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 > Insiders

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Comment by Arbourmarkon Oct 27, 2020 9:47am

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Post# 31787511

RE:RE:RE:Insiders

Hi Kelown,

you are correct about blackout periods that prevent insiders from buying or selling during those periods.

I am not sure but options were granted prior to blackout period and they decided to exercise below the strike price which in itself is positive as they have had to shell out $1.73 when they could have bought shares at $1.49 on the open market but as you pointed out this is a blackout period for insiders.

I am sure they must have had authorization to do so and I think this shows market they believe the share price is below fair market value.

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