RE:RE:RE:Q3 ResultsPierrelebel... I see you're more pessimistic, but hopful! I personally am more positive, realizing of course that there is risk involved... here's my take!
The monetization of the non-core assets with the sale of BG, $34m debt paydown, and a reasonable reduction of overhead expenses are all positive. Regardless if it is "old news", it's the Q3 report... that's what happened in Q3.
As I stated in my previous post, Dundee is making the move to reestablish itself where it has the most experience and past success... the mining business. It now has a stake in 7 gold and 5 base metal mining companies, ranging from ~5% to ~20%. Their ownership stakes in mining companies such as Maritime Resources Corp. will hopefully prove to be a winner... we'll know soon enough. Also, their two processes... GlassLock and CLEVR are expected to be of significant use in addressing growing pressure from communities and governments over the use of cyanide in gold extraction. Dundee has plenty of cash on hand and with ~52% of the ~88m shares held by thte general public, so there is no liquidity issue. My understanding is that their program to monetize legacy investments is ongoing.
The share price is now at its highest in quite some time, closing on Nov. 12th at $1.80. I feel that Dundee's strategy of focusing on undervalued mining, monetizing the legacy investments and continuing to reduce overhead costs will lead to a buy back of common shares and thus a futher appreciation of share price.
I don't have a large position in Dundee... 10,000 shares @ 1.39... but I'm happy I got in and I'm hoping to be happier when I get out.
Cheers to you!