Axmif - Axmin Inc. (gold)

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

  1. gowiththeflow

    gowiththeflow Senior Investor

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    If all goes to plan how far do you think the share price could rise? I would guess the company might become a takeover target at some stage if the income starts to flow on a regular basis?
     
  2. Jon Alba

    Jon Alba Senior Investor

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    AXMIF popped to $1 in early 2012 right after $100 million in financing for the gold mine was announced. Then of course rebels took over and everything got stalled. Then in 2014 this Shanghai based company injected $2 million to keep things going until the Senegal royalties kick in end of 2015. So twice the dilution as before, but held by one group, then add in the royalty, I would say $0.60-0.65 once their back in. With CAR in production, it could be a multi dollar stock since they originally wanted to mine 200K+ ounces per year for at least 8 years. Takeover is very possible since Axmin is still the main player in the Central African Republic.
     
  3. Jon Alba

    Jon Alba Senior Investor

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    Two videos that came out this week from reliable news sources(BBC & France 24). CAR is getting a huge boost from Russia and in return the Russians will be working on getting mining/exploration going on in the Central African Republic. This is big news because once they make it safe enough for Russia to work in the country, then Axmin Inc. will also have this ability in the near future, thus adding tremendous value back to the stock( 3 million ounce gold deposit on a $15 million market cap company)

    BBC -


    France 24(Via Youtube) -
     
  4. Jon Alba

    Jon Alba Senior Investor

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    https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003164

    This was important to put out for a few reasons:

    1) Shows that insiders still own over 80 of the 130.5 million common shares

    2) Directors are paying themselves less than $20,000 USD per year and given that the company just made $1.2 million USD in profit, why aren't they paying themselves more?

    3) Options are being renewed and expanded.

    What does this all mean? In my opinion, I see it as a clear example that they want to make their money through capital gains, aka selling common shares. They gave themselves options last September at $0.05 for the first time. Fast forward 8 months and we now have a clearer picture from their latest news release on how the country is progressing rapidly towards stabilization with the help from the AU, UN, Russia, CAR military.

    Most recent news: http://axmininc.com/PRmay07_2018.php
     
  5. Jon Alba

    Jon Alba Senior Investor

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    A Vancouver based marketing firm has recently started promoting Axmin Inc,(AXM & AXMIF). This company has an office in the same building as Axmin Inc and in Shanghai. No doubt they struck a deal recently because this only came up on Google today. All Axmin Inc. information is up to date too. They are marketing strictly to Chinese investors.

    https://nai500.com/
    AXM - https://nai500.com/client/0C00000JF1/
    About NAI - https://nai500.com/about-us/#faq-social-media
    [​IMG]
    NAI Interactive Ltd. (NAI), established in 1998, is a leading market intelligence and investor relations service provider for fast growing public companies trading on the North American stock exchanges. Our goal is to serve as a bridge between public companies and Chinese investors, nurturing investor loyalty and form functional networks via our unique platform. Throughout the years, NAI has established itself as the most trusted firm in providing market insights to Chinese investors. We strive to provide a more powerful platform for companies and investors to connect with each other.

    The 3 Strengths of NAI500
    • Extensive Experience in the Business
      With 15 years in the IR business, NAI excels in the field of investor relations and market intelligence. Our professional team is specialized in targeting companies and connecting promising opportunities with investors.
    • Comprehensive Coverage of the Market
      NAI hunts for investment opportunities from the perspective of an investor. Our extensive experience in the industry has helped build a vast network and ensures our access to the best market information in quantity and quality.
    • Precise Positioning
      Our expertise in aggregating and distributing information has made us one of the most trusted sources to obtain company updates and analyses that are most important and relevant to investors.
     
  6. Jon Alba

    Jon Alba Senior Investor

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    https://www.shephardmedia.com/news/landwarfareintl/car-asks-un-approve-china-arms-deliveries/

    CAR asks UN to approve China arms deliveries
    12th June 2018 - 08:08 GMT | by Agence France-Presse in United Nations


    RSS


    The Central African Republic (CAR) has asked the UN Security Council to approve deliveries of Chinese-made armoured vehicles, machine guns, tear gas grenades and other weaponry for its struggling army and police, according to the request obtained by AFP on 11 June.

