One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Follow up query to land value increase post

Follow up query to land value increase post

posted on Mar 14, 2008 04:48AM

Thank you for your response to the below land value query.

As a follow up, could you please provide details on HOW the increased land value could positively impact the share price?

(I could be mistaken, but I assumed that the land is leased from the Omani government at an annual rental amount. Increased land values means highier property prices and greater revenues for OMAG leading to hopefully increased earnings per share.)

Also, how much does OMAG need to pay for the land? Is this agreed or still being negotiated? Could this be another reason for the delay in signing the development agreement?

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