Semafo, SMF.to, C$1.22
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Posted: Monday Mar 23 10:18:42AM 2009
new analyst report on Semafo. Stay tuned. Company is hunting for a near term production acquisition in West Africa. Adding 100-140,000 oz to guidance of 220-240,000 oz for 2009 would be very positive for Semafo.
Posted: Tuesday Mar 17 2:00:01PM 2009
Semafo posted 2008 annual report. Made .19 eps and .27 cashflow.
Total of 195K oz produced.
Posted: Wednesday Feb 25 12:51:29PM 2009
new BMO presentation includes a great comparison chart showing Semafo against other junior producers.
Posted: Wednesday Feb 4 9:16:57AM 2009
New52wkhi +.17 to C$2.04 Gold is Good!
Still cheap versus junior producers.
Made .05eps and .09 cashflow in Q3. Bigger golds sell for 20X earnings 10X cashflow. Will Semafo get into that group?
I think they need a good upside reserve report and maybe an acquisition to move up in status to 20X earnings.
Already has 6.6million oz in total resources
Posted: Saturday Jan 31 11:28:35AM 2009
Semafo continues to perform
+.14 to C$1.90 New 52wkhi
Started thread in August 08 at C$1.22, went down below a buck in big selloff but back strong now. Fundamentals remain excellent. Growing production, revs and profits. .05eps for last two qtrs.
Biggest risk? Short term, gold may be overbought. Could see a selloff before resuming climb back towards $1,000.
Biggest upside. Semafo has the luxury of profits and cashflow. Many juniors are struggling to stay alive. Semafo could buy a near term project from a junior to boost production beyond recent guidance. They are forecasting 220-240,000 oz in 2009.
Posted: Tuesday Dec 2 12:59:36PM 2008
SMF.to/SEMFF.pk +.16 to C$1.20 Semafo moving up today on 641K volume. Gold should start to outperform as the US$ rally loses steam. Semafo is a nice profitable mid level producer. Forward p/e of 5! Bobwins
Posted: Tuesday Nov 11 6:33:12PM 2008
Earned 11.3 million or .05eps
Cashflow 20 million or .09
Produced 55K oz, increased 2008 guidance to 185 to 195K
2009 Guidance of 240-260K oz
Large land package with exploration potential. Increasing total reserves to almost 7 million oz. Mgmt has track record of opening 3 mines in 6 yrs.
Forward annualized p/e of less than 5!!!!CHEAP!
Posted: Thursday Oct 2 12:42:42PM 2008
Stock price goes below $1.00 again. I put in some low bids and got some at $0.99. See if my other low bids also get filled later. I shall use these stocks for short-term trade again.
Posted: Friday Sep 12 10:22:21AM 2008
Semafo +.14 to C$1.05 This is still a table pounder!
Listen to the latest presentation from the Denver Gold Show.
7 million total oz of proven and inferred. Growing reserves with a 90 km corridor of land near Mana, their newest and biggest project. Uranium kicker in Niger with partner Cameco that is not valued in share price.
.05 eps last qtr so selling for forward p/e of 5 with production increases coming.
This is headed for several bucks a shares. Bobwins
Posted: Thursday Sep 4 12:23:19PM 2008
improving production at their newest mine. Produced 7,800 in July and now 10,000 after new ball mill up and running. On pace to hit 60,000/qtr.
Profitable at .05eps last qtr. Should improve a bit for Q3. Low p/e compared to other profitable gold miners. Typically p/e of 20. Should be in the C$4 range.
Posted: Wednesday Aug 27 8:54:40AM 2008
SMF.to +.07 to C$1.24
Profitable, growing gold miner with .05eps last qtr so selling for forward annualized p/e of 6. Three mines producing at an annual rate of over 200,000 oz of gold.
Ball mill that doubles capacity just installed at newest mine.
11% interest in private Uranium JV in Niger that is valued about 28million
Undervalued by a factor of at least 2
Posted: Thursday Aug 21 4:19:34PM 2008
I think this is a screaming buy!
This is a post I just did outlining my reasons why.
Be sure to view the company presentation. Very clear job of showing growth and value.
Posted: Thursday Aug 21 10:38:02AM 2008
Semafo is a new producer in Africa. They have three small mines and produced 54,000 oz of gold last qtr and made .05eps. Selling for less than 7 times forward annualized eps. Very cheap for a medium sized producer.
Production should increase in Q3 because they just installed a new ball mill at their newest mine that will double capacity.
I added today at C$1.21. Bobwins