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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 AngelEyes3on Sep 27, 2011 8:08am
338 Views
Post# 19087427

Seems to always be manipulated since hitting 14 do

Seems to always be manipulated since hitting 14 doI must admit the story looks great yet the share price is always taken down hard. This stock should be trading at 20 dollars plus yet it had problems moving over 10. Management needs to start building more mines and increasing production. I have heard the story that they  own the entire gold belt that they discovered years ago but yet exploration seems slow and increasing production is slow. They are increasing the mine in mana again great news. They have over 200 million in cash if I remember correctly but yet pay no dividend. Time to start giving investors some profits back. Yes great you are helping the local people but I as a shareholder and have not made money on this stock yet. I guess I over payed but give me some profits back.  Pay a dividend and get the shorts running for cover. Currently they are controlling the movement of this stock. As of this moring the shares look as if they will open below yesterdays close while all the other gold miners will be opening higher. Something smells here and management can easily fix it. PAY A DIVIDEND AND MAKE IT IN GOLD!!!!!!!!!!!!!!!!!!!!!!!
Bullboard Posts