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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 nijinsky70on May 17, 2010 12:06pm
353 Views
Post# 17105724

RE: Definition.....

RE: Definition.....Well usually buying such a company (a company that's more profitable than you are) would command a substantial premium.  If so, SMF's SP would take another beating since it would be the acquirer and all acquirer's SP is automatically beat up for no reason at all. 

I would just hope they needed this money for developing the hugh reserve they are about to announce on Mana.  [I can dream in technic colour too].
Bullboard Posts