AGMFor those of you who are carefully pondering how you will vote your proxies, here is something to think about.
Since inception in 2008, Ken et al have issued about $307m in equity and in accounting terms have destroyed $191m of that.
60%+ of shareholders money lost.
Stripping out one time gains and losses (Canfor, Dunkley, Fort St James and US mills as well as the sale of lumber duty refunds) you arrive at a pretty substantial operating loss for the last twelve years. And virtually all of this is post 2008 GFC and prior to the 2020 pandemic, in other words in a generally growing economy.
Which board members oversaw all of this, particularly the devastating US adventure, and do they have the competence to oversee the future of this company?
Happy voting!