OMAG's previous runnup to $3.00 reflected an earlier Economist Magazine article welcoming Omagine into "bigtime city building" along with tangible evidence that the "final deal" with Oman would be signed in August. As the announcement lingered, the stock swooned. I thought the delay into November related to the simultaneous crunch of Oman letting multiple mega projects along with the absence of of  sufficient supportive infra-structure. 

I was wrong.

The delay was about changing partners. I look at it this as Omagine's move into the major league. In the process of changing partners, Omagine improved their prospects and their ability to get things accomplished. The reason for management's awkward period of silence is now understandable. The cloud of uncertainty is gone, and closure could be any day now. Seems like a natural buying opportunit, despite current freaked-out markets.