RE:RE:RE:Over 24 monthsA company like Dundee is the toughest kind of stock to own. It's going through a restructuring with a lot of pieces whose values are uncertain. Until that process is complete it will be extremely volatile. You need nerves of steel to own this one. The payoff is you can make 3x 4x or more. In a few years the stock could be over $10 if a few things go their way.
Bankruptcy is unlikely in my opinion. The debt that Dundee holds is all in the form of preferred shares which have no maturity date, except for the E shares. And those are exchangeable for common shares at $2 if the company feels it can't pay them off in cash. And if necessary, they can suspend the dividends on the prefs. In any case, it seems unlikely to me that the E shares will be redeemed in any large amount because they pay 7.5% and can be redeemed by the holder whenever they want. That will anchor the price around $25. With the price locked at $25 people can simply collect their large dividends without much worry.