Conifex Timber Inc T.CFF

Hope we have 2 Million less shares for Q1 end

[Rational43]

590K purchased in Dec, cash flow only risen since then, so hopefully another 2 million purchased between $1.40 and $1.80 at a significant discount to Book, pushing Book value per share even higher.

That would pretty much max out this NCIB, so I'd like to hear about another one for another 10% of shares for the next quarter.  

At prices like this, it would be nice to see about 35MM shares outstanding by year end.

[dosperros]

They'll cap out on the $5M max at just under 2M shares bought back in the year.  This is the NCIB period at the current price.  They could have done 3M shares at the $1.60/share range this was issued at, but the ensuing +$1 has changed things.  This in isolation can maybe get them from from 47.0M to 44.5M share by EOY. The SIB will not have such limitations as it's going

[Rational43]

It depends on how much they bought when the stock was $1.40 in January, and then $1.80 in February and March.   If they bought at the 600K per month of December, they could have cleared 2 Million shares for about $3.2 - $3.4M. That's why I'm hoping they've already cleared away a few million, and already pushed the BV per share up significantly.  

[Rational43]

Disagree that a reverse auction would drive price to $3.50.  There are always some fools willing to sell incredibly cheap, look at today. Hopefully CFF just pulled off a significant block buy to cancel.