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 > Cross Trades

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Comment by KelownaClownon Oct 27, 2020 1:00pm

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Post# 31789006

RE:Cross Trades

Themanfromcomo wrote: Massive cross trades. Last one was for 630,000 shares. Does anybody have a clue of what's going on?

There's no way of knowing unless you have a good inside contact at one of the brokerages involved, but it can be completely normal activity if one broker has an existing client interested in picking up (or selling) a substantial bunch of shares, and the other broker has a client interested in doing the opposite. They agree on the price and execute the trade, the TSX still collects their fee.

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