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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 Jan 31, 2012 10:50am
350 Views
Post# 19469347

RE: Agree

RE: Agree

I agree with you especially K.  This is a gold stock on the msut avoid list.  Tye Burt was too interested in "empire building" overpaying for everything in sight and does not have a clue on how to do any "empire ruling".  As a result he badly diluted shareholder value in K and flooded the market with over 1 billion shares outstanding.  WOW.  This guy knows about QE2, him and Bernake must be classmates.  LOL.

 

I grudgingly sold my remain 10,000 shares of SMF at about $6.94.  The way SMF is falling it looks like there will be 3 days of panic selling (remember the good old days of bad news lasts for three days?).  I did not get a good price to get back into GBG either (I paid $1.31).  Anyway, let see if this switch take me.  Who knows I may even regret this tomorrow.  Investment is about projections, we all take chances once we made teh bet. 

 

Good luck to the SMF longs. 

Bullboard Posts