Long-running Cardinal fight set to finally conclude

AFTER a long-fought battle, China’s Shandong Gold looks set to emerge victorious in its quest to acquire Cardinal Resources and its undeveloped Namdini gold project in Ghana.

Long-running Cardinal fight set to finally conclude Long-running Cardinal fight set to finally conclude Long-running Cardinal fight set to finally conclude Long-running Cardinal fight set to finally conclude Long-running Cardinal fight set to finally conclude

Cardinal's exploration base in Bolgatanga, Ghana

The fight for Cardinal had become increasingly drawn out, with a stalemate developing as Shandong and Russia's Nordgold both stood firm at offers of A$1.05 per share.

topics

loader