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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 Righttothetopon Apr 29, 2021 11:53am
180 Views
Post# 33091264

RE:From Today's Globe abd Mail

RE:From Today's Globe abd MailWhat I will find most interesting over the next few months is finding out just who is in control of this SP.

The RS is not assured thing, and they left the ratio open for a reason.  If MGMT is in bed with the finance houses, then we can expect a SP depreciation which would necessitate a worse RS ratio for current holders.  If left to trade on it's own merits, there is no reason why this couldn't get to $5 plus benefiting existings.

Either way, I figure their magic number is $10CDN so let's hope it's only 2:1.  But this company is very highly regarded (and the SP action even after the RS announcement proves it) so this is a stud of a company which may well trade a multiples 12-24 months from now.

Who knows, after a few years, maybe a normal split is in the cards!  lol
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