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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.


NYSE:ASA - Post by User

Comment by Righttothetopon Oct 15, 2021 9:48am
153 Views
Post# 34009005

RE:RE:RE:RE:RE:RE:RE:Time the market, follow trend and trade this sector only.

RE:RE:RE:RE:RE:RE:RE:Time the market, follow trend and trade this sector only. I agree with you 100%...and argued as much on the LABS board, but much to my chagrine and dismay I admit defeat in that argument.

The time for hype based SP appreciation is apparently over in this sector, and the market overlords will only care about top and bottom line from here on in.  I personally believe VLNS and yes LABS have tons going for them....and given the amount of excellent activity over the past years, deserve better than they're getting....but that sentiment is clearly not universal....lol.

Either way, financials are all powerful now and unfortunately good feel activities won't do much of anything until it actually impacts the financials in a positive way.  Even US partnerships....won't matter a lick until it does......

I'm afraid that VLNS may well suffer the same slow kiss goodnight fate that LABS has, even if not to the same severity; but it might and since this past Q indicated no real path to recovery just yet, people are understandbly skittish.



SIMPLICITI1 wrote: Oh Please.....The balance sheet for companies like this are almost meaningless....they represent a snapshot at best should not be viewed without due consideration of long term strategy.


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