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: Up 13.33% Today !!!!!!!!!!!!!!!

Omagine

over 8 years ago

in response to stock_shark1's message

Here's my uninformed opinion. Someone got really fed up with the waiting and just said the heck with it and dumped a lot of their shares at market yesterday. There wasn't any news (that I could find). I'm hoping that's all it was.

An old partial fill that I'd forgotten about got filled yesterday at $0.75/share. Not many shares, just a couple hundred, but that was nice.

So now we're probably back at rough equilibrium of around $1.00/share until end of summer when, hopefully, the Chinese sign up as contractor with funding behind them.

I'm open to other opinions, thoughts, etc. from anyone ...