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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

Post by YoungInvestor91on Jan 27, 2020 4:24pm
267 Views
Post# 30605329

Chances that Valens faces a similar issue to LABS?

Chances that Valens faces a similar issue to LABS?So LABS just sent out a PR about them suing HEXO for $9.8 million due to unpaid bills and a breach of contract.

HEXO is also partnered with VLNS, which is not a great sign.

So, what are the chances that HEXO defaults on payments owed to VLNS as well? Or that any other contracted partner with VLNS ends up in this situation due to the cash crunch?

I bought shares at $3.77 CAD last week to swing, and sold at a loss today as I feel the risk is too great with something like this happening to VLNS. They might also get dragged through the mud with the rest of the sector when Canopy reports in February. 

Thoughts?
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