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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. > Traded at .70 on ASX
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Comment by lumpy13on Jul 15, 2020 12:19pm
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Post# 31271111

RE:Traded at .70 on ASX

RE:Traded at .70 on ASXNordgold made an offer of A66 cents this morning (you can track down the news on the Cardinal website).  Nordgold tends to be cheap (why did they only offer a 10% premium?) but it will slow things down. 

I took the opportunity to sell the rest of my shares at around A67-68 cents.  Would have been nice to earn more but still a nice return of around 75% for an average holding of around 9 months.

Next one to watch is ORE.  Not as big as Cardinal, but a nice project and would be a cheap acquisition candidate.
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