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UML unity mining limited

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afd

2,216 Posts.

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06/05/15

16:00

Post #: 15228859
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Originally posted by afd ↑

India's biggest jewellery maker, billionaire Rajesh Mehta, wants to deepen his relationship with Australia's gold industry by buying stakes in Australian mines and potentially opening retail jewellery stores in the country.
Speaking on a rare visit to Melbourne, Mr Mehta said his company wanted to spend up to $US700 million ($921 million) growing its presence in Australia, with mines the primary focus.
'We have been importing gold from Australia on and off in the past, but now we want to have a formal presence in Australia," he told Fairfax Media.

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He'd have enough cash to fund Dargues.

Hopefully stop short of takeover and become JV partner with strategic stake in UML

UML Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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takeover, page-4

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