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3/28/19

Catching up with Cardinal Resources (CDV.to)

On February 13th and the publication of its quarter to December 2018, this humble corner of cyberspace ran a post entitled "Cardinal Resources (CDV.to) and the cost of getting U$25m out of Sprott USA". Then the next day we went with more information on how CDV was trying to hide the true cost of capital it needed to pay from its shareholders in "More Cardinal Resources (CDV.to): The BS they feed you masquerading as project economics". So let's see how things have been going over at CDV recently:


That good, eh? Though I'm sure shareholders will be thrilled to know that Rick Rule will get paid by the company in full. Hey, I wonder who sold that 1.5m share block on February 12th? Excellent timing...