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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 Benedictuson Dec 19, 2020 1:25am
164 Views
Post# 32146361

RE:RE:RE:RE:RE:RE:RE:RE:Merry Christmas see you at $1.50

RE:RE:RE:RE:RE:RE:RE:RE:Merry Christmas see you at $1.50 Kelowna, nicely put. I certainly was not making an argument for a valens buyout merely that the valuation backdrop in the sector may change if m&a fever catches on. As I said recently about Planet 13, the valuation disparity here is extraordinarily compelling. As Valens increases revenue and improves their margins (the latter being key), investors and analysts will bid the stock up quickly. For Valens to trade in line with aphria and tilray the stock price would be about 7 and if ever the stock were to be treated at premium valuation look no further than planet 13 by comparison which would have Valens trade well over 10 based solely on 2021 projections. A buyout for this company at 3 or 4 or even 5 should be rejected emphatically by all imo. This team thinks big and so we investors should also be thinking big as well. All imo
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