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 > Looking for a long to answer here

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Post by catchascatchcanon Jul 15, 2019 11:03pm

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Post# 29923115

Looking for a long to answer here

They have capacity for 450,000KG but are at a run rate of 8,500KG in this past quarter and on pace for double that next quarter it would appear. Say 17,000KGx4, is 68,000KG which is amazing, but a far cry from 450. Do any longs know their contracted annual capacity to LPs? When do they anticipate hitting the 450,000KG capacity, or have they not said. Being that they want to expand to 1M KG it's apparent they see it ramping in short order. 450,000KG would be $450M and 1M would be 1 billion, which are massive numbers relative to today. Just looking for some honest expectation management from some seasnoned VGW investors. Many thanks and GLTA

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