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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

Post by a1broker1on Jul 15, 2020 6:47pm
269 Views
Post# 31273261

Excellent results, setting up for excellent H2, takeover

Excellent results, setting up for excellent H2, takeoverDo not be fooled by the naysayers.  This was an excellent quarter in view of the Pandemic challenges.  Valens has one of the strongest balance sheets in the industry and is poised for significant growth over the next few years.  My biggest concern is the company gets taken out by a lame offer in the $4 - $5 range before the true potential is realized.  So many partnerships, so many irons in the fire, unique set of skill sets, Thermo Fisher seal of approval, etc.  This company, having a rather small market cap and enterprise value is unfortunately a sitting duck to be taken over too cheaply.  Smart shareholders, and hopefully the board, would refuse anything but a fair offer.  This quarter's results in tough times more than demonstrate the company's ability to excel as the economy gradually reopens.  Hold your shares tight and ignore BS comments from uninformed critics who don't know how to read and analyze a balance sheet, etc.  In this environment, this was an excellent quarter!  

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