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.
Re: ?
about 10 years ago
0
Re: ?
about 10 years ago
0

Here's my take: On Thurs a bunch of new investors rushed in on huge volume and on Fri morning many of them took their profits. The huge volume Thurs afternoon and Fri morning was similar. Doesn't seem likely long suffering shareholders were selling much on Friday. Although I am curious where all the shares came from on Thurs afternoon. Anyway, the volume and trading dropped off dramatically Friday afternoon. And even this morning, it's very tame.

I expect we'll see better action through the week as new investors do their due dilligence and more info comes out from Agoracom, Frank et al.

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AltonG
City
Basking Ridge
Rank
President
Activity Points
4848
Rating
Your Rating
Date Joined
08/17/2011
Social Links
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Omagine
Symbol
OMAG
Exchange
OTCQB
Shares
20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
Website
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