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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 Dec 31, 2010 3:51pm
511 Views
Post# 17913101

end of quarter/ year

end of quarter/ yearYou might as well ignore the last 3 -4 weeks of the year with a company that has had a double/ triple over a 12 month period.

Yesterday half of the normal volume and today 1/3 the normal volume.  Buyers will wait until real late today or early January to buy. Sellers will out number the buyers at year end.  Some of the organized shorts will throw a few shares below the ask to see if they can get a down draft.

Next week they will announce the final quarter results.  Pretty easy to see that this will be a record quarter yet the price drops 25% over the last few weeks. 

$1400 gold, feasibility for underground due shortly and a huge area to explore.  Buy today as it will be going up.

Should be more than $200 million in cash now?

$13.00- $13.50 by end of January

We
Bullboard Posts