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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 Sep 07, 2010 5:01pm
464 Views
Post# 17421610

RE: Something's up.

RE: Something's up.It could be simply a rippling effect of Kinross taking out RBI that brought up the interest in West African gold mines.  If that the case, SMF's SP may roll back after the "takeover fever" subsides. 

Who knows?  It could be a case of someone is stalking SMF and accumulating too.  SMF has been trading against the grain before the Kinross/RBI deal was announced for sometime.  So it's quite possible something is happening in the background long before than.  All I know is we should enjoy the ride up while it lasts.  Of course those faint of heart can always get off the bus now and still be counting a handsome profit as it is.  

Stay tune for more to come.   
Bullboard Posts