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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 Mar 15, 2011 9:46am
231 Views
Post# 18286325

RE: RE: Insider buying today

RE: RE: Insider buying todayPerhaps the SMF executives should have waited until today to do it.  LOL.

SMF has been plagued by bad luck this year and owning SMF is like an old poker cliche - "If it weren't for bad luck, we would have no luck at all".   Just as things are looking brighter, we have a gold price melt down before the 2010 earning annoucement.  Chances are any good news from that, which is key to SP recovery, would be drowned by the stumble in gold price.  An earlier good news on potential addition to Mana was similarly drowned out. 

We are just a a loss on the bad timing of everything this year. 
Bullboard Posts