Gold Exploration in West Africa

[FL]

Managem (MNG on Casablanca Exchange) still rising

Managem, the Moroccan mining company that has a controlling interest in the successful West Aftrican explorer/miner Semafo (SMF.TO) is continuing its rise, recently reaching 399.5 on the Casablanca Stock Exchange. Managem has various Moroccan mines, including gold mines, in addition to its West African holdings via Semafo. It's been said to be controlled by Morocco's king and royal family.

See the Casablanca Bourse via http://www.casablanca-bourse.com/ and type in the Managem symbol "MNG" at lower left to get the chart and statistics.

There were press releases and stories a while ago about some dispute between Managem and Semafo. I never knew what it was about or what became of it. For one thing, I don't speak French, the business language of Morocco. Does any reader know what that was about?

(Disclosure: I own some Semafo stock, but not any Managem.)

FL