RE:Which way to play Tau? KLSE or DC.AYes, there is a lot more torque with Dundee than Genting related to TauRx. Dundee is just so small, unknown and the history and control through multiple-voting shares scares off most institutional investors.
I'm getting comfortable that TauRx is not a zero. It seems that they have an effecitve and safe drug (95% of people on the HMTM study elected to continue to take the drug after one year). I think the best case scenario is HMTM gets approved this year and worst case scenario is TauRx needs more capital (dilutes investors) to revise the study approach to satisfy regulators and gets approval inside three years. Either way not zero and probably worth much (much?) more than Dundee's current carrying value. The upside on TauRx to Dundee if the TauRx valuation is anywhere near your estimates (guesses?) is mind boggling.