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Bidding upped for Cardinal Resources

Major shareholder throws its hat into the ring

Kristie Batten
The site of the future Namdini pit in northern Ghana

The site of the future Namdini pit in northern Ghana

Nordgold already holds 18.7% of Cardinal and has offered A66c per share in cash for the remaining shares it doesn't own. Nordgold had earlier made a non-binding takeover proposal at 45.77c per share...

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