The standoff continues, MMCAP may be the kingmaker.Nordgold with 28%, per Sedar Early warning dated Oct.15th.
Shandong with 11% per Sedar Early warning dated Sept. 25th.
MMCAP with 11% per PR dated June 19th, no Sedar filing and Spartan's current monthly report does noi report a sale.
As of June 19, 2020, MM Asset, on behalf of MMCAP, exercised control and direction over 55,711,157 Common Shares, representing approximately 11.14% of the 500,024,522 issued and outstanding Common Shares as reported in Cardinal's Management's Discussion and Analysis dated May 14, 2020.
Still trading in Australia above Shandong's bid. Interesting that Shandong's TMAC Hope Bay bid has been delayed.