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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 templetooth2on Feb 20, 2020 8:39pm
250 Views
Post# 30715585

RE:Thoughts for the next Q??

RE:Thoughts for the next Q??
My thoughts: this company's stock is dead meat for approximately half a decade. They should change their name as a first priority. I would recommend one of the great all-time monikers in corporate history: The Hartford Steam Boiler Inspection & Insurance Corporation.

Then, I would launch a share for share takeover bid for another troubled name: TMAC Resources.
This would diversify the company away  from BF, a locale that'll be toxic for the foreseeable future.

After fixing and expanding TMAC using the cash flow from BF, merge with somebody else such that BF accounts for 15% or less of operations. This will take a few years but eventually patient shareholders will be rewarded. I'm not at all sure that I have the patience required to see such a plan through to its conclusion, but I will be expecting to see some kind of deflection strategy announced by September or so.

If the company wants to carry a Francophone flag, I'm OK with a merger with Iamgold, the worst name in corporate history, providing the terms are right and we keep the Hartford Steam Boiler name.

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