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Cardinal's Koimtsidis 'waiting for auction to start'

Shandong Gold’s takeover offer for Cardinal Resources marks the start of a potential auction for the Ghana-focused miner, CEO Archie Koimtsidis has told Mining Journal.

Cardinal's Koimtsidis 'waiting for auction to start' Cardinal's Koimtsidis 'waiting for auction to start' Cardinal's Koimtsidis 'waiting for auction to start' Cardinal's Koimtsidis 'waiting for auction to start' Cardinal's Koimtsidis 'waiting for auction to start'

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".