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 > Not in favour of a RS

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Comment by Digby8on Apr 30, 2021 7:51am

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Post# 33099708

RE:RE:Not in favour of a RS

The bad experience with reverse splits is because these companies usually have a history of multiple financings, each followed by management squandering the money, resulting in continuous deterioration in the share price. The company ends up with a bloated share count and a share price in the pennies. The company then performs the reverse split in an attempt to avoid going to zero and being delisted or becoming a shell for an RTO. This is the history for a lot of small companies that don't make it. IMO, this does not in any way describe Valens, which is consolidating to move up to another exchange, not to survive.

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