Axmif - Axmin Inc. (gold)

Discussion in 'Penny Stocks' started by Jon Alba, May 17, 2018.

  1. Jon Alba

    Jon Alba Senior Investor

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    Details from Central African Republic rebel deal released
    https://wtop.com/africa/2019/02/details-from-central-african-republic-rebel-deal-released/
    BANGUI, Central African Republic (AP) — An agreement signed by Central African Republic and 14 rebel groups earlier this week will see the dissolution of armed groups, the formation of an inclusive government and the creation of a fund for victims who have suffered in years of conflict, according to the accord seen Friday.


    The deal signed Wednesday is the eighth since the fighting began in 2013 but the first to emerge from direct dialogue. The 30-page peace pact, negotiated in Sudan and titled the Political Accord for Peace and Reconciliation, evokes four main points: victims, justice, peace and national reconciliation.


    The agreement says that armed groups will undertake to respect the legitimacy of the country’s institutions, and to renounce the use of arms and violence against the defense and security forces, U.N. personnel and humanitarian workers.


    They also agree to refrain from any act of destruction, occupation of public buildings, place of worship and violence against the civilian population, as well as acts of sexual or gender-based violence.

    In exchange, armed groups are able to create political parties.


    The government, meanwhile, will monitor the agreement and analyze the reintegration of the leaders of armed groups who formerly served as civil servants or military.


    The government is also committed to set up a Truth, Justice, Reparation and Reconciliation Commission within 90 days, cutting short the idea of amnesty long negotiated by armed group leaders.


    The signatories also undertake to set up mixed security units that will include elements of the defense and security forces as well as ex-combatants after training.


    This means that armed groups will dissolve their movement and help facilitate the return of the authority of the state and to participate in disarmament, demobilization, reintegration and repatriation within two months.


    Armed groups currently control around 80 percent of Central African Republic, and President Faustin Archange Touadera, in power since 2016, has struggled to stabilize the country as armed groups compete over lands rich in gold, diamonds and uranium.


    The major conflict in Central African Republic began in 2013 when predominantly Muslim Seleka rebels seized power in Bangui. Largely Christian anti-Balaka militias fought back. Rebels continue to carry out deadly attacks on displaced people’s camps and other communities.


    The African Union, which oversaw the negotiations that began on Jan. 24 in Khartoum, has expressed optimism about the agreement.
     
  2. Jon Alba

    Jon Alba Senior Investor

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    The original 43-101 from 2011 was added back to Axmin's website this week, along with a post from their Facebook page which reads:

    We have been asked to provide the original NI 43-101 study that was done so we provide the link here. Please note that this may change as when we get back on site, we will conduct a site survey and as per our January press release will most probably take a phased approach with a strategic partner to bring the CAR asset into rapid production, subject to and with the approval of the duly elected government of the CAR. http://axmininc.com/Presentations.php

    https://www.facebook.com/pg/axmininc/posts/?ref=page_internal

    http://axmininc.com/Presentations.p...5eiLlF_T7_MixEcfGXJuiPLfzt5ZBIBo3OfOIwbH7-vBU
     
  3. Jon Alba

    Jon Alba Senior Investor

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    Five new articles out today about the Central African Republic:

    Central African Republic: Central African Ambassador - Peace Agreement Has Ended War - https://allafrica.com/stories/201902110217.html

    Youtube Video(Feb.11) The people seeking peace after conflict in the Central African Republic -


    Central African Republic seeks support from Bangladesh for military training - http://www.unb.com.bd/category/Bang...t-from-bangladesh-for-military-training/12456

    African Union's Commissioner Says CAR Deal Unprecedented, Will Hopefully Promote Peace - https://www.urdupoint.com/en/world/african-unions-commissioner-says-car-deal-un-549752.html

    AU Commissioner Thanks Russia For Helping Get CAR Peace Deal Parties To Negotiating Table - https://www.urdupoint.com/en/world/au-commissioner-thanks-russia-for-helping-get-549808.html
     
  4. Jon Alba

    Jon Alba Senior Investor

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    The Government of the Central African Republic (CAR) Announces a Peace Agreement with Armed Groups

    Vancouver, British Columbia--(Newsfile Corp. -February 12, 2019) - AXMIN Inc.(TSXV: AXM) ("AXMIN" or the "Company") notes the following news release.

