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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 Jun 20, 2011 4:50pm
233 Views
Post# 18740133

RE: No reason for these low prices

RE: No reason for these low pricesAngelEyes:

Paying a dividend or doing a share buyback has been refused by Benoit Lasselle for reasons that the cash on hand is needed for business developments.  For this noble reason, he would rather see the shorts ravage this company and watch the market parasites erode our shareholder value daily.   

Well, he made that call and if we don't like it we can sell and get out - at a fraction of what we pay for our shares.  This is quite a conundrum isn't it, fellow trapped SMF shareholders? 
Bullboard Posts