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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
Post by TOCATon Mar 13, 2013 11:19am
332 Views
Post# 21122588

Big volume trader

Big volume trader

this is an institutuional stock there are some positions being built for the long term. Others seem to be re-positioning.  There appears to be 2 or 3 large crosses. While quite a few are holding. I think I'll just hold for 15 or 16 months. The Siou should be operational by then and there is nothing wrong with the operations up until then. I don't think Samira adds much to the bottom line and hence the lower capital spending and write down shouldn't hurt the income statement too much during that period. Could Samira be moved to Yaho?

Bullboard Posts