Cardinal Resources Limited. CRDNF

Hi all

[Theblessed1]

Is even sub $1 sufficient for over 5 million ounces of Gold? How does this compare with other takeover offers sith similar ounces?
Anyone knows?

Also,If I am reading this correct, they can discuss with other companies as failure to do so fails to look after the best interest of shareholders by the directors.????

The Bid Implementation Agreement contains customary deal protection mechanisms including "no shop", "no talk", "no due diligence", "notification" and "matching rights" restrictions. Cardinal has agreed it will not solicit any competing proposal or participate in any discussions or negotiations in relation to any competing proposal unless, in the case of discussions or negotiations, failure to do so would be a breach of the fiduciary or statutory duties of the Cardinal Directors. Under certain circumstances, an agreed break fee or reverse break fee of $3.3 million will be payable.