Google Cardinal Resources bidding war Benny. CDV is the code.
That was tit for tat between the Russians and the Chinese.
Looks like the Ghanians won out in the end though.
It's what you want to see when you hold LCL.
A possible scenario in a bidding war could look something like Chinese company makes a bid and Anglogold being a shareholder makes a counter bid.
Either way having a couple of NA gold funds on the register holding just under 10% goes a long way to making sure we wouldn't get sold off to cheaply.
All hypotheticals and very early days for now but at least we have the funds to drill the crap out of this as that's the only way we're going to create value, start adding ounces.
Nice find with the interview thanks Shadow.
Cheers for that
LCL Price at posting:
16.8¢ Sentiment: Buy Disclosure: Held
