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Semafo Inc T.SMF

Sector: Metals & Mining | Sub-Sector: Gold
Alternate Symbol(s):  SEMFF

Semafo Inc through its subsidiaries is engaged in the gold mining activities including exploration, development and operations. The Company presently owns and operates a gold mine in Burkina Faso.
Price: $3.885 | Change: $-0.095 | %Change: -2.39%
Volume: 489,291 | Day High/Low: 3.91/3.83 | 52 Week High/Low: 5.48/2.39
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0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Much higher grade!

ts9222 wrote: You are so right. For a $200m company, $26m free cash flow per quarter is peanuts. They should have minimum $100m free cash flow every quarter, $400m per year. Any dividend below 30...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Much higher grade!

heads must roll if that doesn't happen.  ts9222 wrote: goldenegg wrote: Q4 was good not great   You are so right. For a $200m company, $26m free cash flow per quarter is peanuts. They should...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:Much higher grade!

goldenegg wrote: Q4 was good not great You are so right. For a $200m company, $26m free cash flow per quarter is peanuts. They should have minimum $100m free cash flow every quarter, $400m per...read more
0 stars

RE:RE:RE:RE:RE:RE:Much higher grade!

yes 5x is excessive however TGZ did themselves in last yr by doing an issuance at 83 cents, terrible q2/q3 results - if those didn't happen TGZ would be at a higher valuation. Q4 was good not great...read more
0 stars

RE:RE:RE:RE:RE:Much higher grade!

The OJVG was a one time acquisition paid for by Franco. If you look at the quarters after the acquisition, they did have free cash flow including $26m in latest Q4. I can say the same for smf's...read more
0 stars

RE:RE:RE:RE:Much higher grade!

Regardless reserves aren't as good. The capital expenditures of TGZ were $111 mil which means they had negative free cash flow of $61 million which was made up buy selling 10% but closer to 20% when...read more
0 stars

RE:RE:RE:Much higher grade!

That is operating cash flow, not free cash flow. tgz had operational issues early last year including mill downtime that impacted that number. They are mining new deposits now with softer oxide ore...read more
0 stars

RE:RE:Much higher grade!

I think it is. SEMAFO $120 .7 mil cash flow Teranga $49 mil  rate and reply
0 stars

RE:Much higher grade!

If grade is much higher, then why isn't smf earnings, P/E, and free cash flow much better?  rate and reply
0 stars

Much higher grade!

Teranga has 1 million oz @ 1.3 g/t measured 5 million indicated @ 1.33 g/t. Plus they have to give away 10% to Franco-Nevada @ 20% of spot which probably raises there cash cost by $100 for the...read more
0 stars

RE:RE:RE:RE:RE:Still way overpriced

goldenegg wrote: I did say SMF is fairly valued here and did agree that TGZ is undervalued by 4-5x, the issue at TGZ for the past couple of quarters were operational, missed guidance, gold price...read more
0 stars

RE:RE:RE:RE:Still way overpriced

ts9222 wrote: You say the grade is the differentiator but I don't see smf taking advantage of the higher grade and converting it to any better earnings and free cash flow which is what matters on...read more
0 stars

RE:RE:RE:Still way overpriced

goldenegg wrote: I would argue that SMF is not overprice - its fairly valued (give or take) its' just that TGZ is that cheap.  Here's a comparison on EV/2P SMF: $337 TGZ: $57 This is the upside...read more
0 stars

RE:RE:RE:RE:Still way overpriced

you're still doing a lot better than this guy... Treetop2 wrote: Egg, there are lots of ways to throw numbers around, but the one that matters to most of us is profit.  How many years of $20...read more
0 stars

RE:RE:RE:Still way overpriced

Egg, there are lots of ways to throw numbers around, but the one that matters to most of us is profit.  How many years of $20 million profits (in a good year) will it take to pay for a $1bn market cap...read more
4 stars

RE:RE:Still way overpriced

ts9222 wrote: Compare smf with tgz. For 2014 the production numbers are very similar. The earnings and free cash flow are very similar as well. The big difference is tgz is 5x cheaper, market cap...read more
5 stars

RE:Semafo - Bright Future Ahead - Article

ChrisSA wrote: Link: http://seekingalpha.com/article/3006706-semafo-buys-orbis-gold-to-fuel-future-growth these guys are well known for front running at both ends of the trade, watch them put a sell...read more
2.5 stars

Semafo - Bright Future Ahead - Article

Link: http://seekingalpha.com/article/3006706-semafo-buys-orbis-gold-to-fuel-future-growth  rate and reply
5 stars

RE:Still way overpriced

Compare smf with tgz. For 2014 the production numbers are very similar. The earnings and free cash flow are very similar as well. The big difference is tgz is 5x cheaper, market cap of $200m compared...read more
5 stars

Still way overpriced

Once in a while I check in on SMF to see whether I might have missed something. Let's face it, it's very difficult to make money in gold these days.  SMF is hyped as being different somehow, but it...read more