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SAMMF - Sama Valuation Attractive Despite Slower Than Expected Progress In Ivory Coast
Sama Res/Ressources Sama
The MJG partnership first initiated a position in Sama Resources through a private placement in late 2016. We added to our SME position during the panic selling in March, and our cost basis remains C$0.14 per share. While we remain above water on our position, I’ll be the first to admit that it’s been a disappointing period since I last wrote about the company. It looks as if we’ve gone through another drill program (the third such program since we invested in the company) without the blockbuster discovery hole that SME shareholders have been