ASA Gold and Precious Metals: A Golden Opportunity Lost Its Luster [Seeking Alpha]
ASA Gold and Precious Metals Limited (ASA)
US:NYSE Investor Relations:
asaltd.com
Company Research
Source: Seeking Alpha
The Saba catalyst is no longer a consistent tailwind. Although CEF Activism can unlock value, such is unlikely here. ASA Gold and Precious Metals ( NYSE: ASA ) has long provided relatively liquid (and discounted) exposure to gold miners. And many large holdings within ASA are difficult or impossible for domestic investors to access individually with any scale. ASA's closed end fund structure allows for large holdings like Emerald Resources Ltd, G Mining Ventures Corp, Endeavor Mining PLC, Predictive Discovery Ltd, Calibre Mining Corp and SSR Mining Inc. ASA has been subject to activist pressure from Saba Capital Management. While I am a shareholder and I have not voted yet, the more important point is that I do not expect anything to be accomplished for the benefit of normal ASA shareholders, no matter who wins. I have reduced my position and this article explains why. Activism has frequently been the catalyst to unlock shareholder value of funds trading at persistent double-
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ASA
News
- ASA Gold and Precious Metals Limited Announces Adoption of Discount Management ProgramBusiness Wire
- ISS Supports Saba Capital's Case for Change at ASA Gold and Precious Metals Limited [Yahoo! Finance]Yahoo! Finance
- ISS Supports Saba Capital’s Case for Change at ASA Gold and Precious Metals LimitedBusiness Wire
- CEF Insights: ASA Gold Mining Opportunity Needs Shareholder Support [Seeking Alpha]Seeking Alpha
- ASA Gold and Precious Metals Limited Announces Increase To Semi-Annual Distribution and Additional Voluntary Fee Waiver by its AdviserBusiness Wire
ASA
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEFA14A
- 4/22/24 - Form DEFA14A
- ASA's page on the SEC website