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Cardinal's Koimtsidis 'waiting for auction to start'

Cardinal CEO sees Shandong offer as start point for a bidding war

Tom Hoskyns
Cardinal Resources' Namdini project is located approximately 60km south of the Burkina Faso-Ghana border and 12 km from Cardinal’s Ndongo East Prospect

Cardinal Resources' Namdini project is located approximately 60km south of the Burkina Faso-Ghana border and 12 km from Cardinal’s Ndongo East Prospect

Cardinal received a A$300 million takeover offer from China's Shandong on Thursday, which Cardinal's board recommended shareholders accept "in the absence of a superior proposal". But Koimtsidis told...

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