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: RE: posting by Qwerty1029

Omagine

over 11 years ago

in response to lebnjb@ameri's message

Yeah, $5 is also my breakeven point for those preferred stocks. I also received some shares as dividends for a time, which I assume brings down my average cost a little.

I have some memories of thinking about selling when it was in the $1.50 range pre-split. I also remember a very brief jump up into the upper $2s after an article mentioned the project (I think in the Economist). This was a long time ago, so my memory might be off. I think my shares were still restricted at the time.