PROJECT FINANCE

Predictive adds plenty of cash for Guinea gold hunt

Junior has had a good year exploring in West Africa and getting cash from market

Bankan drilling

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.

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