NEW YORK, January 1, 2026, 09:22 ET — Market closed
Predictive Discovery Ltd said Robex Resources shareholders voted 94.54% in favour of the companies’ proposed merger, clearing a key condition for the all-share deal, an exchange filing showed. “We are delighted with the strong support shown by Robex shareholders for the Transaction,” CEO and Managing Director Andrew Pardey said, adding the combined group expects production of more than 400,000 ounces of gold a year by 2029. Predictive said the transaction is expected to close in the first quarter of 2026, subject to Québec court approval and regulatory consents, including from the governments of Guinea and Mali. company-announcements.afr.com
The vote moves the deal closer to completion after months of shifting expectations around one of the ASX’s more active gold situations. Investors now shift focus from shareholder support to execution risk and the timing of remaining sign-offs.
Cross-border mining mergers often hinge on approvals and funding, and all-share structures can keep prices jumpy as investors model dilution and closing risk. That matters because the value of what Robex holders receive will move with Predictive’s share price into completion.
Under the terms, Robex shareholders will receive 7.862 Predictive shares for each Robex share, valuing the deal at about A$2.17 billion ($1.45 billion), Reuters reported.
Perseus Mining’s A$2.1 billion bid for Predictive lapsed earlier in December after Robex tabled a superior offer, Reuters reported.
An all-share deal means investors are paid in stock rather than cash, so the effective price of the merger moves day by day. Traders who want the deal exposure without taking full market risk often hedge by selling the acquirer’s shares, which can weigh on the stock while approvals are pending.
Deal risk still sits in the driver’s seat. Any change to the expected timetable, or new disclosure around funding and development sequencing, is likely to show up quickly in the price.
Before the next session, Predictive shares last closed down 3.9% at A$0.735 on Dec. 31. The stock has traded between about A$0.63 and A$0.77 in December, leaving near-term support around A$0.70 and resistance near A$0.77.
Investors will watch for updates on the remaining approvals and for signals the closing schedule is holding. Any slippage tends to matter more in stock-based deals because the consideration is tied to the buyer’s shares.