    OnSaturday February 2, 2019 the Government of the CAR announced on social media that an agreement for peace had been made at the talks taking place in Khartoum. The Government stated that the agreement would be initialed on Sunday February 3, 2019 and thereafter it was signed in Bangui onFebruary 6th.

    The agreement comes after discussions that were facilitated in Khartoum by the African Union and the Untied Nations with assistance from Russia. The key points of this agreement are:
    • An immediate cessation of violence by the armed groups against defense and security forces, UN personnel, humanitarian workers and the general population.
    • The armed groups will respect the legitimacy of the CAR's institutions and will disband.
    • The Government will analyse the reintegration of the leaders of the armed groups who previously served as civil servants or in the military.
    • The Government will set up a Truth, Justice, Reparation and Reconciliation Commission within 90 days.
    • The parties to the agreement will undertake to set up mixed security units that will include both the defense and security forces as well as former members of the armed groups.
    • A Prime Minister will be appointed drawn from a representative of the former armed groups.
    • The former armed groups will have the right to start political parties without hindrance.
    Ambassador Smail Chergui, the African Union Commissioner for Peace and Security stated on social media:

    … I am humbled to announce that with the exemplary cooperation I received from both the Government of the CAR(@GouvCF) and the 14 armed groups, we have secured a#peaceagreementtodayin the interest of the people of#CAR.


    Separately onThursday January 31, 2019 the United Nations Security Council voted unanimously on a resolution drafted by France that provides for a road map to lift the arms embargo on the CAR. This resolution states that the Council will establish requisite benchmarks byApril 30, 2019 and will assess progress on these benchmarks byJuly 31, 2019. The Council will then review the arms embargo measures bySeptember 30,2019.

    The resolution welcomes 'the significant efforts made by the CAR authorities' to advance security sector reform, including by developing a national defense plan and national security policy. This resolution acknowledged 'the urgent need for the CAR authorities to train and equip their defense and security forces to be able to respond proportionately to threats to the security of all citizens in the CAR.' The Council stated that it had granted several exemptions to allow shipments of weapons from France, Russia, China, the United States and Belgium for the CAR's army.

    AXMIN's Chairman and CEO Lucy Yan stated:

    AXMIN is delighted to hear that a peace agreement has been reached in Khartoum and hope that this agreement will be honored and bring security and stability to the CAR. The Company believes that the combination of the agreement together with the eventual lifting of the arms embargo should provide both the framework for stability and also the effective method of enforcement by equipping and deploying the military forces of the Government of the CAR. We look forward to being back on site and working on developing the Passendro asset as soon as conditions allow in the near future.

    A further press release regarding the security situation in Ndassima, the location of the Company's Passendro asset, will be made when appropriate to do so.

    About AXMIN

    AXMIN is a Canadian exploration and development company with a strong focus on the African continent. AXMIN continues to closely monitor the political situation at its Passendro Gold Project in the Central African Republic. For more information regarding AXMIN visit our website atwww.axmininc.com. Please also follow us on Facebook.https://www.facebook.com/axmininc


    For additional information, please contact AXMIN Inc.:

    Lucy Yan
    Chairman and CEO
    [email protected]
    AXMIN Inc.


    General Enquiries
    David de Jongh Weill
    Chief Financial Officer and Corporate Secretary
    [email protected]
    +65 9781 8281


    Investor Relations
    [email protected]
    www.axmininc.com
     
  5. Jon Alba

    Jon Alba Senior Investor

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    https://www.businessincameroon.com/...kribi-becomes-main-wood-export-channel-to-car
    https://www.bollore-ports.com/en/worldwide-network/africa/port-of-kribi-cameroon.html
    The Port of Kribi becomes main wood export channel to CAR


    (Business in Cameroon) - Timber export conditions at the port of Douala, Cameroon’s economic capital, have been improving since the beginning of the year, the International Tropical Timber Organization (ITTO) noted.


    However, despite this upturn which is the result of a slowdown in Chinese demand, ITTO said, some timber exporters now ship cargoes through the deep-water port of Kribi, commissioned in March 2018 in the southern region.


    In a memo covering the period Feb.1-15, 2019, ITTO revealed that despite the improvement situation at the port of Douala, “exporters of sawn timber and logs to the Central African Republic shipped their cargoes through the port of Kribi”.



    “It is logical that part of the traffic from the port of Douala should be redirected to the port of Kribi. This will allow to ease traffic,” Patrice Melom, MD of the autonomous port of Kribi (PAK), said at the end of a seminar held April 19-20, 2018 with players of the timber sector to discuss ways to carry out export activities within the Kribi port platform.


