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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

Post by rankininleton Jan 12, 2021 1:25pm
246 Views
Post# 32277034

Dundee left ~29,000,000 shares on the table

Dundee left ~29,000,000 shares on the tableIt seems to me like Dundee missed a massive opportunity.  The SIB only took out 14 million shares.  It could have taken out 43 million shares at $1.60.  My thought is the uncertainty of the DPM warrants being exercised caused Dundee to resist the negative cash impact of spending more than the $20 million original SIB. Dundee needs current cash for something which might explain it.  Another explanation could be Dundee believes it can buy the shares back in the future at better prices. Myself, I think an opportunity to spend more than the original $20 million existed and was missed.  At a minimum, Dundee could have bought all shares tendered at $1.40 rather than just 68%.  MASSIVE MISS!!!
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