Robex Could Struggle to Match Perseus's Predictive Discovery Bid -- Market Talk

Dow Jones12-04 07:50

2350 GMT - It will likely be difficult for Robex Resources to match Perseus's offer for Predictive Discovery that values the explorer at more than A$2.0 billion, reckons Citi. It notes that Robex would have to concede to 36% ownership of a merged entity, says analyst Jack Whelan. That looks hard to justify, given Robex and Predictive Discovery have similar market capitalizations. Predictive Discovery owns the Bankan gold project in Guinea, one of the largest undeveloped gold resources in Africa. "The 36% ownership of the MergeCo would have to be larger than their current market cap for the deal to make sense for Robex," Citi says. "Additionally, if Perseus do acquire Bankan, then we believe it would be in Perseus's interest to also acquire and consolidate with Robex's nearby Kiniero mine." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

December 03, 2025 18:50 ET (23:50 GMT)

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It notes that Robex would have to concede to 36% ownership of a merged entity, says analyst Jack Whelan. That looks hard to justify, given Robex and <a href=\"https://laohu8.com/S/PDI.AU\">Predictive Discovery</a> have similar market capitalizations. Predictive Discovery owns the Bankan gold project in Guinea, one of the largest undeveloped gold resources in Africa. \"The 36% ownership of the MergeCo would have to be larger than their current market cap for the deal to make sense for Robex,\" Citi says. \"Additionally, if Perseus do acquire Bankan, then we believe it would be in Perseus's interest to also acquire and consolidate with Robex's nearby Kiniero mine.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 03, 2025 18:50 ET (23:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PDI.AU","symbol_name":"PREDICTIVE DISCOVERY LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588078599","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588078599","pubTimestamp":1764805800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2350 GMT - It will likely be difficult for Robex Resources to match Perseus's offer for Predictive Discovery that values the explorer at more than A$2.0 billion, reckons Citi. 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It notes that Robex would have to concede to 36% ownership of a merged entity, says analyst Jack Whelan. That looks hard to justify, given Robex and Predictive Discovery have similar market capitalizations. 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