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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (55103)	2/20/2019 7:35:27 AM
From: Goose94	Read Replies (1) \| Respond to of 202721

Semafo (SMF-T) six month high

To: Goose94 who wrote (55103)	3/4/2019 8:17:59 PM
From: Goose94	Read Replies (1) \| Respond to of 202721

Semafo (SMF-T) top pick from Jon Case on BNN.ca PDAC2019 Market Call Monday March 4th @ 1200ET Semafo is a mid-cap gold producer in West Africa with production of 240,000 ounces that’s growing to 415,000 this year as they bring on the high-grade, low-cost Boungou operation, their second mine. With Boungou, Semafo is entering a period of transition from cash burn to cash build. We see free cash of $170 million before debt repayments, giving Semafo a free cash flow (FCF) to EV yield of 20 per cent, one of the best in the gold space. Semafo has now transitioned into a multi-asset producer. Being a single-asset operating company has proven to be high-risk in recent years, with some high-profile operational disappointments. We believe this has limited the appeal of single-asset companies to generalists. Semafo is now more diversified, which we think will attract investors. The company also announced it’s buying Savary for $22 million, which we think is an interesting low-cost acquisition that refreshes their growth profile