Post by
Junit on Nov 28, 2013 10:01am
Dundee shares convertible at .23 or 130% higher...
I look at the play like this. If the company goes under after just buying this new farm.. dundee is toast or forced to help out with more funding. As it stands now they are getting into the right space at the right time. It's in dundee's best interest to see this work out. The 10 million loan has a share conversion price of .23. Somehow this got down to .10 on what I think is tax loss selling. The shares are extremely illiquid. Looks like a great set up from these levels.Jmho Rory