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 > Adjusted ebitda

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Comment by lscfaon Oct 13, 2021 10:54pm

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Post# 34003797

RE:RE:Adjusted ebitda

Insurance

Insurance expense for the three months ended August 31, 2021 increased to $1,446 compared to $355 in the same period of fiscal 2020. The increase is a result of increased costs in D&O coverage due to the newly completed entry into the United States market and the NASDAQ application process. In addition, the development of the K2, Pommies, LYF, and Green Roads facilities requires additional coverage and higher limits plus additional product insurance.

lscfa wrote:

i guess the insurance expense associated with Nasdaq is not a one time thing....

lscfa wrote: It's suppose to back out one time costs so why the hell not for Nasdaq lisitng prep?

The reduction in adjusted EBITDA can be attributed to the Company's strategic transition (as discussed above) and insurance costs related to Valens application to list on the Nasdaq.