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 > There is the $1.75 ish

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Comment by Capharnaumon Apr 06, 2022 1:07pm

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Post# 34581128

RE:RE:RE:RE:There is the $1.75 ish

RamboOO7 wrote: I guess financing company looked at the books and must have known everything. Question is was there more money made shorting this stock. Why the big share drop right after financing. Shorting almost $1.25 a share. If this drops to $1 dollar would be $2 profit a share. I am clued out why ?

I think the problem is that Valens has seen huge cashburn in the last few quarters. The management has been saying "it's going to be better soon" for a while, but in the letter to shareholders, they target to be slightly EBITDA positive at the end of the year. While this is going to be better than now, they will still be cashflow negative at that point.

There's probably more dilution down the road.

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