RE:RE:What's wrong with the stock
I don't need your sarcasm or you patronizing tone.
You are wrong. This is true.
I was a Semafo shareholder, I was raped by the merger and since then my shares are still lower than Semafo's price june 2019. Though gold has gone from 1300 to 1800.
You can understand how frustrated it is. I invested in a great company Semafo with a wonderful future, great young mines and a great AISC. I also met the CEO personally and got a good view from him.
I was also right on the gold price which exploded from 1300 to 1800.
Still my Semafo shares have gone from 33 SEK (june 2019) to 23 SEK (the price they would be now considering the conversion 0.1422 between Semafo and Endeavour, expressed in SEK).
That is a loss of 30%. Really painful though I was right about the quality of the company and the price of gold.
Semafo shareholders have been totally screwed by the merger which occured after two temporary down periods due to an incident in august 2019, and a terrorist attack in november 2019. Everybody knows that those down moves were temporary, it's not the first time Semafo was disturbed by scary terrorist attack and price moves are always temporary.
Endeavour bought the company right after the pandemic crash when the share price went even lower. It was a strategic rape and most of Semafo holders are under the water.
So yes, I have 30% losses after 2 years. And those who bought Semafo 5 years ago are down 50%.