Dundee Corp DNDPF

Genting / TauRx

[Catscratch]

Interesting to note that Genting's market cap has increased by ~US$600M over the past three months (Genting owns 20% of TauRx).

Here's recent article discussing TauRx' valuation and the impact on Genting...

https://themalaysianreserve.com/2022/10/19/genting-to-hit-jackpot-from-taurx/

Meanwhile Dundee's largest mining investments have been on fire recently... Magna Mining (NICU) and Reunion Gold (RGD) in particular.

I'm surprised they aren't more active on the NCIB.

[jrj90620]

DPM also on a roll lately.Most of the DPM assets were acquired when Goodman was CEO of DPM.I think Goodman is the main asset we have,here at DC.He's been choosing mining stocks and assets for decades,since DPM was a closed end mutual fund,with a portfolio of mining stocks.

[Macpoor]

Thank you Catscratch! Looking forward to more news about TaurRx! Stay safe!

[CBalardo]

Ya hopefully Taurx has IPO they where talking about on Nasdaq.  I like the NICU and Reunion gold, I have invested in them directly. SPC nickel and Atico are still ones to watch. I saw a video online of Atico peeling back land at their new Ecuador site, copper and gold are up so I jumped in at .25-.26 cents. One of the lowest penny producing copper gold mines I know of. I believe DC.A has a

[Catscratch]

Another TauRx article... https://www.theedgemarkets.com/node/653737

[pierrelebel]

"In a note, Maybank IB said it will be a watershed year for TauRX as it will submit its lead Alzheimer’s combating investigative drug, Hydromethylthionine Mesylate (HMTM), for the FDA’s approval in the first quarter of 2023. “Should HMTM be approved, TauRX be ascribed US$15 billion valuation..." Dundee holds a 3.2% (diluted) interest in TauRx. US$15,000,000,000 x 3.2% = US$ 480

[CBalardo]

Exactly, they should be buying. I think we are being squeezed. They did it with DST. If they can get debentures cheep why not! 

[pierrelebel]

"I think we are being squeezed." Not really.  Their most recent balance sheet shows tens of millions in cash.

[pierrelebel]

That was a year ago when DC.A was trading at $1.32 Let me ask once again: And yet, management is NOT buying back shares at current low levels! Why not?  What do they know that we do not?

[Catscratch]

Another interesting article on Taurx.  This time with some commentary from someone knowledgeable/external from the company. https://www.globaldata.com/media/pharma/taurxs-hmtm-become-first-oral-dmt-targeting-tau-alzheimers-disease-says-globaldata/

[Macpoor]

A monsterous thank to you Catscratch  for keeping up with good work! 

[Catscratch]

On the insider buying.  They have probably been in a blackout for a while with the pref SIB and then Q4 earnings.  Hopefully we see some insider buying this spring.

[pierrelebel]

"On the insider buying.  They have probably been in a blackout..." I am referring to the Normal Course Issuer Bids (NCIB) announced in April 2023 LINK "President and CEO Jonathan Goodman views the purchase of shares for cancellation at current prices as a prudent long-term investment to streamline Dundee’s capital structure, reduce future dividend payments, and return excess

[Catscratch]

I believe he was referring to the pref shares because he mentioned dividends.  They obviously bought back a mountain of Prefs with the recent SIB.  That said, replacing the Prefs with debt I don't think was a smart capital allocation decision unless they are going to pay off the debt in short order.

[Macpoor]

If Dundee decides to buy the rest of  series B shares , yet have to come with $17 millions . Over 700000 shares outstanding as of last Friday.

[pierrelebel]

"I believe he was referring to the pref shares because he mentioned dividends." Not quite.  From the press release eleven months ago (LINK posted earlier): Dundee (DC.A) has received regulatory approval for normal course issuer bids (NCIB) on three share classes The company may purchase up to a maximum of 7,571,650 Class A shares, 114,916 Series 2 shares and 181,752 Series