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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

Post by asforecastson Dec 10, 2019 11:23am
487 Views
Post# 30439680

In at 1.81 US

In at 1.81 USCanadian govt insisted on Dec. 3 that BF govt secure the road to Boungou mine.  BF replied that is not feasible, too long a stretch.  Company is completing an airstrip and has added to site security.  Using air transport is more economical and politically feasible than expecting govt to secure 200 mile road from the capital.  
Should reopen Feb timeframe.  Stock has discounted financial bomb in Q4.  Maybe I am early.
Normal operation is a good cash flow generator.  Stock currently at 1.25 times normal cash flow.  Gotta believe in cash flow.
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