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 > This really baffles me...

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Post by TheBananaManon Aug 02, 2019 3:28pm

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Post# 29989968

This really baffles me...

So we are now trading at 3.60$, a fully dilluted share count of around 140 millions, so a current market cap of 504 million...

We will make about 16-20 million next Q maybe more, with expected margins to remain around 58%, so a profit of 9.3-11.6 million $$...

If we have no more bad deals like last Q, and spend about 8 millions on expenses, we could be profitable... With Q4 headed toward the 30 million $ in revenue maybe more !!

That's not even at full capacity, and they said that the 400+K KG are almost all taken by the contracts... Plus white label expected to exced that amounts by itself...

I mean are people blind or I'm just plain dumb...?

GLTA

TBM

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