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: If DA is signed.....
Omagine
over 11 years ago
0
in response to edison's message

"Who will buy all the shares people have been bagging?"

If that's your view then sell your shares now! before others start selling.

"Although the project seems very promising the company has nothing else to fall back on"

The company is the project. No DA, No Project, No OMAG. (period!) No one is expecting a fall back plan.

"Even if the DA gets signed, I think it will be very difficult to sell shares."

In the past getting close to a DA signing has moved the SP. But if you are skeptical...see above.

So unless you are shorting the stock I don't see the purpose of this post.

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stock_shark1
City
London
Rank
President
Activity Points
1980
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Date Joined
10/03/2007
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Omagine
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Symbol
OMAG
Exchange
OTCQB
Shares
20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
Website
omagine.com
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