Good morning long-suffering UML punters. How's this for a timely idea? Let's have a friendly merger right now with CGT. No need to find new MD/CEO & CFO as CGT already have these in perfect working order. Oh, and our Chairman is already a director on CGT's board- how handy is that!? The combined entity would have two mines producing a total of 100k oz per year and stacks of cash in the bank. And while I'm on a roll, maybe we could use some of that cash to buy out NML, put a great big open cut up at Tandarra (those boys know how to find greenfields gold!)and truck the ore to our very under utilized plant at Kangaroo Flat. Talk about a win win situation!! Audacious.
UML Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held