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Dundee Corp T.DC.A

Alternate Symbol(s):  DDEJF | T.DC.P.B | DNDEF | T.DC.P.D | DNDPF

Dundee Corporation is a Canada-based holding company. Through its operating segments, the Company is a mining- focused investor primarily engaged in acquiring mineral resource assets. Its segments include Corporate and Other Portfolio Holdings; Goodman & Company, Investment Counsel Inc.; Dundee Sustainable Technologies Inc.; United Hydrocarbon International Corp., and Dundee 360 Real Estate Corporation. Corporate and Other Portfolio Holdings segment invests in public and private equity and debt securities in diversified industry segments. Goodman & Company, Investment Counsel Inc. includes the activities of Dundee Global Investment Management Inc. Dundee Sustainable Technologies Inc., a 78%-owned subsidiary developing patented sustainable precious and base metals extraction processes. United Hydrocarbon International Corp., an 84%-owned private subsidiary engaged in oil and gas exploration through the holding of a royalty interest in the Republic of Chad.


TSX:DC.A - Post by User

Bullboard Posts
Post by Catscratchon May 15, 2020 9:08am
242 Views
Post# 31032245

DC.A Targets: M Partners @ $2.60 & Jim Roumell @ $3.30

DC.A Targets: M Partners @ $2.60 & Jim Roumell @ $3.30The note below was shared by Jim Roumell on Seeking Alpha... M Partners has a $2.60 target (+226%) & Jim Roumell has a $3.30 target (+286%)

Andrew Hood's M Partners Report issued today:

 

Our current core book value analysis indicates a target price of
$2.60/share, in line with our previous analysis in August 2019 but
with significant improvement in margin of safety considering we
estimate $1.55 in cash/share following the sale of DPM and
repayment of $10.1M in debt drawn in Q1. While this was a tough
quarter for Dundee Corp. and the business is not immune to COVID-19, we believe that its exposure to mining will serve DC.A shareholders well in the near future, and with the massive cash injection from the sale of DPM, the current share price's discount to our core book value is even more unjustified. In these uncertain times, cash is king.
Bullboard Posts