Tambourah Metals Ord Shs T.TMB.W

REPLY TO LUMBERFEVERLONG - TEMBEC STOCK CRASH

[modulex]

I would like to point out that Fairfax did not lose on its Fibrek. investment when Resolute Forest Products made the hostile takeover of Fibrek in 2012.  Fairfax bought shares and/or a debenture in Fibrek.  The shares were purchased at $0.50 if i recall well.  Fibrek was issued at $8.00/unit under the name of SFK Pulp Fund in the early 2000, a spin-off by then Abitibi-Consolidated.  Abitibi had a 30% stake in SFK.UN, I believe, and was guaranteed an $8.00 selling price if it decided to sell its 30% stake at any time within X number of years.  SFK indeed bought back Abitibi's 30% stake for $8.00.  SFK.UN dropped as low as $0.50 in 2009 (when a reorganization was announced and at which time Fairfax stepped in buying shares at $0.50 or so).  SFK.UN then rose to almost $2.00 after Fairfax so to speak bailed out SFK.  I am not aware if Fairfax sold all or part of its shares purchased at approximately $0.50 in SFK when SFK.UN rose to almost $2.00, but it made money as Resolute Forest Products hostile takeover of Fibrek was for a combination of $1.00/share and RFP stock.  I would ill-conceive that Fairfax has stepped in Tembec at $2.25/share and would want to take a loss in just a two months period of time, so far. Fairfax has stepped in Tembec to ensure that its 20% stake along with Steelhead Partners and Oaktree, namely, would ensure a sufficient number of shares to eventually gain control of Tembec.  Again, as per my checking on TD WATERHOUSE website, Tembec's book-value is $2.19/share.  Jim Lopez, CEO, bought shares at $2.90 in December 2013, for a personal investment of nearly $300,000.00.  Tembec's stock rose at most to $3.40 afterwards.  Did Mr. Lopez sold all or part of its shares in that move to approximately $3.40?