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DCHAF Finra deleted symbol. Called for Redemption; The Company redeemed all of its outstanding common shares in accordance with the amended terms of the common shares at a redemption price of $0.1777 per share. The redemption price will be satisfied, except in the case of Non-Qualified Shareholders (as defined in Dacha?s management information circular dated July 11, 2014), by the delivery to each Company?s shareholder approximately 0.0842 Merus Shares.
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/19/2014&mkt_ctg=NON-OTCBB
So, do you think this will be easy money from this PPS? What are your thoughts?
Cheers,
Bob
10 bagger, thanks for both messages. It looks as if 2012 may be a very big question mark.
Dacha Reports Net Income of US$0.94 Per Share and Financial Results for the Six Months Ending September 30, 2011
Marketwire - Nov 24 07:15 EDT
Alert hits:All *ea *OT
Company Symbols: TorontoVE:DSM, OTC-PINK:DCHAF
TORONTO, ONTARIO -- (MARKET WIRE) -- 11/24/11 -- Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE: DSM)(OTCQX: DCHAF) is pleased to announce that it has released its interim financial results for the three and six months ended September 30, 2011. For more information please see the Company's interim financial statements and Management's Discussion and Analysis ("MD&A") posted on SEDAR at www.sedar.com.
Dacha reported net earnings of US$70.8 million or US$0.94 per basic share for the six months ended September 30, 2011 from total revenue of US$77.5 million (US$80.1 million from gain on its metal investments offset by US$2.6 million loss on security investments). For the six months ending September 30, 2010, Dacha reported net income of US$3.6 million or US$0.05 per basic share from total revenue of US$7.5 million (US$6.9 million from gain on its metal investments offset by US$0.4 million loss on security investments).
As of September 30, 2011, its metals inventory, with a cost basis of US$20.5 million, had an estimated market value of US$121.0 million. During the six months ended September 30, 2011, Dacha purchased US$3.1 million of metals and disposed of US$3.9 million of metals for realized profit of approximately US$3.0 million. A physical inventory count was also conducted by the Company's auditors with the Company's entire inventory held at Pacorini Metals, in two separate LME approved warehouses in Busan, Korea. Subsequent to the quarter end Dacha has opened a third warehouse in Singapore, also operated by Pacorini Metals.
Dacha's net assets at September 30th are US$125.3 million or US$1.60 per share based on 78.1 million shares outstanding, or, US$1.37 per share on a fully diluted basis of 98.7 million shares outstanding.
Outlook on Rare Earth Market and Hong Kong Rare Earth Conference update
Dacha attended the Roskill Rare Earth conference in Hong Kong last week to meet with existing customers, potential new customers and industry participants. A major theme from the conference is the severe impact of flooding in Thailand on two significant users of rare earth magnets, namely Japanese auto makers and the Hard Disk Drive manufacturers. This has severely weakened an already slow market as Japan draws down inventories in hopes of falling prices.
The lack of export buying has the potential to impact export quotas for 2012. Speculation in Hong Kong had the year end use as much as 10,000 tonnes short of the quota. Industry participants would not be surprised if 2012 quotas were reduced in the first half of 2012.
In addition to potentially lower export quotas, the consolidation of the Rare Earth market continues inside China and the number of exporters with quotas is expected to fall from the current 26. Chinese rare earth mining and processing seems to be headed for an oligopoly situation with much of the industry falling under the control of a few state owned enterprises.
2012 Export Quotas and approved exporters will likely be released sometime around Christmas with the Lunar New Year falling on January 23rd in 2012.
Normal Course Issuer Bid
During the six months ended September 30, 2011, the Company purchased and cancelled 3,450,000 common shares at an average cost of $0.91. Subsequent to September 30, 2011, an additional 1,300,000 common shares have been purchased for cancellation at an average cost of $0.62. Dacha expects to continue to purchase shares over the remainder of the fiscal year, depending on market conditions and other investment opportunities that may be available.
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's ability to trade in rare earth elements, the realization value of Dacha's physical inventory portfolio, proposed investment strategy of the Company, and general investment and market trends. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com). In cases where these websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
Dacha Strategic Metals Inc.
Darcie Ladd
Manager of Marketing & Communications
(416) 861-5938
dladd@dachametals.com
10 bagger,
We were shareholders until about March of this year when we needed to raise some cash. After tax loss season this year we are considering buying a few shares again.
It seems that this is a very under-valued stock with 6 month earnings of $0.94/share ,a recent net asset value of $1.37, and closed on Wednesday 11/23/11 in the U S at $0.4798.
We don't understand why the shares trade at such a discount. Is it because the market is afraid that the value of and demand for Rare Earths will plunge in the near future?