    CAR Defence Minister Marie Noelle Koyara requested an exemption to an arms embargo, arguing that national forces are ‘confronted with the strength and escalating violence of armed groups whose illegal activities pose a threat to civil order.’

    The council imposed an arms embargo on the CAR in 2013 when the country descended into bloodshed but its sanctions committee in 2017 gave the green light for Russia to supply weapons to the national forces.

    Council members have until 3:00 pm EST (7:00 pm GMT) of 15 June 2018 to raise objections to the request for the Chinese shipments, according to a letter from the sanction committee's vice-chair.

    China is donating the military equipment which includes 12 armoured vehicles and four assault vehicles, 50 pistols, six sniper rifles, ten submachine guns with silencers and some 30 machine guns of various calibres.

    The list of equipment from China's Poly Technologies also includes 300 rockets, 500 anti-tank grenades, some 725,000 rounds of ammunition of various types and 15,000 tear gas grenades.

    In her request, the defence minister argued that tear gas would help gendarmerie and police deal with crowd control as the ‘units do not currently possess any of this equipment designed to maintain order.’

    The request for the Chinese weaponry is backed by a European Union military training mission and by the UN peacekeeping operation MINUSCA, which has come under repeated attacks from armed groups. Five peacekeepers have been killed in 2018.

    The CAR exploded into violence following the 2013 overthrow of longtime leader Francois Bozize, prompting France to intervene with its Operation Sangaris.

    MINUSCA took over an African Union-led mission in 2014, deploying some 12,000 troops and police, but the country remains overrun with militias, many of whom claim to protect Christian or Muslim communities.

    CAR's leaders have repeatedly asked the Security Council to ease the arms embargo to allow shipments of equipment that will beef up the national forces.

    France and the UN mine-action service have helped CAR's defence ministry set up armouries and ammunition depots for the deliveries, which the request stated should take place in June 2018.

    Koyara wrote: ‘Building up the defence and security forces, alongside MINUSCA, and progressive deployment of those forces safeguards the security of people and ensures the progressive enforcement of state authority.’

    Most of the armoured vehicles and other weaponry will be used by special forces trained by Rwanda and certified by the EU training mission. Units of CAR's gendarmerie and police were trained by the UN police.
     
  7. Jon Alba

    Jon Alba Senior Investor

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    Axmin, Teranga receive exploration permits in Senegal

    2018-06-18 16:06 MT - News Release


    Ms. Lucy Yan reports

    NEW EXPLORATION PERMITS IN SENEGAL WITH TERANGA GOLD CORPORATION (TERANGA)

    Axmin Inc. has received confirmation from Teranga that the government of the Republic of Senegal has granted two new exploration permits under the 2016 Senegalese Mining Code for Sounkounkou and Bransan, encompassing the 17 target areas that the company shares an interest in with Teranga.

    The initial term of the exploration permits is for a period of four years with a requisite minimum expenditure commitment during this initial period. Thereafter, the exploration permits are renewable two times for consecutive periods not exceeding three years each, provided that Teranga has satisfied its work and expenditure commitments. The Bransan perimeter is 337.3 square kilometres and Sounkounkou is 291.7 square km, which together cover roughly 90 per cent of the prior permit areas.

    Axmin chairman Lucy Yan said, "The issuance of exploration permits for the additional targets, upon which Axmin has a [net smelter return] royalty of 1.5 per cent, is very good news for our company."

    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 feasibility-stage Passendro gold project in the Central African Republic.

    We seek Safe Harbor.

    © 2018 Canjex Publishing Ltd. All rights reserved.
     
  8. Jon Alba

    Jon Alba Senior Investor

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    http://www.imf.org/en/News/Articles...pletes-fourth-review-central-african-republic

    IMF Executive Board Completes Fourth Review Under the ECF Arrangement for the Central African Republic and Approves US$ 32.1 Million Disbursement
    July 3, 2018

    Completion of the review enables a disbursement of US$ 32.1 million.
    Program implementation has been satisfactory in a difficult context. Restoring peace and speeding the implementation of the development agenda are key to sustain the economic recovery and reduce poverty.
    Improving domestic resource mobilization is crucial for the scaling up of expenditure in key sectors such as health, education, and security.
    On July 2, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fourth review under the Extended Credit Facility (ECF) arrangement [1] for the Central African Republic. The completion of the review enables a disbursement of SDR 22.84 million (about US$ 32.1 million), which will bring total disbursements under the arrangement to SDR 88 million (about US$ 123.7 million).

