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: Reply to stock_shark1 - potential upside

Omagine

about 9 years ago

in response to AltonG's message

Not meant to be snarky. Your accounting gymnastics diluted vs. non-diluted. Market Value vs Book Value. UA rites Value, Average UA value......all of it....the correlation or the lack of correlation to the PRICE...is the WHY the price is what it is because there are more sellers (shorts) than Buyers (long). Until there are those buyers (whatever their reason for being buyers/long). More important than the accounting is the volume particularly the long volume.

What is the P/E of OMAG? doesn't matter....

oiler