    Wood exports at the Kibri port are carried out by Kribi Containers Terminal (KCT), a company controlled by the Franco-Chinese consortium Bolloré-CHEC-CMA CGM in partnership with the Chinese shipowner Cosco.

    Brice R. Mbodiam
     
  6. Jon Alba

    Jon Alba Senior Investor

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    Good to see NAI finally putting out articles about AXM on QQ:

    https://mp.weixin.qq.com/s/hXE1fv5B2UIeJGOxTKduJQ

    Translated to English:

    This junior gold stock rose 60% in 2019!
    From Wendy Zhang why pennies should be included in your portfolio , we have mentioned that junior mining companies are a very important category, although most of the junior mining companies’ stocks are in a state of low trading and price all the year round, but grasp At several specific points in time, investing in junior mining companies can still quickly achieve ultra-high returns, which is unmatched by other types of stocks.

    In the current trend of resource market, many companies are expected to rise, especially as gold prices are optimistic, gold mining stocks are worth looking forward to.

    Recently, Toronto-based gold primary exploration company AXMIN (TSXV: AXM ) stocks are amazing (with photos), doubling the gains in four trading days, bringing investors a gratifying return.

    Stock price trend (January 22, 2019 - February 19, 2019)

    [​IMG]

    AXMIN is principally engaged in the exploration and development of gold projects located in Africa. In fact, in the past 2018, the company's share price has been launched from the bottom, and the stock price has nearly doubled in the whole year. That is to say, if an investor holds AXMIN stock in early 2018, its assets have been turned over. Ten times, this is an impossible income for ordinary stock investment.


    Moreover, all of this happened when the company's news was relatively calm, indicating that the source of the increase was not the company's public relations hype, but the changes in the relevant environment and the improvement of the company's own cash flow.


    In the interview, David Weill, the company's chief financial officer, mentioned three main factors driving the stock price increase: First, benefit from the flow of royalties generated by the company's Gora deposit jointly developed by Teranga Gold (TSX:TGZ) in Senegal, the company's The cash flow is excellent and the profit of the accounting accounts is realized. The company also has 17 potential deposits developed with Teranga that are expected to generate more revenue for the company.

    The second factor is that the geopolitical situation in the Central African Republic is improving. AXMIN's main asset is the Passendro Gold Project, located in the Central African Republic, where AXMIN acquired a 25-year mining permit area (355 square kilometers) in August 2010. At the same time, the company also obtained two three-year, renewable exploration licenses: Bambari 1 and 2 (1,240 square kilometers), which surround the mining permit area and cover a 90-kilometer trend along the vast expanse of the Bambari Greenstone Belt. With ..... [unfinished]


    For the wonderful original content, please click "Read the original"
     
  7. Jon Alba

    Jon Alba Senior Investor

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    full article:


    In the article on why pennies should be included in your portfolio , we have mentioned that junior mining companies are a very important category, although most of the junior mining companies’ stocks are in a state of low trading and price all the year round, but grasp At several specific points in time, investing in junior mining companies can still quickly achieve ultra-high returns, which is unmatched by other types of stocks.

    In the current trend of resource market, many companies are expected to rise, especially as gold prices are optimistic, gold mining stocks are worth looking forward to.

    Recently, Toronto-based gold primary exploration company AXMIN (TSXV: AXM ) stocks are amazing (with photos), doubling the gains in four trading days, bringing investors a gratifying return.

    [​IMG]

    AXMIN is principally engaged in the exploration and development of gold projects located in Africa. In fact, in the past 2018, the company's share price has been launched from the bottom, and the stock price has nearly doubled in the whole year. That is to say, if an investor holds AXMIN stock in early 2018, its assets have been turned over. Ten times, this is an impossible income for ordinary stock investment.

    Moreover, all of this happened when the company's news was relatively calm, indicating that the source of the increase was not the company's public relations hype, but the changes in the relevant environment and the improvement of the company's own cash flow.

    In the interview, David Weill, the company's chief financial officer, mentioned three main factors driving the stock price increase: First, benefit from the flow of royalties generated by the company's Gora deposit jointly developed by Teranga Gold (TSX:TGZ) in Senegal, the company's The cash flow is excellent and the profit of the accounting accounts is realized. The company also has 17 potential deposits developed with Teranga that are expected to generate more revenue for the company.

