Axmif - Axmin Inc. (gold)

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

  1. Jon Alba

    Jon Alba Senior Investor

    May 2018
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    AXMIN Announces Settlement of Accounts Payable

    2018-10-10 09:35 MT - News Release

    Vancouver, British Columbia--(Newsfile Corp. - October 10, 2018) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") announces that it has entered into an agreement to settle a long standing accounts payable by the Company.

    As previously announced on November 15, 2013, the Company entered into a consultancy agreement (the "Consulting Agreement") to assist AXMIN with securing its ownership of licenses in the Central African Republic. Under this Consulting Agreement the consultant was entitled to remuneration upon the successful completion of its services. The total outstanding payments due under this Consulting Agreement amount to US$2 million and were duly recorded in the Company's accounts payable. The Company has benefited from the renewal of its respective licenses and permits and is in good standing with the Government of the Central African Republic.

    After extended negotiations as referenced in the Company's Management's Discussion and Analysis for the six months ended June 30, 2018 and 2017, the Company has agreed to a settlement of this accounts payable by making a payment of US$1.2 million and the issuance of 3.46 million shares at a price of C$0.30 per share (the "Settlement Agreement"). The transaction relating to the Settlement Agreement was unanimously approved by the Board of AXMIN, and has also received conditional approval from the TSX Venture Exchange; closing of the transaction will occur immediately following final approval from the TSX Venture Exchange.

    The shares issued pursuant to the above-referenced Settlement Agreement will be subject to transfer restrictions under a two (2) year lock-up agreement, during which time the shares may not be sold. The transfer restrictions under the lock-up agreement will expire two (2) years plus one day from the date of grant.

    AXMIN Chairman Lucy Yan said, "The Company appreciates the assistance and value provided during this difficult period of force majeure. AXMIN also appreciates the patience provided in settling this long outstanding invoice and the confidence expressed in our Company by the acceptance of shares in lieu of a cash payment. The resulting improvement of AXMIN's balance sheet is very good news for our Company and we look forward to getting back on site in the Central African Republic as soon as possible."

    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 Feasibility Stage Passendro Gold Project in the Central African Republic. For more information regarding AXMIN visit our website at

    For additional information, please contact AXMIN Inc.:

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

    General Enquiries
    Jin Kuang
    Chief Financial Officer and Corporate Secretary
    [email protected]

    Investor Relations
    [email protected]
  2. Jon Alba

    Jon Alba Senior Investor

    May 2018
    Likes Received:
    Axmin 3.46 million shares for debt

    2018-10-12 15:55 MT - Shares for Debt

    The TSX Venture Exchange has accepted for filing the company's proposal to issue 3.46 million shares to settle outstanding debt for $1,038,000.

    Number of creditors: one creditor

    For further details, please refer to the company's news release dated Oct. 10, 2018.

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

    Jon Alba Senior Investor

    May 2018
    Likes Received:
    Article - France Urges EU To Help Stabilize The Central African Republic

    CAR. At France’s request and amid the growing influence of foreign actors, the ministers will discuss the situation in the Central African Republic. The minister will call for strengthened EU action alongside that of the African Union, the countries in the region and the UN, to support the country’s stabilization and the restoration of State authority. This will include support for Central African domestic security forces in addition to the EU’s already considerably support for the Central African armed forces via EUTM RCA. All European partners must mobilize to help this country.
  4. Jon Alba

    Jon Alba Senior Investor

    May 2018
    Likes Received:

    SUNDAY 14 OCTOBER 2018
    Sudan’s FM to meet Deby, Touadéra over peace in Central African Republic
    October 14, 2018 (KHARTOUM) - Sudan’s foreign minister will travel to Ndjamena and Bangui on Monday to discuss his government efforts to settle the armed conflict in the neighbouring Central African Republic.

    Last month in a meeting held on the sidelines of the UN General Assembly, the African Union integrated the Sudanese initiative to end the armed conflict in the Central African Republic (CAR) between Muslim and Christian militias that continue to destabilize the country despite the deployment of a UN peacekeeping mission.

    In a statement released on Sunday, the Sudanese foreign ministry said Minister El-Dirdeiry Ahmed will hand over a message from President Omer al-Bashir to President Idriss Deby of Chad and President Faustin-Archange Touadéra of CAR.

    The Sudanese initiative, which involves Russia also, provides to bring together the leaders of the warring armed groups to discuss ways to end the conflict and build confidence between the different communities in the country in order to repair social fabric.

    The African Union has its African Initiative for Peace and Reconciliation, however, the mediators failed to bring the armed groups together.

    Last August, the Sudanese government hosted a meeting including the main armed groups, the Christian anti-Balaka militia of Maxime Mokom and Muslim Seleka armed faction led Noureddine Adam.