DCHAF.. $0.5647 Dacha Reports Assets of US$1.59 Per Share With Inventory Valued at US$118.0 Million as of October 31, 2011
Date : 11/03/2011 @ 6:41PM
Source : MarketWire
Dacha Reports Assets of US$1.59 Per Share With Inventory Valued at US$118.0 Million as of October 31, 2011
print
Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce the estimated market value of its Rare Earth metals inventory. As of October 31, 2011, the estimated value of its metals inventory was US$118.0 million, a decrease of US$3.0 million, or 2.4%, from the estimated value of US$121.0 million at September 30, 2011, as reported in the Company's October 3, 2011 press release.
Assets include metal inventory and cash. At October 31, 2011, in addition to its metal inventory, which had an estimated fair market value of US$118.0 million, the Company's had cash of approximately US$4.4 million for a total of US$122.4 million, or US$1.59 per share, based on 77.0 million shares outstanding, or, US$1.35 per share on a fully diluted basis of 97.4 million shares outstanding.
As at October 31, 2011, Dacha's physical inventory portfolio consisted as follows:
----------------------------------------------------------------------------
Metals Inventory Grades(i) Quantity Spot Price/kg Market Value
10/31/2011 (Kg) (US$) (US$millions)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Busan, South Korea
----------------------------------------------------------------------------
Dysprosium Oxide 3N+ 15,000 $2,205 $33.1
----------------------------------------------------------------------------
Dysprosium Fe Santoku 12,000 $2,450 $29.4
----------------------------------------------------------------------------
Gadolinium Oxide 4N5+ 9,950 $270 $2.7
----------------------------------------------------------------------------
Lutetium Oxide 4N+ 2,900 $1,250 $3.6
----------------------------------------------------------------------------
Neodymium Oxide 4N+ 18,000 $265 $4.8
----------------------------------------------------------------------------
Terbium Oxide 4N+ 14,000 $3,018 $42.3
----------------------------------------------------------------------------
Yttrium Oxide 5N 14,000 $155 $2.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total: 85,850 $118.0
----------------------------------------------------------------------------
-------------------------
(i)Grades:
4N = 99.99%
4N+ = 99.99+%
5N = 99.999%
4N5+ = 99.99%/99.999+%
-------------------------
Dacha's inventory, including market value is updated weekly every Monday morning and posted to the "Inventory" tab of its website at www.dachametals.com. Dacha encourages its shareholders and all other interested parties to visit its website regularly and to monitor the ongoing appreciation of its physical inventory of Rare Earth Elements.
Update on Normal Course Issuer Bid:
During the month, the Company has purchased and cancelled 1,300,000 shares of Dacha at an average price of $0.61. As at October 31, 2011, the Company had purchased and cancelled a total of 4,750,000 shares of Dacha at an average price of $0.83 as part of its on-going Normal Course Issuer Bid. The Company has bought back approximately 70% of the shares allowed under the current NCIB and expects to continue to purchase shares over the remainder of the fiscal year, depending on market conditions and other investment opportunities that may be available.
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's ability to trade in rare earth elements, the realization value of Dacha's physical inventory portfolio, proposed investment strategy of the Company, and general investment and market trends. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com). In cases where these websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Contacts:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
www.dachametals.com
Dacha Strategic Metals Inc.
Darcie Ladd
Manager of Marketing & Communications
(416) 861-5938
dladd@dachametals.com
www.dachametals.com
DCHAF,, $0.55.. Dacha Reports Assets of US$1.62 Per Share With Inventory Valued at US$121.0 Million as of September 30, 2011 and Provides Com...
Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce the estimated market value of its Rare Earth metals inventory. As of September 30, 2011, the estimated value of its metals inventory was US$121.0 million, a decrease of US$14.2 million, or 10.5%, from the estimated value of US$135.2 million at August 31, 2011, as reported in the Company's September 2, 2011 press release.
Assets include metal inventory, cash and marketable securities. At September 30, 2011, in addition to its metal inventory, which had an estimated fair market value of US$121.0 million, the Company's equity investments had an estimated fair market value of approximately US$1.9 million and cash of approximately US$3.3 million for a total of US$126.2 million, or US$1.62 per share, based on 78.1 million shares outstanding, or, US$1.37 per share on a fully diluted basis of 98.7 million shares outstanding.
Company Update
Dacha continues to execute under its Normal Course Issuer Bid and has purchased 1.4 million shares for cancellation since its AGM on September 15th, 2011. As of September 30, 2011, the Company has purchased and cancelled a total of 3,450,000 shares of Dacha at an average price of $0.91 as part of its on-going Normal Course Issuer Bid.