    The ECF arrangement for the CAR was approved by the Executive Board on July 20, 2016 (see Press Release No. 16/352 ) for SDR 83.55 million and subsequently augmented twice to a total of SDR 133.68 million (about US$ 189.0 million, 120 percent of Central African Republic’s quota at the IMF).

    At the conclusion of the Board’s discussion, Mr. Tao Zhang, Deputy Managing Director and Acting Chair, stated:

    Performance under the ECF-supported program has been satisfactory despite a challenging security environment and difficult humanitarian conditions. The authorities stepped up the implementation of their reform agenda and public investment plan.

    “Fiscal policy is broadly on track. The revised 2018 budget includes new revenue measures and remains anchored to the domestic primary balance objective while allowing a scale-up of social and capital spending. Renewed efforts to mobilize domestic revenues, which remain weak, will be critical to support the scaling-up. Given the country’s high risk of debt distress, continued reliance on grant financing is essential to support debt sustainability. The implementation of the investment program for the National Recovery and Peacebuilding Plan will boost economic prospects.

    “The authorities continued to implement fiscal structural reforms, which contributed to the strengthening of the treasury single account, improved budget transparency and traceability of domestic revenues. Quarterly publication of budget execution reports allows for better tracking and monitoring of government expenditures. More consideration should be given to streamlining quasi-fiscal taxes, reducing exceptional payment procedures, and strengthening the asset declaration regime. It will also be important to follow through on commitments to strengthen transparency in the management of natural resources.

    “The government started the comprehensive clearance of domestic arrears. The transparent repayment of arrears will support growth, bolster the credibility of the state, and strengthen the banking sector.

    “The Central African Republic’s program is supported by the implementation of policies and reforms by the regional institutions in the areas of foreign exchange regulations and monetary policy framework and to support an increase in regional net foreign assets, which are critical to the program’s success.”



    [1] The ECF is a lending arrangement that provides sustained program engagement over the medium to long term in case of protracted balance of payments problems. Details on Central African Republic’ arrangement are available at www.imf.org/external/country/CAF .

    IMF Communications Department
    MEDIA RELATIONS
    PRESS OFFICER: ISMAILA DIENG

    PHONE: +1 202 623-7100EMAIL: [email protected]
     
  9. Chartman

    Chartman Senior Investor

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    Do you have a link to share price graph?

    CAR has been in the news recently with Boris Becker suggesting he was made a diplomat for the country and cannot be arrested and taken to a London court for bankruptcy proceedings again. Is it fair to say that some of the uncertainty factored into the share price is a consequence of the CAR and its volatile political arena?
     
  10. Jon Alba

    Jon Alba Senior Investor

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    For graphs I use Stockwatch - https://www.stockwatch.com/Quote/Detail.aspx?symbol=AXMIF&region=U

    I think that whole Boris Becker thing is a whole crock and irrelevant to CAR. Could of happened in Liberia, Sierra Leone, etc.

    CAR is volatile, no doubt about it. But why the attention and share price increase now is that after 6 years of a weak government, now all of a sudden you have Russia, China, UN(MINUSCA), IMF(international monetary fund), AU(African Union), and other groups all working to stabilize the country. Sure the end game is to acquire resources, but who cares? Civilians will be finally safe, opportunity will exist for jobs, it's a win/win.

    The whole reason why this got out of control is the UN and other countries banned CAR from getting support and weapons six years ago, so of course rebels will take over. Now the two major rebel groups have split into 14 smaller groups that are attacking each other. So really, this will be a cake walk over the next 6 months with CAR getting armed and rebels weakened.

    But what I truly love about AXMIF is that we got an insurance policy, that royalty from Senegal that TGCDF(Teranga Gold) pays us every single quarter. It's like clock work and expenses are roughly always the same. So the company can add cash for a long time while things improve in the CAR.
     

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