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Cardinal Resources Limited. CRDNF

Metals & Mining Industrial Metals & Minerals
Cardinal Resources Limited is an African gold-focused exploration and development company which holds interests in tenements within Ghana, West Africa. The Company is focused on the development of the Namdini project.


GREY:CRDNF - Post by User

Cardinal Resources Limited. > Nice analysis from Australia
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Comment by lumpy13on Jun 10, 2020 4:54pm
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Post# 31135632

RE:Nice analysis from Australia

RE:Nice analysis from AustraliaA good video summary of the company.  Too bad it is ASX because 1) they disclose less than in Canada or US; and 2) it just doesn't get  much PR.  The result is a low share price, but attractive price for those that want to buy in.

Interesting conclusion that Nord Gold is trying to squeeze CRDN to buy them cheap or that the company will need to bring in a JV partner given such a high CapEx.  In the meantime, the company is basically in limbo as it doesn't have financing to build out the project.  Initially, start-up was late '22, now - best case - 1H23.
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