Q: Western forest Products just made a deal to sell 14.500 hectares of forest land to Eastwood Forests. Considering that wef's debt is around $83 million (could you confirm that please) I would call the transaction substantial from WEF's perspective. Do you agree? WEF says they will use the funds to reduce debt and invest in equipment that will allow them to make higher value wood products, such as another kiln. I never sold my small position in WEF but this might be the catalyst to move it up a smidge. Do you agree or do you think this transaction is going to hurt wef in the future since they will have to buy their logs instead of harvesting them from their own land?
5i Research Answer:
It will take debt down by a big chunk, but we would also note WEF last week outlined a 2025...