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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 theCurseon May 29, 2020 1:15pm
240 Views
Post# 31088610

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

RE:RE:RE:RE:RE:RE:RE:Should I vote "yes" for the deal?
trebor157 wrote: Well it’s a done deal ...we will not lose money..
but lose plenty of leaverage..as gold climbs higher ,,glta cheers 


Yep 99.7% of the vote by SMF holders.  It was done before the vote.

not sure how you lose leverage?  I don't think EDV is roped into any hedging.

dividends to start later this year. 

i've sold most of my EDV recently (including today) - figuring there will be a pullback in POG despite the rosy POG environment.  maybe it won't happen.  i've been too greedy in the past - never wrong booking a profit. 

good luck.

tC
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