Dundee Corp T.DC.A

@ the Bell: Energy comeback boosts the TSX

[Jonathon Brown]

The TSX climbed on Friday with the energy market leading the way tracking higher crude oil prices. The mining sector was a close second. read article.

[Jonathon Brown]

The TSX ended flat on Thursday, a day after a steep drop on the Bank of Canada’s move to hold its interest rate steady. read article.

[Jonathon Brown]

As everyone races toward the finish line, let’s take a look at some of the stocks that are standing out from the rest. read article.

[Catscratch]

The broker doing most of the buying yesterday and today was Eight Capital which used to be owned by Dundee.  So presumably they have pretty good intel.

[pierrelebel]

DC.A trades less than 45,000 shares in a typical day . Over 1,000,000 shares traded on the TSE combining today and yesterday (well over 500,000 each day). Someone is selling and someone is buying

[Macpoor]

I am very happy the price of gold has been passed over $2000 mark , so does Barrick Gold share price. As DC.A is not going anywhere for now, I decide to buy Barrick Gold on margin account. So far I

[TheCount11]

"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

[jrj90620]

50 million shares at .12=$6 million Canadian.DST gotten some contracts lately and stock has doubled since bottoming in June.

[Macpoor]

Hi Catscratch, thank you for your post! I attended Annual meeting this summer. As I was talking to one of the board members , he told me that Agrimarine is gone. ( Maybe they give away  those

[Catscratch]

Everything other than mining... bigger legacy investments are: Android, Dundee 360, Agri-Marine, TauRx (I think they'll hold this until a regulatory announcement) and there is a little bit of Blue

[Macpoor]

What would be the  non core assets? TauRX? Android Industeris?  On Dundee's website , I do not see anymore non core assets. 

[Catscratch]

Thanks.  Insightful post.  I can't see management and board doing this pref buyback/recap without having high confidence in an asset monetization event in the near future.

[Macpoor]

Good call Valueinvestor89! Thank you!

[valueinvestor89]

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

[Macpoor]

The market did not care much to the news!  As Catscratch mentioned , we hope this loan make them to sell some non core assets.

[Catscratch]

Because they have $3M in quarterly head office general and admin costs.  They fund these costs with cash to keep the lights on.

[pierrelebel]

The $20,000,000 loan may be temporary but the question remains why borrow $20,000,000 at a minimum of 9.15% per year when the corporation is sitting on over $25,000,000 in cash (and equivalent

[Catscratch]

It seems clear that Dundee's plan is for loan to be temporary as it designed as repayable without penalties.  Crealy they had an opportunity to buy two big pref share tranches so wanted to