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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 truestaron Feb 17, 2009 9:46pm
677 Views
Post# 15785273

RE:WHAT IS HOLDING THIS STOCK BACK

RE:WHAT IS HOLDING THIS STOCK BACK

There are a few things holding this stock back, of which include:  year end financials, overperforming before running to 2.10, and time.  Due to the previous miscues there still needs to be some continued positive results to build on the good faith.  Assuming gold only gains modestly this stock should still be $5.00 within 18 months.  In that time hedges will be closed, profits will continue, and exploration will show much more gold in the Wona Nyafe extension, ( near the Mana mine).  My belief is that SMF will be taken out in the 4.00 range in the near future or do anothe financing and take someone else out very soon.  They are still in the running for the Teparko mine, and if gold runs, could move the stock significantly higher towards the 10.00 mark.
Bullboard Posts