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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 liquorcon Mar 24, 2013 8:29pm
321 Views
Post# 21161085

Cash flow

Cash flow

Smf is selling for a little over 5 times cash flow. This was the case when the were selling at 2 almost 5 years ago, right before their run. I expect a similar move to the $5+ level soon. They have $150mm in cash and it is accumulating. Not many companies have no debt and that kind of coin today. They are positioned to make a move soon. Buy when the blood is flowing, sell when when the champagne comes out. 

Bullboard Posts