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.

almost 10 years ago

in response to honeymooner's message

I think the expectation of a rapid rise after the signing was, in large measure, reflective of the instance a couple of years ago when the stock hit $4.95 within days of everyone thinking it was about to be signed. History, and subsequent facts, have since disappointed. But I believe the low volume speaks well that most shareholders are still believers ... it's just another wait and see. Something most of us are well practiced in. Sure would like to see it > $3 and stay over $3 before year end.