Ann: Macquarie Australia Conference Investor Presentation, page-81

I still think WAF is the best goldie, have a look around, PRU is having problems now, SLR down a lot, most gold stocks are not good and the ones that have gone up a lot are the bad goldies. WAF has not been a bad investment over the past few years even from Aug 2020, (1) it would have been great if WAF moved to $1.50 to $2 (2) Acceptable if the investment has stayed even and last (assuming average price of $1) (3) it could have gone down and that would really suck. Obviously 2 is what has happened so far and it would be rude for investors to be angry at that when #3 could have happened.

Even thou investor sediment is bad on gold stocks and probably gold too, investors are refusing to invest because cash and government bonds are returning a higher interest rate than in the past and therefore gold is a bad investment along with gold stocks, but why are the cash printers (CBs) buying record amounts of gold and investors are ignoring that. So Investors are bearish on gold and central banks bullish on gold but with the gold stocks CBs don't buy them, it's up to investors to bid up gold stocks to the current gold price and they are not doing it.

I was just looking at PRU, $3B Mcap, WAF $1B.......Hodl!