Dacha notes that the market has reacted strongly to the recent pullback in rare earth prices, with Dacha's share price dropping approximately 30% while its inventory value fell only 10% over the same period from the Company's last net asset value update on August 30th 2011. Dacha believes the severe curtailment of heavy rare earth mining and separation combined with speculators exiting the market will have a significant positive influence on heavy rare earth prices in the next 90 days. Moreover, while Asian buyers have been relatively inactive in the market since August, the Company has seen a rise in inquiries in the last two weeks. Dacha maintains its inventory in two London Metal Exchange warehouses in Korea owned and operated by Pacorini Metals, a Glencore company. The Company's inventory is physically audited at the end of each quarter and its auditors were on site on September 30th.
As at September 30, 2011, Dacha's physical inventory portfolio consisted as follows:
----------------------------------------------------------------------------
Metals Inventory Grades(i) Quantity Spot Price/kg Market Value
9/30/2011 (Kg) (US$) (US$millions)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Busan, South Korea
----------------------------------------------------------------------------
Dysprosium Oxide 3N+ 15,000 $2,295 $34.4
----------------------------------------------------------------------------
Dysprosium Fe Santoku 12,000 $2,450 $29.4
----------------------------------------------------------------------------
Gadolinium Oxide 4N5+ 9,950 $265 $2.6
----------------------------------------------------------------------------
Lutetium Oxide 4N+ 2,900 $1,150 $3.3
----------------------------------------------------------------------------
Neodymium Oxide 4N+ 18,000 $276 $5.0
----------------------------------------------------------------------------
Terbium Oxide 4N+ 14,000 $3,153 $44.1
----------------------------------------------------------------------------
Yttrium Oxide 5N 14,000 $153 $2.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total: 85,850 $121.0
----------------------------------------------------------------------------
------------------------------
(i)Grades:
4N = 99.99%
4N+ = 99.99+%
5N = 99.999%
4N5+ = 99.99%/99.999+%
------------------------------
Dacha's inventory, including market value, is updated weekly every Monday morning and posted to the "Inventory" tab of its website at www.dachametals.com. Dacha encourages its shareholders and all other interested parties to visit its website regularly and to monitor the ongoing appreciation of its physical inventory of Rare Earth Elements.
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
DCHAF,, $0.7828.. Added today.. Dacha Reports Net Income of US$0.79 Per Share and Financial Results for the First Quarter Ending June 30, 2011
09/14/11 12:18 PM EDT Buy 388 DCHAF Executed @ $0.7814 Details | Edit
09/14/11 12:17 PM EDT Buy 1500 DCHAF Executed @ $0.7813 Details | Edit
09/14/11 11:20 AM EDT Buy 1000 DCHAF Executed @ $0.7828 Details | Edit
09/14/11 11:20 AM EDT Buy 1500 DCHAF Executed @ $0.7828 Details | Edit
09/14/11 11:20 AM EDT Buy 500 DCHAF Executed @ $0.7828 Details | Edit
09/14/11 11:19 AM EDT Buy 4000 DCHAF Executed @ $0.7828 Details | Edit
09/14/11 10:52 AM EDT Buy 13888 DCHAF Executed @ $0.8005 Details | Edit
09/14/11 10:52 AM EDT Buy 5000 DCHAF Executed @ $0.802 Details | Edit
TORONTO, ONTARIO -- (MARKET WIRE) -- 09/14/11 -- Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE: DSM)(OTCQX: DCHAF) is pleased to announce that it has released its interim financial results for the three months ended June 30, 2011. For more information please see the Company's interim financial statements and Management's Discussion and Analysis ("MD&A") which are filed under the Company's profile on SEDAR at www.sedar.com.
Dacha reported net earnings of US$57.8 million or US$0.79 per share for the three months ended June 30, 2011 from total revenue of US$60.3 million (US$61.6 million from gain on its metal investments offset by US$1.4 million loss on security investments). For the three months ending June 30, 2010, Dacha reported net income of US$0.2 million or US$0.00 per share from total revenue of US$1.4 million (US$1.7 million from gain on its metal investments offset by US$0.5 million loss on security investments).
The June 30, 2011 financial statements mark the Company's first quarter reporting under International Financial Reporting Standards ("IFRS"). Along with the transition to IFRS, the Company has changed its functional and reporting currency to the US dollar.
As of June 30, 2011, the Company's metals inventory, with a cost basis of US$20.5 million, had an estimated market value of US$102.7 million. During the three months ended June 30, 2011, Dacha purchased US$3.1 million of metals and disposed of US$3.8 million of metals for realized profit of approximately US$3.0 million.
