"It is almost always the case that the first takeover proposal is not the only offer.
There are a few variables that have lined up to create a potential bidding war between cashed up gold miners. The target company, Cardinal, appears to have a very attractive ore body at a discounted price, and the gold market is still at record high levels despite recent falls in the gold price. "
"It is almost always the case that the first takeover proposal...
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