Omagine

Company has signed a Development Agreement with the Government of the Sultanate of Oman. Omagine Owns 60%; Sultanate Owns 25%; Consolidated Contractors Owns 15%. Project to be developed on 245 acres of beach front land on Gulf of Oman. The estimated cost approximately $2.5 Billion. BNP Paribas To Lead Construction Financing Syndicate.

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Re: Let's see if we can break $2 today...

Omagine

about 12 years ago

in response to stock_shark1's message

Do you plan on offloading at the signing, then? Or taking a wait and see approach? I'm assuming the price will jump markedly at the signing, but then gain even more over the ensuing months as more investors discover this gem and recognize the huge book value component. It will be hard to sell as the price goes up (psychologically).