    The second factor is that the geopolitical situation in the Central African Republic is improving. AXMIN's main asset is the Passendro Gold Project, located in the Central African Republic, where AXMIN acquired a 25-year mining permit area (355 square kilometers) in August 2010. At the same time, the company also obtained two three-year, renewable exploration licenses: Bambari 1 and 2 (1,240 square kilometers), which surround the mining permit area and cover a 90-kilometer trend along the vast expanse of the Bambari Greenstone Belt. band.

    However, the Central African Republic has been in a state of turmoil for many years and the conflict between local armed groups has directly led to the stagnation of AXMIN’s project development. Recently, under the mediation of the international community, the security situation in the Central African Republic has improved. On February 6, 2019, the Central African Republic government and 14 armed groups in the country officially signed a peace agreement at the presidential palace in the capital, Bangui, meaning that the situation in the region has begun to stabilize, and the exploration and mining of AXMIN projects is expected to proceed smoothly. Become the main driving force for the company's stock price to rise rapidly.

    The third major factor driving the rise in stock prices is that the company is cleaning up its balance sheet and its current financial position is optimistic. In 2008, Teranga invested US$6 million in exploration expenses and acquired an 80% interest in several exploration licenses in Senegal. AXMIN retained 20% of the project. In February 2012, AXMIN and Teranga revised the joint venture agreement. Under the new agreement, AXMIN chose to hold 1.5% of the net smelting rights of the Gora deposit. Since August 2015, AXMIN has received 1.5% net smelting royalties from the Gora deposit.

    In the future, AXMIN will focus on projects in the Central African Republic and hand over several minerals in Senegal to Teranga for joint development. The company only charges a premium of 1.5% of total revenue. The success of the Gora deposit provided financial security for the development of Passondro assets by AXMIN, and the signing of the Central African Republic peace agreement further became a catalyst for AXMIN stock movements.

    According to AXMIN's plan, the company will increase communication with investors in 2019, actively establish relationships with relevant government agencies, expand its influence in the Central African Republic, and strive to find strategic partners with strong capital and rich mining experience. Develop Passersono assets and fully enter the active business period.

    The trend of the AXMIN compound once again verified several key points of the investment in the pennies of the junior mining companies : the holding of the asset development environment; the emergence of positive cash flow and increased expectations; the market holding mineral products is on the rise. As a gold mineral exploration company, AXMIN is a three-time all-in-one, so it has become the super darling of the market.
     
  8. Jon Alba

    Jon Alba Senior Investor

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    TGZ numbers are out. I estimated they would be getting around $300k for the quarter. Teranga still owes around $600-700K in payments which will likely paid over the next two quarters. Given Axmin's strict costs, the company should earn around $140-150K USD net profit for Q4 2018 and over $1 million USD for 2019. Again we are waiting for CAR to get going, but Senegal is a nice added bonus in the meantime. Plus we could be working on new targets right now given that Gora mining is completed and there are advanced stage targets within 1-3km's.

    TGZ Year End - Feb 2019
    AXM Year End - Apr 2019 (Books will be cleaned as per October 2018)

    TGZ Q1 2019 - Apr 2019
    AXM Q1 2019 - May 2019

    TGZ Q2 2019 - Jul 2019
    AXM Q2 2019 - Aug 2019

    Another note, for any new possible targets on the 337km2 lease, Axmin still owns a 20% interest. However the 17 targets currently identified, the company has a 1.5% NSR.

    From page 36 of TGZ year end results:

    The joint venture partner of the exploration permit has elected a 1.5 percent net smelter royalty on all currently identified targets within the original Sounkounkou permit and including the Gora project in exchange for its fully participatory 20 percent interest. The joint venture partner retains a 20 percent participatory right for any new exploration targets identified or to elect the royalty.
     
  9. Jon Alba

    Jon Alba Senior Investor

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    CAR Gov't, Armed Groups Commit To Ending Recruitment In Armed Formations Under Peace Deal

    https://www.urdupoint.com/en/world/car-govt-armed-groups-commit-to-ending-recr-558895.html


    KHARTOUM (UrduPoint News / Sputnik - 24th February, 2019) The government of the Central African Republic (CAR) and armed formations, which have recently signed a peace deal to end the armed conflict in the country, have pledged to refrain from recruiting people, in particular minors and foreigners, into armed formations, according to the text of the agreement seen by Sputnik on Sunday.


