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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 18, 2011 3:48pm
320 Views
Post# 17991778

RE: 4 million at 10.74

RE: 4 million at 10.74I think the last one left is the guidance for 2011. 

If the company can paint a rosy picture for 2011 (higher production, higher price for gold, more reserves for Mana, etc.) there is always a big shot in the arm for SP for a least a day or two.  This has to be used with a rise in the price of gold though to be effective, while the positive sentiment is high.  

Looks like we are blocked under $10.80 by the shorts and their sympathizers (fellow market manipulators).  If someone is on our side there will be one last big trade before closing to break that blockade.  Let's hope that happens.  
Bullboard Posts