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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 KelownaClownon Jun 16, 2020 3:52pm
192 Views
Post# 31157215

RE:RE:Price

RE:RE:Price
thepharcyde wrote: Yep definitely frustrating. If you can take advantage of selling a bit at the highs and buying back in on the dip money can be made. I definently am keeping a core investment longterm as think they are setting themselves up nicely for the future. It's a stock that requires patience tho.

You said it for me too. I'm holding a core position which I used to just sit on, but for the past couple of months I've been paying more attention to day-trading about 10,000 shares of my position. This stock often moves 20 cents up and down, which is enough to make a trade worthwhile, at least for a small trader like me. Right now I'm stuck holding becuase I re-loaded at $2.77 and $2.73 - dumb! If I had waited for a couple of days I could have bought below $2.60. Long-term, I think this stock will be good, but I share the frustration. There are definitely some people out there who got in early, who even at these prices are making a killing if they sell. I hear the construction in Kelowna is now focussed on fitting out the interior space - most or all of the exterior work is complete. With all of the contracts Valens has been signing, I can see why they need the additional space. I'm not sure what to expect from the next quarterly, but once the new facilities in Bolton and Kelowna are complete and running on all 8 cylinders, I can see revenues tripling in short order. Barring some sort of disaster, every quarter should be better and better. This time next year... this time next year - come on, EU-GMP certification!
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