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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 shiftmanon Feb 28, 2013 1:37pm
221 Views
Post# 21056656

i should have added

i should have added

Many shareholders have been burned bad by gold mining companies and they are getting smarter.

Give you an one example of hundred i can think of Kinross gold investors bought shares  12.00 to 24.00 a share.

within 3 years their investment is worth today share price $ 7.89 a share.

gold has increased by 700 + an oz

CEO is fired with 14 million plus send off.

their is no reason for this to occur other than company insiders, CEO's  Directors ,Geogists, PR firms, bankers all got fat wallets. Greed, mismanagement, stock options performance bonuses, directors wages, pay offs to natives etc.

The companies including Barrick gold are telling shareholder's   " Trust US"

well i was in the business of making sure croks  served their time one is now a writer for a paper many investors  read ( financial paper ) he pulled of the biggest bank  fraud in canadian history.

Now he writes about financial crime some say he is good at what he does.

 

 

 

Bullboard Posts