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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

Post by SaltyJimon May 02, 2019 10:26pm
181 Views
Post# 29704534

Jedd Clampett

Jedd Clampett#1.  The day trader.   Why not?, volatile stock.....own some long-term and trade some.

#2.  The lemming.   Bought the stock on a tip from his kids school bus driver.   You are the ones that investor's #1 and #3 make money off.

#3.  The investor.  You've done the research...and did the simple math of 240,000 KGs at full capacity in 2020 with > 50% GP margin.   Then added in some material speculation of adding KG capacity, white label contracts, TSX or US listing, EU certification, largerst 3rd party producer of vape, US legalization and Sorse technology to "own" the Canadian rights to the best and most proven technology to infuse beer, apple juice, etc. etc.     GMP has the highest target at $10 and its based on KG utilization below current max capacity....all other things on the speculation list above, will only put upward pressure, when announced, on a share price that is 70-75%? owned by strategic long-term investors and insiders.   The investor buys shares in this company and then goes about their business living life.   Very capable team at VGW, let them do their job and quit obsessing about the dime moves up and down.   These are early days in the worldwide cannabis paradigm shift.

Not since Green acres and Jed Clampett, has oil been so exciting.
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