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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 bluewithageon Dec 17, 2021 1:10pm
143 Views
Post# 34241272

RE:RE:ANOTHER 150 million loan in the works.

RE:RE:ANOTHER 150 million loan in the works.The prospectus is also dated jan 2021. So, 1- this is old news rehashed to support some kind of point and 2- combined with the $40 million debt instrument that is basically without significant covenants, they are prepared to wade into the carnage that is the MJ space. I will reserve judgement until they make a move, but buy low and allow to grow is usually a good strategy.

With new stakeholders who have skin in the game due to reccent acquistions, and limited upside until MJ is legal in the States, I believe there will be pressure, not a guarantee, to consider the share price fallout of any acquisition. glta
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