CDV 0.00% $1.08 cardinal resources limited

Ann: Annual Report to Shareholders, page-2

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  1. 5,264 Posts.
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    106 million options at 15 cents expiring on 30 Sept.

    If Goldfields exercise their options, it will take them to 19.9% ownership.

    I always thought Centamin might be interested in this, but of course Goldfields holds a blocking stake.
    If Goldfields were to sell down though, then anything could happen.

    My guess as to how the end game might play out, is Goldfields opting for a 50:50 JV.
    But this is just a wild guess, and like most of these, probably going to be way off the mark.

    September will be interesting though.

    Gw
 
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