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 > how did it dump so hard

<< Previous

Bullboard Posts

Next >>

Comment by 40Baggson Jul 16, 2019 7:05pm

87 Views

Post# 29927216

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:how did it dump so hard

Horrible timing for sure with Linton sacked and Trst fiasco. They did communicate the buyout in April... just why so much to sell an asset that is now being written off. Check the end of the last Q fins news release. https://www.newswire.ca/news-releases/valens-reports-record-2-2-million-in-revenue-in-the-first-quarter-of-fiscal-2019-800611465.html

TheBananaMan wrote: Hey mate, I've just been in touch with the company, and I will be talking soon to another person higher then the one I've talked to...

I've let them know our concerns, and also let them know they should do some anoucnment to explain what happened...

The person on the phone told me that the consultant was responsible for some pretty big deals VGW got... So I guess he deserves what he was paid for...

I'm upset the company didn't communicate this better to us !

But let's wait and see what happens !

I doubt this is anywhere near CannTrust !

GLTA and i'll keep you posted !

azamps wrote: The timing is so brutal. The media is going to push this to another level now. TRST crisis isn’t even over and now we might be involved with a company that did some shady stuff. I don’t believe we will survive this one short term. Tomorrow if selling continues we’re definitely breaking through $3.87 and then we’re looking down at $3.37.

im extremely bitter with this selloff due to this potentially shady transaction. Vgw still hasn’t confirmed what he was paid for.

If this proves to be a shady practice from vgw, I can’t imagine what is going to happen to the share price.

122M shares out, 3M go to this guy. So he was given 2.5% of the company. Seems VERY large to not justify what he exactly did.

This doesn’t seem right...