2358 GMT - Perseus Mining's strong balance sheet gives it the firepower to do deals, Macquarie says, but making a play to own Predictive Discovery looks costly. Perseus owns around 20% of Predictive Discovery, which is developing the Bankan gold project in Guinea. However, Predictive Discovery's market value has risen to A$862 million, with the stock jumping 30% to A$0.325 this month alone. That share-price rise weighs "on the risk-adjusted returns offered, particularly when considering the remaining acquisition cost, the capital outlay required to develop, and other costs that may arise from a change of control," Macquarie says, citing comments from Perseus's management. Macquarie has an outperform call on Perseus.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 24, 2025 18:58 ET (23:58 GMT)
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