RE:RE:RE:Expectations from Next Week Oh, I remember a couple years back (I don't think it was you?) someone saying they owned like 1% of Conifex and that was when the share price was around $3 I think? Anyway, Ken may feel obligated to try and get the s/p back to that $6 range they did the offering at. This is the best chance in the current market climate, but still extremely unlucky - although totally possible with any reasonable pickup in volume really.
It was amazing how quickly this stock plummetted from $6-$2 and then from $1.40 to $0.25 cents with US milll and bankrupcty looming. Once that debt was wiped out however, the biggest risk factor was out the window and this stock was extremely undervalued in the $0.30 cent range. It still is just based on the assets (should be $2.50 - $3.00 IMO) and likely more since the last two months of skyrocketing lumber prices.
Prices up again today into the 600's with no end in sight. The market conditions are perfect in every way for lumber to continue climibing. Low rates, new housing starts, lumber shortages, home renos during covid, mills curtailed in the earlier part of the year.
All the stars have aligned. It's up to the management and the board to now do their jobs and return value to shareholders of the company. I'm kind of suprised this has stagnated with lumber prices still going up. Other players have been kind of the same though, RFP / WEF.
Hold onto those shares though, the thing is you never know when it will start that rocket upwards and by then it's usually too late to buy those cheap shares. I have a ton of shares from $0.30 cents, but bought more today at $1 based on the market conditions... should tell you something.