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: Stock value

Omagine

almost 12 years ago

in response to stock_shark1's message

I'm not disagreeing with these comments, but considering they may be reading these comments, we may want to be a bit more circumspect. Also, since the MOT are NOT our business partners, is there any reason for anyone to expect them to care about our profits (or losses)?

However, I would think they should care about their endless delays and the impact that might have on their own performance reviews given their bosses (the sultan) has repeatedly pressed them to get on with this project.