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 > Buy before or after financials ?

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Comment by GregsInvestingon Jan 25, 2019 2:40pm

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Post# 29282546

RE:RE:RE:RE:Buy before or after financials ?

Awesome news all around! Congratulations on getting in!

That $40M in the bank is interesting, too, if true. They took in ~$38 million in October via the bought deal and the sale of Supra THC. Not too sure what the cash on hand was leading into this, but if they have been operating for 3-4 months, spending on capital expansion projects, and have more cash than the October influxes, it is another good indication of profitability.

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