Ann: WAF to Acquire 6.8Moz Kiaka Gold Project and Equity Raising, page-18

Fantastic synergies and really exciting time moving forward.

a great time to be raising capital with ATH SP as well as positive moves for Gold.

i like the part where this is all based upon 1700 POG.

The reality is that the POG will be going north over the next decade due to massive inflation due to loose Govt fiscal and monetary policies.

Commodity miners, in this case Gold which have been fairly neglected but will soon be back in favour as people start to realise the inflation risk...miners are generally leveraged to the raw material so expect the likes of WAF to get a significant rerate.

a lot of talk on sovereign risk....all of which is considered but don't see a massive threat. The fact is the biggest global players are in Africa and when it comes to massive inflation, Tier 1 jurisdictions are going to suffer hardest due to cost increase that outweigh those of the likes of BK/Africa in general.

this may hamper supply which will work further into WAFs favour.

i see a lot of positives in this acquisition...very happy holder.