Predictive Discovery opens new ASX week after 20% rally
Predictive Discovery Limited starts trading on Monday in Australia, coming off a jump of over 20% last week. The move put the West African gold miner’s value near A$4.6 billion. Shares closed Friday at 94.5 Australian cents. Why it matters right now isn’t obvious. The last ASX release was a June 10 securities quotation application, so there’s no fresh operating development to point to for Friday’s high volume in PDI. Focus has turned to index flows and the bigger capital base after the merger.