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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

Comment by TheBananaManon Jul 31, 2019 11:39am
100 Views
Post# 29979674

RE:RE:What's going on..?

RE:RE:What's going on..?Nice opinion ! I'm long with a big core position that I can leave for 2-3 years. But I do have a short term position (Holding it for 4 months now....) I was waiting on Q2 to exit, and since the 4.65ish price lasted like 5 minutes, well I was not able to sell it, and now still holding... I must get out of this position maximum end of September (Yes I gambled, maybe went a bit too big, put made a tone already so can't complain too much)...

As for long term, I'm with you ! People want to make the money fast, but VGW will take a bit of time, but yeah this stock for me could be north of 10$ easily one day (If they don't dillute us again)

GLTA

JW1985 wrote: If it were me I wouldn’t be in a rush to release news into a bad sentiment environment, I’d rather wait until the fall furvor kicks in. We know they are working on contracts because they told us so in the quarterly call. Will be at max utilization by year end and will have more white label contracts than tolling agreements in the near term and the expectation is to have at least one international agreement by year end. I think the recent SP history is driven by market sentiment and weak/trader positions. I am relatively new here and underwater on my investment which sucks but I have myself a 12 month timeline and would not sweat the short term movements. This company won’t be fully valued until this time next year. Edibles aren’t for sale until December and it will take a quarter or two for them to hit the bottom line. The MJ industry is plagued with people looking for quick money or swing trade and tha just isn’t me. If that’s your game, good luck. We are headed up long term, just gotta make sure your on the train. All my humble opinion. 


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