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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 Feb 01, 2012 11:12pm
799 Views
Post# 19477864

I think you stated it in your write up

I think you stated it in your write up

You stated a major cross at the highs and after that incomplete information by the  banksters and you get the result of a share price take down. If your info is correct you have your explaination. Money is made quicker on a take down than a run up in shares. They tend to hit hard and run. Leaving the market to clean up the mess them make. Unfortunatly the securities watch dogs in my humble opinion are not reacting to these take downs in Canada and the game by the banksters is one sided. Only stronger gold prices or postive news by the company can repair the damage done. I thoght the take down did not make sence given the neutral news and gold behaving strongly. Again these are just the observations I am making from statements from others and the market action in the shares. Is there any other possible explainations to consder? A 12 percent take down in one day when gold was only off less than10 dollars a share does not explain this action at all.

cheers

Bullboard Posts