Also, you do have the added potential for a takeover if a larger group could negotiate a significant discount on net assets reflecting the historic, and maybe to a lesser extent, future political volatility. An interesting find and certainly want to watch.
Right now there's 130.5 million common shares and roughly 8.5 million options/warrants at 5 cents. The original 43-101 gold resource report stated 2 million ounces proven + 1 million probable. Then you have all the work being done in Senegal which gives AXM a nice royalty and recent news of Teranga gold extending the life of the other targets means more of the royalty claims could go into production. Lets be very conservative and say someone wants to buy AXMIF(keep in mind insiders/institutions own roughly 80 million common shares + all warrants/options), they would need the board approval first. But being super super conservative, lets say 10% of the total value of the CAR deposit and add in $2-3 million USD for Senegal Gora royalties currently owed + future potential, I think AXMIF could easily get back to the $1 range like they had back in 2012, if not higher. Not trying to make stuff up, but everything here was done in 2012, proven up and there was no royalty back then when the stock traded at that range.
Six recent articles on the Central African Republic: July 5th 2018 – Gabon Keeps 444 troops in CAR https://m.news24.com/Africa/News/gabon-to-keep-troops-in-un-mission-in-car-20180705 July 6th 2018 – Russian Mercenaries Secure Gold Mines In CAR https://www.unian.info/world/101773...group-reportedly-fighting-in-syria-media.html Key Part: Defense Ministry officers, comparing the new PMC to the Wagner Group, noted that Patriot pays more and offers better combat assignments. A source in the veterans' community said Wagner and Patriot competed for the contrast to provide security at gold mines in the Central African Republic, Dozhd reported. July 5th 2018 – UN Proved Central African Republic With $1 Billion In Aid https://www.un.org/press/en/2018/ga12039.doc.htm June 29th 2018 – UN Deploys 700 Peace Keepers From Nepal To CAR https://thehimalayantimes.com/nepal/united-nations-to-deploy-up-to-700-more-peacekeepers-from-nepal/ June 29th 2018 – AU(African Union) To Focus On Central African Republic http://plenglish.com/index.php?o=rn&id=30340&SEO=au-summit-focused-on-challenges-progresses June 26th 2018 – New Central African Republic Court Now In Order https://www.news24.com/Africa/News/no-obstacles-in-launching-car-special-criminal-court-20180626 June 25th 2018 – Central African Republic Diamond Business Now Active Again http://www.idexonline.com/FullArticle?Id=44032
Looks like Axmin Inc(AXM & AXMIF) isn't the only company waiting to get back to working in the Central African Republic. BanwaGold signed a deal end of May and their looking to start things up in Q4 2018 which is October-December 2018. This is a very good sign. http://www.banwagold.com/en/ BANWAGOLD ROADMAP – STRATEGY Home Timeline ROADMAP – TIMELINE - CAR BanwaGold sells mining contracts to investors seeking to base their assets on gold production. To secure these contracts, BanwaGold signs agreements with small producers and mining cooperatives that produce a weekly amount of gold. This quantity will be multiplied by 4, by 10, then 25 thanks to the mining contracts signed by the investors. This is how we plan this ramp-up in the Central African Republic. This strategy will be implemented in parallel in other African countries. Q4 2018 Installation of zone 1 and zone 2 exploration. Opening of the foundry Start of direct investment purchases Q2 2019 Installation of zone 2 and zone 3. Sale of the first production of zone 1 Q4 2019 Installation of zone 3 worksites Q4 2020 Industrialization of production Q4 2021 Industrialization of production STRATEGY – 6 AFRICAN COUNTRIES BanwaGold sells mining contracts to investors seeking to base their assets on gold production. BanwaGold's mining contracts have two components: buying gold and producing gold. Purchase: The small producers and mining cooperatives with which BanwaGold signs agreements produce a weekly quantity of gold that is bought at the best market price. Production: Thanks to mining contracts sold by BanwaGold, small producers and mining cooperatives are able to develop exploration and exploitation processes. Purchases Via our foundry, acquisition of gold via $ 2.5 Million of direct investments and the reinvestment of 70% of the revenues of our production Production Via our local networks of mining cooperatives
United Nations Central African Republic Report(January to June 2018) This report is 132 pages in total. I have condensed everything with only details that are important and pertain to the stability of the Central African Republic and resumption of work by Axmin Inc.