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 > Random Thought...

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Comment by KelownaClownon Feb 08, 2021 12:11pm

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Post# 32501444

RE:RE:RE:RE:RE:RE:Random Thought...

Benedictus wrote: All very valid points KC and you may be on the money with your guess...but why do a placement for $32M of acquisition capital and then increase the shelf prospectus, which as we know brings in the shorts and caps the share price.

It could be setting up a poison pill strategy to fend off a takeover attempt by allowing all other shareholders to buy at a discount.

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