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 > Reason for Delays re. EU GMP Certification

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Comment by TheBananaManon Aug 07, 2019 2:26pm

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Post# 30003176

RE:RE:RE:RE:Reason for Delays re. EU GMP Certification

I’ve also had a conversation with IR and things will be fine with VGW.

For the write down, looking back at it I’m happy they did it last Q and not this upcoming Q. Because we would not have been profitable last Q anyways, loss of 1.6 million other than the writedowns if I’m correct... and that would have prevented this Q3 of being profitable probably...

Now we should ser a good Q and probably profitable company!

GLTA, patience is key !

Dou you DD !!

KelownaClown wrote: It's not just your humble opinion, it's mine as well.

I can't say this for sure, but I dont think there's a single publicly-traded Canadian pot company that's actually proitable yet. IMO, Valens is on track to be the first and that could be in the current quarter.

They would have been pretty close in the past quarter if they didnt have to eat the one-time 5MM expense related to StraightFire or whatever it's called.

First pot company to make a profit? That will be a nice headline.

Moet wrote: My inquiry with IR noted that due to the expansion of facilities, these too and as well all need to be reviewed and approved - which therefore lead to the delay in the EU GMP certification - however entire facility would then otherwise we expect to have certification. All just due process but I was satisfied. Bring in the 1M kg annually with EU GMP and were in a league of our own. JMHO