RE:when does q2 2021 drop?These wet dreams about $8//share, someone was predicting $5/share before.
The lower the lumber prices, the higher the value of the company?
Guys from GFP bought six mills at the top of lumber prices for US$185/MMfbm, what will translate to US$44M for Conifex, back in April, let's say it's C$44M now, considering that lumber prices are still falling.
Same for power plant 3xEBITDA (I might be off here, but this is what ATP was bought for) equals C$42M.
Total for eveyrthing is C$86M.
According to my napkin calculations CFF is overpriced right now.
The bigger problem is no lumber company wants to purchase a power plant and no energy company wants a lumber mill.
And Ken can't sell those two seperately, otherwise he would do it a long time ago.
And you can't replace Ken with decent CEO either, because who wants to be a CEO of one mill and one power plant in god knows where Mackenzie BC?