Semafo Inc. T.SMF

last night's news releases

[bull_man]

can anyone explain why we are down today, with increased reserves, guidance indicating increased production, and a new mine coming on line later in the year?

[trebor157]

I’m not getting the pullback...good new ..stock goes down? Maybe trying to trigger stop-loss?

[phil_t]

Sounds like 2018 guidance, while up from 2017, was less than expected.  The stock has outperformed many other miners lately so maybe some disappointment there.  Still seems way overdone though.  But then whole gold miner complex also down significantly today despite a buoyant gold price, albeit down $5.

[traga84]

I listened to the phone conference recording, No surprises! The board answered all the question and they are still expecting big growth in earnings. i think the drop in the last session is more likely due to the Options expiry friday not to the fundamentals. These options can turn a slow burn in ordinary day into a major conflagration on an expiration friday. So i think it's not an urgent