Dundee Corp T.DC.PR.D

In the meantime, Genting is moving up

[pierrelebel]

Trading prices in Genting (the largest shareholder in TauRx) have jumped about 17% in the last 6 weeks from 4.01myr to 4.71myr this morning in Malasia.

Do they know something we do not (yet)?

[pierrelebel]

A few weeks later Genting shares have started moving up again. Closed at 4.90myr today in Malaysia. Speculation. It is all speculation! From a discussion board in Malaysia today: "In addition, Genting has call options in TauRx Pharmaceuticals Ltd, in which it holds 20% of the shares, which is currently developing drugs to treat Alzheimer's disease. It is understood that TauRx has

[Macpoor]

Great news! Although, we are trading under a buck! Cheers

[Catscratch]

Here's some recent commentary on TauRx from a Genting analyst... It is worth noting that Genting has a call option in its 20%-owned TauRx Pharmaceuticals Ltd, which is developing a drug to combat Alzheimer's disease. It is understood that TauRx has submitted its lead investigative drug hydromethylthionine mesylate (HMTM) for consideration for approval in the UK via the Medicines and

[TheCount11]

"It is understood that TauRx has submitted its lead investigative drug hydromethylthionine mesylate (HMTM) for consideration for approval in the UK via the Medicines and Healthcare Products Regulatory Agency." I am skeptical.  Is there a list?  eg Canada has Submissions Under Review (SUR) list while US FDA has New Drug Applications (NDAs) list.

[Catscratch]

I am skeptical as well but I think that's to be expected with drug approvals.  If TauRx is a zero I don't there is much downside for Dundee. But if HMTM gets approval and a TauRx valuation anywhere near US$15B is realized, Dundee's stock will soar.

[TheCount11]

No approvals without submissions... Dundee is a penny stock.  Trades at a fraction of book. Management just issued debt to buyback prefs which is insane considering company has little to no operating income.  Most Dundee "investments" have been a disaster  (starving cattle, chicken coop fire, dying fish, casino, oil and gas, etc).  Given this track record I would

[Macpoor]

Happy New Year TheCount11, Are you still happy with your DC.A investment? Do you still buying at this price? Do you still believe that despite of all bad investment Dundee has been taken , yet Dundee is going to be out of the wood? I keep following Maritime's board . There are few people  who on that board  think Maritime is more worth than 4 cents. We also have Reuion that trade

[jrj90620]

Borborema should provide some income. https://www.globenewswire.com/news-release/2023/08/30/2734833/0/en/Aura-Minerals-Completes-Feasibility-Study-for-the-Borborema-Project-and-Increases-Ownership-Stake-in-Borborema-Inc-to-100.html

[Macpoor]

The Royalties!  We need more deal like Aura . I am thinking the amout of royalty is not mind blowing to attract more investors into Dundee as the share price justify the deal. Johnathan mentioned to derisk the investment with Aura is a good sign .  The gold is now above $2000 . We shall not be under freaking a buck as we have some investment in gold. It is not fair at all.  My

[TheCount11]

Happy New Year Mac! I am unhappy with myself more than anythinng.  Dundee has a history of nearly every investment turning out poorly not sure why I thought TauRx would be any different. My thesis was Dundee 2.0 would give funds that want exposure to jr gold miners a one stop shop.  It had cheap capital in the form of prefs, no debt and traded at a discount to book value! 

[pierrelebel]

"I am unhappy with myself more than anythinng."  Ditto

[Macpoor]

I asked Johnathan regarding paying dividend to Class A shares. He said not at this time. It sounds like  in future paying dividend is inevitable.  Even half of a penny dividend or a third of a penny attract new investors. I was one of those investors who not happy to sell all shares of DPM and  few of you guys mentioned that transcation a right thing Johnathan did. So, I am