Omagine

George turned me onto this story in our weekly shows and I've been a spectator of the company, frankly I was a sceptic, they seemed to be the boy that cried wolf for a long time, but now that this DA has been signed it is game on.

I wouldn't be too worried about a couple days of heated action in the market, this has huge potential, but all things with huge potential also have huge risks as well. But I definitely like what I'm seeing.

The valuation of the land is not that big of a milestone to me, I'm much more interested in how they are going to fund it, if it will be debt or equity funding. I'm really impressed that a large investment bank is leading the funding, I'm also curious to see how quickly it will be funded.

The big money will get a chance to look under the hood, and if it is very exciting they will be falling over themselves to throw money in, and the fewer strings attached will be a good sign of their level of excitement.

My gut tells me, development funding will be wrapped up really quickly.

Cheers,

Allan Barry Laboucan

Chief Market Commentator

Agoracom