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 > Jon Goodman strategy

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Post by FrozenInOntario on Dec 18, 2024 11:31am

Jon Goodman strategy

Was listening again to the last August Ressource Talk interview with Jon Goodman. Dundee was then trading at 1.41. It is worth a listen or relisten for anyone invested in Dundee.
He goes through briefly reviewing his portfolio highlighting Magna (was then trading at .81) and the other investments. He sure did come across very bullish on Magna. And explained why they sold GMIN.
His main point : non producing juniors are basically trading at 10-20% of NAV. Producers at 80%. You can get at 4-8 bagger. Huge arbitrage and their sweet spot. Did mention that it might be time for Dundee to roll up their sleeves and help bring some to production. This requires capital and this is where they will invest excess cash. Already spent some with the latest Magna placement and Green
As to the stock price and closing the valuation gap : buy back preferred (done), reducing g&A done I would guess after selling Investment Counsel and bringing cash flow in (Borborema royalty). No mention of tender.
Seems clear to me, let Jon compound capital.
GLTA
https://www.youtube.com/watch?v=AZF9tODvauI