RE:RE:RE:RE:RE:Steal for $4I should really be a lot happier about a 28% daily move in one of my biggest positions. Unfortunately, this is an opportunistic move by management. $3.82 in stated tangible book last qtr, add in .20 cents in earnings for the fourth qtr, equipment that was once independently valued at 50 mil above carrying value. Property in Ft. St John depreciated down to 17mil. With their recent announcements and project runway they could easily be cash flowing $1/share over the next couple of years. I realize that this is a small cap company in a cyclical business that won't command a premium valuation, but $4 is a little crazy. Not sure if we can expect another suitor, but hopefully the minority shareholders can turn this down and apply some pressure for a higher offer.