Of all the escapades we’ve covered over the years from Pete “The...

Of all the escapades we’ve covered over the years from Pete “The Pirate” Landau, his latest caper with Australian-listed Black Mountain Resources (BMZ) is off the scale on the guff-ometer. Pirate Pete and his motley Black Mountain crew claim to have secured the right to a 20% stake in an undersea salvage operation to recover a supposed >$1billion worth of gold from two wrecks, torpedoed during the First World War. Regular readers will not be stunned to learn that Landau now plans to raise AU$6.87million in pursuit of this fool’s errand.

Quality.