Predictive Discovery shares rose by more than 20 per cent early on Wednesday morning, following news it had received a ‘superior' counter offer acquisition bid from Perseus Mining.
Gold exploration company Predictive Discovery has received a massive boost, with its Guinea-based Bankan gold project receiving a key government endorsement.
African gold producer Perseus Mining has upped its stake in Predictive Discovery but has reiterated its not currently eyeing a takeover of the developer.
African goldminer Perseus Mining has spent more than $65 million on a strategic stake in fellow ASX-lister Predictive Discovery, but says it is not currently seeking to take over the company.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Santana Minerals' impressive 48m slice at 5.8g/t gold from 167.3m in New Zealand. We also take a close look at other interesting drill hits from last week as reported by Predictive Discovery, Venture Minerals and DevEx Resources.
Gold exploration company Predictive Discovery has announced it will raise $50 million in a bid to enhance further growth and development at its flagship Bankan gold project in Guinea.
Our board moves wrap includes Andrew Tunks, Paul Hopper, Elizabeth Stoner, Darren Cooke, William Nguyen, Sandra Bates, Michael Kitney, Andrew Bald, and David McArthur.
Our board moves wrap includes Greg Harvey, Mark Clements, John McGlue, Robert Gregory, Justin Barton, Andrew Pardey, David Casey, Ian Hobson, and John Geary.
Our board moves wrap includes Neville Gardiner, Jonathan Downes, Brian Gilbertson, Priyank Thapliyal, Simon Jackson, Francis Harper, Paul Roberts, John Henderson, Andrew Pardey and Colm O'Brien.
West Perth-based Predictive Discovery has raised funds to progress its largest drilling program to date for the company's Bankan gold project in Guinea.
Gold has stood the test of time proving it to be a stand-out performer in 2020 following the onset of COVID-19. March saw the price of the yellow metal fall to US$1,486 per ounce before rising by a stunning 40 per cent to hit an all-time US$2,067 per ounce high in August. What does 2021 hold for gold?
Perth-based Encounter Resources, Predictive Discovery and Trek Metals have each launched capital raisings, with the proceeds to go towards gold projects in Australia and Guinea.
West Perth-based Predictive Discovery has received commitments to raise up to $6.9 million from a share placement and is seeking to raise up to a further $2.1 million to progress its gold discovery in Guinea.
West Perth-based gold and uranium explorer Predictive Discovery said employees at its joint venture with Progress Minerals in the West African country of Burkina Faso were safe, after a geologist working for its Canadian partner was kidnapped from the project site and killed.
West African-focused gold explorer Predictive Discovery plans to raise up to $1.85 million for further exploration, through a placement and a rights issue backed by its biggest shareholder.
Aurora Minerals has executed a three way deal with African Lion and Predictive Discovery, offering African Lion an $800,000 placement and in return receiving a 17.2 per cent slice in Predictive.
