Predictive adds plenty of cash for Guinea gold hunt

PREDICTIVE Discovery is set to add around another A$10 million to its treasury after existing shareholders and undisclosed new investors participated in a new funding round.
Predictive adds plenty of cash for Guinea gold hunt Predictive adds plenty of cash for Guinea gold hunt Predictive adds plenty of cash for Guinea gold hunt Predictive adds plenty of cash for Guinea gold hunt Predictive adds plenty of cash for Guinea gold hunt

Bankan drilling

The raising of $10.6 million was priced at 5.6c each.
 
Predictive raised $9.6 million in the June quarter at 5c each.
 
Its stock had a very strong run since a shallow gold discovery in Guinea during April, rising from levels below 1c in March.
 
The latest raising will see exploration of its Bankan project "accelerated", though a maiden resource isn't expected before mid-2021.
 
Predictive said it was "especially pleased with the strength of investment interest from North America" shown in the current raising.
 
Shares in Predictive were up 5% to 6.4c in midday trade, capitalising the company at $55 million.