    "The parties reaffirm their commitments to ... immediately put an end to all forms of recruitment, including that of children and foreigners, into armed groups," the text said.


    The parties also agreed to give up illegal exploitation of natural resources and illicit traffic of arms and munitions, and committed to not hindering the free circulation of people and goods and the deliveries of humanitarian aid.


    The long-sought peace accord was signed in the CAR capital of Bangui in early February.
     
  10. Jon Alba

    Jon Alba Senior Investor

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    5 Top Weekly TSXV Stocks: CAR Peace Deal Boosts AXMIN

    https://investingnews.com/daily/res...ekly-tsxv-stocks-car-peace-deal-boosts-axmin/

    AXMIN
    AXMIN made this list last week, when its shares rose to C$0.36 in the same week the government of the Central African Republic (CAR) announced peace deals with a medley of rebel groups.

    AXMIN, a gold developer and explorer, is focused on its Pessendro project which is in the CAR.

    The company was up again this week, though with no new news from the company (its last news was from January) — so stock markets seem to believe the peace deals will hold.

    On the TSXV AXMIN was up to C$0.45 — a gain of another 55.17 percent.

    Note: Not sure what the editor is saying about news. There was a release in January and in February as per newswire. From February:

    Axmin pleased with CAR's peace agreement

    2019-02-12 05:50 MT - News Release

    Ms. Lucy Yan reports

    THE GOVERNMENT OF THE CENTRAL AFRICAN REPUBLIC (CAR) ANNOUNCES A PEACE AGREEMENT WITH ARMED GROUPS

    Axmin Inc. notes the following news release.

    On Saturday, Feb. 2, 2019, the government of the CAR announced on social media that an agreement for peace had been made at the talks taking place in Khartoum. The government stated that the agreement would be initialled on Sunday, Feb. 3, 2019, and thereafter it was signed in Bangui on Feb. 6.

    The agreement comes after discussions that were facilitated in Khartoum by the African Union and the United Nations with assistance from Russia. The key points of this agreement are:

    • An immediate cessation of violence by the armed groups against defence and security forces, UN personnel, humanitarian workers and the general population;
    • The armed groups will respect the legitimacy of the CAR's institutions and will disband;
    • The government will analyze the reintegration of the leaders of the armed groups who previously served as civil servants or in the military;
    • The government will set up a truth, justice, reparation and reconciliation commission within 90 days;
    • The parties to the agreement will undertake to set up mixed security units that will include both the defence and security forces as well as former members of the armed groups;
    • A Prime Minister will be appointed drawn from a representative of the former armed groups;
    • The former armed groups will have the right to start political parties without hindrance.

    Ambassador Smail Chergui, the African Union Commissioner for Peace and Security, stated on social media:

    "I am humbled to announce that with the exemplary co-operation I received from both the government of the CAR(@GouvCF) and the 14 armed groups, we have secured a #peace agreementtoday in the interest of the people of #CAR."

    Separately on Thursday, Jan. 31, 2019, the United Nations Security Council voted unanimously on a resolution drafted by France that provides for a road map to lift the arms embargo on the CAR. This resolution states that the council will establish requisite benchmarks by April 30, ,2019 and will assess progress on these benchmarks by July 31, 2019. The council will then review the arms embargo measures by Sept. 30, 2019.

    The resolution welcomes "the significant efforts made by the CAR authorities" to advance security sector reform, including by developing a national defence plan and national security policy. This resolution acknowledged "the urgent need for the CAR authorities to train and equip their defence and security forces to be able to respond proportionately to threats to the security of all citizens in the CAR." The council stated that it had granted several exemptions to allow shipments of weapons from France, Russia, China, the United States and Belgium for the CAR army.

    Axmin's chairman and chief executive officer Lucy Yan stated:

    "Axmin is delighted to hear that a peace agreement has been reached in Khartoum and hope that this agreement will be honoured and bring security and stability to the CAR. The company believes that the combination of the agreement together with the eventual lifting of the arms embargo should provide both the framework for stability and also the effective method of enforcement by equipping and deploying the military forces of the government of the CAR. We look forward to being back on site and working on developing the Passendro asset as soon as conditions allow in the near future."

    A further press release regarding the security situation in Ndassima, the location of the company's Passendro asset, will be made when appropriate to do so.

    About Axmin Inc.

    Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its Passendro gold project in the Central African Republic.

    We seek Safe Harbor.

    © 2019 Canjex Publishing Ltd. All rights reserved.
     

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