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.

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ASA Gold and Precious Metals Ltd > 1.87 Im a seller then waiting for the pull back

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Comment by Benedictuson Dec 29, 2020 2:03am

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RE:RE:RE:RE:RE:RE:RE:RE:1.87 Im a seller then waiting for the pull back

Yes tax loss selling is probably a part of the weakness. As you say we will see by early January if these are taken off. My theory for ongoing shorts is the gross margins have taken a sizable hit in the last couple of quarters as the company pivoted. Margins may continue to take a bit of a hit during K2 transition this quarter and as company scales up. I see the risk reward setup as very compelling in the 1.50 to 1.70 price range. All imo

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle