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.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Re: Omagine's Margin Of Safety Is Very Real

Omagine

over 8 years ago

in response to bill4810's message

The premise is based on having a basket of risky assests: some will fail while you may get a wild success that makes up for the total. I think that Carl Ichan works this way and he is wildly successful. I have been holding Xerox forever and I hope this is one of the winners in his basket. Al