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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 TheBananaManon Jan 25, 2019 3:14pm
336 Views
Post# 29282798

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

RE:RE:RE:RE:RE:Buy before or after financials ?That's what Scott told me from IR, just give him a call if you would like to be 100% sure ! 

But yeah agreed with you good news ! 

He told me this because I asked him if they where planing on making more dillution and he told me, we are cash flow positive budy, and we have 40 millions in the bank...!

GregsInvesting wrote: 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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