Australia's Predictive Discovery falls after suitor Perseus drops bid

Perseus Mining

16/12/2025 03:56

** Predictive Discovery PDI.AX falls as much as 5.6% to A$0.67, lowest since December 11

** Perseus Mining PRU.AX says its proposal for PDI no longer deemed superior after Robex matched its bid

** Adds it has therefore terminated offer for PDI

** Believes revised Robex merger remains inferior to its offer, as evidenced by recent trading in PDI

** PRU currently down 0.2%

** YTD, PDI surges ~110%

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))