Dacha Strategic Metals (OTCPK:DCHAF) was discussed here as a potential value opportunity just 3.5 months ago. While the company had been a destroyer of capital for several years, it came under new management with a history of good capital allocation. I'm pleased to report that shareholders have seen a share price increase of 30% since that article. Annualized, that return comes out to a cartoon-y 150%.
Most of that increase has come in the last two days or so, as the company announced it has signed a deal to invest the vast majority of its assets into Merus Labs International (NASDAQ:MSLI). Merus is a specialized pharmaceutical company that looks to acquire mature drugs, and increase each...
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