Articles On Cardinal Resources (ASX:CDV)

Title Source Codes Date
Cardinal Resources recommends takeover bid from Shandong Gold Mining

Shandong’s latest proposal came after back-and-forth bidding between the Hong Kong-based gold miner and Moscow-based Nord Gold SE.

Proactive Investors CDV 1 day ago
ASX gold, New Zealand-headquartered small caps take a hit; investors told not to panic

The sudden drop in spot gold prices and reintroduction of COVID-19 restrictions in New Zealand have hit the relevant ASX small caps this morning. After 100 days of being virus-free, four COVID-19 cases were detected in the country. New Zeal...

Stockhead CDV 1 day ago
Cardinal Resources provides Target's Statement in relation to Shandong Gold's offer

Cardinal Resources (ASX: CDV) has today released its Target’s Statement in relation to the off-market takeover bid by Shandong Gold to acquire all of the company’s outstanding shares at 70¢ cash per share.  The Cardinal board has unanimous...

Investor Insight CDV 2 days ago
Cardinal Resources provides June quarter results

Cardinal Resources (ASX: CDV), a Ghana gold focused exploration and development company, has provided its quarterly activity results for the period ending 30 June 2020. HIGHLIGHTS On March 16, 2020 the Company advised that it had received...

Investor Insight CDV 1 week ago
Cardinal Resources releases supplementary target's statement in response to Nordgold offer

Cardinal Resources (ASX: CDV) has released a first supplementary target's statement in response to the on-market takeover bid by Nordgold. The directors of the Cardinal Board unanimously recommend that Cardinal shareholders reject the offer...

Investor Insight CDV 1 week ago
Amended Bid Implementation Agreement with Shandong Gold

Cardinal Resources (ASX: CDV) refers to its announcement dated 27 July 2020 in relation to the revised and improved proposal for an off‐market takeover offer from Shandong Gold Mining (HongKong) Co., Limited pursuant to which Shandong Gold...

Investor Insight CDV 2 weeks ago
Cardinal Resources releases target's statement in response to Nordgold takeover bid

Cardinal Resources (ASX: CDV) has provided a target's statement in relation to Nordgold's on-market unconditional takeover offer to acquire all shares in Cardinal for 66c per share. The Cardinal board has unanimously advised that Cardinal s...

Investor Insight CDV 2 weeks ago
Cardinal Resources recommends all-cash takeover offer by Shandong Gold

Cardinal Resources (ASX: CDV) has recommended that shareholders accept Shandong Gold's revised and improved off-market takeover proposal for 70c per share of all of the shares in Cardinal that Shandong does not currently own. Recommended R...

Investor Insight CDV 2 weeks ago
Cardinal Resources recommends revised A$0.70 offer from Shandong Gold

The company’s board of directors has advised acceptance of the revised Shandong Gold offer and rejection of the Nord Gold S.E. offer of A$0.66.

Proactive Investors CDV 2 weeks ago
Gold Road joins $2 club as Gruyere delivers what Cardinal’s Namdini promises

There was no fanfare as Gold Road Resources shares traded above $2 this week for the first time in the Perth company’s history. The breakthrough was short lived. However, as the trend is your friend, Gold Road (ASX: GOR) is likely to test t...

Investor Insight CDV 2 weeks ago
Cardinal Resources receives revised and improved takeover proposal from Shandong Gold

Cardinal Resources (ASX: CDV) has received a revised and improved proposal for an off-market takeover offer from Shandong Gold Mining, pursuant to which Shandong Gold will offer to acquire all of the shares in Cardinal it does not presently...

Investor Insight CDV 3 weeks ago
Shandong returns with higher Cardinal offer

CHINA'S Shandong Gold Mining has lifted its cash takeover offer for Cardinal Resources to A70c per share. Shandong returns with higher Cardinal ...

Mining News CDV 3 weeks ago
5moz Cardinal Resources in the middle of a China vs. Russia bidding war as gold soars

Gold prices are continuing towards all time  highs with spot gold putting on another 1.7 per cent in after-hours trade to $US1,872.53 an ounce. With gold seemingly on track to $US2,000 an ounce and beyond, the stage is set for the takeover...

Stockhead CDV 3 weeks ago
Cardinal Resources fields improved offer of A$0.70 from Shandong Gold

The revised off-market proposal increases the offer of $A0.60 made in June and is also higher than the competing on-market takeover offer at A$0.66 cash per share from Nord Gold SE.

Proactive Investors CDV 3 weeks ago
Cardinal Resources receives sovereign ratification for Namdini Gold Project mining licence

Parliamentary ratification of the mining licence paves the way for secure and solid project development for the Namdini Gold Project.

