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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 heyoou1on Jun 29, 2012 10:36am
301 Views
Post# 20068283

Gold Up $45+ and TSX Up 100+

Gold Up $45+ and TSX Up 100+

Semafo up only 6% as I write this???? WThay

Yesterday gold down $28 and Semafo gets hammered 7%.

Something just does not add up here. Same thing happening with many other gold miners.

Add to the fact that SMF gets clobbered from $6 and you would expect some type of rebound at some point. Which brings me to today's movement which should be a positive and propel many of the clobbered gold and silver stocks but what we get is just a mediocre up day while gold now as I type this is up $47 and good market day.

Something just does not seem right.

Bullboard Posts