Cardinal Resources Limited (CDV)



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General Information
Company Name: Cardinal Resources Limited
Stock Code: CDV
Website: www.cardinalresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 1
Equiv. Shares (M): 55

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.021 $ 0.024 $ 0.024 $ 0.021 $ 0.021 27,000 0%

Company Overview

Business Description:
Cardinal Resources Limited (CDV, formerly Ridge Resources Limited) is an African gold focused exploration company which owns Bolgatanga Project and Subranum Project comprising circa 734 sqkm of granted tenements in Ghana. CDV has rights to acquire a 60% interest in a joint venture over two exploitation licences located over the Kilo-Moto greenstone belt in the far north eastern portion of Democratic Republic of Congo.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -1.9 -4.2 -- 0.0 0.0 0.0 --
2012  A -0.2 -1.2 -- 0.0 0.0 0.0 --
2010  A 0.0 0.0 -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2012 F 2013 F 2010 A 2012 F 2013 F 2010 A 2012 F 2013 F
Cardinal Resources (CDV) $1 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $8,761 M -0.5837 -0.1769 -0.5311 19.4091 23.5816 50.2860 0.0105 0.0000 0.0000
Northern Star Resources (NST) $1,069 M 0.2941 -0.0879 4.6329 27.5758 30.2326 5.3671 0.0192 0.0119 0.0746
OceanaGold (OGC) $1,073 M -- -- -0.3917 -- 8.2560 13.5722 0.0000 0.0000 0.0000
OZ Minerals (OZL) $1,451 M -- -- -- -- 173.8182 -- 0.0418 0.0236 0.0162

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CDV -- -- 0.13 -- --
Market 1.18 13.9 0.99 0.95 3.36
Sector 0.86 13.0 0.68 1.48 5.46

Directors
Name Position Start Date
Mr Alec Christopher Pismiris Executive Director 11 November 2010
Mr Archie Koimtsidis Managing Director 24 December 2012
Mr Marcus Michael Non-Executive Director 24 December 2012
Mr Malik Easah Non-Executive Director 24 December 2012
Mr Zhaohui (Tony) Wu Non-Executive Director 02 July 2013

Management
Name Position
Sarah Shipway Company Secretary

Substantial Shareholders
Holding Name
5,668,432 (7.73%) St Barnabas Investments Pty Ltd
3,859,683 (5.38%) Riverfront Nominees Pty Ltd (MCM Family A/C)
3,844,012 (5.24%) Oceanic Capital Pty Ltd
4,225,000 (5.89%) Arthur Koimtsidis
4,150,397 (5.79%) Panga Pty Ltd

Calendar of Events
Date Event
09 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
29 January 2015 Report (Quarterly)
30 October 2014 Report (Quarterly)
25 September 2014 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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