buyout, 50m cash, fantastic margins, satellite expansionAnalyst comments - last 3 months Stockchase feed from BNN I think
Believes the share price will either increase in 2018 or one of the West African consolidators will take them over. Either of those will be a nice outcome for owners of this.
He likes management and the asset. They are looking to produce 120,000-150,000 ounces of gold per year. They are all-in sustaining costs of around $740-$790. Have $50 million in cash. They are paying down their debt, which is only about $54 million. A single asset company and in a jurisdiction not everybody wants to be in, Burkina Faso.
(Market Call Minute.) Another Semafo (SMF-T) junior, another high-grade Burkina Faso mine that’s been built, going through ramp up. If all goes according to plan, they’ll have fantastic margins. A low cost producer with the ability to probably double production in the next 2-3 years in the next phase of satellite expansion.
https://stockchase.com/company/view/4321