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 > Executive gravy train & disaster in making for shareholders

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Comment by PUNJABIon Oct 15, 2021 9:20am

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Post# 34008759

RE:RE:Executive gravy train & disaster in making for shareholders

Current sal bill   $5.3m
Wage Sub add   $3.00
CS                            .9m

Total                        $9.2m Against projected gross profit margin of $6.4m.

$16.6m would be the potential loss if you added CS sal and took out the wage subsidy. Then you add loss of CS of 1.2m

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