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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Comment by haunsoloon Aug 02, 2019 4:13pm

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RE:RE:This really baffles me...

So I agree with most of your projection.

I will say that one time I talked to Scott at IR and he mentioned that they would never use 100% of the line but more like 75% maximum in case one line goes down. So they can still fulfill expectations (i.e. power down the one not working and move it to the spare capacity).

He also said that they could potentially work more than 5 days a week to increase what capacity they do have but prefer not to.

Thats the only thing I'd add.

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