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

ASA Gold and Precious Metals Ltd > Poor top and bottom-line with low and shirking margins.

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Comment by KelownaClownon Jul 15, 2021 11:34am

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Post# 33549467

RE:RE:RE:Poor top and bottom-line with low and shirking margins.

Your speaking in generalities. I'm interested in the specifics of this company, which as far as I'm concerned are different from the herd.

PUNJABI wrote: When a small/medium cap company with limited resources starts buying other money-losing sick companies it digs a bigger hole to get out of.

Check the history of small-size growth companies that used this approach in the past. This method was also aggressively used during the tech bubble. It did not work out for most companies.

It is the same movie being played in the Cannabis sector now. Looks at the leading companies in the sector and their write-offs so far. Leading large companies with big financial muscle can absorb losses but it is hard for smaller companies. Small companies can run out of time much faster.