Dundee Corp T.DC.A

The Big Bet on Big Bets

[TheCount11]

Hat tip to Cat for pointing out the Big Bet that Daniel Herr made on Dundee which in itself is a series of Big Bets.  His fund somehow managed to buy 13,072,091 shares representing 15.2% of the company as of March 31, 2024.

The FDA updated Alheimers approval process. 

Gold is hitting records.

Other elements in the period table rip.  I felt like I was in the twilight zone with my very oversized Dundee position.  Was I the only one who saw that the reward to risk was off or was I wrong?  Risks can change quickly so maybe I missed something? 

While I do not know anything in particular about the Pointillist Global Macro hedgefund nor Daniel Herr, I take comfort in knowing that their 15.2% position is somewhat illiquid so they likely did their homework before buying a big stake in a series of big bets.

 

This big bet could payoff spectacularly well for Daniel Herr and his investors! 

[pierrelebel]

"His fund somehow managed to buy 13,072,091 shares representing 15.2% of the company" We know the buyers.  Who were the sellers?  There has been no volume on the stock exchanges on DC.A to account for 13,000,000+ shares.

[TheCount11]

That's a very good question with no easy answer.  How could they accumulate so much so quickly with moving price much?

[Macpoor]

Great post!  Thank you!