ASA Gold and Precious Metals Ltd C.ASA

Primary Symbol: ASA

Metals & Mining Industrial Metals & Minerals

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 > My Thoughts on Q2 Numbers

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Comment by potstockscanadaon Jul 15, 2020 7:59pm

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Post# 31273505

RE:My Thoughts on Q2 Numbers

Not disagreeing with your points but it will be interesting to see if the market agrees tomorrow.

KTMFan387 wrote: From earlier this week:

ATB Capital --- As such, the analyst has rejigged his estimates for the upcoming second quarter financials, calling for total revenue of $16.2 million (previously $24.1 million) and adjusted EBITDA of $1.3 million (previously $7.9 million).

We just did revenue of $17.6 million, almost 10% higher than the "rejigged" numbers, and $2.7 million EBITDA, more than double the above "rejigged" estimate.

The adjusted revenue of $16.2 and $1.3 EBITDA caused the share price to drop quite a bit so this was already factured into current SP. Actual numbers were significantly better, and now that the COVID quarter is behind us we can do some serious numbers.