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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.
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.
Company warns deadlocked bidding wars risks delays for giant Ghana gold development
Third bidder emerges for Cardinal
