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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 Benedictuson Jul 17, 2021 11:20pm
203 Views
Post# 33565979

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

RE:RE:RE:RE:RE:RE:Poor top and bottom-line with low and shirking margins. Punjabi, have you actually listened to the conference call? Your "thesis" does not appear to be incorporating any insights management has offered for this very challenging quarter. While I agree the margin profile is a major concern for now, the way management speaks to how they've built and continue to fine tune this platform, coming quarters should begin to drastically increase the K2 capacity utilization. Admittedly with GTA aka pommkes coming online very soon, they will again be on the front side of scaling up that facility so the margin profile rebuild is going to take some time. But the cc offered much needed clarity and insights behind the poor numbers. I've listened to numerous interviews and conference calls of many companies in this industry and unequivocally this team stands out to me as one of the most dynamic, adaptable and visionary. To compare Valens in its currently morphing iteration to the old tolling for revenue and high margins out of the old K1 facility is to really not get the bigger picture at all. 
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