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: Down today???

Omagine

about 10 years ago

in response to honeymooner's message

Very strange given yesterday's action. I'm wondering if some investors had set sell orders some time ago and then forgot about them? That actually happened to me yesterday. I had a sell for a portion set and forgot about it. They hit. So I bought them back this morning early on at a higher price then what we're seeing now. But more likely, you're right that some are taking profits to raise cash after waiting a long time. Doesn't make sense, but so be it.