Dundee Corp T.DC.A

Wonder what this TauRX investment is worth

[jrj90620]

Looks like DC put about $30 million into this.Sure is a long term investment.Hope it works out well.
https://www.fiercebiotech.com/biotech/taurx-pharmaceuticals-receives-10-5m-follow-on-investment-from-dundee-corporation

[jrj90620]

Say they will issue stock/go public at the appropriate time. https://taurx.com/about/collaborations

[Catscratch]

Difficult to assess the value today for sure.  If TauRx receives approvals for a successful alzheimer's drug, TauRx' value could be very significant but they aren't there yet. It's interesting to look at Genting Group's stock yesterday.  Genting owns 20% of TauRx and Genting's market cap increased by 2 billion RM yesterday on the TauRx news (equal to CA$580M

[valueinvestor89]

that's a great comparison of how a large company with presumably a larger and more educated investors base values this milestone. that increase will be equivalent to over $100m or over $1 per share at Dundee Corp's share. 

[pierrelebel]

"that increase will be equivalent to over $100m or over $1 per share at Dundee Corp's share." You are correct.  The Genting capitalization increase in value on the Malaysian stock market works out to a bit more than $1.10 per DC.A share It may take a while for Canadian investors to take out their calculators and do the math! Investors interested in keeping track in the share