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

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Post by wellheeledon Jan 25, 2021 10:35am

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Post# 32374754

Simple Problem Here - Management's Credibility

In all likelihood the auditors performing their year-end preliminary review questioned the fair market value of the inventory. Rather than come clean in the press release, the young management decided to spin the news. Writing-off and selling the old inventory was presented as a positive for the future. The bank didn't view it that way and cut their line (the accordian) and increased their rates. When management decides to spin the market it's time to replace them.

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Osisko Development receives permits for Cariboo Gold Project