Re: DOWN DRAFTS
in response to
by
posted on
Oct 18, 2012 11:49AM
Multi-Billion Dollar Agreement Signed With Oman
Only because there have been many false starts ... all based on Omani promises that then get broken (or, if you wish a more positive tint, postponed). I doubt 11/18, even though it's an extremely important date for them and they like to make big announcements on big dates, because they've already promised and then reneged on signing it this past August or shortly thereafter. And to convert the LLC to that other structure (I forget the name, not important) will involve yet more Omani govt ministries. So, I am not hopeful at all.
On another post someone made regarding capital gains tax ... it is what it is. Hopefully you/we can hold onto our shares longer term if things really go well. For me, I invested approx 1/2 of my OMAG holdings in 2 IRAs, so it's a moot point for those accounts.
The election is close (which, in and of itself is amazing given the track record of the incumbent). But Mitt seems to be doing better with the debates. So let's just hope and pray for change and hope that is REAL.
And no, Al, I'm not trying to bait you into getting into the political thing again. I understand your views. Enough on politics ... and back to capitalism.