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Semafo Inc. T.SMF

Metals & Mining Industrial Metals & Minerals
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

Semafo Inc. > Should I vote "yes" for the deal?
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Comment by Dieunison May 14, 2020 10:37pm
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Post# 31031143

RE:RE:RE:RE:Should I vote "yes" for the deal?

RE:RE:RE:RE:Should I vote "yes" for the deal?This is very strange that the deal was announced in this situation and this date.
The 4th quarter 2019 and the 1st quarter 2020 was not bad with considering boungou mine closed and low restart.
Last year, without perturbation, the stock price was around 5$ with a gold price of 1300$. Imagine today with 1700$ gold price.
The stock price is reflected by the offer. The stock price of many gold producers have doubled.
The deal is not enought for smf shareholders. I will vote no, the offer must be superior.
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