Predictive Discovery Limited (AU:PDI)
ASX:PDI
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Predictive Discovery Limited
(Sydney:PDI)
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Rating:54Neutral
Price Target:
AU$0.97
â–˛(28.16% Upside)
Action:ReiteratedDate:02/10/26
The score is primarily held back by weak financial performance driven by ongoing losses and significant negative free cash flow despite a strong, low-debt balance sheet. Technicals are moderately supportive with neutral momentum and price strength versus longer-term averages, while valuation is constrained by loss-making results and no dividend support.
Positive Factors
Minimal leverage / no debt
Zero reported debt materially reduces financing and solvency risk for an exploration company. This durable capital structure lowers interest exposure, preserves flexibility to fund drilling or JV talks, and improves ability to withstand multi‑quarter exploration cycles without creditor pressure.
Negative Factors
Material negative free cash flow
Sustained large negative free cash flow reflects heavy funding needs for exploration and development. Over months this raises dependency on external capital, risks schedule delays if funding tightens, and increases the probability of further equity issuance that dilutes shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage / no debt
Zero reported debt materially reduces financing and solvency risk for an exploration company. This durable capital structure lowers interest exposure, preserves flexibility to fund drilling or JV talks, and improves ability to withstand multi‑quarter exploration cycles without creditor pressure.
Read all positive factors
Predictive Discovery Limited (PDI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.97B
Dividend YieldN/A
Average Volume (3M)18.53M
Price to Earnings (P/E)―
Beta (1Y)1.77
Revenue GrowthN/A
EPS Growth-15.00%
CountryAU
Employees27
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding4,892,656,700
10 Day Avg. Volume23,736,565
30 Day Avg. Volume18,530,005
Financial Highlights & Ratios
PEG Ratio-2.48
Price to Book (P/B)4.13
Price to Sales (P/S)0.00
P/FCF Ratio-18.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.66Price Target Upside118.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.09
Revenue Forecast (FY)AU$878.35M
Predictive Discovery Limited Business Overview & Revenue Model
Company Description
Predictive Discovery Limited explores for, identifies, and develops gold reserves in West Africa and Australia. Its flagship property is the 100% owned Bankan Gold project, which covers an area of 356 square kilometers located in the north-east Gu...
How the Company Makes Money
PDI does not typically generate recurring operating revenue in the way a producer or service company does. Its primary source of funds is external financing to support exploration and development, most commonly through issuing equity securities (c...
Predictive Discovery Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 170.77K | 0.00 | 0.00 | 15.04K |
| Gross Profit | -528.49K | -603.54K | 170.77K | -524.00K | -222.00K | -45.49K |
| EBITDA | -20.93M | -15.09M | -8.08M | -10.42M | -9.47M | -6.56M |
| Net Income | -18.03M | -13.00M | -8.68M | -11.23M | -9.69M | -6.62M |
Balance Sheet | ||||||
| Total Assets | 220.93M | 231.32M | 176.59M | 133.79M | 80.63M | 38.79M |
| Cash, Cash Equivalents and Short-Term Investments | 42.98M | 69.23M | 52.43M | 44.89M | 42.04M | 22.73M |
| Total Debt | 360.60K | 0.00 | 159.33K | 313.24K | 0.00 | 0.00 |
| Total Liabilities | 6.91M | 2.68M | 6.64M | 4.95M | 6.55M | 2.50M |
| Stockholders Equity | 214.02M | 228.64M | 169.95M | 128.84M | 74.08M | 36.29M |
Cash Flow | ||||||
| Free Cash Flow | -43.81M | -51.15M | -41.42M | -57.43M | -23.75M | -14.64M |
| Operating Cash Flow | -14.65M | -8.67M | -5.17M | -56.94M | -23.04M | -14.29M |
| Investing Cash Flow | -38.41M | -47.49M | -59.25M | -453.67K | -712.10K | -347.18K |
| Financing Cash Flow | 67.36M | 67.88M | 48.88M | 60.67M | 43.06M | 28.73M |
Predictive Discovery Limited Technical Analysis
Positive
0.76
Price Trends
0.87
Positive
0.81
Positive
0.64
Positive
Market Momentum
0.03
Negative
58.75
Neutral
70.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PDI, the sentiment is Positive. The current price of 0.76 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.87, and above the 200-day MA of 0.64, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 58.75 is Neutral, neither overbought nor oversold. The STOCH value of 70.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PDI.
