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 > Key line from PR

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Comment by Fundy13on Mar 20, 2019 10:02am

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Post# 29510391

RE:RE:Key line from PR

The warrents only convert to shares if share price is over $4 so that is not a bad thing.
If VGWs could walk into a bank and get a loan at 6-8% I am sure they would do that. Banks are not lending to these guys yet. Show me one PR from any POT company where they got a loan from a bank.
This is a normal reaction by the market to have the share price drop a bit after an announcement like this, but as soon as they announce they bought a building or land in another province to expand thier footprint they will be back near or over 52 week highs. VGW does not have that many shares outstanding, not debt a strong balance sheet and revenues coming in. Things are good.

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