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 > From National institute for cannabis investors

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Comment by TheBananaManon Jul 25, 2019 12:15pm

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Post# 29959554

RE:RE:RE:RE:From National institute for cannabis investors

To clarify 2-2.5 million is the share based compensation for employees, normally no more consultant B.S.

TheBananaMan wrote: According to financials (I'm no specialist), but it should be around 2-2.5 millions I think...

But they should make 18-20 million nes Q, margins the same, so, 57-58%, let's take the lower end, that gives them a bit more then 10 million in profit, put 8 million in opperating expenses...

That will leave us about break eaven for Q3, not bad for a third Q in the history of the company in opperations... And like they said, Q4 will be the money Q, now until then, it's all trading and waiting games,

But the long term is very bright for VGW !

Peace !

TBM

jcuerrier1 wrote: So in Q3 should we expect more payments to this consultant or is he gone for good?
Also, how much are the VGW executives going to pay themselves in Q3? This is also a very large sum preventing positive net income. Too many hands in the cookie jar too soon IMO.
GLTA