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Dundee Corp T.DC.A

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

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 valueinvestor89on Nov 22, 2023 1:48pm
253 Views
Post# 35748800

A couple of points to consider on the SIB.

A couple of points to consider on the SIB. A couple of points to consider on the SIB. 

1) The prefs are at $25 in the balance sheet so if they fill the SIB they would record a $4-5m gain or 5-6 cents a share equity increase…When you trade at $1 per share and have a "nav" at $2.7 that is not a nothing

2) Prefs are expensive and this would save $2.3m a year, on a $20m investment is a guaranteed 11% return. Not to mention pref interest isn't tax deductable, but in theory we shouldn't be paying taxes anyways.

3) You don't pay down prefs when you feel things are going sideways this is a good indication that management feels ok about it's position. But they need to hurry with asset sales or you are just replacing no maturity debt for real debt which would be dumb. 

4) The prefs are actually a great investment to diversify as well. i own both. 

Hopefully some good news on TaurX soon

 
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