Robex's Proposed Merger With Predictive to Combine Two Large, Low-Cost, Advanced Gold Projects in Guinea, Euroz Hartleys Says
MT Newswires Live
Feb 02
Robex Resources' (ASX:RXR) proposed merger with Predictive Discovery (ASX:PDI) is set to bring together the company's Kiniero project and Predictive's Bankan project in Guinea, according to a Jan. 30 report by Euroz Hartleys.
The deal is expected to be completed in the first quarter and create a well-funded, mid-tier West African gold producer, Euroz said.
The merged firm will also have "strong" near-term cash flows from the Kiniero project and "significant" growth potential from Bankan, Euroz added.
Euroz maintained the company's speculative buy rating and raised its price target to AU$7.60 from AU$6.59.
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