Conifex Timber Inc T.CFF

Alternate Symbol(s): CFXTF

Forest Products Lumber & Wood Production

Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Its lumber products include J-GRADE, 2 AND BETTER, SELECT, STUDS, ECONOMY and 3. The Company operates a two-line sawmill in Mackenzie, British Columbia (the Mackenzie Mill). Its Mackenzie Mill has approximately 240 million board feet of annual lumber capacity on a two-shift basis. It operates a 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the Power Plant), located at the site of its Mackenzie Mill. Its Power Plant's output capacity is in excess of 230 gigawatt hours (GWh) of electricity per year.

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Conifex Timber Inc > A closer review

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Comment by pozirkon Jun 20, 2024 11:42am

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Post# 36098008

RE:A closer review

All these amazing assets pale in comparison with one big liability: Ken Shields.

The guy bought back 4 million shares in 2021 at $2.25 and now issues 3.6 million warrants at $0.75.
It's a more than $5 million loss for the company.

He issued $0.20/share dividends in 2022, wasting $8 million. He is now out of money and needs a 14% term loan to survive.

CFF management is totally incompetent.

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