Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 SaltyJimon Apr 29, 2019 11:12am
136 Views
Post# 29683392

RE:RE:Long Shares

RE:RE:Long SharesYou mention $20 possible.  That isn't a number many would put out there on a bullboard and expect to be taken serious.   I happen to agree with you though.   GMP has a $10 target and they are using < 50% capacity utilization in 2020.   

In 2 years time,  > 50% of the cannabis market will need to be extracted (that could be conservative).  There isn't remotely enough capacity yet.  VGW should have multiple more contracts announced as a result of this bottleneck, and while the margin and cashflow should be excellent, it really sets the stage for white labelling and in particular liquids.

Look at the revenue per acre of dry bud sales, vs vape, vs liquids.    Staggering.  

Next time a doomsdayer says that wholesale bud prices are going to $1 and no one will make money longterm in pot, you can safely look them in the eye and laugh as you drink your cannabis infused beer on the beach.
<< Previous
Bullboard Posts
Next >>