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Semafo Inc. T.SMF

Metals & Mining Industrial Metals & Minerals
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

Semafo Inc.
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Post by westhecaton Aug 16, 2011 8:05pm
491 Views
Post# 18949557

Globe article on M&A activity of gold producers

Globe article on M&A activity of gold producershttps://www.theglobeandmail.com/globe-investor/investment-ideas/soaring-gold-price-could-boost-merger-activity/article2131619/?utm_medium=feed&utm_source=feedburner&utm_campaign=Feed%3A+TheGlobeAndMail-Front+%28The+Globe+and+Mail+-+Latest+News%29

If the likes of SMF IMG and K are all raking in big profits so are most of the big guys and they will be flush with cash. Once you see one acquisition take place it will be good for most juniors or mid range producers. Like last year they will all have a takeover premium applied to them.

1/2 way through the quarter and the average price per oz sold has to be up near $1650 now. This will add nicely to the bottom line if gold can hold between $1650 and $1700 for the remainder if the quarter.

CIBC dropped their target to $15 from around $18. A little more realistic considering the black cloud over the markets.

Hopefully money will come back to the market just before labor day.

Wes
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities