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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 Apr 18, 2011 8:56am
370 Views
Post# 18445298

RE: situation

RE: situationI agree that a seemingly unorganized uprising like this one in Burkina Faso should not last long. 

However, it's a concern that the dictator in charge has forgotten the "golden rule" of an iron fist dictatorship - you need to have the troop on your side and in complete control of them.  He has broken this rule by trying to short change them.  That's not a smart thing to do.  

I see the company issued a terse one line PR this morning basically saying nothing other than everything is fine.  Of course that's absolutely true but the fear factor has already been sown and hedge funds and shorters and manipulators would not let up.  I know I wouldn't if I were them. 

This is a golden opportunity to really squeeze the life out of SMF, and they won't let it pass being the scum bags.  They are obviously aware of the political situation in BF sometime ago and started to build up a huge short position of SMF.  That's what they are and that's what they do. 
Bullboard Posts