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

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Dundee Corp > Substantial Bid For DC.pr.d

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Post by Macpoor on Mar 02, 2024 2:17pm

Substantial Bid For DC.pr.d

So Scota itrade updated its system now. DC.PR.D has over 700000 outstanding shares.

Intial public offering was $25.00 . We still have over $17 million in debts regarding DC.PR.D , plus we have to pay over $1.5 millions to investors in terms of dividend annually.

We also have over 1 million shares of DC.PR.B . It costs Dundee over $1.3 million in terms of divdend .

That been said , Dundee has over $55 millions in long term debts . As of September , 2023 totall cash is over $25 millions

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Comment by pierrelebel on Mar 02, 2024 3:29pm

Macpoor - Not sure where you get your financial information but... you should look for a new source! At September 2023 Dundee only had 5.53 million in debt, not 55 million. Preferred shares are equity, not debt. For information I suggest reading the actual Dundee financial reports HERE

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Comment by Macpoor on Mar 02, 2024 5:53pm

Pierre, as you mentioned in the past , Dundee had to borrow money in order for Substantial bid for DC.pr.d Doesn't that $20 millions borrowning for substantial bid consider as debt? Thanks

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Comment by pierrelebel on Mar 02, 2024 6:33pm

Yes but that borrowing was announced in November and the debt was not included in the September 30th 2023 financials. At that time, as stated in the financials, the debt was only 5.5 million, much less than the cash on hand.

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Comment by Macpoor on Mar 02, 2024 7:39pm

Pierre, looks like the number is not good for Q4. As reunion and Maritime are down. Should we hear any news from Taurx in this week?

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Comment by pierrelebel on Mar 03, 2024 9:26am

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Comment by pierrelebel on Mar 04, 2024 3:05pm

Macpoor wrote "... looks like the number is not good for Q4. As reunion and Maritime are down. " Actually both were trading on December 29th at the same level as September 30th. So the "price to market" should not affect the financial results for Q4. Also the value of the investment in Maritime is so small as to be largely irrelevant.

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