RE:RE:DC.A $1.50Dundee is more undervalued today than ever before. I think Dundee will trade at a discount to book value or liquidation value until the board and management earn back the market's trust and confidence. What's different today is that for the first time in almost a decade Dundee is growing net assets and finally have a rock solid balance sheet. The share price continue to increase as net asset values increase but in the nearterm Dundee will likely still trade at a big discount until market confidence is regained.
They will regain confidend over time through 1. consistent growth in asset values (as we've seen since Jonathan has taken over as CEO) and through 2. smart capital allocation decisions/insiders putting their money where their mouths are.