Proactive Investors CDV 3 weeks ago
Cardinal Resources' Namdini mining lease receives sovereign parliamentary ratification in Ghana

Cardinal Resources (ASX: CDV) has announced that its Namdini Mining Licence has officially received sovereign parliamentary ratification in Ghana.   HIGHLIGHTS: Parliamentary Ratification of the Mining License paves the way for secure and...

Investor Insight CDV 3 weeks ago
Nordgold lobs $347m bid at Cardinal in takeover tussle

Cardinal Resources has become the focus of a takeover battle between United Kingdom-headquartered Nordgold and China’s Shandong Gold Mining. Shandong, the largest gold producer in China and also an asset owner in Argentina, launched an off-...

Australian Mining CDV 4 weeks ago
Cardinal Resources says ‘take no action’ with Nord Gold SE on-market takeover bid

Shares have been up 18% today to A$0.70 in response to Nordgold’s unconditional on-market all cash offer at A$0.66 cash per share.

Proactive Investors CDV 4 weeks ago
Cardinal Resources advises shareholders to take no action in relation to Nord Gold takeover bid

Cardinal Resources (ASX: CDV) has advised shareholders to take no action in referring to Nord Gold's unconditional on-market takeover bid at 66c per share. Cardinal notes that it has obligations under the Bid Implementation Agreement enter...

Investor Insight CDV 4 weeks ago
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,...

SmallCaps CDV 4 weeks ago
Zenith turns share price surge into oversubscribed $5.1m raising

Zenith Minerals has continued a stellar run after investors flooded its capital raising to leave this gold explorer cashed up to turbocharge its exploration efforts in Queensland and WA. The Perth-based explorer (ASX: ZNC) had intended to...

Investor Insight CDV 1 month ago
Cardinal Resources boosts balance on completing $11.96 million placement to Shandong Gold

The funds raised by this placement will be used to ensure Cardinal continues advancing the Namdini Gold Project towards development.

Proactive Investors CDV 1 month ago
Cardinal Resources issues shares to Shandong Gold

Cardinal Resources (ASX: CDV) has announced that, further to the press release and the Bid Implementation Agreement dated 18 June 2020, it has now raised A$11,960,000 as a result of the issue of 26,000,000 fully paid ordinary shares to Shan...

Investor Insight CDV 1 month ago
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...

SmallCaps CDV 1 month ago
OZ Minerals’ Cassini takeover the latest in a rush of resources M&A action

The resources sector continues to be a hive of merger and acquisition activity, at both the big and small end of town. Share prices are responding positively. On Monday, $3.4 billion miner OZ Minerals (ASX:OZL) moved to acquire explorer Cas...

Stockhead CDV 1 month ago
Shandong's $300m tilt at Cardinal shines light on next gold move

The investor response was overwhelming and predictable – news that Shandong Gold, one of China’s largest precious metals producers, had agreed to acquire Cardinal Resources for more than $300 million cash sent shares in the Perth target up...

Investor Insight CDV 1 month ago
China’s Shandong Gold makes move on Cardinal Resources

Chinese producer Shandong Gold has made a play for Cardinal Resources with an off-market cash takeover offer for 100 per cent of the target’s shares. Shandong increased its offer in March by 75.5 per cent on Cardinal’s 20-day volume weighte...

Australian Mining CDV 1 month ago
Closing Bell: Today’s biggest small cap movers on the ASX

A quick wrap of the key winners and losers on Friday, June 19. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 806 stocks rose, 483 declined and 825 were...

Stockhead CDV 1 month ago
China’s Shandong Gold Swoops In On Cardinal Resources

ShareCafeChina’s Shandong Gold Swoops In On Cardinal Resources Cardinal Resources – (ASX: CDV, Share Price: $0.59, Market Cap: $295m, coverage initiated @ $0.29 in June 2016 – current gain of 103%) Key Catalyst CDV share price up 25% after...

ShareCafe CDV 1 month ago
Cardinal Resources higher on fielding cash takeover offer from Shandong Gold at A$0.60 per share

Cardinal’s directors, who collectively hold approximately 6.37% of the company’s ordinary shares, intend to accept the Shandong Gold offer.

Proactive Investors CDV 1 month ago
Cardinal Resources share price rockets 27% on $300 million takeover bid

The Cardinal Resources Ltd (ASX: CDV) share price is flying higher today following news that a subsidiary of China’s largest gold producer is making a play for the ASX miner. Cardinal Resources is a gold-focused exploration and development...

Motley Fool CDV 1 month ago
Cardinal Resources receives 100% cash takeover offer from Shandong Gold at A$0.60 per share

Cardinal Resources (ASX: CDV) has entered into a Bid Implementation Agreement with Shandong Gold Mining (Hong Kong). Shandong Gold has agreed to acquire 100% of the issued and outstanding ordinary shares in Cardinal at A$0.60 cash per share...

