Ann: Cardinal Intercepts High-Grade Shallow Gold at Ndongo East, page-4

Don't want to rain on the CDV parade (looks cheapish fpr pre-DFS, pre cap-raise stage) but if exploration results are pretty poor sometimes it's better saying nothing at all.

Firstly, for an early stage and potentially meaningful sized satellite deposit why are they infill drilling at 12.5m sections around the best little bit? Adds no ounces and only makes it look like they have run out of scope for adding size along the '450m strike'. Secondly, the results are significantly lower on average for these 4 intersections than the one good section drilled in between the two new sections. Thirdly, while the hole 58-59 section returned good enough results to include the 1m assay splits, they chose to leave out this detailed information on the hole 60-61 section... assay smearing of very skinny lode across a meaningful down hole width? Assaying smearing is the new black it seems in gold reporting, an exercise in subterfuge and ramping, and a personal irritation.

Sorry, Namdini looking more and more like very poddy, skinny and insignificant prospect. Hope they can find something better in the near future to turn the trend around.

Good luck