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

ASA Gold and Precious Metals Ltd > Cash

<< Previous

Bullboard Posts

Next >>

Comment by ABOilon Feb 13, 2019 1:11pm

97 Views

Post# 29359075

RE:Re: Cash

As for the sale of Supra to Rotogro, of the $11 MM of sales proceeds $2 MM is cash and the rest is shares. My cash estiimate (assuming this has closed) would go up by $2 MM to $29 MM and there would be an investment line on the balance sheet to reflect the share ownership. As an FYI, it looks like the holdings in RGI are currently worth $4.7 MM Australian ($0.25/share) as the shares have sold off from the $0.47/share at the time of announcement.

<< Previous

Bullboard Posts

Next >>

What is the gold outlook for the rest of 2024?