TOL - 12th Jun, 2025
2 ideas in 200 words #6
The best gold stock in our portfolio plus a new addition in the travel space
1. The best gold stock in our portfolio (which we are topping up today)...
West African Resources Ltd (ASX: WAF)
WAF is in the process of bringing online the large-scale Kiaka mine in Burkina Faso, with first gold expected in the coming months (if not sooner). Kiaka is the largest new ASX-listed gold mine approaching production. And one of only 3 new ASX-listed gold mines commencing in the entire 2025 calendar year (the other 2 being the recently listed RXR and MEK’s smaller Murchison gold project).
Investors hungry for production growth are simply without choice. As Kiaka ramps up to full production, WAF is on track to push through 500kozpa.
2. We have started buying...
Corporate Travel Limited (ASX: CTD)
CTD is a past market darling that has been caught up in the global travel malaise. But CTD is a high-quality business that continues to win market share from its competitors. Financial YTD Total Transaction Value (TTV) wins of $1.6 billion far exceed even their bullish internal targets of $1 billion. CTD is founder-led, with the MD Jamie Pherous maintaining a double-digit holding.
At a recent company presentation, one fact poked us in the eye, which is at the core of CTD’s success: client retention is running at an astonishing 97%. Channel checks also confirm that CTD’s clients rate their service highly…and at the heart of every successful business, is a happy customer.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Katana Asset Management was founded in September 2003 as a boutique investment management firm. Katana employs an all opportunity investment mandate being style, sector and market cap agnostic.
........
The information contained in this article is provided to each recipient on the following basis:
this article has been produced by Katana Asset Management (KAM). This article does not purport to contain any information that the recipient may require to evaluate KAM’s performance
KAM is the holder of Australian Financial Services License No: 288412.
none of KAM, Katana Capital Ltd, their respective directors, officers, employees advisers or representatives (collectively the representatives of the company/license) make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information contained in this article and nothing contained in this article is, or shall be relied upon as a promise of representation, whether as to the past or the future.
except insofar as liability under any law cannot be excluded, the Beneficiaries shall have no liability arising in respect of the information contained in or not contained in this article.
statements in this article are made as of the date of this article unless otherwise stated.
this is a general article only and it is not a recommendation and there is no consideration of the personal circumstances of any person;under no circumstances should this be taken as financial advice.
.jpg)
1 topic
3 stocks mentioned
.jpg)
Katana Asset Management was founded in September 2003 as a boutique investment management firm. Katana employs an all opportunity investment mandate being style, sector and market cap agnostic.
Expertise
Katana Asset Management was founded in September 2003 as a boutique investment management firm. Katana employs an all opportunity investment mandate being style, sector and market cap agnostic.
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The critical mineral no one's watching (and our #1 ASX small cap pick)
Seneca Financial Solutions
Equities
Buy Hold Sell: The best and worst performers of FY25
Livewire Markets
Equities
Buy Hold Sell: 5 ASX disruptors taking on the giants
Livewire Markets