Investor Insight CDV 1 month ago
Gold prices are looking for direction, Cardinal recommends $300m takeover offer

Gold remains in a holding pattern with spot prices dipping slightly from last week’s close of $US1,730.80 an ounce to the current price of $US1,723.95 an ounce. Currency exchange rates mean that Australian gold producers continue to enjoy a...

Stockhead CDV 1 month ago
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 i...

SmallCaps CDV 1 month ago
Cardinal Resources fields cash takeover offer from Shandong Gold at A$0.60 per share

Cardinal’s directors, who collectively hold approximately 6.37% of the company’s ordinary shares, intend to accept the Shandong Gold offer.

Proactive Investors CDV 1 month ago
10 at 10: These ASX stocks are a colossus this morning

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Stockhead CDV 1 month ago
Cardinal responds to media speculation in respect to continuing strategic process

Cardinal Resources (ASX: CDV) has responded to media speculation in reference to its announcements of 30 March and 4 May 2020 in respect of the continuing strategic process with banks, financiers and other parties which continue to show int...

Investor Insight CDV 1 month ago
Cardinal Resources gains new substantial holder in MM Asset Management

Based on the current gold price, Cardinal’s Namdini Gold Project has a pre-tax net present value of at least US$1.44 billion based on feasibility study assumptions.

Proactive Investors CDV 2 months ago
Cardinal Resources’ debt purchased by Ghana Government owned infrastructure investment vehicle

A feasibility study released in the fourth quarter of 2019 demonstrated that Cardinal’s flagship Namdini Gold Project in Ghana has the potential to be a low capital cost, high‐margin development opportunity.

Proactive Investors CDV 2 months ago
Ghana Infrastructure Investment Fund purchases Cardinal's debt

Cardinal Resources Limited (ASX:CDV) has announced that the Ghana Infrastructure Investment Fund (GIIF) has purchased the company's debt from Sprott Private Resource Lending, L.P. to become Cardinal’s senior debt facility provider. The bal...

Investor Insight CDV 2 months ago
Cardinal Resources shares jump after securing environmental permit for Namdini Gold Project in Ghana

Based on the current gold price, Namdini Gold Project has a pre-tax net present value of at least US$1.44 billion based on feasibility study assumptions.

Proactive Investors CDV 3 months ago
Cardinal Resources provides company update on Namdini gold project in Ghana

Advanced West African gold developer, Cardinal Resources (ASX: CDV), has provided an update in relation to the development of its 5.1Moz* Namdini Gold Project in Ghana, West Africa. HIGHLIGHTS: Ghanaian Environmental Protection Agency (“E...

Investor Insight CDV 3 months ago
Cardinal Resources provides quarterly activities report for the period ending 31 March 2020

Advanced West African gold developer, Cardinal Resources (ASX: CDV), has released its quarterly activities report for the period ending 31 March 2020. HIGHLIGHTS On January 29, 2020 the Company announced that together with its appointed a...

Investor Insight CDV 3 months ago
Barry FitzGerald: Investors pivot back to West African gold; these are the small caps to watch

West African gold is back on the radar for ASX investors, with the region’s past experience in dealing with infectious diseases like Ebola part of the consideration. The health protocols and supply chain arrangements now being adopted at mi...

Stockhead CDV 3 months ago
Cardinal Resources scales back fieldwork in wake of Coronavirus

The company is working towards finalising funding for the Namdini Gold Project in West Africa.

Proactive Investors CDV 4 months ago
Cardinal provides company update regarding COVID-19

Advanced West African gold developer, Cardinal Resources (ASX: CDV), is pleased to provide a corporate update to shareholders and commentary as to how the Company is managing the current COVID‐19 pandemic. Nordgold   The Company advises th...

Investor Insight CDV 4 months ago
Cardinal Resources shares rise after expanding Namdini Gold Project area

Expanded Mining Licence allows for further financial optimisation by repositioning infrastructure such as tailings storage facilities, stockpiles and waste dumps.

Proactive Investors CDV 4 months ago
Cardinal Resources expands Namdini mining licence area

Cardinal Resources (ASX: CDV) has received approval for the expansion of the current Namdini Mining Licence from 19 km2 to 63 km2 , more than tripling the size of the Mining Licence for its world‐class Namdini Gold Project in Ghana. HIGHLI...

Investor Insight CDV 4 months ago
Short & Caught: The ASX stocks investors are shorting right now

Short & Caught is Stockhead’s fortnightly recap of which ASX small cap stocks are heavily shorted. Stocks that are shorted have investors betting that they fall. Shorting works by selling stocks you do not actually own in the hope of bu...

Stockhead CDV 4 months ago
3 profit opportunities in a bear market

Trying to predict the future is not a strategy for profit opportunities right now – as John Maynard Keynes said, “The market can stay irrational longer than you can stay solvent”. He could have been describing the past couple of weeks. No...

Motley Fool CDV 4 months ago