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Cardinal fight not over

Russians return with much higher offer

Kristie Batten
Cardinal Resources' exploration base in Bolgatanga, Ghana

Cardinal Resources' exploration base in Bolgatanga, Ghana

Nordgold is now offering A90c per share, valuing Cardinal at $420.5 million. The Russian gold producer first acquired a 19.9% stake in Cardinal in March and sent the company a non-binding proposal for...

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