West Fraser Timber Co Ltd T.WFG

same space - undervalued significantly

[drd8]

GFP - greenfirst - ex fairfax, backed by senvest (made 700m on Gamestop)

 Cash free / debt free transaction with ~C$229 million payable in cash and ~C$40 million payable in GreenFirst shares assuming an aggregate purchase price of ~C$269 million Cash consideration of ~C$229 million to be funded by a ~C$147 million committed term credit facility provided by a New York based investment fund and a contemplated rights offering, of which ~C$94 million is backstopped by Senvest Management LLC (including its related parties and affiliates, “Senvest”) Senvest minimum investment of ~C$63 million, including a right to appoint an independent board member ~C$25 million ABL provided by the New York based investment fund and Senvest, which is expected to be replaced by a ~C$63 million undrawn ABL prior to closing

[dosperros]

Wrong board, but this is going to be a show me story. Even the established and running names (WFG and IFP) are undervalued by any objective metric. Yes, these GFP assets are more so on a capacity basis but it's because the legacy Tembec mills are perhaps the highest cost operations in NA and need serious capital. So you will get project risk and volitality should lumber retreat from historic