Outlook on Rare Earth Pricing
Dacha has noted a significant upward trend in heavy rare earth prices since its March 31 year end as a result of fundamental changes to the mining and refining in the domestic Chinese rare earth market, which has affected prices both domestically and internationally. In the last 60 days, pricing has declined slightly in both markets, which the Company believes is primarily the result of speculators, who may have obtained material outside of authorized production channels, moving material out of inventory. Mining and refining of heavy rare earths in southern China, the major source of all heavy rare earths globally, has undergone a substantial restructuring in 2011. Production quotas for the mining and refining of rare earths are also being enforced for the first time. China Minmetals announcement in early August of the voluntary shutdown of its South China separation facilities seems to have gone largely unnoticed by the investing public but has a significant impact of the availability of material for the balance of this year. Although the capital market does not appear to have reacted to recent announcements in early August as to the voluntary shutdown of certain South China separation facilities, this change appears to have a significant impact on the availability of material from China for the balance of the year.
With production quotas being enforced for the mining and refining of rare earths and the substantial reduction in production capacity, Dacha expects that the rare earth oxide market this fall will experience a significant shortfall in available material which could cause a rebound in rare earths prices, particularly for heavy rare earth oxides, which will have an effect on the value of the metals held in our inventory.
Normal Course Issuer Bid
During the three months ended June 30, 2011, Dacha commenced a Normal Course Issuer Bid ("NCIB") that will terminate on June 3, 2012. During the quarter, the Company purchased and cancelled 175,000 common shares at an average cost of CAD$0.79. Subsequent to June 30, 2011, an additional 1,950,000 common shares have been purchased for cancellation at an average cost of CAD$1.08. Dacha expects to continue to purchase shares over the remainder of the fiscal year, depending on market conditions and other investment opportunities that may be available.
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's ability to trade in rare earth elements, the realization value of Dacha's physical inventory portfolio, the investment strategy of the Company, trends in the supply and price of rare earth elements and general investment and market trends. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com). In cases where these websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Contacts:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
Dacha Strategic Metals Inc.
Darcie Ladd
Manager of Marketing & Communications
(416) 861-5938
dladd@dachametals.com
www.dachametals.com
Source: Dacha Strategic Metals Inc.
DCHAF.. $1.03 Dacha Reports 2010 Year End Net Income of C$0.33 Per Share
TORONTO, ONTARIO -- (MARKET WIRE) -- 08/02/11 -- Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE: DSM)(OTCQX: DCHAF) is pleased to announce that it has released its financial results for the fiscal year ended March 31, 2011. For more information please see the Company's annual financial statements and Management's Discussion and Analysis ("MD&A") posted on SEDAR at www.sedar.com.
Dacha reported net earnings of $23.6 million or $0.33 per share for the year ended March 31, 2011 from total revenue of $30.2 million ($27.5 million from gain on its metal investments and $2.9 million from gain on investments). For the twelve months ending March 31, 2010, Dacha reported net loss of $1.9 million or $0.10 per share from total revenue of $1.0 million ($0.4 million from gain on its metal investments and $0.5 million from gain on investments).
As of March 31, 2011, its metals inventory, which had an initial cost base of $18.6 million, had an estimated market value of $40.6 million. During the year then ended, Dacha purchased a total of $27.6 million of metals and executed trades of $19.0 million of metals for realized profit of approximately $6.0 million as at fiscal year end.
Scott Moore, President and CEO of the Company, commented: "2010 was a very strong year for Dacha. We have seen remarkable gains in our inventory based on significant price appreciation of our underlying metal inventory. We have a focused strategy of stockpiling heavy Rare Earths and these financial results indicate that we have ultimately been rewarded in that strategy."
Normal Course Issuer Bid
Subsequent to year ending March 31, 2011, Dacha commenced a Normal Course Issuer Bid ("NCIB") that will terminate on June 3, 2012. Since the end of fiscal 2011, 1,950,000 common shares have been purchased for cancellation at an average cost of $1.03. Dacha expects to continue to purchase shares over the remainder of the fiscal year, depending on market conditions and other investment opportunities that may be available.
About Dacha
Dacha Strategic Metals Inc. is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the future expectations of the Company's performance based on prior year results, Company's ability to trade in rare earth elements, the realization value of Dacha's physical inventory portfolio, the future success of the investment strategy of the Company, and general investment and market trends. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com). In cases where these websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
smoore@dachametals.com
Dacha Strategic Metals Inc.
Darcie Ladd
Manager of Marketing & Communication
416-861-5938
dladd@dachametals.com
www.dachametals.com
Source: Dacha Strategic Metals Inc.
