Dundee Corp T.DC.A

Tax loss carryforward - Forgotten asset

[FrozenInOntario]

It is worth noting that Dundee had, as of December 31 2023,  operating loss carry forwards of $511,326,000 as well as capital loss carry forward of $305,885,000.
Not too sure if their gains on investments are applied against their operating loss or against their capital loss, however, one could assume that gain, if any, from TauRx would be tax free.  As a shareholder, I much prefer to see Dundee realize this gain instead of spinning off TauRx shares to current shareholders, even after an IPO upon a succesfull approval.
Thinking about it, for the first time since he is back at the helm, Jon has excess cash on the balance sheet to invest in mining companies.   While I would love to see a buyback to shrink the float and buy the shares at a discount, the market offers right now a lot of opportunities for investment as juniors appear to be starved of capital.   As I believe that Jon and team expertise is top notch (why else investment in Dundee ?),  I do not mind if they invest this capital in undervalued juniors.   Gee, if they score another Reunion or Magna type of investment, this would be much better than buying back their own shares.
So, adding to my position whenever I can,
GLTA

[TheCount11]

"why else investment in Dundee ?" It was ages ago.  I don't recognize that face in the mirror anymore. I bought a cheap ticket for an adventure.  The boat had everything one could imagine.  Gambling.  Animals.  Fish.  Birds.  Gold.  Silver.  Oil.  Leisure.  Far flung destinations.  I soon realized that ticket was for the

[diggin78]

I jumped on board recently for a similar reason. I got tired of trying to figure out from afar who the most promising developers were. Why not simply invest in a company that has the inside knowledge and has done it before? I learned of Dundee Corporation via dundee precious metals and viva gold. Very happy to have made the move. 

[FrozenInOntario]

Yes, this sector, while showing some exemples of attractive and remarkable returns is littered with failures for a multitudes of reasons, some of them small investors have almost no chance to uncover. I heard Rick Rule mentions that he pays a fortune in consulting fees to assess these risks. We have the chance of getting someone else do the work and paying for it at a discount right now

[Catscratch]

I think Dundee is more under valued today than any time in the past (even though the stock has increased a bit).  The balance sheet is in the best shape in many years and the underlying asset values have generally increase more than Dundee's stock.

[nozzpack]

Maritime Resources ( MAE 6 cents ) , based on its 2022 FS for the ultra high grade HammerDown gold mine which will resume mining in mid 2025, was estimated to generate $47.4 million CAD in free after tax cash flows per year at $1900 US POG. Free after tax = net cash earnings  Exttapolated to $2500 US POG, annual free after tax cash flows become $80 million cad per year which is $400 million

[Catscratch]

Great summary.  Thanks for sharing.  Maritime is one of multiple irons in Dundee's  fire with significant upside.

[FrozenInOntario]

Nozzpack, thanks  for this. Bottom line, Dundee could benefit from Maritime future cash flows if they hold a controllig interest and also provide their quote share of the capital required for the restart.  What type of capital do they require to achieve your scenario ? My corporatie tax knowledge is quite rusty but as Dundee 2.0 is an investment bank which main business is investments