Business Context and Reporting Period
This Form 13F-HR filing is submitted by ASA Limited, an institutional investment manager, for the quarter ended March 31, 2007. The report discloses equity holdings in U.S. securities held by the manager. The filing was signed by Robert J.A. Irwin on April 27, 2007.
Key Financial Metrics
The filing reports a total portfolio value of $179,686,000 across 7 distinct holdings. The portfolio is heavily concentrated in the precious metals and mining sector. Key positions include:
- Harmony Gold Mining Company Limited: $30,113,000 (2,166,400 shares)
- Goldcorp Inc.: $30,025,000 (1,250,000 shares)
- Compania de Minas Buenaventura: $26,955,000 (900,000 shares)
- Barrick Gold Corporation: $26,409,000 (925,000 shares)
- Randgold Resources Limited: $23,910,000 (1,000,000 shares)
- Newmont Mining Corporation: $21,850,000 (520,368 shares)
- Meridian Gold Inc.: $20,424,000 (800,000 shares)
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity, as Form 13F reports only equity holdings, not the operating financials of the reporting manager or the issuers.
Material Changes
The filing text does not provide comparative data for the prior quarter or year. Consequently, material changes in holdings versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are historical disclosures of holdings and do not contain management guidance, future outlook, risk factors, or commentary on contingencies. The filing indicates that ASA Limited holds sole voting authority for all reported positions, with no shared or none voting authority noted.
Important Facts for Investors to Verify
- Verify the current market value of the reported holdings, as the $179.7 million total reflects values as of March 31, 2007.
- Confirm whether ASA Limited has made subsequent trades or adjustments to these positions in later filings.
- Note that the portfolio is 100% concentrated in the gold and precious metals mining sector, implying high sector-specific risk.
- Check the specific share counts for Randgold Resources Limited, where the reported shares (1,000,000) differ slightly from the sole voting authority count (900,000) in the table.