Deterco is a private company that was established in 2012. during the 2019 FY the directors of the company resolved to restructure the company’s core business and disposed the non core businesses. The strategy was opted in order to ensure profitability and stability of the business. The company will as from the 2020 FY focus on capital investments, this will result in the company being a holding company.
Our long-term economic goal (subject to some qualifications mentioned later) is to maximize Deterco’s average annual rate of gain in intrinsic business value on a per-share basis. We do not measure the economic significance or performance of Deterco by its size; we measure by per-share progress. We are certain that the rate of per-share progress will diminish in the future – a greatly enlarged capital base will see to that. But we will be disappointed if our rate does not exceed that of the average large American corporation.
Our preference would be to reach our goal by directly owning a diversified group of businesses that generate cash and consistently earn above-average returns on capital. Our second choice is to own parts of similar businesses, attained primarily through purchases of marketable common stocks. The price and availability of businesses and the need for capital determine any given year’s capital allocation.
Our principal objective is to inject capital into high impact, high growth mineral exploration projects both in Africa and around the globe. Our strategy is to focus in companies that are exploring for the minerals needed for new age technology minerals.