Dundee Corp T.DC.PR.D

G Mining

[pierrelebel]

From QI report:

"Reunion shareholders will receive estimated share consideration valued at $0.65 per Reunion common share plus shares of a newly-created gold explorer (“SpinCo”).  The Corporation held 183.3 million common shares of Reunion, representing a 15% interest in Reunion.

183.3 million shares at $0.65 work out to about $120,000,000 or about $1.34 per share!

Now that value is being converted into shares of G Mining. That is good.

In today's Globe & Mail CIBC analyst Allison Carson calls G Mining "proven mine builders execuring on growth".  She raised her one year target to $3.50 - about 60% above current price.

All is good but I still cannot explain why DC.A shares are trading below $2.00.

[Catscratch]

Valuation makes no sense, especially considering net asset value is now growing.  Hopefully Dundee can buyback some stock.

[TheCount11]

Be interesting to see where the stock is at by December.  Its gone pretty much straight up off the late Feb lows and doubled.  No reason the stock won't double again by Christmas.  Investors / Central Banks are bidding up the price of gold.  Sooner or later some Investment Funds are going to start to warm to the fact that Dundee management got the best Jr Mining deal flow

[Macpoor]

I am closely watching  MAE. Definitely is more worth it than 6 cents. Insiders are starting buying. Some insider bought over half million shares today. Please keep MAE in your radar .  Love to see we are around $1,80 by December. I don't want to have high expectation. Cheers

[TheCount11]

$1.80 is not very far from where we are now.  As I have said before I see Dundee as series of big bets of which most are paying off now.  I like that you are closely following Maritime.  From a supply / demand perspective the supply of stock decreases as Dundee buys back shares while different sources of demand push the price up.   According to Refinitiv institutional

[Macpoor]

TheCount11 , DC.A is trading in low volume every day! and that is one of the reason the price is not going higher. I personally love to see we are above 2 bucks by the end of 2024. I have recieved my notice of annual meeting for Dundee. I am joining this year as well. Last year , I did join . I am hoping this time we hear more positive news from Mr Goodman. All the best .

[Catscratch]

Hoping to see more share buybacks and insider buying between now and the AGM.

[TheCount11]

AGM is an excellent opportunity for management to highlight the reason funds should increase investment in Dundee.  With metals prices where they are there is momentum!