CDV
Director Trades
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Company News
Russia’s fourth richest man outbids Chinese for gold explorer Cardinal Resources
Ghana gold explorer Cardinal Resources (ASX: CDV) is now the target of a takeover battle between powerful Russian and Chinese bidders. London-headquartered — but Russian-controlled — Nord Gold (Nordgold), which has gold interests in Russia, Canada and French Guiana, is offering $0.66 per share in cash to Cardinal shareholders. This offer is 10% higher than […]
Gold is the big story in town as investors rush into penny stocks
Scratch a financial advisor and ask about investing in gold – it is almost certain one of their suggestions will be to buy companies actually producing the metal and, preferably, paying a dividend. But Monday saw the market action elsewhere and the cheaper the stock, the more enthusiasm. There are various currents swirling in the […]
China’s Shandong Gold makes all-cash bid for Cardinal Resources
Cardinal Resources’ (ASX: CDV) board has endorsed an all cash takeover play from the subsidiary of a Chinese state-owned gold mining company, with Cardinal chief executive officer and managing director Archie Koimtsidis claiming the offer is “strong” and “delivers a significant premium”. China’s largest gold producer Shandong Gold Mining Co Ltd’s subsidiary Shandong Gold Mining […]
Nord Gold makes takeover proposal for Cardinal Resources after scooping up 19.9% stake
Cardinal Resources (ASX: CDV) has received a preliminary takeover proposal of $0.45775 per share from its largest shareholder UK-based Nord Gold SE (Nordgold). According to Cardinal, the offer is non-binding and as yet, it has not received a formal offer that is capable of acceptance. While urging shareholders to take no action at this stage, […]