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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 Dec 28, 2010 9:06am
388 Views
Post# 17898316

RE: Gold Price come back to 1400$

RE: Gold Price come back to 1400$Let's wait and see how this plays out.  

SMF seems to be deliberately held back since it popped over $14 back in the first week of December.  If these market manipulators continue to play their dirty game it's no telling if SP will even move at all.  When investors see that a pop in the POG fail to lift a stock they'll exit enmass. 

Worst still, if investors think that SMF is now "range bound" between $11 (the bottom SP of late) and perhaps $13.  That means the end of any further SP advances.  Kinross and Yamana are both so trapped for a long time.  YRI seems ot have broken through the $11 ceiling but K still has problem regaining $20.  I feel so lucky that I sold all my K shares at $23 before it fell and got trapped under $20 for what seems like an eternity.  

Perhaps I worry too much and SMF will not suffer the same fate as K and YRI.   

Let's hope for the best.  Damn, the market should not be closed today! 
Bullboard Posts