GREY:ADAIF - Post by User
Post by
maldororon Dec 17, 2006 10:37pm
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Post# 11882718
Smart money invests in ADA
Smart money invests in ADAThe family of Lakshmi Mittal, the richest man in India, is investing $200 million with the RAB Special Situations Fund, the largesat hedge fund run by RAB Capital of London, England. As reported in the International Herald Tribune on December 15, 2006 quoting Bloomberg.
What does that have to do with Acadian Gold????
RAB Capital, through the RAB Special Situations Fund, holds 12% of the outstanding shares of Acadian Gold.That holding makes it the single largest shareholder in Acadian Gold. The RAB Group has participated in every underwriting of Acadian Gold shares since 27 cents and has bought shares in the open market as well.
Lakshmi's wealth is derived from being on of the largest steel manufacturers in the world.
Maldoror.