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Message: Dilution may be Minimal

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Dilution may be Minimal

posted on Dec 18, 07 05:44AM

Drohan also mentioned that, "Recent residential sales at other tourism projects in Oman have been extremely successful with very robust pricing levels occurring. Given the very energetic real estate market at present and the rapidly spreading knowledge about Oman's desirable tourism attributes, we want to be prudent and have our financial advisors and BankMuscat update our financial models and projections to current valuations to determine the amount of further capital, if any, required."

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