Proactive Investors - Run By Investors For Investors

Predictive Discovery has new major shareholder in Capital Drilling

Capital Drilling is listed on the London Stock Exchange and employs 1,000 people in Africa.
shareholder concept
PDI is exploring for gold in West Africa

Predictive Discovery Ltd (ASX:PDI) has a new substantial shareholder in Capital Drilling Ltd (LON:CAPD) which has a 14.72% interest in the company.

The shareholding is a result of the recent $0.53 million share placement which was cornerstoned by Capital Drilling.

Capital Drilling has a focus on drilling in Africa with a fleet of 91 rigs, offering a range of drilling services as well as ancillary services including minerals laboratory testing.

It has extensive operations across the African continent including Egypt, Botswana, Tanzania, Mali, Mauritania, Cote d’Ivoire, and Burkina Faso, employing 1,000 people in Africa.

Capital Drilling is an investor and partner with a number of early-stage exploration companies and provides ongoing support to assist the management teams in their exploration activities.

READ: Predictive Discovery raises up to $531,000 in placement for Guinea exploration

View full PDI profile View Profile

Predictive Discovery Ltd Timeline

Related Articles

Brine pools
May 09 2019
The group has four divisions: mineral extraction, wastewater purification, energy storage and conventional mining
Workers inspect core at Gubong
March 04 2019
The company gained another substantial holder last week to end the trading week up 6.25% on the Australian market.
March 29 2019
The cash flow provides ballast against dilution, allowing the company carefully to consider each new opportunity on its merits

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use