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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
Post by westhecaton Jul 14, 2011 7:35am
332 Views
Post# 18829862

Drill Results due

Drill Results dueDrill results are due very soon.  Would be a nice day to release them in this gold ralley.

Desormeaux said in the last conference call that there are huge back logs at the labs and that we will see some reults in July. He also said that there were some very impressive looking intervals. 

There will be a little profit taking along the way but anyone short will not wait much longer. They should keep the upward pressure on this stock.

Lots of US data coming this a.m.  If it's weak we should see gold hit $1600.

Wes
Bullboard Posts