Semafo Inc. T.SMF

Todays action NUTS

[AngelEyes3]

Shares were cheap before todays take down in price. A 20 percent hair cut seems extreme. We have a 200,000 oz proven producer with a great track record. Yet they took the shares down hard today. I for one have bought heavy expecting a bounce back to the 4 dollar range as soon as options expire tomorrow and gold starts to move higher as the US dollar will start to weaken.

[silentreader]

Well considering they reduced their production numbers by -11.6% to -12.7%, increased their cash cost by +17% and AISC by +15.7% noone should be surprised they are taking a huge beating.  Sure doesn't help that gold is down 13$ this morning. Considering they released their 2017 outlook only 7 weeks ago, it doesn't send a signal to the market that much seriousness was put into

[skepticalme]

It was quite over the top. There was some negative news regaring the geologics, but a small reduction. Certainly cutting thr stock by almost a quarter is ridiculous.

[stopedout]

I agree and tripled my holding. However I am questioning that buy after listening to the call. They say that zone 9 gets simpler at depth (not complex) but only provide one cross section that, although drawn simple, is only supported by one and a half drill hole intersections. Show us some more sections so we can see why SMF is confident in the geometry of zone 9 and I will feel better.

[silentreader]

And it's not like they never made a bad reading of ground geometry right ? But agin, no need to worry, the higher POG will solve all the problems.

[stopedout]

A total lack of response from investor relations prompts me to exit my entire holding. If I have to count on a higher price of gold to fix this I have a number of other companies were I can put my money.

[silentreader]

Well how reassuring is it to know that their great contingency plan to make up for the huge shortfall in production because of the wrong reading of the ground geology relies solely on the price of gold being higher than the 1150$ assumption they used for establishing their 2017 operational budget numbers ? So waht is the POG doesn't hold and retreats back to the 1150 $ range ?  It seems

[mo1975]

I mentioned it in my previous post... the only people making money with this stock is the exe/management/board and the day trader..if you are neither get out of there... each year millions is being given out in bonus and stocks... and each year the shares are getting diluted... they produced 250 thousand ounces many years ago ...no increase in production but a great increase in stock count since

[silentreader]

Their plan is looking really good is it ?  Is anyone going to be fired ?

[mo1975]

got to be kidding???? no one will get fired!!! as a matter of fact.. just watch what the stock options and bonuses will be to right this ship next year!!!!  share price is down in the two's , net losses,  so i would say that  they finished the year on a positive note and all the gains will be given out to the exe and board as bonuses and options.. and leave the shareholder with