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    Ben Wood

    Research Analyst at Wilsons Advisory

    Ben Wood is an Equity Analyst at Wilsons Advisory, specializing in Australian equities with a focus on sectors such as healthcare, technology, and consumer goods. He covers a diverse portfolio of companies, including CSL Limited, Cochlear, and REA Group, and has established a reputation for delivering actionable investment research with strong success rates on industry platforms. Ben began his financial services career in the early 2010s, previously holding analytical roles at other leading Australian brokerage and advisory firms before joining Wilsons Advisory in 2018. He is a registered investment adviser, holding RG146 accreditation and various securities licenses recognized in the Australian financial industry.

    Ben Wood's questions to MAC Copper (MTAL) leadership

    Ben Wood's questions to MAC Copper (MTAL) leadership • Q1 2025

    Question

    Ben Wood from Wilsons Advisory asked for clarification on the 2026 production guidance, questioning if a reference to 'copper equivalent' signaled a greater emphasis on zinc. He also sought confirmation on the remaining budget for the ventilation project.

    Answer

    CEO Michael James McMullen clarified that while the guidance now incorporates zinc due to the Polymetals agreement, the outlook has not become more conservative and, in fact, has upside risk from the Merrin mine. He confirmed the ventilation project's budget of approximately AUD 42 million is still on track, noting that the cost per meter of development has been decreasing as activity ramps up.

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    Ben Wood's questions to UNITED NATURAL FOODS (UNFI) leadership

    Ben Wood's questions to UNITED NATURAL FOODS (UNFI) leadership • Q1 2025

    Question

    Ben Wood from BMO Capital Markets asked for an update on the services business's EBITDA contribution, whether natural/organic success is attracting conventional customers, and the status of the simplified supplier fee structure rollout.

    Answer

    CEO Sandy Douglas confirmed services and brands continue to outgrow the company and are a meaningful part of profitability. He noted that while the trend to healthier products is broad, UNFI's main focus is improving the overall supplier experience through its new programs, which are well into their rollout and are a key strategic priority.

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