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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 truestaron May 27, 2008 6:25pm
195 Views
Post# 15116143

SHORTS DOWN 50%

SHORTS DOWN 50%
ALTHOUGH THE SHORTS ARE DOWN 50% THEY ARE STILL PLAYING THEIR LITTLE GAMES TO TRY AND COVER WITHOUT PUSHING THE STOCK UP-THE REALITY IS THAT TIME IS ON OUR, (THE LONGS), SIDE AS PRODUCTION CONTINUES TO GROW, THE HEDGE GETS FINALIZED OVER THE NEXT 1 AND 1/2 YEARS AND THE RESOURCE WILL CONTINUE TO GROW WITH FURTHER DRILL RESULTS-THESE GUYS OWN 70 KMS OF SIMILAR STRUCTURE TO WONA-NYAFE, (THAT COULD BE A LOT OF GOLD), AND THEY ARE STARTING TO GET THEIR ACT TOGETHER.
THIS STOCK COULD BE $10.00 WITH JUST A FEW THINGS GOING THE RIGHT WAY.  EVEN AT $10.00 WE ARE ONLY TALKING 1.5B MARKET CAP-NOT THAT MUCH IF THERE IS 10-15M OZS AND PRODUCTION GETS TO 300,00 OZS WITH A $500 SPREAD.
Bullboard Posts