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 > 👍🏻Great deal to tie up lose ends for oil ramp up.

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Comment by OkanaganGuyon Mar 19, 2019 10:08pm

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Post# 29508904

RE:👍🏻Great deal to tie up lose ends for oil ramp up.

Bingo. Nailed it. GLTA

BlueWater wrote: Having the largest capacity and still needing to immediately expand is an amazing indication. Definitely nice to eliminate the more than $260,000 wasted annually on rent off the operating costs, while protecting the 4.6 million in existing lease improvements. Adjacent lot is a bonus and shows the immense expectations for oil type derivatives in the near term with the need for 18,000 more sq ft for white label processing (which should be highest margin of all). These cheapies complaining about minor dilution are thinking small time. One white label deal with a big boy could be worth 4-5 times the 30 mil in this bought deal. If they have to turn down one deal because of capacity shortage that only weakens them and strengthens their competitors. Side note if you wanna be the best you sure ain’t renting your facility. I see vision and execution imo.

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