(AXM.V) https://reliefweb.int/sites/reliefweb.int/files/resources/N1821863.pdf Page 2) Following relevant exemptions and notifications to the Security Council Committee established pursuant to resolution 2127 (2013) concerning the Central African Republic, the country’s security and armed forces received training and military equipment from the Russian Federation. Coupled with the support of other partners such as the European Union Military Training Mission in the Central African Republic, those efforts are facilitating the re-operationalization of FACA. Ex-Séléka factions, like other armed groups, have, however, maintained their engagement in the African Union Initiative for Peace and Reconciliation in the Central African Republic, under which consultations began in November 2017 and the conclusion of an agreement between the Government and the 14 recognized armed groups is planned in the coming months Page 7) The European Union Military Training Mission in the Central African Republic is currently finalizing the training of a third battalion of the Forces armées centrafricaines (FACA) in Bangui. All trained battalions are gradually being redeployed in Bangui and beyond (see para. 18 below). The Training Mission also supported the training of 232 demobilized members of armed groups integrated into the national army, which was completed on 11 May as part of the pilot project for disarmament, demobilization, reintegration and repatriation On 26 December 2017, the Committee received a notification from the Russian Federation regarding the training of Central African defence and security forces, involving 5 military and 170 civilian Russian instructors for a period of one year. The first and second training sessions for FACA and the Presidential Guard in the Sudan and Berengo (Lobaye Prefecture) conducted by Russian instructors were concluded on 31 March and 30 May 2018, respectively. The third training session commenced on 30 May in Berengo. The presence of instructors from the Russian Federation among the Presidential Guard, as observed by the Panel in Berengo on 31 March, was reported to be part of the training exercise. 2 Russian instructors are currently deployed in Sibut and Bangassou in support of recent FACA deployments. They were also involved in escorting a convoy transporting materials for the construction of hospitals, which travelled from Am Dafok and through the towns of Birao, Ndélé, Kaga Bandoro, Bria and Bangui between 7 and 26 May 2018. Twenty-four instructors are currently ensuring the security of hospitals donated by the Russian Federation in Bria, and 20 are doing so in Ouadda In Bangui on 12 March 2018, national authorities, with the support of MINUSCA, started the training of the 500 candidates for the police and gendarmerie recruited throughout the country (see S/2017/1023, paras. 14–16).6 Page 8) Since April 2018, Russian instructors have also started the training of 160 policemen and 50 gendarmes in Berengo as a precondition for assigning them weapons in view of their deployment. Between 26 January and 7 February 2018, nine aircraft arrived at M’Poko International Airport in Bangui to deliver weapons and ammunition as part of the military cooperation between the Government of the Russian Federation and the Government of the Central African Republic, and as allowed under an exemption by the Committee on 15 December 2017 Page 10) The African Union Initiative for Peace and Reconciliation in the Central African Republic, which began its activities in November 2017, has achieved some traction towards meeting the objectives set out in its road map. Through meetings in Bangui and several rounds of field visits in the country (see annex 3.1), the African Union’s panel of facilitators documented grievances that now form the basis of discussion for the planned dialogue aimed at concluding a peace agreement between the Government and the 14 armed groups. In accordance with the timetable adopted under the African Union Initiative, a series of workshops and training seminars are being organized to prepare for the upcoming dialogue and build the capacity of the main stakeholders, including the panel of facilitators, the Government, the 14 armed groups and civil society. In parallel with the African Union Initiative, mediation efforts are also being undertaken at the local level, including by MINUSCA, the national authorities and religious leaders. Those initiatives are aimed at establishing a favourable environment that addresses local conflict dynamics, involving various actors (armed groups, local authorities, civil society and religious groups) and taking various formal or informal forms. Page 11) The Government is also engaging with armed groups through the President’s national security adviser, a Russian national appointed as part of the cooperation between the Governments of the Central African Republic and the Russian Federation, who met on several occasions with leaders of armed groups to discuss questions related to, among other things, disarmament, demobilization and reintegration, national reconciliation and the sharing of revenues from the exploitation of natural resources among local and national authorities. Most armed group leaders continue to express support for the African Union Initiative. Page 13) In an attempt to address various illicit cross-border activities, the Government of the Central African Republic has engaged neighbouring countries with a view to signing bilateral and trilateral agreements establishing commissions on cross-border issues. From 2 to 4 September 2017, a tripartite meeting was held in Kinshasa among the Governments of the Central African Republic, the Democratic Republic of the Congo and South Sudan. Those in attendance recommended the creation of a special mixed commission in charge of political, diplomatic, defence and security matters pertaining to the three countries It is also planned that trilateral commissions will be established among the Central African Republic, Chad and the Sudan as well as among the Central African Republic, Cameroon and Chad. In addition, it is envisaged that bilateral