PDI 2.44% 20.0¢ predictive discovery limited

News: PDI Australia's Predictive Discovery raises $55 mln for Guinea gold mine, page-55

  1. 2,853 Posts.
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    PDI is a gold developer, they already found a large deposit and they are planning to develop it, $55 Million would not be given to an explorer. Developers hold up better too, I also own GBR who is an explorer, I bought PDI and GBR at similar prices, PDI is only about 33% off it's high while GBR is down 70% off it's high, PDI has the gold in Africa estimate asic $400 and will be a very profitable mine at current prices and does not have the same problems as Australia. All African asx listed gold stocks are doing well and are still my preference at the current time. Africa is the final gold frontier for investors to make big money until everything is depleted.
 
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