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Market likes Cardinal rulers

Back-of-the-envelope resource calculations aren’t usually enough to enable a stock to get too far ahead of itself but Ghana-focussed gold explorer Cardinal Resources’ (ASX: CDV) shares have gained more than 130% this year – official resource numbers pending at Namdini in the country’s north.

Richard Roberts
Drilling at Namdini in north Ghana ... maiden resource in prospect

Drilling at Namdini in north Ghana ... maiden resource in prospect

The company’s management and shareholder pedigree, plus renewed West Africa gold fervour and what Cardinal’s drilling has revealed to date at Namdini, are obvious reasons for the run on its shares, which...

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