Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Predictive Discovery Limited ( (AU:PDI) ) has provided an update.
Robex Resources shareholders have overwhelmingly approved a merger with Predictive Discovery Limited, under which Predictive, via a wholly owned subsidiary, will acquire all Robex shares through a statutory plan of arrangement. The deal, backed by 94.54% of votes cast, will see Robex investors receive 7.862 Predictive shares for each Robex share and hold about 46.5% of the combined company, which aims to become one of West Africa’s leading gold producers by combining Robex’s Kiniero and Nampala operations with Predictive’s Bankan project. Subject to court, stock exchange, governmental and customary approvals, the transaction is expected to close in the first quarter of 2026, creating a larger, multi-asset group with projected annual production above 400,000 ounces by 2029, enhanced prospects for index inclusion, operational synergies in Guinea, and a strengthened leadership team, all of which are intended to support accelerated growth and returns for shareholders and other stakeholders.
The most recent analyst rating on (AU:PDI) stock is a Hold with a A$0.79 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 Canadian gold mining company listed on the TSX Venture Exchange and the ASX, headquartered in Quebec. Its key assets are the Nampala gold mine in Mali and the Kiniero gold project in Guinea, positioning the company as a West Africa-focused gold producer.
Average Trading Volume: 15,569,645
Technical Sentiment Signal: Buy
Current Market Cap: A$2B
See more insights into PDI stock on TipRanks’ Stock Analysis page.