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Bullboard - Stock Discussion Forum Savary Gold SVVYF

"Savary Gold Corp is a Canadian exploration company. The company operates in the operating segment of acquisition, exploration, and evaluation of properties. The group is focused on the exploration and evaluation of its Karankasso gold project located in Burkina Faso, Africa. The property includes five exploration licences totaling around 688 square kilometer."

GREY:SVVYF - Post Discussion

Savary Gold > Wow! .... Semafo!
View:
Post by sibo on Jan 29, 2018 9:37am

Wow! .... Semafo!

Semafo paid $200M for the adjacent property (Orbis) acquired during the depths of the gold market a few years ago. If they eventually end up acquiring Savary at the same price that's 20X Savary's current capex. Either that or shareholders end up with a $4 stock.
Comment by mercedesman on Feb 09, 2018 4:57pm
Better yet SEMAFO makes a play for the underpriced stock - as they did today. ------------------------------" Montreal, Quebec, February 09, 2018- SEMAFO Inc. (TSX, OMX: SMF) reports that it has subscribed to 33,333,333 common shares of Savary Gold Corp. (SCA.V) ("Savary") at a price of $0.06 per common share for an aggregate subscription price of approximately $2,000,000 pursuant ...more