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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 boarmanon May 09, 2019 3:21pm
155 Views
Post# 29730654

RE:WARRANTS

RE:WARRANTStoday the price is/was 3.81 the warrants are at 2.54

Each Warrant is exercisable into one Common Share at a price of $2.54 per Common Share. 

when you exercise, you have to pay 2.54 for each warrant that you exercise in order to convert it to a share.

if you paid more than 1.27$ ( 3.81 - 2.54 ) per warrant, you've lost money because you could have just purchased the shares outright for less than the price of the warrant plus the 'value' 

so, take the amount you paid, + 2.54. if the actual stock is priced higher than that, you can exercise and get the stock "cheaper" than buying it outright.

if the value of the warrant increases, another option for you is to just sell the warrant as if it was a normal stock.  







 





 
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