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Semafo Inc. T.SMF

Semafo Inc is a Canadian mining company with gold production and exploration activities in Burkina Faso. The company's main operations are in Boungou, Burkina Faso, and Mana, Burkina Faso. Boungou is a relatively new production site that is located in southeastern Burkina Faso. The Mana project, which has been in operation longer, includes the Siou deposit, which is about 20 kilometers from the Mana Mine in Burkina Faso. Semafo has developed exploration strategies for future deposits in West Afr


TSX:SMF - Post by User

Bullboard Posts
Comment by nijinsky70on Nov 27, 2009 9:11am
219 Views
Post# 16529395

RE: RE: looks like 1140 gold should hold today

RE: RE: looks like 1140 gold should hold todayYou're obviously a basher so I'll say that just once.  

In case you don't know, oil and gold are two totally different commodities, one is consumable, one is not - you can figure out which is which.  As a result, every once of gold ever mined is still around since the beginning of history.  The supply and demand rule that applies to oil is not the same as gold.  Gold is basically money and at times like this, we need the kind of money (other than the US dollar) that humanity can trust since the beginning of time.  Hence gold is in demand.  If something is in demand, I am sure even you can figure out that means the value goes up. 

Got it?    
Bullboard Posts