commissions will be put in place between the Central African Republic and Cameroon and between the Central African Republic and Chad, as well as between the Central African Republic and the Sudan Page 18) *Note* - UPC is main group around Passendro/Ndassima Still, UPC wants to appear to be a reasonable partner for the Government and the international community. For example, although it was involved in violent clashes with FACA soldiers in Bambari on 10 June, UPC finally agreed to let the FACA convoy reach Bangassou (see para. 19 above). That decision triggered negative reactions from other ex-Séléka factions as well as within UPC.61 The rejection of any FACA deployment prior to the conclusion of a global agreement is a position common to all ex-Séléka factions (see para. 39 above). Page 23) Since early 2016, a number of foreign operators have obtained permits to exploit diamond and gold sites in the Central African Republic in a semi-mechanical or industrial manner. Such investments provide tax revenues to the State. At the same time, in areas with limited State authority, activities of all economic operators may generate revenue for armed groups through racketeering, illegal taxation or possibly, as was the case in 2016 with the private security company FIT Protection (see S/2016/694, paras. 85–89), direct arrangements between companies and armed groups. Page 30) Additional information on the training of FACA by the European Union Training Mission in the Central African Republic (EUTM) Since September 2016, EUTM has trained a total of 3,000 FACA soldiers: - Qualifying courses for 344 FACA officers (i.e. 38% of the total officers) and 544 non-commissioned officers (i.e. 26% non-commissioned officers); - Training for 1,600 FACA soldiers (a total of three battalions, the last battalion finishes training in early August 2018); - Training of 232 FACA soldiers as part of the pilot project for disarmament, demobilization, reintegration and repatriation; - The validation of the training of 344 FACA soldiers organized in Rwanda and Equatorial Guinea. Additional information on the training of FACA by instructors from the Russian Federation The first training of personnel of the CAR national defence and security forces by the military (5) and civilian (170) instructors of the Russian Federation, as notified to the Committee on 26 December 2017, was concluded on 31 March 2018. The training took place in the CAR and in the Sudan. During an official ceremony at the training site on 31 March 2018 in Berengo, 65 km southwest of Bangui, 202 FACA soldiers and Presidential Guards demonstrated some of the operational skills acquired during their training.1 Few days earlier, on 26 March, most of the National defence and security forces trained in the Sudan flew back to the Central African Republic.
part 2: The return of relative stability in town has also been facilitated by the progressive disappearance of the most dangerous self-defence group leaders: “Ngadé” was killed in inter-group clashes in December 2017; “Bere-Bere” surrendered to MINUSCA in January 2018; and “Pino Pino” fled to the Democratic Republic of the Congo, where he was arrested together with 37 members of his group, on 16 May 2018 The last factor contributing to the current stability in Bangassou town is the CVR program launched in May by MINUSCA for 700 beneficiaries. People included in the program receive a paid training for three months to learn a profession in exchange of handing over their weapons. To date, MINUSCA has collected almost 1,500 weapons and is considering launching a second CVR phase in August 2018 Most of the information between Pages 46 to 117 are images, maps, and unrelated details Page 118) Use of anti-balaka fighters, ISF and FACA elements as security providers for economic operators. To operate in the CAR, especially in the provinces, economic operators, including mining companies, need to take measures to ensure their security. Some mining companies or cooperatives employ private security companies. As mentioned in the 2017 Panel’s final report (S/2017/1023, para. 235), one such private security company operating in SossoNakombo was employing former anti-balaka soldiers Other mining companies reportedly directly recruit anti-balaka or former anti-balaka fighters. Anti-balaka leaders in Bouar and some local authorities told the Panel that the use of former anti-balaka combatants as security providers was common practice for mining companies operating in the Abba area. Some companies rather secure the provisioning of National defence and security forces through agreements with the Ministries of Defence and/or Interior. Such practices enable the companies to ensure their security without resorting to protection by armed groups; at the same time, they create additional tasks for FACA and ISF whose human resources and capabilities are limited. In Bouar, for instance, the FACA Deputy Commander told the Panel that more than a third of FACA deployed in the area were involved in the protection of mining companies
Axmin received $600K USD from Teranga Gold in Q2 2018 from royalty payments. From TGZ Financials(Page 10) Released Today: Includes royalties to Axmin Inc. on account of their 1.5 percent net smelter royalty on the Gora deposit. During the three and six months ended June 30, 2018, the Company incurred $0.6 million and $1.1 million, respectively, of Axmin royalties (2017: $0.4 million and $0.7 million, respectively).
