Kopierar jag mitt inlägg från SH idag om Dacha. Bolaget är våldsamt undervärderat gentemot substansvärde (långt under hälften) och mycket tyder på att den värderingen är vid en tidpunkt då tunga REE tagit det mesta av sin rekyl.
Utöver det så har bolaget nu en suverän straffspark, man har rimligen med längtan väntat på detta ögonblicket, att återigen få börja med återköp av ny 7 miljonersbatch av aktier. Kassan är riklig och nu är det tillåtet att börja igen. All logik säger för mig att bolaget kommande vecka offentliggör nytt s.k NCIB. I väntan på det så har vi följande info att fräscha upp:
"Dacha Strategic Metals Inc. Announces Intention to Make a Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwire - May 30, 2011
Purchases under the NCIB are expected to be permitted to commence on or about June 3, 2011 and will terminate on June 3, 2012 or the date upon which the maximum number of common shares have been purchased by Dacha pursuant to the NCIB.
The Board of Directors of Dacha believes that the underlying value of Dacha, particularly based on the liquid assets on hand per share, is not reflected in the current market price of its common shares, and may not be so reflected at certain times during the course of the NCIB, and has thus concluded that the repurchase of common shares pursuant to the proposed NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of Dacha shareholders. "
"TORONTO, ONTARIO--(Marketwire - Jan. 16, 2012) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce that it has completed its normal course issuer bid ("NCIB"), which was launched in June of 2011.
Dacha has purchased for cancellation a total of 6,747,679 shares
In accordance with TSX Venture Exchange rules, a new NCIB may be launched in June of 2012 on the basis of 10% of the public float of the Company at that time. Management feels that the NCIB has been highly accretive to Dacha's shareholders."
Logic says that management should introduce a new buy back program on Monday June 4th 2012. 6-7 million shares. Dacha´s management has a history of working hard to create shareholder value, they bought back the full last NCIB and they have made sure (Lutetium sale) that they have more than double the amount needed for this share buy back. I have no idea what they will do but I am would be surprised if they do not repeat last years great action (obviously all shareholders would be disappointed if there wasn´t a pressrelease next week...) so I think they will launch a new NCIB which would be great! They would in fact buy dysprosium and terbium at well below half the price by buying there own stock!
Also, unless the stockprice moves considerably higher than 42 cents in 2 weeks, about 12 million warrants will be rewritten from 42 cents to 50 cents (in return for 24 month longer duration) which makes the relevant NAV the not fd NAV at least the first say 20-30% from here.