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 Mana Mine in Burkina Faso. Semafo has developed exploration strategies for future deposits in West Afr

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Semafo Inc.

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Comment by truestaron Apr 04, 2008 1:44pm

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Post# 14939585

RE: TAKEOVER

Let's not get greedy now. Although I do agree the company is worth at least $1B, this would likely be a price everyone would accept at today's gold price and without a solid year behind them. If the 1st month's numbers are decent, we should see a pop to over 1.70. If they can put up a good Q2, likely 2.50-3. I would think this trend would continue as long as they can deliver.

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