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

ASA Gold and Precious Metals Ltd > nice dilution news after the bell

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Comment by SaltyJimon May 03, 2019 8:21am

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Post# 29705304

RE:nice dilution news after the bell

That "dilution" is already recognized in trading as a warrant. If excercised, it'll add 12m to cash of 60m.

Do you think they sit around a board room table with a whiteboard and worry about manipulating or bowing to the market? No, they don't. They have no debt, are growing their cash (will be north of 70mil with this) and are on cusp of reporting profitable quarters.

"Accordingly, if all of the outstanding Warrants are exercised, gross proceeds to the Company will total $12,918,788".

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The investment impact of the U.S. 25% tariff on Canadian imports