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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 westhecaton Jun 19, 2010 7:07pm
620 Views
Post# 17204824

Solid

SolidMy post from last week below.


https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=28325092&l=0&r=0&s=SMF&t=LIST


I went fishing for a couple of days and came back a very happy man. Not because the Salmon were taking but because the drilling results were so good.

I thought that $9.00 would come once the prefeasibility was announced. Maybe that comes next week. End of June is a bad time to release big news because a lot of the players check out for the summer and the checkout starts the last week of June. It should come next week.

A very positive Pre Feasibility with another set of good results will move the price again. We're only two weeks from the quarterly production numbers. If they produced on plan they this will be one of the best quarters on record. Their average selling price will be at least $75 oz higher than last quarter. Remember that their last quarter numbers would have been better but they had 2500 ozs that didn't get credited.

They have developed some credibility, keep meeting expectations and the market will respond

I've said this is the next Redback. Hope I'm right.

Wes
Bullboard Posts