CIBC target price is 18.50 $... Hmmmm... an October 13$ Option Call is offered @ 50 cents at this time... If available, I would certainly look for a January 15$ Call order @ 20 cents or so...

BTW, Benoìt says that a Major could be interested within 1 to 1 1/2 years... Read between the lines, however: it could be anytime soon, especially after the recent Poison Pill swallow!

"Selon Benoit La Salle, l'intérêt des producteurs majeurs pourrait s'intensifier dans 12 à 18 mois. Mais Semafo ne court pas après un acheteur, insiste M. La Salle. «Il n'y a pas de presse», dit-il en soulignant que Semafo a 200 millions en banque."

http://lapresseaffaires.cyberpresse.ca/dossiers/la-presse-au-pdac-2011/201103/10/01-4377909-semafo-des-pretendants-dans-18-mois.php

GLTA.

BaBe.

(If I may make a guess... Teck might be the pretender!)