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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 ABOilon Apr 22, 2019 5:11pm
245 Views
Post# 29656430

RE:RE:Not many voices of reason

RE:RE:Not many voices of reasonThere is absolutely no way they are EBITDA positive right now, and people should not expect that. Sure, they may have a decent margin but there is a significant amount of G&A etc. VGW won't be EBITDA positive (my opinion) until the second half of 2019, and that is fine. The ETF buying in the US has been helpful and I would not be surprised to see more contract announcements, but the economic model in terms of free cash flow etc. is still a few months away. Messaging in the press relwase and in the conference call will be key.
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