Azzet reports on three ASX stocks with price moving updates today.
Predictive Discovery jumps after disclosing a merger deal
Shares in Predictive Discovery (ASX: PDI) were trading 11.3% higher at noon after the large capitalisation gold miner agreed to a $2.3 billion merger with Canada’s dual-listed Robex Resources (ASX: RXR: TSX-V: RBX), which was up around 1%.
It is understood that the proposed merger - focussed on creating the leading gold producer in Guinea, West Africa – will see Robex shareholders receive 8.667 PDI shares per Robex security, while Predictive would own 51% of the new company, to be called MergeCo and led by Andrew Pardey as Non-executive Chairman and Matthew Wilcox as CEO.
The transaction is expected to close in December 2025 or early 2026.
Expected to produce more than 400,000 troy ounces by 2029, MergeCo could potentially be included in the ASX 200 and may also be part of the VanEck Junior Gold Miners ETF (GDXJ).
While Predictive’s key asset is the Bankan Project in Guinea with estimated average production of approximately 250koz per annum over 12 years, Robex is currently constructing the Kiniero Project in Guinea, is on schedule to achieve first gold production in December 2025 and is expected to produce an average of 139koz per annum over 9 years.
Robex also operates the Nampala gold mine (“Nampala Project”) in Mali, which is forecast to produce 46-47koz in 2025.
Commenting on today’s merger announcement, Predictive CEO Andrew Pardey told the market that by combining two of West Africa’s largest and most advanced gold development projects it is creating a company that positions Guinea to become one of Africa’s top five gold producers.
“The new, diversified company will not only further de-risk our flagship Bankan Project, but also deliver enduring value for shareholders, the communities where we operate and Guinea as a whole,” Pardey said.
Meanwhile, significant cash flows expected to be generated from Robex’s Kiniero Project in Guinea and the ongoing exercise of in-the-money warrants and options, are expected to support the development of Predictive’s flagship Bankan Project in Guinea.
As of 30 June 2025 Predictive had $69.1 million in cash, no debt and is fully funded through to a final investment decision for the Project targeted in Q2 2026.
Predictive Discovery has a market capitalisation of $1.2 billion; the share price is up 86% over one year and 11% over the last week.
While the stock’s 200-day moving average is trending upwards and highlights long-term investor interest in the stock, the 20-day moving average is falling as upwards momentum wanes.
Consensus is Strong Buy.
Robex Resources has a market capitalisation of $236 million; the share price is up 33% over one year and 4% over one week.
Electro Optic Systems Holdings jumps on new defence contract
Shares in Electro Optic Systems Holdings (ASX: EOS) were up around 1.5% at noon after the defence and space company large cap announced a $108 million contract with Hanwha Defence Australia - the prime contractor to the ADF on LAND 400-3 - for the delivery of Remote Weapon System (“RWS”).
Including RWS, spare parts, training, documentation and other items, the contract is expected to be primarily fulfilled by Electro during 2025, 2026 and 2027.
Under this contract, Electro will deliver an enhanced R400 RWS which has been designed, configured and tested to suit specific ADF requirements and will be fully integrated with Hanwha’s Redback Infantry Fighting Vehicle (“IFV”).
The product will be manufactured in Canberra and will draw upon EOS’ extensive Australian supply chain of over 100 manufacturers.
This year the share price has jumped 584% on the back of contract wins and its sales pipeline, which has attracted the market’s attention despite a mixed half year result.
The company reported a 61% year-on-year (YOY) revenue decline to $44.1 million within the company's guided revenue range of $40-45 million.
However, the decline, driven by a 62% YoY fall in defence was offset partially by a 29% YoY rise in Space revenues.
The gross margin came in at 75% (BPe 61%), reflecting inclusion of accumulated benefits from Middle East contract finalisation, resulting in temporarily inflated margins.
Meanwhile, underlying earnings were -$13.3 million (BPe -$18.6m), a fall on 1H24 of -$1.0 million, while net profit fell to -$44.8 million from 1H24 -$10.8 million - lower than estimates due to higher-than-expected D&A and a $5.8 million FX loss.
However, with a contract backlog of $307 million as at 22 August 2025, Bell Potter reminded the market that the full year results could look very different.
As a result, the broker continues to see value in the stock and has retained its buy rating with an improved price target of $5.70.
However, since the broker’s update 25 August the stock’s share price has jumped from $5.11 to $8.86 today.
The company is actively working on securing new orders, including significant opportunities such as the Land 400-3 project in Australia, a remote weapon system worth approximately $100 million, and other contracts in Europe and North America valued at $20 million and $50 million, respectively.
Delays in some advanced opportunities have shifted expected contract signings to Q4 2025 or 2026, potentially affecting revenue timing.
The company estimates FY25 revenue from existing contracts to be $115-125 million, with the potential to add up to $25 million from new orders.
Electro operates in two primary divisions: Defence Systems and Space Systems, specialising in remote weapon systems, high-energy laser weapons, and space control technologies.
Electro Optic Systems Holdings has a market cap of $1.7 billion; the share price is up 473% in one year and up 18% in the last month.
The stock appears to be in a strong bullish trend confirmed by multiple indicators.
Consensus is Strong Buy.
Brisbane Broncos Ltd soar on back of grand final double-header wins
Shares in Brisbane Broncos Ltd (ASX: BBL) were up over 50% to $2.010 after the market responded favourably to news that the NRL’s only publicly listed team had broken a 19-year premiership drought with a stunning victory over Melbourne Storm in yesterday’s nail biting grand final.
Adding to yesterday's exciting around the club, the women’s team also snatched victory from the Roosters in the dying minutes of the NRLW grand final.
While the stock’s share price has been treading water for most of the year, it started bouncing higher as the men’s and women’s teams evolved as grand final contenders.
At the half year the group posted net profit before tax of around $8.69 million compared to $6.30 million in 2024, with earnings of $8.72 million compared to $6.32 million in 2024.
In the first half of 2025, crowds at the eight home games played at Suncorp Stadium averaged 40,968 compared to 41,175 at 30 June 2024.
In the period to 30 June 2025, the club received an initial payment of $1.75 million from the NRL relating to club funding agreements, plus additional funding for competition expansion.
Based on current forecasts and all things remaining constant, management told the market that the full-year financial result will increase compared to the prior period.
“However, given the developing nature of a number of items, the 2025 season NRL position relative to the corresponding 2024 position and taking into account the differing number of home games in the first half (eight) and second half (four), it is difficult to accurately predict the full-year result,” the group noted.
Highlights within recent updates include:
Sponsorship revenue increased 5.6%, reflecting new and extended partnerships.
Total 2024 membership number of 61,280 (29.4% growth from 2023).
Average 2024 home crowd of 39,873 (18.0% growth from 2023).
Merchandise revenue increased 17.9% due to investment in marketing automation and improved supply chain conditions.
Brisbane Broncos Ltd has a market cap of $186 million; the share price is up 100% year to date and up 65% in the last week.
While the Brisbane Broncos is almost 69% owned by News Corp (ASX: ), the owner of Sky News Australia, the top 20 shareholders own 95.2% of shares on issues, which means share price movement is subject to relatively shallow trading.
The stock appears to be in a strong bullish trend confirmed by multiple indicators.
Consensus does not over this stock.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.