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Its been a while since I posted.
Still see all those familiar names holding onto their shares just like me.
I do see that the CEO amongst others increased their holdings in Jan 2011-so thats always a good sign:)
Good Luck to all.
There was actually some institutional buying
http://finance.yahoo.com/q/mh?s=OMAG.OB+Major+Holders
Top Institutional Holders
HolderShares% OutValue*Reported
JOHNSON INVESTMENT COUNSEL, INC.
14,000
0.12
$7,700
Mar 31, 2010
Wishing everybody a Happy and prosperous 2010.
The next 2-3 months are crucial and we're probably in the last phase either way we look at it...
A lot of us have been with this stock on this forum for a while and hopefully we all see it to its logical conclusion.
Over the past few years the O/S has increased about 12% which augurs well for the shareholder considering they dont have any source of revenue...
The Govt of Oman has not asked JOL to f*** off since they're pretty much within their rights to do so...
Bank of Muscat has been roped in besides some prominent investors..
Even though the stock price has dropped considerably....I think we can only see good things this quarter...
is that insiders havent been dumping their shares.Instead a few officers have been steadily picking up from the open market.
The govt hasnt flat out said NO which they very well can-Nothing stops them!
This has needed some crazy amounts of patience...