Cardinal previously recommended shareholders accept Shandong's off-market offer over Nordgold's 90c per share on-market bid.
Shandong this week declared its unconditional bid its best and final offer.
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Inflation pressure building in gold
The long-running battle for Cardinal Resources has taken another turn after Russia’s Nordgold matched a A$1 per share bid by China’s Shandong Gold.
Cardinal previously recommended shareholders accept Shandong's off-market offer over Nordgold's 90c per share on-market bid.
Shandong this week declared its unconditional bid its best and final offer.
Improved market conditions could lure Russian miner back to London.
Shandong Gold weighs in with Cardinal offer
Galena provides a leading light
Galena provides a leading light