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 edison's message

Your right. Not in a million years. Maybe in 2 years or less.

Do you doubt the book value will be in the high $20s? If so, why? If not, why wouldn't the stock price rise to it's vicinity? The business plan is sound and once we start selling units, we'll have revenue and profits given the cost of the land will be miniscule relative to what units will be sold for. So I'm just not getting the logic behind your skepticism. Please enlighten us with your logic?