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Predictive Discovery Limited ( (AU:PDI) ) has shared an announcement.
Robex Resources Inc. has filed a management information circular for a special meeting of shareholders to vote on a proposed plan of arrangement with Predictive Discovery Limited. The arrangement will result in Robex becoming an indirect wholly-owned subsidiary of Predictive, with Robex shareholders receiving Predictive shares. This merger aims to create one of West Africa’s leading gold producers by combining two advanced gold projects, enhancing scale, access to capital, and strategic relevance. The board of Robex unanimously recommends the arrangement, citing benefits such as increased flexibility, a strengthened management team, and potential for significant upside in creating a tier-1 mining hub.
The most recent analyst rating on (AU:PDI) stock is a Buy with a A$0.74 price target. To see the full list of analyst forecasts on Predictive Discovery Limited stock, see the AU:PDI Stock Forecast page.
More about Predictive Discovery Limited
Robex Resources Inc. is a West African gold producer and developer, focusing on enhancing its strategic relevance and competitiveness in the gold mining industry. The company is involved in significant projects like the Kiniero Project, which is expected to generate substantial cash flows to support further developments such as the Bankan Project.
Average Trading Volume: 14,264,381
Technical Sentiment Signal: Buy
Current Market Cap: A$1.43B
Learn more about PDI stock on TipRanks’ Stock Analysis page.