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Gold/Mining/Energy : ASA Limited

ASA 57.28

-1.0%

Dec 15 4:00 PM EST

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To: SwampDogg who wrote (11)	3/24/2000 3:39:00 PM
From: goldsheet	1 Recommendation of 17

> That is how discounts to NAV are always reported... > NAV is compared to market price and is either a premium or a discount. > The percentage of the discount/premium to the NAV is never calculated... I don't know if you recall this old post from October, but ASA is now reporting the discount to NAV on their website. asaltd.com I disagreed with their calculation method. If the net asset value was $24 and the price was $20, the dollar discount is $4. I maintained that the discount was to NAV, $4/$24 = 16.7% ASA Limited, however, was reporting it as $4/$20 = 20.0% They are now seem to be reporting it correctly, as opposed to overstating the discount.

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