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 > Warrents

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Comment by RockMaschineon Feb 20, 2019 5:54pm

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Post# 29390818

RE:RE:Warrents

Acceleration clause at $3.81 will ultimately cap the warrants. I didn't like the liquidity so I sold 15k warrants over the course of a few days after a 75% gain. Those were my market orders from CIBC posted up each day early Feb. at the 0.75-0.80 ask well before everyone else.

I moved profit into actual shares because of how I think things will play out. Once the trigger is hit the price will likely fall. I plan to max my return up to that day and then sell. Wait for the announcement that all warrants were excercised then buy back in for the long term.

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