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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 caillenon Feb 20, 2013 12:25pm
165 Views
Post# 21016813

Set long term sell orders to $5.00

Set long term sell orders to $5.00

It screws up the algorithims. If you're not selling it today or anytime during this stupidity of valiation then set your sell target to the last possible date and slightly over double the current asking price. I got in at $2.75 which I thought was beyond stupid in valuation. $140M in cash...$90M in inventory...no debt...$.09 earnings estimate on a $2.35 stock...stable revenues...higher grade discoveries. You're kidding right? Who would sell given those fundamentals? Earnings release date is March 13th and drilling and reserves are scheduled to be released at the same time. Both numbers are expected to be substabtially higher than last quarter. Again, why sell other than pure fear of an irrational belief that it will go to zero? I don't get it. I trade on fundamentals and do well. I now have to add "irrational fear" to my assesents.

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