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 > VLNS has a long histry of restructuring

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Comment by KelownaClownon Mar 24, 2021 9:36am

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Post# 32865385

RE:VLNS has a long histry of restructuring

Punjabi, you're barking up the wrong tree here. This company was created out of an RTO, and what was going on before the RTO is meaningless.

PUNJABI wrote: I have no background information on the history of this company except that this company has restructured about 9 times. There were reverse splits twice 10 to one and 3 to one. Is there anyone who knows the history of this company and if it was the same CEO who was in charge when 10 to 1 and 3 to 1 reverse splits were done? Reverse splits usually destroy long-term share holders who have a high cost. Or this company took over a shell company. One should know the track record of the current management.

At this time the number of shares issued is small so there is no risk of reverse split and the share price is over $2.00 and the US listing would have a price above US $1.