Member Info for Aquinaga

Their?

There?

They’re?

But surely that applies to any other possible investment BHP or any other major. The price of a bid has increased.

Unless as has been pointed out a fundamental change has happened or discovered a bid of 28p is very cheap and another bidder is a realistic possibility.

If something negative has been discovered why would the Chinese bid now they could wait and get us cheaper?

So nothing would of change and BHP could still win it at 45-60p

Trouble is pm have doubled in price since then

Yet if BHP think we are not worth buying they haven’t sold either.

The next few months are going to be interesting here.

Taken out for 28p?

White knight?

Bidding war?

BHP changing their mind after feeding a dummy?

For me a bid from Gina or 28p

Happy 2026

Below is a history of the bidding for Cardinal.

Ended with a Chinese company winning

“March 2020: Nordgold made an initial non-binding offer for Cardinal (A$0.45775/share).

June 2020: Shandong Gold made its first bid (A$0.60/share).

July 2020: Shandong improved its offer (A$0.70/share).

July 2020: Nordgold launched an unconditional on-market bid (A$0.66/share).

September 2020: Nordgold increased its offer to A$0.90/share.

October 2020: Both companies declared their offers "best and final" at A$1.00/share, though Shandong hinted at A$1.05 if a higher bid emerged, and Nordgold countered with an off-market offer.

December 2020: Shandong's offer reached ~A$1.075, leading Nordgold to accept Shandong's bid, effectively ending the contest.

Outcome:

Shandong Gold: Won the bid, acquiring control of Cardinal Resources and its valuable Namdini project.

Nordgold: Withdrew its offer, accepting Shandong's superior price, and exited the competition, realizing a gain on its Cardinal shares.

Cardinal Resources: Became a subsidiary of Shandong Gold, a major Chinese gold producer.

Why it happened:

Both companies were vying for Cardinal's flagship Namdini gold project in Ghana, with the bidding war escalating until Shandong Gold's final, higher offer proved too strong for Nordgold to match, considering project risks and required returns”

…and we have “the worlds largest underground silver mine” to be developed

Silver 10% up in a day. China restricts export of silver.

28p bargain take away

Easy Needatwat. You’ll run out of Christmas Cherry!

Or your head will explode! 💥 🤞

I see Santa still has you on the naughty list, still no manners or brains for you the biggest attention seeker of the board. Just a 🤡 suit to update your old one which was getting very worn through over use.

😪🦜

Needy…” There is absolutely no evidence to support any of your claims,

You’re once again talking absolute bo//ocks.

Your? begining to make bbg look normal.

Ffs give it a rest you 😪🦜

Needy “ You really are the most boring moron on this board”

I think between you and sniffer it’s a bit too close to call! 😪🦜

Give it a rest sniffer for f sake it’s Christmas! 🎅

Add I understand that it would have to be released if announced by government but they will no longer be pushing hard for it to be announced. They’ve got their options and happy to walk with the job offer to stay on .

Fingers crossed for a hostile takeover now. But if not already working on plan as to where the money will go.

Have a great Christmas

Agree with you Bozi

Only a superior offer will move the end price. Company very unlikely to release price enhancing news now they have folded.

Appendix 3

Mather HAS agreed.

White Knight only hope now for more than 29p

Sorry right down in appendix 3

Mather HAS agreed.

White Knight only hope now for more than 29p

So Nick has not agreed to this offer.

We are now left calculating the numbers to get over the 75% mark.

Or the long shot of a White Knight appearing?

Merry Christmas everyone.

NEEDY Stop going weak at the knees when you lose to a bigger tospot the Sniffer. Matron will have some meds to help you regain some strength.

Do some research about the company and stop making a twat of yourself.

Happy Christmas to you and your five sisters. AS 😪🦜

…and a late nut popular entry

6 Profitsniffer

9:22 Bitter old man William AKA Needylifey makes another bitter attention seeking comment ffs! We know you have no share, lost money and now just old and bitter. What a 😪🦜

Oh you forgot to mention the little boy called William AKA Needy the little boy who lost money following Mather and wants to blame the world and his dog.

Poor 😪 attention seeking 🦜little needy.

Well done needy ,

You only mentioned clowns 874 times yesterday.

Also spat my cornflakes out when I read that your the latest on here to have met someone and chatted with them and they didn’t run a mile it appears not once, but on several occasions.

That makes you the only person to have made this claim you have a friend.

We're coco and the rest of the circus there in your dreams,

Because you have no mates.

And don't worry mate, not many think your an insider.

A little bit desperate for attention, yes, but the thought of you being an insider, is as absurd as your secret gang

You’d sad little AS 🦜