DCHAF.. $1.12
Inventory Valued at US$140.3 Million as of July 15, 2011
Quote:
--------------------------------------------------------------------------------
C$141.7 million, or $1.84 per share, based on 76.9
million shares outstanding, or, C$1.52 per share on a fully diluted basis of
100.5 million shares outstanding.
--------------------------------------------------------------------------------
TORONTO, ONTARIO--(Marketwire - July 18, 2011) - Dacha Strategic Metals
Inc.("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to
announce the continued appreciation of its Rare Earth metals inventory. As of
July 15, 2011, the estimated value of its metals inventory was US$140.3
million, or C$133.9 million, an increase of C$7.0 million, or 5.5%, from the
estimated value of C$126.9 million at July 11, 2011, as reported in the
Company's July 11, 2011 press release.
Assets include metal inventory, cash and marketable securities. At July 15,
2011, in addition to its metal inventory, which had an estimated fair market
value of C$133.9 million, the Company's equity investments had an estimated
fair market value of approximately C$3.6 million and cash of approximately
C$4.2 million for a total of C$141.7 million, or $1.84 per share, based on 76.9
million shares outstanding, or, C$1.52 per share on a fully diluted basis of
100.5 million shares outstanding.
As at July 15, 2011, Dacha's physical inventory portfolio consisted as
follows:
----------------------------------------------------------------------------
Metals Inventory Grades Quantity Spot Market Market
7/15/2011 (i) (Kg) Price/kg Value Value
(US$)(US$millions) (C$millions)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
US$1.00=C$0.9543
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Busan, South Korea
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Dysprosium Oxide 4N 15,000 $2,555 $38.3 $36.6
----------------------------------------------------------------------------
Dysprosium Fe Santoku 12,000 $2,600 $31.2 $29.8
----------------------------------------------------------------------------
Gadolinium Oxide 4N5+ 10,000 $255 $2.6 $2.4
----------------------------------------------------------------------------
Lutetium Oxide 4N+ 3,000 $1,000 $3.0 $2.9
----------------------------------------------------------------------------
Neodymium Oxide 4N+ 18,000 $318 $5.7 $5.5
----------------------------------------------------------------------------
Terbium Oxide 4N+ 14,000 $4,103 $57.4 $54.8
----------------------------------------------------------------------------
Yttrium Oxide 5N 10,000 $181 $1.8 $1.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Shanghai, China
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Yttrium Oxide 4N5+ 4,000 $64 $0.3 $0.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total: 86,000 $140.3 $133.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
-------------------------
(i)Grades:
4N = 99.99%
4N+ = 99.99+%
5N = 99.999%
4N5+ = 99.99%/99.999+%
-------------------------
Dacha's inventory, including market value is updated weekly every Monday
morning and posted to the "Inventory" tab of its website at
www.dachametals.com. Dacha encourages its shareholders and all other interested
parties to visit its website regularly and to monitor the ongoing appreciation
of its physical inventory of Rare Earth Elements.
Update on Normal Course Issuer Bid:
The Company has recently purchased and cancelled 1,750,000 shares of Dacha at
an average price of $1.02 as part of its on-going Normal Course Issuer Bid.
Options
The Company also announces that it has granted 350,000 stock options to
officers and consultants of the Company. The options have an exercise price of
$1.08 and shall expire five years from the date of grant. The options shall
vest immediately, subject to the four month regulatory hold period. The grant
of options is subject to regulatory approval.
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the
acquisition, storage and trading of strategic metals with a primary focus on
Rare Earth Elements. Dacha is in the unique position of holding a commercial
stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX
Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the
symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain
information contained herein constitutes "forward-looking information" under
Canadian securities legislation. Forward-looking information includes, but is
not limited to, statements with respect to the Company's ability to trade in
rare earth elements, the realization value of Dacha's physical inventory
portfolio, proposed investment strategy of the Company, and general investment
and market trends. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made. Forward-looking information
is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Dacha to be materially different from those expressed or implied by such
forward-looking information. Although management of Dacha has attempted to
identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on
forward-looking information. Dacha does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.
The market value of the Company's physical inventory is estimated using price
quotes published by two of the largest independent news sources for the metals
industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages
(www.metal-pages.com). In cases where these websites do not provide a price
quote on the type or quality of metal held in the Company's physical inventory,
the Company relies on a price quote provided by independent third-party
industry participants.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
FOR FURTHER INFORMATION PLEASE CONTACT:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
or
Dacha Strategic Metals Inc.
Stan Bharti
Executive Chairman
(416) 861-5903
www.dachametals.com
DCHAF.. $1.15..