    At the end of the two-day meeting on 29 August, the two groups signed a framework agreement pledging to cease hostilities and to not obstruct free movement of persons and goods with the neighbouring countries and committed themselves to the African Union process for peace and reconciliation in CAR.

    Khartoum counts on Chad which has good relations with the Seleka militia group to support its efforts to achieve peace in the landlocked country which has growing commercial relations with Sudan.

  5. Jon Alba

    Jon Alba Senior Investor

    May 2018
    Likes Received:
    Central African Republic: Council adopts conclusions

    On 15 October 2018, the Council discussed and adopted conclusions on the Central African Republic.

    In its conclusions, the Council underlines that the situation in the Central African Republic (CAR) is still very fragile and that the EU remains engaged in support of the country. The EU emphasises the need to continue working, through its various instruments, to help the CAR get back on the road to stability, peace and development and to meet the aspirations of its entire population for lasting peace and reconciliation.

    The EU reiterates its support for the African Initiative for Peace and Reconciliation under the auspices of the African Union and the leadership of President Touadéra to reach a peace and reconciliation agreement, to create the conditions for the complete disarmament of armed groups and to strengthen State authority, while preserving the unity and integrity of the CAR.

    The EU also stresses the importance of inclusive involvement of all institutions and all actors of Central African society, including women, youth and civil society. The EU calls on all international actors, especially those engaged in the CAR, to support the action of the government and the African Initiative in a properly coordinated and fully transparent manner.

    The Council also welcomes the commitment of the United Nations Multidimensional Integrated Stabilisation Mission in CAR (MINUSCA), in particular to support the CAR authorities in carrying out the security sector reform process and to help them restore State authority.

    The Council emphasises that the security situation, including hybrid threats, confirms the need to continue to strengthen the Central African Armed Forces (FACA), and welcomes the request by the CAR for additional assistance for the Internal Security Forces, notably by means of civilian engagement. Ministers invited the EEAS to establish and deploy as soon as possible a civil-military interoperability pillar within EUTM RCA, tasked with providing strategic advice in this area.

    The EU remains concerned by the humanitarian situation in the CAR and emphasises the need for the international community to mobilise in response to the humanitarian emergency, and reiterates its own ongoing engagement through the Bêkou Trust Fund. The EU remains strongly committed to the CAR, with an envelope of EUR 487 million allocated for the period 2017-2020.
  6. Jon Alba

    Jon Alba Senior Investor

    May 2018
    Likes Received:
    AXM Technical Charts

    0.015 (5.45%) 10-18 15:57
    Open: 0.27 Prev Close: 0.275
    High: 0.295 Low: 0.27
    Volume: 95,900 Market Cap: 38M
    Year High: 0.3 Year Low: 0.03
    Stock Technical Analysis
    Overall [​IMG]
    Targets Six months: 0.34 One year: 0.40
    Supports Support1: 0.20 Support2: 0.14
    Resistances Resistance1: 0.29 Resistance2: 0.34
    Pivot Point 0.23 [​IMG]
    Moving Averages MA(5): 0.27 [​IMG] MA(20): 0.23 [​IMG]

    MA(100): 0.17 [​IMG] MA(250): 0.10 [​IMG]
    MACD MACD(12,26): 0.02 [​IMG] Signal(12,26,9): 0.01 [​IMG]
    Stochastic Oscillator %K(14,3): 92.98 [​IMG] %D(3): 83.81 [​IMG]
    RSI RSI(14): 69.53 [​IMG]
    52-Week High: 0.29 Low: 0.03 Change(%): 480.0
    Average Volume(K) 3-Month: 11588 10-Days: 10171

    Moving Averages analysis
    Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.

    Bollinger Bands Analysis
    AXM.V has closed below upper band by 4.7%. Bollinger Bands are 173% wider than normal. The large width of the bands suggest high volatility as compared to AXM.V's normal range. The bands have been in this wide range for 2 bars. This is a sign that the current trend might continue.
    Stock News

    EPS 0.010
    EPS Est. Current Year
    EPS Est. Next Year
    EPS Est. Next Quarter
    Forward EPS 1.#IO
    Shares Out. (M) 130.50
    Shares Float (M) 48.16
    Book Value (p.s.) -0.010
    PEG Ratio
    Profit Margin 78.02
    Operating Margin 76.96
    Return on Assets (ttm) 58.5
    Return on Equity (ttm)
    Qtrly Rev. Growth 57.9
    Gross Profit (p.s.) 0.012
    Sales Per Share
    EBITDA (p.s.)
    Qtrly Earnings Growth 64.60
    Operating Cash Flow (M) 1.19
    Levered Free Cash Flow (M) 0.73
    P/E 29.00
    P/E Growth Ratio 0.04
    P/BV -29.00
    P/S 3784499968.00
    P/CF 31.80

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