Predictive Discovery Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$2.73B | 7.63 | 68.49% | ― | 82.10% | 237.67% | |
64 Neutral | AU$2.60B | 22.93 | 17.47% | ― | 10.67% | ― | |
63 Neutral | AU$1.47B | 7.86 | 22.55% | ― | -0.53% | 48.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$1.29B | 8.53 | 19.74% | ― | 53.05% | ― | |
54 Neutral | AU$4.97B | -37.45 | -8.15% | ― | ― | -15.00% | |
52 Neutral | AU$2.38B | 240.15 | -6.70% | ― | 17.08% | -158.79% |
* Basic Materials Sector Average
AU:PDI
Predictive Discovery Limited
1.02
0.65
181.94%
AU:RSG
Resolute Mining
1.22
0.71
138.24%
AU:CYL
Catalyst Metals Limited
5.65
-0.02
-0.35%
AU:OBM
Ora Banda Mining
1.42
0.42
41.50%
AU:PNR
Pantoro Gold Limited
3.27
0.35
11.99%
AU:BGL
Bellevue Gold Limited
1.60
0.68
75.27%
Predictive Discovery Limited Corporate Events
Predictive Discovery flags risk and uncertainty in post-Robex investor update
Apr 27, 2026
Predictive Discovery has released an investor update for the March 2026 quarter outlining its position following the completion of its acquisition of Robex Resources on 15 April 2026. The company emphasises that the information provided is summary...
Van Eck Exits Substantial Shareholder Position in Predictive Discovery
Apr 22, 2026
Predictive Discovery has disclosed that Van Eck Associates Corporation has ceased to be a substantial holder in the company as of 20 April 2026, according to a statutory notice filed under Australian corporations law. The change follows a series o...
Predictive Discovery shifts head office as West African gold portfolio grows
Apr 22, 2026
Predictive Discovery Limited has changed its registered office and principal place of business to new premises on Charles Street in South Perth, Western Australia, effective immediately. The relocation formalises the company’s corporate pres...
Predictive Discovery to Brief Investors on Post‑Merger Quarter and Growth Plans
Apr 21, 2026
Predictive Discovery Limited will host an investor webinar and conference call on 28 April 2026 (Sydney time) to discuss its activities for the March 2026 quarter following its merger with Robex Resources Inc. The event, to be presented by CEO and...
Predictive Discovery Appoints New Director with Significant Equity Interests
Apr 17, 2026
Predictive Discovery Limited has appointed Matthew Wilcox as a director effective 15 April 2026, formalising his role within the company’s leadership structure. As part of his appointment, Wilcox holds substantial equity-linked interests, in...
Predictive Discovery Discloses Shareholdings as Director Sandra Bates Steps Down
Apr 17, 2026
Predictive Discovery Limited has announced that director Sandra Bates ceased to be a director of the company on 15 April 2026, with the final director’s interest notice lodged with the ASX. The filing discloses that while Bates holds no secu...
Predictive Discovery Director Boosts Equity Stake Through Performance Rights Conversion
Apr 17, 2026
Predictive Discovery has reported a change in the interests of director Andrew Pardey, following the exercise of vested performance rights. Pardey converted a total of 18,240,000 short-term and long-term performance rights into fully paid ordinary...
Predictive Discovery and Robex Complete Merger to Form West African Gold Producer
Apr 16, 2026
Predictive Discovery Limited and Robex Resources have completed their merger, creating a combined West African gold production and development group with ambitions to produce more than 400,000 ounces of gold annually by 2029. The deal was executed...
Predictive Discovery Seeks ASX Quotation for 73.7 Million New Shares
Apr 16, 2026
Predictive Discovery Limited has applied for quotation of 73,680,000 new ordinary fully paid shares on the ASX, to be issued under the code PDI. The additional securities, resulting from the exercise or conversion of existing instruments, will exp...
Predictive Discovery Seeks Quotation of 3.1 Million New Shares on ASX
Apr 16, 2026
Predictive Discovery Limited has applied for quotation on the ASX of 3,144,800 new fully paid ordinary shares, with an issue date of 16 April 2026. The additional securities, which follow transactions previously notified to the market, will modest...
Predictive Discovery Issues Large Tranche of Unquoted Equity Incentives
Apr 16, 2026
Predictive Discovery Limited has notified the market of a substantial issue of new unquoted equity securities, including 98,275,000 warrants exercisable at $0.36 expiring in April 2028 and 52,478,850 options with various exercise prices and maturi...
Predictive Discovery Seeks ASX Quotation for Over 2.17 Billion New Shares
Apr 16, 2026
Predictive Discovery Limited has applied for quotation on the ASX of 2,173,322,332 ordinary fully paid shares, with an issue date of 16 April 2026. The application, lodged as a new announcement under Appendix 2A of the ASX Listing Rules, formalise...
