RE:NewsOh, man. Damm it Don. The Market is NOT going to like this. Sometimes you gotta try and score to goals to win the game, brother. Playing defence is smart, but it can't all be D.
What were you doing sitting on a slew of assets that are totally peripheral to your business and missing the M+A bonanza? You could diversify to any number of places: the IFP PNW ops; the stud mill TMB give away to RFP; SA, Oceania, the list goes on.
These are all capital hungary assets, but your inability to pull the trigger speaks to a horrible and more cutting truth: you can't run lumber mills right. Sure, a WFT is a gold standard, but come on.... you gotta at least have a rough idea after all these years??? Can't you at least be as good as Conifex?? Freakin Conifex?? Jeebus.
All good you're rationalizing the structure, but it sure ain't gonna drive this SP up. I'm sidelines but perk up seeing junk like this becuse it paints a more compelling short case.