The Battle for Cardinal Resources: At an Impasse

    View Author November 2020
    Out there in public M&A land, competition for Cardinal Resources, a Western Australia-based gold explorer with African assets, has been continuing for months, much to the delight of shareholders and particularly those hedge funds who piled in when the bid was first announced. The two competing bidders are the China-based Shandong Gold, and the Russian-backed Nordgold, based in London.