Predictive Discovery and Robex Complete Key Steps Toward Merger
Apr 16, 2026
Predictive Discovery Limited and Robex Resources Inc. reported that all substantive steps required to implement their planned merger have been completed, leaving only the issuance of a Certificate of Arrangement by the Quebec registry as an outsta...
Predictive Discovery Director Increases Equity Stake Through Option Exercise
Apr 13, 2026
Predictive Discovery Limited has reported a change in director Andrew Pardey’s holdings following the exercise of his zero exercise options. Pardey converted 3,125,000 zero exercise options into fully paid ordinary shares at $0.93 per share,...
Predictive Discovery Seeks ASX Quotation for 6.47 Million New Shares
Apr 13, 2026
Predictive Discovery Limited has applied to the ASX for quotation of 6,468,750 ordinary fully paid shares under its issuer code PDI. The shares, issued on 13 April 2026, arise from the exercise or conversion of existing options or other convertibl...
Predictive Discovery and Robex Set Timetable for Share-Exchange Merger and Dual Listing
Apr 9, 2026
Predictive Discovery Limited and Robex Resources Inc. have confirmed the detailed timetable for their merger, which is being executed via a statutory plan of arrangement under Québec corporate law, with all conditions now satisfied and the tr...
Predictive Discovery–Robex Merger Clears Conditions to Form West African Gold Producer
Apr 7, 2026
Predictive Discovery and Robex Resources have confirmed that their previously announced merger is now unconditional, with implementation expected around 15 April 2026. The deal will see Robex shareholders receive 7.862 Predictive shares for each R...
Predictive Discovery seeks ASX quotation for new share issuance
Mar 30, 2026
Predictive Discovery Limited has applied to the ASX for quotation of 607,894 new ordinary fully paid shares, to be issued on March 30, 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly ...
Bank of America Exits Substantial Holding in Predictive Discovery
Mar 25, 2026
Bank of America Corporation and certain related entities have disclosed that they have ceased to be substantial shareholders in Predictive Discovery Limited as of 23 March 2026. The change follows adjustments in their relevant interests in the com...
Norges Bank Exits Substantial Holding in Predictive Discovery
Mar 25, 2026
Norges Bank has notified Predictive Discovery Ltd that it has ceased to be a substantial shareholder as of 25 March 2026. The change follows the return of collateral shares amounting to 57,496,734 common shares, significantly reducing Norges Bank&...
Citigroup Group Ceases to Be Substantial Holder in Predictive Discovery
Mar 25, 2026
Citigroup Global Markets Australia Pty Limited and its related Citi group entities have notified Predictive Discovery Limited that they have ceased to be a substantial holder as of 23 March 2026, reflecting shifts in their aggregate relevant inter...
Predictive Discovery to Join S&P/ASX 200 in March Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced a series of changes to the SP/ASX index family as part of its March 2026 quarterly rebalance, reshaping the composition of several major Australian equity benchmarks. Notably, Predictive Discovery Limited will be...
UBS Group Exits Substantial Shareholding in Predictive Discovery
Feb 25, 2026
UBS Group AG and its related bodies corporate have notified Predictive Discovery Limited that they have ceased to be a substantial shareholder in the company as of 23 February 2026. The change, formally recorded in a substantial holder notice, sig...
Predictive Discovery Releases Half-Year 2025 Interim Financial Report
Feb 23, 2026
Predictive Discovery Limited has released its interim financial report for the half-year ended 31 December 2025, covering the consolidated financial performance and position of the company and its controlled entities. The report includes directors...
Predictive Discovery Sets Merger Plan to Form Leading Guinean Gold Producer
Feb 22, 2026
Predictive Discovery Limited has outlined plans to merge with Robex Resources in a transaction designed to create Guinea’s leading gold producer. The proposed combination would integrate Robex’s Kiniero and Nampala operations with Pred...
UBS Exits Substantial Shareholder Position in Predictive Discovery
Feb 11, 2026
UBS Group AG and its related bodies corporate have notified Predictive Discovery Limited that they ceased to be a substantial shareholder in the company as of 9 February 2026, in accordance with Australian Corporations Law disclosure requirements....
Predictive Discovery Advances Robex Merger and Bankan Gold Development
Jan 28, 2026
Predictive Discovery Limited reported that its merger of equals with Robex Resources is progressing, with Robex shareholders and the Québec Superior Court having approved the deal and completion expected in the first quarter of 2026. The comb...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.