Post by
TheCount11 on Aug 14, 2024 9:03am
Big Changes
Ever pick up a book and have been absolutely wrong on what you thought was happening.
That is Dundee for me. I am clueless when it comes to this company. I thought Reunion (GMIN) was a core holding with an IRR of 34% and reserves totaling 2.0 million ounces at 1.31 g/t.
Don't get me wrong I am happy that Dundee made a profit off the sale. I just don't know why so much was sold now.
Is redeeming pref shares better than holding GMIN?
What is the Dundee story now?
Comment by
pierrelebel on Aug 14, 2024 9:45am
"What is the Dundee story now?" My guess is: Step 1) Raise cash, lots of it (sale of G Mining) Step 2) Clean the balance sheet (redeem all preferred) Step 3) Go private What I do not get is why some folks are selling their shares this morning at $1.40 or elss. It makes no sense.
Comment by
TheCount11 on Aug 14, 2024 9:49am
Interesting! Going private would be a very dirty move with TauRx news around the corner.
Comment by
TheCount11 on Aug 14, 2024 11:08am
I am not that smart...can you dumb it down for me?