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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Buyback

Omagine

almost 9 years ago

Re: Buyback

Omagine

almost 9 years ago

Re: Buyback

Omagine

almost 9 years ago

Re: Buyback

Omagine

almost 9 years ago

Re: Buyback

Omagine

almost 9 years ago

Re: Buyback

Omagine

almost 9 years ago

in response to Get Irie's message

interesting discussion

but i think Omagines need for cash... lot's of it to build a 2.5B project, way overwhelms the opportunity it has to profit in the long run by it's low present stock price.

we all have the opportunity to profit here (although there always remains some element of risk, especially in MENA).... but minimum required cash flow is king for everybody. if you run out of cash nothing else matters.