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Semafo Inc. T.SMF

Metals & Mining Industrial Metals & Minerals
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

Semafo Inc.
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Comment by nijinsky70on Feb 28, 2011 3:24pm
419 Views
Post# 18206753

RE: RE: Reserves Update

RE: RE: Reserves UpdateThis makes absolutely no sense.  SMF is now in the deadbeat group of gold stocks lead by Kinross.  We are both down 2% today and SMF just reported an increase in reserves at Mana!!!  What is going on in here???  Can you image if we have a decrease in reserves?  LOL.

I can see a no gain in an overall down day for gold stocks, but losing 2% (same as deadbeat Kinross) on good news?  Man oh man what happens???
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