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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 Jan 12, 2011 5:41pm
376 Views
Post# 17962481

RE: RE: 079 and 001...

RE: RE: 079 and 001...My take on what Benoit Lasselle has left to play are:

1.  the Mana driilling results
2.  the guidance for 2011

Benoit already play a big one - the record production for 2010 and the insinuation that the 2010 financial results are going to be great by hinting that they have always done bettter than the average London metal price for gold.  

My guess is that he's waiting for the right moment to strike.  For me that would be a day when the price of gold pops.  He'll use one of these two remaining "bombs" to "nuke" the shorts.  Good news and gold price jump - a deadly combination for the shorters.      

Today is not a good day to use one of the "bombs" since the sentiment for gold stocks is low as indicated by the down day results for most big gold stocks - Barrick, Goldcorp, Newmont have all closed slightly lower.
Bullboard Posts