Email of the day (1)
Comment of the Day

November 09 2011

Commentary by David Fuller

Email of the day (1)

More on rare earths, including a fund:
"Following your comments that you would only consider investing in Rare Earth Metals through the companies that mine them, may I point out that there is also another way of investing in this market. It is through the shares of Dacha Strategic Metals which trade on the Venture Exchange in Toronto under the symbol DSM.V.

Here is from their Home page on their website


"Dacha Strategic Metals provides a unique investment vehicle to rare earths and strategic minerals without the associated mining risk. By creating the world's first and only corporate stockpile of these minerals, Dacha offers investors the opportunity to participate in physical ownership of these critical elements. The company employs an extensive screening process to identify opportunities that represent undervalued and critical rare metals in markets that are difficult to access for typical investors."

"You will also note that the Company issued a press release on November 3rd stating that the value of their inventory was $1.59/share. On Monday, the price closed at $0.61 which represents a 60% discount.

"The company is already in the Chart Library."

David Fuller's view Thanks for this information, provided in the spirit of Empowerment Through Knowledge.

I do not know much about Dacha Strategic Metals Inc (weekly & daily) but for those interested in this sector there is merit in having a stake in the actual metals, provided the management costs are not too high. The company is small at C$48 million but the technical action suggests that this is a reasonable entry point for those who are interested in this type of speculation.

After a quick look at Dacha's website I was unable to find their management fees. There may be more information in this list from Google.

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