Dacha Comments on China Rare Earth Quotas for Second Half of 2011
Marketwire - Jul 14 at 13:38POS ska
Company Symbols: TorontoVE:DSM
TORONTO, ONTARIO -- (MARKET WIRE) -- 07/14/11 -- Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE: DSM)(OTCQX: DCHAF) The Ministry of Commerce People's Republic of China (MOFCOM) announced today that Rare Earth export quotas for the second half of 2011 will be 15,738 tonnes, which represents an increase of 8.9% over the first half of 2011. This increase is contrary to expectations from the international market which was previously forecasting a 5-10% cut in quotas in line with the ongoing Chinese domestic policy balance between domestic demand and international demand. Domestic producers were likewise expecting a substantial reduction in quotas for the second half of 2011. The recent negative World Trade Organization ruling (July 5, 2011) on Chinese quotas of Coke and Bauxite may have played a part in this unexpected increase over the first half quota number.
It is only in the last year that Rare Earth export quotas come to have an actual monetary value and this has contributed to substantial increases in the international pricing of light rare earth elements such as Lanthanum and Cerium since last July. Surcharges for export quotas are currently approximately US$100 per kg regardless of the specific element being exported. An example of the impact of the quota surcharge can be seen in Lanthanum oxide where the domestic price is approximately US$23 per kg while international pricing is US$150 per kg. In addition, all rare earth oxides and alloys are subject to a 25% export tariff.
In the heavy rare earth elements such as Dysprosium and Terbium, the quota surcharge has very limited effect on pricing. Terbium pricing domestically is now quoted at approximately US$3230 per kg which would equate to approximately US$4040 per kg once the 25% tariff charge is applied. In the case of these elements a quota surcharge of $100 per kilogram is less than 2% of the value of the material.
Dacha's inventory value of US$132.1 million as at July 11th is currently weighted at 90% between Terbium and Dysprosium, or a total of US$118.7.
The recently mandated consolidation of producers and other supply constraints continue in Southern China, which is the largest supplier of Heavy Rare Earth Oxides and supplier offers in the Domestic market continue to increase. According to Metal Pages (July 11, 2011), an independent news source for the industry, some suppliers are quoting Terbium at prices as high as RMB32,000 per kg, which would imply an international price of approximately US$6,100 per kg prior to the value which would be attached for the quota surcharge.
Despite an increase in quotas for Rare Earth Elements, Dacha expects further price increases for heavy rare earth elements to continue for the rest of 2011 based on the continued supply constraints in southern China and a robust market in the fall, which has historically been the strongest demand quarter for Rare Earth Oxides. However, there may be some difficulty in exporters maintaining the quota surcharge at its current level and there may be pullback in the international prices for light rare earths such as Cerium and Lanthanum - two elements which are not included in Dacha's portfolio of physical Rare Earth Elements.
About Dacha
Dacha Strategic Metals Inc. is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to expectations as to future prices of rare earth elements, expected future quotas on rare earth elements, the Company's ability trade in rare earth elements, the realization value of Dacha's physical inventory portfolio, proposed investment strategy of the Company, and general investment and market trends. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com). In cases where these websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
Dacha Strategic Metals Inc.
Darcie Ladd
Manager of Marketing & Communications
(416) 861-5938
dladd@dachametals.com
www.dachametals.com
Source: Dacha Strategic Metals Inc.
DCHAF.. $1.15.. ADDED AGAIN.. New High Again..
Dacha Reports Assets of C$1.76 Per Share With Inventory Valued at US$132.1 Million as of July 11, 2011 07/11/2011
Download this News Release
07/11/11 3:30 PM EDT Buy 88 DCHAF Executed @ $1.1464 Details | Edit
07/11/11 3:30 PM EDT Buy 2000 DCHAF Executed @ $1.1464 Details | Edit
07/11/11 3:30 PM EDT Buy 2000 DCHAF Executed @ $1.1464 Details | Edit
07/11/11 3:30 PM EDT Buy 4000 DCHAF Executed @ $1.1464 Details | Edit
07/11/11 3:30 PM EDT Buy 300 DCHAF Executed @ $1.1464 Details | Edit
07/11/11 3:30 PM EDT Buy 200 DCHAF Executed @ $1.1464 Details | Edit
07/11/11 3:30 PM EDT Buy 300 DCHAF Executed @ $1.1443 Details | Edit
07/11/11 3:30 PM EDT Buy 5000 DCHAF Executed @ $1.1464 Details | Edit
07/11/11 3:30 PM EDT Buy 5000 DCHAF Executed @ $1.14 Details | Edit
TORONTO, ONTARIO--(Marketwire - July 11, 2011) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce the continued appreciation of its Rare Earth metals inventory. As of July 11, 2011, the estimated value of its metals inventory is US$132.1 million, or C$126.9 million, an increase of C$27.8 million, or 28%, from the estimated value of C$99.1 million at June 30, 2011, as reported in the Company's July 5, 2011 press release.
