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, 2008. The report details the manager's holdings in equity securities, specifically focusing on the precious metals and mining sector.
Key Financial Metrics
The filing reports the following aggregate metrics for the reporting period:
- Total Portfolio Value: $361,817,000
- Total Number of Holdings: 10
- Number of Other Included Managers: 0
Note: As a Form 13F, this document reports asset holdings and does not contain revenue, profit, cash flow, margin, debt, or liquidity data for the reporting manager itself.
Top Holdings by Value
| Issuer | Value ($000s) | Shares |
|---|---|---|
| Compania de Minas Buenaventura | 61,650 | 900,000 |
| Randgold Resources Limited | 67,193 | 1,450,000 |
| Barrick Gold | 48,881 | 1,125,000 |
| Agnico-Eagle Mines Limited | 47,397 | 700,000 |
| Goldcorp Inc. | 58,125 | 1,500,000 |
Material Changes
The filing text does not provide comparative data for the prior quarter (December 31, 2007). Consequently, material changes in holdings, additions, or deletions versus the prior period cannot be determined from this document alone.
Outlook and Risks
This filing is a statutory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingencies regarding the manager's future strategy or the performance of the underlying assets.
Investor Verification Checklist
- Verify the total portfolio value of $361.8 million against the manager's latest 13F filings to track asset growth or contraction.
- Confirm the concentration risk, as the portfolio is heavily weighted toward gold and precious metals mining equities.
- Check subsequent filings to determine if the top holdings (Randgold, Buenaventura, Goldcorp) were maintained, increased, or liquidated.
- Validate the share counts for large positions (e.g., 1.788 million shares of Yamana Gold) against public market data for the reporting date.