GREY:CRDNF - Post by User
Comment by
phoenix_traderon Jun 19, 2020 9:16am
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Post# 31168575
RE:I do not think this is the end of the story......
RE:I do not think this is the end of the story......I agree, the Mordashov family (Nordgold) own 20% of CDV and access to the Cardinal data room since early March. Nordgold has mines in neighbouring Burkina Faso which likely facilitated due diligence.
Nordgold knows how to build a profitable mine. Gross in Russia was completed in 2018 on budget and delivered US $283 million EBITDA in it's first year, 2019. They can do the same or better with Namdini.
I think they can pay AUS$ .80 - 1.00 and achieve pay back in 18 months.