UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2008
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ASA Limited
Address: 11 Summer Street, 4th floor, Buffalo, NY 14209-2256
Form 13F File Number: 28-11034
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Robert J.A. Irwin
Title: Chairman, President & Treasurer
Phone: 716-883-2428
Signature, Place, and Date of Signing:
/s/ Robert J.A. Irwin Buffalo, New York May 5, 2008
---------------------------- ----------------------------- -------------------
Report Type (Check only one):
[X] 13F HOLDINGS REPORT.(Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 10
Form 13F Information Table Value Total: $361,817 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13f file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
None
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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Agnico-Eagle
Mines Limited Common Stock 008474108 47,397 700,000 SH Sole 700,000
Barrick Gold Common Stock 067901108 48,881 1,125,000 SH Sole 1,125,000
Corporation
Compania de Minas Sponsored ADR 204448104 61,650 900,000 SH Sole 900,000
Buenaventura
Goldcorp Inc. Common Stock 380956409 58,125 1,500,000 SH Sole 1,500,000
Harmony Gold Mining
Company Limited Sponsored ADR 413216300 7,890 666,400 SH Sole 666,400
Newmont Mining Common Stock 651639106 23,573 520,368 SH Sole 520,368
Corporation
NovaGold Resources Common Stock 66987E206 2,891 375,000 SH Sole 375,000
Inc.
Randgold ADR 752344309 67,193 1,450,000 SH Sole 1,450,000
Resources
Limited
streetTRACKS Gold Shares 863307104 18,076 200,000 SH Sole 200,000
Gold Trust
Yamana Gold Inc. Common Stock 98462Y100 26,141 1,788,000 SH Sole 1,788.000