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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 that seek to replicate the price movement of gold, silver or platinum bullion. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Post by jessejames14on Nov 17, 2021 7:43am
235 Views
Post# 34135108

The entire point of going to NSDQ.

The entire point of going to NSDQ.Is because of boards just like this.   

We have pumpers and dumpers on this board (myself included), I'm a pumper (I love this company).

The NSDQ opens up the stock to a whole new world of investors, institutions in particular, and a whole new world of > 300 mil people.

Shorters, dumpers and pumpers come and go.     But a real investor will rerate the value of VLNS vs its peer group and we can get a 2 to 3x EV value gap up, just by that measure alone.

Then its up to what is in their management control (market penetration, production and branding) and what isn't (US regulation).   

And the other thing that can always happen to a shorter is the "reverse idiocy effect", meme stock attributes do exist here.   Love to see a shorter at 2bucks (pre consolidation) at a 10x or even 20x run.   That would hurt, and would be really fun to see.

My worst case is I own a company at $2 bucks, has cash on balance sheet,  and it makes money and grows methodically with the market.


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