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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 Fundy13on Feb 21, 2019 7:46am
85 Views
Post# 29392372

RE:RE:RE:RE:RE:Warrents

RE:RE:RE:RE:RE:WarrentsKeep in mind that the stock has to trade over $3.81 for ten consecutive days and then they have to give 15 trading days notice as well, so you are looking at a full month.  If the stock trades over $3.81 for ten days chances are it will be hovering over $4 and if the stock is rolling upwards liek that $4.50 to $5.00 is not out of the question for the share price, so the warrents could end up going up to $2.00+. 
I am sure most of us on this board believe in this stock and are pretty confident we will se a $4.00 share price at some point before Oct 2020.
Buy shares at $3.08 then that will mean a 29.9% ROI
Assuming zero time value on the warrents at that share price then would be worth $1.46 when the stock is at $4.00
Buy Warrents at $0.80 then that will mean a 82.5% ROI
Warrents will generate 2.75 times more return then the stock if the share price goes to $4.00.
Like I said I hold more shares then warrants, but if you like this stock to hit $4.00 then holding the warrants would generate a pretty significantly better return between now and $4.00.
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