RE: RE: RE: RE: NAV- 91 CentsI know Aberdeen very well and have owned it. I believe it will always trade at a large discount and personally I am not really fond of the weighting towards various small juniors in Mongolia etc.
If they weren´t so quick to sell out there interesting holdings in companies like Avion and Dacha I would be more interested. I wouldn´t for instance be surprised if the next MD&A will show that they have lowered their exposure to Dacha at exactly the wrong time.
I think Dacha is unique with its exposure to Terbium & Dysprosium (rather than shares in other companies that anyone can buy) and I believe that we have a fair chance at besides getting rapid growth the coming years, to also be able to cash in on the full NAV as I mentioned before. You should be aware that Dacha has traded alot of shares under constantly rising prices since March 2011. The ownership picture has changed and will continue to change. All the old shareholders that wanted to sell at their GAV at 45 cents are now gone.
Aberdeen is more of an investment company and they always trade at a discount. But I agree that the discount they trade at should be a bit lower.
My view is that the Dacha NAV is 91 cents and FD including the Famco loan this would be 83.5 cents.
I believe the stock will soon trade closer to those numbers now that 45 cent area where so many shares were bought in the huge private placement last spring has been taken out, in the mean time I simply gradually increase my personal holding as I get the opportunity. I like the risk / reward alot and Dacha has been a very good investment so far. I believe that, has only started.