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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 > Equity per share $3.26
View:
Post by TheCount11 on Nov 14, 2024 2:03pm

Equity per share $3.26

When one of my large holdings has equity per share increasing it puts a smile on my face.  

The sale of 8000 TauRx for $1M USD (this wouldn't be a junior mining Shitco if there were no management stunts) was classified as a Subsequent Event.  Next quarter the "stunt" will meaningfully increase NAV.  Lack of disclosure around this...

Very disappointed a by lack of common share buybacks with stock at over a 50% discount to NAV.  

There is $41M in cash to buyback heavily discounted stock.  Dundee (DC.A) Current Market Cap is $142M.  Management needs to show that they believe in their assets by buying back stock!  If I was running Dundee this stock would never have been below $2.00.  Management needs to regain investor trust and confidence to close the NAV gap.
Comment by nozzpack on Nov 14, 2024 4:35pm
I agree. Absolutely horrible stock promotion. I have juniors buying back shares but not Dundee.
Comment by FrozenInOntario on Nov 14, 2024 4:38pm
One of the problem of Dundee is the lack of a steady source of income.     Borborema will change this starting next year.   83 K oz/gold per year at say 2600/oz would yield them roughly 3.1 M USD / 4.4 M Can per year at 1.5% enough to cover their G&A. In the mean time, they need to keep say 20M in cash to cover G&A for a couple of years.   As well as ...more