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Bullboard - Stock Discussion Forum Cardinal Resources Limited. CRDNF

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 Discussion

Cardinal Resources Limited. > Strategic transaction discussions
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Post by lumpy13 on Jun 16, 2020 12:13pm

Strategic transaction discussions

The company admits that discussions are on-going.  About exactly what, isn't clear.  My take is that a big player would come in and take a major stake in the company or undertake a JV.  PR doesn't read as there might be an acquistion of the company.

https://stockhouse.com/news/press-releases/2020/06/16/response-to-ghana-media-speculation-and-continuing-strategic-process
Comment by Nosleep on Jun 16, 2020 10:27pm
it'll be a takeover for sure, why try to build a mine in the location they're in, when you can get a nice payout and move along to the next venture. Think we can get a buck?
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