Conifex Timber Inc T.CFF

Buyback

[ValueCap]

12 500 shares a day not including block trades. Starts December 1

[dosperros]

Saved by the bell.  12,500/day gives the ability to exceed the share count max of 2.9M.  At current prices it's well under the $5M range -- we are only going to clock in at $3.1M at current pricing.  However, as we know, pricing is likely to rise rather dramatically. I was worried we'd get sandbagged by low share counts.  Using the avg of 50k isn't ideal but it is

[hawkowl1]

I have seen many companies announce buy backs and never execute one. WEF is one example..Announced one in August.. shares peaked in August and then slid down to .84 cents from $1.30. So dont count on it..  Companies who announce a NCIB and dont follow up are skum

[horseshoefalls]

True, but if the price moved up to $3, does it still make sense to buy shares at that point?

[dosperros]

I think so, barring better uses of capital. It's all about the intrisic value of the company.  We've valued this at length.  It's an easy $3-$4 in regular cases once it's de-leveraged, stabalized, and running well.  That excludes the upside of a susatined $500/mfbm lumber envrio, where this coukd easily be worth north of $6.  No point rehashing the valuation

[horseshoefalls]

Big volume again this morning (well big for CFF). Will be interesting to see if any news comes out of this or if something is going on behind it.

[dosperros]

Not comparabe situations at all. WEF had host of ugly black swans, chiefly the strike.  CFF can spend up to $5M on this.  They make 3x that on annuity power revenue.  They have the cash on hand. Moreover, they have a massive discount to book value.  Thus the impetus.  WEF's discount to book is less acute.  CFF books is $2.50.  WEF book is $1.25. The