Australia's Predictive Discovery hits near 13-year high on Robex merger
06/10/2025 03:41
** Shares of Predictive Discovery PDI.AX rise as much as 14.8% to A$0.505, their highest level since January 22, 2013 ** Stocks marks its biggest intraday pct rise since August 15, 2024 ** The gold exploration co announces merger of equals with Robex Resources RBX.V, wherein the co will acquire all shares of the Canada-based company ** Combined co will remain listed on the Australian Securities Exchange and will apply to list PDI's shares on the TSX Venture Exchange, where RBX is currently listed ** Says combined production is expected to exceed 400kozpa Au by 2029 ** About 41.8 million shares change hands, 2.8 times the 30-day avg ** Stock is up 113% YTD, including the session's moves (Reporting by Anjali Singh in Bengaluru) ((anjali.singh2@thomsonreuters.com;))
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