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Dundee Corp T.DC.A

Alternate Symbol(s):  DDEJF

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

Post by valueinvestor89on Nov 22, 2023 1:48pm
352 Views
Post# 35748800

A couple of points to consider on the SIB.

A couple of points to consider on the SIB. A couple of points to consider on the SIB. 

1) The prefs are at $25 in the balance sheet so if they fill the SIB they would record a $4-5m gain or 5-6 cents a share equity increase…When you trade at $1 per share and have a "nav" at $2.7 that is not a nothing

2) Prefs are expensive and this would save $2.3m a year, on a $20m investment is a guaranteed 11% return. Not to mention pref interest isn't tax deductable, but in theory we shouldn't be paying taxes anyways.

3) You don't pay down prefs when you feel things are going sideways this is a good indication that management feels ok about it's position. But they need to hurry with asset sales or you are just replacing no maturity debt for real debt which would be dumb. 

4) The prefs are actually a great investment to diversify as well. i own both. 

Hopefully some good news on TaurX soon

 
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