I found this (article extract thanks to the good people at The Australian March 21, 2024) an interesting retrospective read. Perseus in clearly convinced that the exploit. permit will be granted, risk is off in my opinion. I think PDI's sp is about to pop. Good luck to all holders.

Predictive Discovery next in firing line for Perseus

After Perseus has dealt with OreCorp and Newmont’s Akyem project in Ghana, some think Predictive Discovery will be next in the firing line for the African gold miner.

Predictive Discovery is listed on the Australian Securities Exchange with a market value close to $500m, and many believe Perseus would have a strong attraction to the company for several reasons.

Predictive Discovery owns gold deposits in the Siguiri Basin in Guinea. Some consider them the best undeveloped greenfield deposits in West Africa.

There’s still plenty of wood to chop for Perseus before it gets to buying the listed group, however, with other mergers and acquisition opportunities under way. But it is in the sweet spot of the $2.7bn gold miner.

Perseus needs to embark on acquisitions, because after 2030 its production pipeline falls sharply. Its Sissingue mine in Cote d’Ivoire drops off after 2030, and its Edikan mine production in Ghana falls off not long after that time. ...........

.......... Any deal would almost certainly happen no earlier than the second half of the year.

Sources say Perseus chief executive Jeff Quartermaine has recently conveyed his view that the business is currently expensive for what it is and he believes that in reality, it is a 3 million ounce reserve rather than 5.4 million as forecast.

But the experienced mining boss has a reputation around the market of playing down any interest he may have in his targets as well as being disciplined on price, and sources believe that despite the comments, it is on the company’s radar.

Another reason why a deal may not happen for several months is that Predictive Discovery still needs a mining permit, and Perseus would probably wait for a permit to be granted, with the risk being that it is in the buffer zone of a national park.

Predictive Discovery will submit its scoping study for the project in April, and it will probably take about six months.