Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:SMF - Post Discussion

Semafo Inc. > I'm buying

View:

Post by tony1969 on Feb 04, 2020 6:17pm

I'm buying

Bought another 15k shares today US at an average of $1.937. SMF has said it has been in talks with MacQ over their debt. I think MacQ will continue to be flexible. Last financials showed SMF had $78m in cash and $111m in debt. So I guess they can easily pay the $15m they owe in this installment but would like the best terms possible after the incident. Once the temporarily closed mine opens they should be printing cash with gold over $1550 and AISC probably somewhere around $500 to $600 or so..Now long 30k shares at $1.95 US and would love to at least double that on weakness...glta. .

266