Articles On Cardinal Resources (ASX:CDV)

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...

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...

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...

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...

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.

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...

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...

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

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...

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.

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

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...

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-...

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.

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...

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,...

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...

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

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...

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...

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...

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...

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...

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...

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...

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

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...

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...

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...

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...

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

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...

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...

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.

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.

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...

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.

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...

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...

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...

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

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...

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

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...

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...

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...

ShareCafeNordgold Makes Bid For Cardinal Resources Cardinal Resources – (ASX: CDV, Share Price: $0.30, Market Cap: $143m, coverage initiated @ $0.29 in June 2016) Key Catalyst Nord Gold SE acquires a 19.9% stake in CDV and also lodges a no...

Just after 3 pm on 16 March, Cardinal Resources Ltd (ASX: CDV) disclosed an indicative non binding conditional takeover proposal of $0.45775, valuing the company at ~$226 million.  Increased takeover activity is another exciting opportunit...

At this stage, there is no formal proposal from NordGold to acquire Cardinal, nor is it certain that a formal proposal will be made.

Russian gold miner Nordgold has set its sights on Ghana-focused gold junior Cardinal Resources (ASX:CDV). Cardinal announced today Nordgold bought a 19.9 per cent stake in the company and now wants the rest. The company has not endorsed the...