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Dundee Corp T.DC.A

Alternate Symbol(s):  DDEJF

Financial Services Healthcare Technology Asset Management Gold Silver
Dundee Corporation is a Canada-based holding company. Through its operating segments, the Company is a mining- focused investor primarily engaged in acquiring mineral resource assets. Its segments include mining investments, mining services, and corporate and others. Its asset base includes investments in precious and base metals projects across four continents. Its subsidiaries include Dundee Sustainable Technologies Inc. (Dundee Technologies), Dundee Resources Limited, and Goodman & Company, Investment Counsel Inc. The Dundee Sustainable Technologies Inc., a 78%-owned subsidiary developing patented sustainable precious and base metals extraction processes. Through the development of its patented processes, the GlassLock Process and the CLEVR Process, Dundee Technologies extracts precious and base metals from ores and concentrates, while stabilizing contaminants such as arsenic.


TSX:DC.A - Post by User

Dundee Corp > United Hydrocarbon Value
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Post by Catscratchon Feb 03, 2022 12:40pm
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Post# 34393656

United Hydrocarbon Value

United Hydrocarbon ValueI would be curious to better understand the value of Dundee's investment in United Hydrocarbon today.

When UHIC was sold to Delonex in exchange for some cash and a royalty in September 2017 the royalty was valued by Dundee at $168M (after non-controlling interest). At the time Brent was ~$50/bbl.  Today Brent is ~90/bbl and the royalty asset has a carrying value of $19M at Sep 30, 2021 (after non-controlling interest).

Either there were some very material flaws in the 2017 valuation or the asset is significantly undervalued today (perhaps both).

Any thoughts or estimates?
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