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

ASA Gold and Precious Metals Ltd > what was approved at the shareholders meeting ? 10:1 Split?

<< Previous

Bullboard Posts

Next >>

Comment by rghalifaxon Nov 16, 2021 2:15pm

133 Views

Post# 34132983

RE:what was approved at the shareholders meeting ? 10:1 Split?

They have to reverse split to meet the share price requirements of the Nasdeq...3 to 1 reverse is as much as they want to go which doesn't give them much wigle room at this price....but we'll see where the price is at when they actually consolidate.Nasdeq wants 5+ share price to list...something like that.Unlike,for example,Aurora....it isn't being used as a way to shrink the float so they can issue more shares,although sooner or later that's gonna happen if they make more acquisitions...the performance of the company will determine the longterm price of shares....shorters have got nothing to do with that.I'm long,anything under 2 is a sale when I have extra cash.GLTA

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023