Post by
templetooth2 on Dec 12, 2019 2:01pm
Christmas gift to board
I think everyone here expects that IF we get a substantial improvement in recoveries, we're off to the races.
You may not need another gift under your Christmas tree, but here it is anyway. Semafo.
At the $2.53 area, I can see this going up a quick 40% on the announcement of resuming production at Boungou. Whether that happens in February/March or July, that's a pretty substantial return. The risk is that the mine never goes back into production. I would handicap that scenario at somewhere in the 2 to 4 % range.
Comment by
riverrrow on Dec 13, 2019 1:37pm
I know very little about the area Semafo operates in but my impression is it's a war zone. There are people out there with either an unimaginable hatred for others not in their group or simply not willing to show the same respect to others that they demand for themselves. Anyways, not a area I would conduct any kind of business in. GLTA.
Comment by
NiN777 on Dec 24, 2019 6:28pm
Burkina Faso is short of being in civil war I think I'll pass on that one. I've sold my SA miners ( SBGL, GFI ) for the same reason, ticking time bomb. I mean if you're patient sure, look at RDC, Mining co will always downplay the political / security risks at every turns.