Cardinal backs higher Shandong bid

CARDINAL Resources has decided to stick with Shandong Gold after the Chinese producer increased its takeover offer last week.

Cardinal backs higher Shandong bid Cardinal backs higher Shandong bid Cardinal backs higher Shandong bid Cardinal backs higher Shandong bid Cardinal backs higher Shandong bid

Drilling at Namdini in Ghana

Shandong last week increased its cash bid for Cardinal from A60c per share to 70c after Russia's Nordgold swooped with a 66c per share on-market offer last month.

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