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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
Post by TOCATon May 17, 2010 9:43am
459 Views
Post# 17104905

Obviously a deal in the works!

Obviously a deal in the works!Why would they raise an extra $80 to $90 million dollars, when they have an over abundance of cash flow.
With drill results out next month on Fobiri the shares were sure to surge ahead before any new mine discision.
It has to be an acretive acquisition.
Bullboard Posts