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Joe Mazumdar Cardinal Resources Limited CDV-T DON'T BUY Oct 16, 2019

He used to own this. He was interested in the West Africa play, but he was looking for a higher grade play instead. Right now West Africa is not a safe play geopolitically speaking. This is probably impacting the share price. Infrastructure constraints make it more expensive in their area as well -- power comes strictly from diesel.
Joe MazumdarJoe Mazumdar
No
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$0.350

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BUY

Cardinal Resources Limited(CDV-T)

Nov 06, 2019
They a 5-million ounce deposit, rare. A low-grade one in Ghana which scares some investors, and they don't have production financing in place, but will come. But he's bullish about Ghana where insurgency fears are way overblown.
Rick RuleRick Rule
Owned
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$0.340

Stock price when the opinion was issued

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PAST TOP PICK

Cardinal Resources Limited(CDV-T)

Mar 04, 2022
(A Top Pick Mar 26/21, Up 180%) Second largest shareholder after Murray Edwards. Would buy again. Months away from starting a meaningful dividend. Expecting a 7-9% dividend yield. Expecting a double in share price.
Eric NuttallEric Nuttall
Owned
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$1.040

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