RE: RE: RE: Sign of life?Gold has been breaking out since Feb lows $1350 to $1525, now (again). Next stop? Pick an even number like $1600 to 'take profits' probably. SMF was heavily shorted all that time and holders were compelled to sell. It didn't matter what gold did or what news SMF released, however good it sounded. The shorts still hold down over 18M shares. I wonder why THEY don't get margin called and forced to buy?
https://www.dailyfinance.com/company/semafo-inc/smf/tor/short-interest
Anyways, the recent uptick is a good sign but barely raises a brow. If we get back above $10 this summer, it'll look a little better in the fall, with help from some earnings and reserve growth NR's, and perhaps attract some fund purchases again? Stability in Burkina Faso and West Africa also would help. A Google News search for 'Burkina Faso' yields as many protest headlines as there are drill results from this super rich gold area. Try it!
Perhaps SMF's neighbour to the south, with interesting drill results, could spark some further Mana zone reserve speculation? The announced expansion of the SW Wona zone a few weeks did not influence the sp in any positive way, so I dare say this would do much either. But you never know.
https://www.officialwire.com/main.php?action=posted_news&rid=54996