Ride the Tiger with CD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dara who wrote (202258)	8/12/2011 9:09:09 AM
From: Veteran98	Read Replies (1) of 312860

SMF... Scotia Daily Market Summary... SEMAFO Inc. (SMF - $8.66) Rating: 2-Sector Perform Target: $10.50 Solid Q2/11; UG Development Green-lighted SEMAFO reported Q2/11 EPS of US$0.11 versus our estimate and consensus of US$0.12 and of US$0.10, respectively. Gold production of 63,800 oz in Q2/11 had been pre-released. Total cash costs in the quarter were $660/oz, in line with our estimates. SEMAFO is on track to meet 2011 production guidance of 238-263 koz. We expect 2011 production of 251.9 koz at $667/oz. Value drivers for the company include ongoing exploration results leading to resource expansion, and the anticipated production decision on a secondary plant at Mana (near Fofina/Fobiri resource). Also, the timely development of the underground mine at Mana and controlling the impacts of cost escalations should be key going forward. Our NAV3% has decreased slightly to C$5.81 from C$5.91 previously. Our one-year target remains at C$10.50 per share. We rate SMF 2-Sector Perform primarily based on relative valuation. –– Leily Omoumi

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next