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.
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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.
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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
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