. 'Commodity metal prices are high enough to support the recovery business.'

The proposed £20m AIM listing, funding the acquisition of a second recovery vehicle, would allow Deep6 to trawl for copper and tin
reserves. Deep6 aims to salvage 18,000 tonnes of metal in the next three years.

Curtain reports to Deep6 chief executive Graham Jessop.

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