Ann: Becoming a substantial holder, page-4

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Swiftballs

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15/05/25

13:13

Post #: 79056278
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Originally posted by nordesmic: ↑

I think the Blackrock fund accumulating is their 'Gold and General Fund' which had about 800M pounds under management as of early last year. That makes it one of the larger gold funds out there. They appear to be quite selective in their holdings because they only held six ASX companies last year (as opposed to something like GDXJ which probably has 15 at a guess).

https://www.blackrock.com/uk/litera...ld-and-general-fund-en-annual-report-2024.pdf

While Blackrock has 58M shares, the UK fund has only about 12M eyeballing the notice. I think they're likely to keep acquiring. I remember when they bought into PDI they kept adding for a long period as there were consistent notices.

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Just done a quick PE ratio based off Kiaka coming online and base on 400koz per year production and say we hold $3000 an ounce spot I came in around PE of 4.5... Waf making aroud 600mil a year.

Thoughts?

WAF Price at posting: $2.22 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.21		Change 0.000(0.00%)		Mkt cap ! $2.519B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	1917	$2.65

Sellers (Offers)

Price($)	Vol.	No.
$2.07	84	2

View Market Depth

No.	Vol.	Price($)
2	1917	2.650
2	156	2.300
1	6000	2.250
2	5008	2.240
1	5000	2.210

Price($)	Vol.	No.
2.070	38	1
2.130	1182	1
2.180	654	2
2.220	895	1
2.230	9000	1

Last trade - 09.41am 24/06/2025 (20 minute delay)

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Ann: Becoming a substantial holder, page-4

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