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.

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ASA Gold and Precious Metals Ltd

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Post by screamingbullon Feb 23, 2018 3:10pm

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Post# 27611386

Insider selling

Let's see, their rto was done at 50-cents, the stock trades to 1.65 early last year, settles down and bases at 1.00 late in the year, and then takes off to 3.55 on heavy volume at year end, with a 1.00 private placement just closed and a larger $12.5M 1.40 private placement then open. You'd think insiders and early buyers would get liquid and jump back into the funding, right? Not so much. Insider sales are small and irrelevant here imo, and in any case new shareholders should welcome the opportunity and liquidity that offers as a new trading base is set. A bit of news here will likely surprise to the upside.

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