Page 7 ( TGZ Q2 MD&A) Ore tonnes milled were marginally lower in the first half of 2018 compared with the first half of 2017 due primarily to lower mill throughput resulting from planned grinding circuit maintenance during the second quarter of 2018, including a planned rebuild of the secondary crusher as well as processing harder, high grade Gora ore. Page 13(TGZ Q2 Financials) As at June 30, 2018, there is $1.3 million in other current assets and $3.3 million in other non-current assets as advanced royalty payments to the Government of Senegal. In total, the Company had recorded $10.0 million related to the Oromin Joint Venture Group (“OJVG”) in 2014 and $4.2 million related to the Gora deposit in the first quarter of 2015. The advanced royalties are expensed to net profit based on actual production from the former OJVG and Gora deposits. During the three and six months ended June 30, 2018, the Company expensed $0.8 million and $1.7 million, respectively, as amortization of the OJVG and Gora advanced royalties (2017: $0.8 million and $1.5 million, respectively). The advanced royalty recorded within other current assets is based on the expected production from the OJVG and Gora deposits over the next year and the remaining balance is recorded within other non-current assets. Refer to note 16 for further details.
http://www.uawire.org/the-russian-journalists-killed-in-the-central-african-republic-planned-to-film-gold-mines# The Russian journalists who died in Central African Republic (CAR), on the day of the assassination were attempting to arrange the filming of the gold mine, which the company established by Yevgeny Prigozhin supposedly plans to develop, the Dozhd television channel (also known as TV Rain) reported citing information from the Investigations Management Centre (IMC) for which journalists collected information about Russian military mercenaries. Before the murder, the journalists Orkhan Dzhemal, Alexander Rastorguyev and Kirill Radchenko went to meet the "fixer" – the UN employee based in the CAR, who was supposed to help them film the gold mines of Ndassima, said the IMC. The journalists were ambushed between the cities of Sibu and Kaga-Bandoro, away from their planned route. The IMC does not have any knowledge of why they deviated from their route. In mid-July, the Africa Intelligence news outlet reported that Russia had allegedly made an agreement with the government of the CAR for development of the Ndassima gold mine, in return promising to restore the order in the region, writes The Bell. According to the Africa Intelligence, Lobaye Invest which is established by M-Invest company, associated with the alleged sponsor of a Russian Wagner Private Military Company (PMC), Yevgeny Prigozhin, represents Russia's interests in the country. The PMC fighters, in line with the Lobaye Invest interests, are engaged in the transportation from Bangui and the protection of mining equipment . In particular, the Lobaye Invest employees control the recently renewed diamonds mining near Berengo, wrote the newspaper. The journalist, film director and camera operator arrived in the CAR planning to make a film about the activities of the Russian private military company (PMC), which media associates with businessman Yevgeny Prigozhin (Prigozhin himself denies the link with Wagner PMC). The official investigation version named the killing near the city of Sibu as a result of an armed robbery. For information on AXM Ndassima/Passendro claim: http://www.mineafrica.com/documents/5 - Axmin.pdf
Some major positive developments in the Central African Republic announced today. Axmin Inc will be getting their claim back sooner than later. Central African Republic receives military vehicles from China and the US - https://thedefensepost.com/2018/08/09/central-african-republic-military-vehicles-china-us/ CAR militia disarmament begins in September - http://apanews.net/index.php/en/news/car-to-begin-disarmament-of-militias-in-september