Assets include metal inventory, cash and marketable securities. At July 11, 2011, in addition to its metal inventory, which has an estimated fair market value of C$126.9 million, the Company's equity investments had an estimated fair market value of approximately C$3.1 million and cash of approximately C$5.2 million for a total of C$135.2 million, or $1.76 per share, based on 76.7 million shares outstanding, or, C$1.45 per share on a fully diluted basis of 100.7 million shares outstanding.
As at July 11, 2011, Dacha's physical inventory portfolio consisted as follows:
----------------------------------------------------------------------------
Spot
Metals Inventory Grades(i) Quantity Price/kg Market Value Market Value
7/11/2011 (Kg) (US$) (US$millions) (C$millions)
----------------------------------------------------------------------------
US$1.00=C$0.9607
----------------------------------------------------------------------------
Busan, South
Korea
----------------------------------------------------------------------------
Dysprosium Oxide 4N 15,000 $2,340 $35.1 $33.7
----------------------------------------------------------------------------
Dysprosium Fe Santoku 12,000 $2,535 $30.4 $29.2
----------------------------------------------------------------------------
Gadolinium Oxide 4N5+ 10,000 $255 $2.6 $2.5
----------------------------------------------------------------------------
Lutetium Oxide 4N+ 3,000 $1,000 $3.0 $2.9
----------------------------------------------------------------------------
Neodymium Oxide 4N+ 18,000 $318 $5.7 $5.5
----------------------------------------------------------------------------
Terbium Oxide 4N+ 14,000 $3,803 $53.2 $51.1
----------------------------------------------------------------------------
Yttrium Oxide 5N 10,000 $179 $1.8 $1.7
----------------------------------------------------------------------------
Shanghai, China
----------------------------------------------------------------------------
Yttrium Oxide 4N5+ 4,000 $64 $0.3 $0.3
----------------------------------------------------------------------------
Total: 86,000 $132.1 $126.9
----------------------------------------------------------------------------
(i)Grades:
4N = 99.99%
4N+ = 99.99+%
5N = 99.999%
4N5+ = 99.99%/99.999+%
---------------------------
Dacha's inventory, including market value is updated weekly every Monday morning and posted to the "Inventory" tab of its website at www.dachametals.com. Dacha encourages its shareholders and all other interested parties to visit its website regularly and to monitor the ongoing appreciation of its physical inventory of Rare Earth Elements.
Update on Normal Course Issuer Bid
In addition, Dacha is pleased to announce that as of July 11, 2011 it has purchased and cancelled a total of 850,000 shares of Dacha at an average price of $0.91 as part of its on-going Normal Course Issuer Bid.
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's ability to trade in rare earth elements, the realization value of Dacha's physical inventory portfolio, proposed investment strategy of the Company, and general investment and market trends. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com). In cases where these websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
FOR FURTHER INFORMATION PLEASE CONTACT:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
Dacha Strategic Metals Inc.
Stan Bharti
Executive Chairman
www.dachametals.com
Source: Dacha Strategic Metals Inc.
Latest View All
PRESS RELEASES
July 11, 2011
Dacha Reports Assets of C$1.76 Per Share With Inventory Valued at US$132.1 Million as of July 11, 2011
July 5, 2011
Dacha Reports Assets of C$1.44 Per Share With Inventory Valued at US$102.7 Million as of June 30, 2011
tb up 30%
Dy up 40%
today if I am reading metal page prices right
I plan to write about it and that should hopefully get it more attention.
Finished building my position and got it at a higher price than I wanted but the current price is still cheap.
Plus these rare earth metals that Dacha hold will continue to go up in price as long as China has a stranglehold on the market.
great stock there is just no one to discuss it with, does anyone out there own it. I mentioned DCHAF on the CVSL board and got it deleted right away by a assistant..though that was funny..
GO DCHAF
I guess you weren't kidding when you said that you were stalking me. LOL
Picked up some after seeing the daily volume increasing the last couple of days.
