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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 JW1985on Sep 27, 2019 11:49pm
101 Views
Post# 30173184

RE:RE:RE:RE:RE:RE:No doubt it will recover soon- See the highlighter news

RE:RE:RE:RE:RE:RE:No doubt it will recover soon- See the highlighter newsThank you for your concern Henny Penny. Given your sentiment I am assuming you now are no longer actively invested? I’m not sure what your point about JUUL is getting at, the product that will be consumed via vapes is not yet legal in Canada. That will change shortly and will become available in December. It’s not the hardware that’s the issue, it’s tainted homemade non tested juice that’s the issue. Do I think people’s consumption habits will change? No I don’t. Cigarettes and Alcohol are proven to kill you and people consume. What I do believe is they will be regulated. I believe this company is positively positioned for that environment. Also if you listen to the most recent presentation you will know our revenue guidance and what is driving that number and why I can still count on it in this new environment. *hint* it’s available on the website. I can only show you the door man, you have to walk through it. It isn’t my job to defenitively justify your investment choices. I understand the negative sentiment at this point and based on my investment criteria it’s a non issue. This too shall pass. Big tobacco is already invested in the sector man, that won’t change either. They may not invest more but it’s not a requirement for this company to drive succsss in their business model. You are right though, I probably won’t find that information in the media, which is fine, I’m not trying to drive advertising revenue. I’m trying to drive revenue via extraction, testing, formulation and manufacturing of Cannabis products for recreational and medical use as well as wellness markets via cbd. That information I’m gonna get from the people in the industry and other publicly available  better sources. Ciao Henny 
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