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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

Comment by silentreaderon Apr 25, 2017 2:31pm
304 Views
Post# 26163985

RE:RE:Todays action NUTS

RE:RE:Todays action NUTSWell how reassuring is it to know that their great contingency plan to make up for the huge shortfall in production because of the wrong reading of the ground geology relies solely on the price of gold being higher than the 1150$ assumption they used for establishing their 2017 operational budget numbers ?

So waht is the POG doesn't hold and retreats back to the 1150 $ range ?  It seems to me that relying on the volatility of the POG to make up for your management errors is pretty thin don't you think ?  How much are these executives making again in salary and bonuses to come up with these great contingency plans ?

Pretty scary if you ask me.




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