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ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Comment by rghalifaxon Mar 01, 2021 12:38pm
198 Views
Post# 32686065

RE:RE:just read financials

RE:RE:just read financialsThey're not profitable yet,like any new,rapidly growing company they have to spend more than they currently make.That is completely normal.Valen's has 3 facilities now all of which are under utilized or not yet operational....But,when they are ,in the not too distant future,Valens will be very profitable and capable of expanding further into the far east,europe and the US....if they don't get absorbed by a zerg company first...bottom line is 1.75 is dirt cheap and the risk vs reward is enticing.It just requires more patience,very little downside at this price imho.GLTA
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