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.

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Dundee Corp > Blue Goose - Conservative NAV estimate

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Post by valueinvestor89on Aug 30, 2021 10:44am

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Post# 33781328

Blue Goose - Conservative NAV estimate

With the blue goose sale i update my personal NAV estimate. Would love to hear what you would change from this or what i'm missing.


Cash on Hand	90
Blue goose net of corp debt	28
Net proceeds from eight capital loan	13
Public Securities adj to today's price	97
Total safe assets	222
Preffered shares = series 2 - assuming $23	-26.43
Preffered shares = series 3 - assuming $23	-46.39
Total net assets	149.18

S/O	87.8

Safe share price	1.70

Extras
Android	20	high technology car assembler in michigan…..decent profit and cash flows…issues with supply chain temporarily.
Taurx	50	alsymers potential cure..in ph3…next results exp in summer 2022…could be worth 200 or 0
debt securities	23	various…ussually 10% interest
United hydrocarbon	10	carried at 24….long shot ..jr exploration company of oil and gas…gets a 20m bonus if they achive commercial production at DOBA Basin…30m on another…+ royalty…likely need oil above 70 for this to make sense..trading around 65-70..oil is trading at the highest in 5 years...
Total Other ok assets*	103

Total Other ok assets per share	1.17

Safe + ok assets	2.87
*own another 75m of other assets that are bad and unlikely to be recuped

Current share price	1.54
Upside	87%

Downside price	1.37	Safe Assets + Security values drop 30%
downside	-11%