DCHAF company news release
http://www.babelation.com/feed/dacha-strategic-metals-inc-dchaf-otc-link-home-country-news-release-4
great dd prom--just stumbled across this on seeking alpha--thought i might join ya...i'm relatively new at this - but will offer what i can...revlis
Dacha Business Model
Dacha is structured as a tax efficient, diversified vehicle that allows investors to participate in the long term appreciation of strategic Rare Earth elements and other critical Minor Metals. These materials will be stockpiled in geographically diversified warehouses that are LME (London Metal Exchange) or MMTA (Minor Metals Trade Association) approved in order to ensure the highest quality of service in storage handling. Dacha shareholders will benefit from the following trends:
•Rising values of strategic Rare Earth elements such as Dy, Tb, Eu, Y, Gd, Pr and Nd
•The growing strategic premium for having critical materials in politically neutral countries
•The expected spot volatility trading opportunities that will present themselves to the only publicly funded financial participant
•A diversified basket of hard assets as opposed to a single element approach
•Professional management critical to obtaining and managing the portfolio in difficult to access markets
•Focused exposure to specific physical strategic commodities rather than mining deposits and their associated risk profile
Dacha is ideal for the investor who recognizes the importance of these unique commodities that are driving Green Technology and Advanced Materials into everyday products, without the mining and execution risk.
Source: www.dachacapital.com
Current News
Lt. Gen. Ronald Hite Joins Dacha Board
Tuesday 09/14/2010 7:31 AM ET - Marketwire
Related Companies
Symbol Last %Chg
DCHAF 0.359 0.00%
As of 11:02 AM ET 9/14/10
Dacha Capital Inc. ("Dacha" or the "Company") (TSX VENTURE: DAC)(OTCQX: DCHAF) is pleased to announce that following the Company's annual and special meeting of shareholders held on September 13th, 2010, Lieutenant General (Retired) Ronald V. Hite has joined the Company as a director.
Lieutenant General Hite retired July 1, 1997 from the United States Army after 33 years of service. During his military career, General Hite held several senior military leadership positions and is a Vietnam War veteran. His last active duty assignment was as Military Deputy to the Assistant Secretary of the Army for Research, Development, and Acquisition, the Senior Military Advisor to the Army Acquisition Executive and the Army Chief of Staff on all research, development, and acquisition programs and related issues. He testified as a principal military witness for Research, Development, and Acquisition appropriations with Congress, supervised the Army's Program Executive Officer System, and also served as the Director, Army Acquisition Corps. Upon retirement from active duty, General Hite joined Cypress International, in Alexandria, Virginia, and retired as the Chairman and CEO in January 2005.
He holds a BA in Chemistry and a MS in Management Science, and is a graduate of several senior-level military schools. General Hite currently serves on various boards and advisory boards and is President of the East Tennessee State University Alumni Association.
Shareholders also approved the Company's change of name to Dacha Strategic Metals Inc. The name change remains subject to TSX Venture Exchange approval before the Company will commence trading under its new name and ticker symbol.
In addition, the Company reports its estimated net asset value at August 31, 2010 was $30.5 million, or $0.42 per share, based on 72,159,214 million shares outstanding. The NAV is calculated on the Market Value of our physical inventory plus other historical assets and working capital. As at August 31, 2010, Dacha's physical inventory portfolio consisted as follows:
Metal inventory
(in millions of Cdn
dollars - unaudited) Quantity (Kgs) Cost Market Value
----------------------------------------------------
Held outside China
Dysprosium Oxide 5,000 $ 1.0 $ 1.5
Dysprosium Fe 30,000 5.9 8.8
Gadolinium Oxide 20,000 0.4 0.7
Lutetium Oxide 3,000 0.9 1.1
Terbium Oxide 13,000 6.7 8.5
Yttrium Oxide 20,000 0.2 0.7
Held within China
Europium Oxide 6,000 2.6 2.7
Yttrium Oxide 120,000 1.0 0.9
$ 18.7 $ 24.9
Overview of Dacha
Dacha Capital Inc. is a unique company that acts as a financial intermediary between investors and the inefficient, difficult to access markets of strategic commodities. We participate in a very direct manner by purchasing physical inventories of commodities that qualify under our investment thesis. Our investment thesis utilizes an intensive screening system to identify opportunities by measuring such factors as supply side response, diversification of demand base, demand/supply fundamentals, substitution risk, technology risk, and their strategic nature within the value chain etc.
Our mandate is to give investors the most pure source of exposure to undervalued commodities. Therefore, we do not regularly engage in significant sales. Instead, we recognize that there is value in trading a small portion of the inventory to take advantage of volatile spot markets. Our overall goal is to remain invested in strategic commodities.
Source: dachacapital.com
Share Structure
Share Structure (at July 28, 2010)
Common Shares Issued & Outstanding 72,159,214
Warrants 22,225,490
Options 2,100,000
Fully Diluted 96,484,704
Source: dachacapital.com
Dacha is an investment holding company. The primary investment objective of the Corporation is to acquire a physical inventory of strategic minerals not generally available to an investor.
Source: Pinksheets
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