In June 2021, following the annual shareholders meeting:
"the Board unanimously ....., on the recommendation of Jonathan Goodman, Dundee’s President and CEO, appointed Steven Sharpe as Executive Vice Chair, effective Friday, June 25, 2021. Mr. Sharpe’s mandate is to rationalize Dundee’s portfolio of legacy investments and operating subsidiary companies. His appointment will facilitate the Corporation’s transformation into an active investor solely focused on the mining sector by permitting the Dundee management team to focus on that strategy. With the appointment, Mr. Sharpe has resigned as a director of the Corporation.
Jonathan Goodman commented:
“We welcome Steven to our leadership team in his new role of Executive Vice Chair. We believe that with his skillset, expertise, and senior leadership experience, Steven is perfectly suited to execute on one of our key strategic objectives, namely, rationalizing our portfolio of legacy assets. With him leading this initiative, Dundee’s efforts in this regard will clearly accelerate, and we can sharpen our focus on building Dundee 2.0 as an active investor in the mining sector.”
Steven Sharpe’s extensive senior leadership and public company experience spans a wide range of industries and responsibilities, from legal practice to corporate strategy and restructuring to investment banking to C-suite leadership. He is currently Chair of The Privacy Co LLC, and a director of Crown Capital Partners Inc. and Source Energy Services Ltd. Most recently, Mr. Sharpe was Chair and Interim CEO of Madalena Energy Inc. as well as Chair of Corporate Risk Holdings, LLC. Previously, he was Chair and Interim CEO of Longview Oil Corp., CEO and director of C.A. Bancorp Inc., Chair of Advantage Oil & Gas Ltd., and Chair of Prime Restaurants Inc. In 2002, he co-founded Blair Franklin Capital Partners, a Toronto-based investment bank. A lawyer by training, Mr. Sharpe practiced for close to 20 years, first at Torys and subsequently at Davies."
Eleven months later... we sold Blue Goose and still own everything else. Where is the priority to focus exclusiveny on the moning sector. What are we waiting for to sell all other assets, including TauRx.
In addition, management keeps talking about buying back common and preferred shares. Let's face it we have lots of money in the bank to do so. Yet, not a single common or preferred share has been repurchased in the last quarter. Why not?