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 > Maybe Tomorrow

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Comment by Amateur123on Jul 15, 2022 1:40pm

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RE:RE:Maybe Tomorrow

Best guess is that they hope to deliver at a higher rate in Q3&Q4 (based on burn rate and sales I believe that they have enough cash to barely make it through Q4) and then equity finance with a better share price to reduce dilution. Higher interest rates sure do make debt financing a lot less attractive.

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