RE:RE:RE:Q4 - Conference CallI would add:
- no big upgrades until completion of Timber Supply Review, which should be somehwere before 2024
- they knew in December that it can take upto 5 months to fix Power Plant, didn't report that. Meh. Plaant was down almost 3 months.
- so no big plans for now, just accumulating cash and doing buybacks.
- Ken thinks shares were 30% undervalued, they were buying mostly in $1.5 range, so is fare value $2.15 according to Ken?
As I understood, they are expecting lots of cash in 2021: power plant insurance, duties refunds, higher profits from lumber because of lower deposits rates (from 20% to 9%) and more production, and power plant is online now.