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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

Post by Gryphon1734on Nov 19, 2014 3:34pm
135 Views
Post# 23145167

Do I make 4 then?

Do I make 4 then?I have to say that I am impressed with how this company is handling things! I love the spinco, both on it's own and as to how it appears they can cross pollinate their business's so to speak. It should also help with their overhead costs here and overseas I would think. With the profits that should be generated with the new business ($5 - $9 million annually is expected I believe on only 30 Engineers) there will be cash available to this group to get after these very attractive shallow oil fields on their own. I think their plan is to still proceed with a funding partner (if they can find one with good terms) but if they can get in a position to not need a partner that's generally when you can get agreeable terms with a good partner :)
Anyways, considering what has been going on in the world lately, I think these guys are showing themselves to be pretty resilient!
It also seems that they have a pretty loyal shareholder base!

Gryphon
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