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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 RockMaschineon Jan 23, 2019 4:09pm
130 Views
Post# 29272576

RE:RE:RE:RE:Warrants??

RE:RE:RE:RE:Warrants??Correct for the most part and that is based on when the acceleration clause is triggered and called. Not sure how these are structured but some tke the volume weighted average price for the 10 days. So you could have a major jump to above $4 for an extended period. The warrants then could be upwards of $1.50.

It was the reason I jumped at the warrants when they were $0.40. Wish I had known of VGW back at the end of December. Anyway you just need to time it right. The warrant acceleration will cause a pretty significant drop in price. It may drop down towards that excercise price and the opportunity is to sell the warrants a few days before an expected call to accelerate. Then wait for market forces to take it down and all warrants are excercised. Take your leveraged profits and buy the stock back for the long run up and maximize the return potential up to %500.

Now if only I could have swapped my stagnant TGIF.WT for VGW.WT I'd be laughing.
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