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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 > NCIB
View:
Post by pierrelebel on Sep 28, 2023 1:13pm

NCIB

April 10,2023
  • Dundee (DC.A) has received regulatory approval for normal course issuer bids (NCIB) on three share classes
  • The company may purchase up to a maximum of 7,571,650 Class A shares, 114,916 Series 2 shares and 181,752 Series 3 shares, representing 10 per cent of the company’s public float of each share class
  • President and CEO Jonathan Goodman views the purchase of shares for cancellation at current prices as a prudent long-term investment to streamline Dundee’s capital structure, reduce future dividend payments, and return excess cash to shareholders
  • Dundee Corporation is an active investor with more than 30 years of experience making accretive mining investments
=========================================

Five months later, the shares are trading at $1.15.

Why is management not buying?

Comment by tylerreddick on Sep 28, 2023 2:34pm
pierre, just a friendly word of advice. You are too old to be losing money at the rate you have been recently. Picking krappy stocks is a really bad investment idea.  GICs are paying great interest these days.
Comment by Macpoor on Sep 28, 2023 5:59pm
He is asking why the managment team are not buying any shares at this price?  DC.A should be around $3.00 with all assets they own. So that been said , it is not a worse stock out there.
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