CDV 0.94% $1.07 cardinal resources limited

Ann: Cardinal Executes US$25 Million Term Sheet with Sprott, page-25

  1. 2,779 Posts.
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    Just to add a few comments regarding a J.V.
    Well I think the reason to 50/50 is perhaps because that is not such a bad deal. I mean this cash injection does change the dynamics of CDV being willing to do a deal now, but that it will all depend on how well the exploration plays out. We have to assume not all that well unless we are getting good results, and there have been promising results, but we havent been exactly inundated. (from outside Namdini)

    I just think Goldfields are willing to play the long game here also. They have a stack of those options- they are not going to lose either which way if this travels off on its merry way without them.

    But at the same time its a good deposit, its pretty cheap, why not? And a good way for GFields to secure this early is to do a 50-50. Sure they want 100% but will settle for being able to operate. They have a 50-50 with Gold road, and a 50-50 with with Asanko. They clearly dont mind the setup. Why not? Leaves 1/2 the upside of the project on the table for CDV without the headaches and trying to raise capital. Gfields get it a bit cheaper and secure their ounces.

    Povertyboy stops bleeding while our share price goes north for a change.

    Some of the comparrisons between us and Asanko were not as favourable to us as made out in previous posts. The issue of grade was one of them. They had 1.5-1.8 g/t and we have 1.3-1.4 g/t.

    Also we are on tue border with B. Fasso and Asanko were by the coast. Just trying to keep some perspective.
 
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