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 > Vlncf

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Comment by KelownaClownon Mar 31, 2021 10:47am

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Post# 32913673

RE:RE:RE:Vlncf

KelownaClown wrote:

Mychel wrote:
Same for me, especially since my average price is so low. In the 1.40s don't see how I could get back in at that price at this point.

You dont need to. If you sell 10,000 shares now at $2.70, and it drops to $2.50 - you can buy back 10,400.

You just increased your position by 400 shares.

Of course, the key-word is if.

If Valens keeps going up, and never drops below $2.70, that's when you tell yourself there's nothign wrong with taking the profit you madeon $2.70 - $1.40 = $1.30 per share.

Just dont sell your entire position. I trade maybe 10% of my position like that, and I've been able to increase my position by a LOT over the past year.

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