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: It's like watching grass grow

Omagine

over 8 years ago

in response to crookedneck's message

Good post but I have a different view.

I believe the share price will react in the short term when the next expected announcements are finally made, just as it appreciated rapidly when the last couple of major milestones were confirmed (albeit dropping back subsequently).

My frustration is over the shareholder expectation being set that news will be announced 'soon'! This is NOT soon by any strech of the imagination and certainly not by way of the defination of the word soon in any dictionary (east, west or mid-east!!!)