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Bullboard - Stock Discussion Forum 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... see more

TSX:DC.A - Post Discussion

Dundee Corp > TaurX
View:
Post by valueinvestor89 on May 26, 2022 2:15pm

TaurX

https://www.prnewswire.com/in/news-releases/taurx-s-late-stage-clinical-trial-reaches-new-milestone-893482727.htmltaurx press release here

We should expect some big news in the next few days with regards to the phase 3 trials of TaurX (alzheimer's cure/delay). The carrying value is $35m and it owns about 4% of the company. 

The top line results of the trial come out at the end of may which will give us a good idea if the investment is worth $400m or 0 at our share. in 2016 the thought were that Taurx will IPO at $15bn USD so the $400m i made up for illustrative purposes is based on an $8bn valuation or half of the original expectations.

Worth adding units in my opinion now as i've always internally carried TaurX as 0 and can participate in the upside if the results are positive.
Comment by Catscratch on May 26, 2022 7:37pm
DC.A's share price is reflecting no value for Taurx so I think it's a heads you win / tails your don't lose, situation. Fingers crossed for some positive results but not holding my breath.
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