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 stock_shark1's message

STOCKER, I'm with your opening sentence 100%. I'd bet the house on it. We part ways however, on your second point. The "shareholders " are only reacting to the most recent company reports that unequivically imply that the company is very close (they may not have used the word soon) but anyone reading those reports would conclude that the company was "telegraphing" that an end was in sight--to getting both the Financing Agreement and the Construction Contract completed. Sooo we shareholders are reacting to what was written in the reports. Having said that, those of us that have been invested in Omagine for many ,many years, know fully, that to this point, practically all of the completion dates projected have NEVER come to fruition according to the timetable espoused........... But... (good news) each and every one of the major steps HAS BEEN ACCOMPLISHED to date. We're just "gonna"have to wait ---hopefully not till Ramadan---till the deed is done Regards,--as Al referred to me four days ago "Bill of the Board"---not Bill (CFO).