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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 Mar 01, 2011 10:58am
405 Views
Post# 18211792

RE: New target prices

RE: New target pricesThis is the simpliest trick in the market.  With low volumes (I assume the real investors are sitting tight and not selling) these clowns are selling to themselves back and forth and drive down the SP.  This nonsense will only stop when someone with deep pockets, like a fund manager, decides to build a big position in SMF by buying up everything in sight. 

When that happens, the snowball effect will kick in, SP will go up, and the short covering will start.  The avalanche effect will be nice to see when that happens.  The shorts will be severely burnt. 

I predict that will happen when SMF releases its YE/Q4 results (did I hear March 14?).  There is no defense again great earnings.  I count the days towards that date. dhhm
Bullboard Posts