Predictive Discovery Stock Just Beat a Gold Selloff. The Bankan Test Comes Next
Predictive Discovery Ltd. shares ended Tuesday higher, bucking a weaker Australian market and a poor session for gold and mining names. PDI closed at A$0.780, up A$0.005, or 0.645%, on volume of 37.96 million shares against average volume of 21.62 million, ASX data showed. That matters now because investors are testing whether PDI should trade as a larger West African gold producer after its Robex merger, not just as a Bankan development story. The ASX was still in pre-opening at the time of the dateline, a phase when orders can be entered but not matched; normal trading starts at 09:59:45 Sydney time and runs to 16:00. S&P/ASX 200 futures were up 0.2% at 7 a.m. Sydney, pointing to a steadier