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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    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 www.axmininc.com.

    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]
    604-339-7688

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

    Jon Alba Senior Investor

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    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

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    Article - France Urges EU To Help Stabilize The Central African Republic

    https://www.diplomatie.gouv.fr/en/french-foreign-policy/european-union/events/article/eu-jean-yves-le-drian-attending-foreign-affairs-council-15-10-18


    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

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    http://www.sudantribune.com/spip.php?article66426

    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.

    (ST)
     
  5. Jon Alba

    Jon Alba Senior Investor

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    Central African Republic: Council adopts conclusions

    https://www.consilium.europa.eu/en/press/press-releases/2018/10/15/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

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    AXM Technical Charts

    http://canada.stoxline.com/q_ca.php?s=axm.v

    (AXM.V)
    0.29
    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

    Financials
    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
    Valuation
    P/E 29.00
    P/E Growth Ratio 0.04
    P/BV -29.00
    P/S 3784499968.00
    P/CF 31.80
     
  7. Jon Alba

    Jon Alba Senior Investor

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    Russia to send more military trainers, equipment to Central African Republic

    https://af.reuters.com/article/commoditiesNews/idAFL8N1WZ4XZ

    MOSCOW, Oct 19 (Reuters) - Russia said on Friday it planned to send additional military equipment to Central African Republic (CAR) and deploy 60 more instructors to train the country’s armed forces, escalating its most significant military foray in Africa in decades.

    Russia donated hundreds of weapons and sent 175 trainers to CAR earlier this year to bolster the government’s fight against militia groups after receiving an exemption from a United Nations arms embargo.

    According to diplomatic and security sources, many of the Russians in CAR are private security contractors and their remit has expanded into mediating negotiations among armed groups, securing mining projects and advising CAR’s president.

    Russia’s activities in CAR are part of a wider push to re-establish influence in sub-Saharan Africa that waned after the Cold War. It has signed military cooperation deals with 19 countries since 2015 and expanded diplomatic and trading ties.

    In one of its most extensive comments to date on the subject, Russia’s foreign ministry defended its actions in a statement against what it said was “a certain ‘jealousy’” by other foreign powers over Russia’s role in CAR.


    “We believe this kind of position to be counter-productive, particularly in the current context, when constructive cooperation of all international ‘players’ and not competition or ‘zero-sum games’ is urgently called for,” it said.

    “With the knowledge of a relevant U.N. Security Council committee we are planning to send to CAR an additional 60 civilian instructors and the second part of military purpose products.”

    According to a confidential memo seen by Reuters, the Security Council’s 15-member CAR sanctions committee agreed last month to Russia’s request to send the 60 additional instructors, provided they coordinate with CAR’s U.N. peacekeeping mission.

    But France, the United States and Britain placed a hold in August on further arms shipments pending confirmation that measures had been taken to secure the previous donation.

    Estimates of the total number of Russians in CAR vary widely, from 250 to 1,000. The foreign ministry did not respond directly to questions about the presence of private security contractors.

    CAR has faced near-constant armed conflict since 2013, when a mostly Muslim Seleka rebel coalition overthrew then-president Francois Bozize, prompting reprisals from Christian ‘anti-balaka’ militias. (Reporting By Maria Tsvetkova; Writing by Aaron Ross)
     
  8. Jon Alba

    Jon Alba Senior Investor

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    UN Summary Report For CAR (From June 15th 2018 to October 15th 2018) - In PDF Form

    https://reliefweb.int/sites/reliefweb.int/files/resources/N1830975.pdf

    Note - This is a report from the UN(MINUSCA) and does not detail the effort and support from other groups such as the EU(European Union), Russia, AU(African Union), China, USA, France, etc. Opinions have not been posted below as this is just one perspective from an individual writing the report. The key notes below are meant to show actual events compared to what the writer is actually talking about or speculates.

    I have condensed everything and taken out all the important key notes of events that have taken place over the four month period.

    Total - 21 Pages (12-21 are personal opinions and have not been posted)

    Page 3

    The African Initiative is widely recognized among all stakeholders as the ma in
    principle framework for the peace process in the Central African Republic, although
    its operationalization has taken time and it lacks the required resources. One year
    after the adoption of the Libreville road map, the Initiative’s panel of facilitators
    concluded its “listening tours” with the 14 main armed groups. At the most recent
    meeting, held in Bouar from 28 to 30 August, the panel helped to harmonize the
    groups’ demands, which were subsequently submitted to President Touadéra for
    consideration by the Government. This represents an important preparatory step
    towards dialogue between the Government and armed groups, tentatively scheduled
    for November. The panel also consulted two exiled former Heads of State, Francois
    Bozizé and Michel Djotodia. In July 2018, the Initiative, with support from the
    Peacebuilding Fund, organized training sessions to prepare armed groups,
    government representatives and political and social leaders for direct dialogue, with
    the support of the Community of Sant’Egidio and the African Centre for the
    Constructive Resolution of Disputes. The United Nations Entity for Gender Equality
    and the Empowerment of Women (UN-Women) and the United Nations Development
    Programme (UNDP) organized workshops and seminars to engage women and yo ung
    people

    On 28 August 2018, a meeting was convened in Khartoum with the three main
    ex-Séléka factions and one anti-balaka faction, with the support of the Russian
    Federation. That followed an earlier meeting in Khartoum on 10 July that only the
    Front populaire pour la renaissance de la Centrafrique attended. The second meeting
    resulted in a declaration, by which armed factions pledged their support for peace and
    dialogue within the framework of the African Initiative.

    In Bangassou, a local agreement was signed in April 2018, complemented by
    the arrest of militia leaders, disarmament through community violence reduction
    programmes, the deployment of units of the Central African armed forces trained by
    the European Union Training Mission and intercommunal dialogue by local leaders.
    Those efforts have produced a noticeable decline in attacks on civilians in recent
    months. In Bangui, intercommunal dialogue in the city’s third district facilitated the
    gradual return of people displaced following Operation Sukula. Local peace and
    reconciliation processes in Markounda and Zemio have helped to reduce violence,

    Page 4

    (continued from page 3) increase freedom of movement and facilitate the return of State authorities. Similarly,
    in Bouar, they have helped to eliminate illegal checkpoints, stop intercommunal
    violence and secure a commitment from the armed group Retour, réclamations,
    réhabilitation to demobilize and disarm as part of the disarmament, demobilization
    and reintegration programme. In July, that group and anti-balaka leaders in Bouar
    destroyed 1,652 weapons that had been collected through community violence
    reduction programmes, symbolizing their commitment to disarming. The
    Government, with MINUSCA support, also established eight new local peace and
    reconciliation committees across the country.

    Page 5

    Out of a total of 7,087 verified soldiers of the Central African armed forces, 243
    have been deployed in Am Dafok, Boali, Bouar and Moungounba without MINUSCA
    or partner support. A total of 612 personnel trained by the European Union Training
    Mission have so far been deployed in Bangassou, Bouar, Dekoa, Obo, Paoua and
    Sibut, working alongside MINUSCA. The Central African armed forces has received
    contributions from bilateral partners, including armaments, vehicles, communications
    and other equipment. MINUSCA is responsible for the ad hoc supplies of fuel in
    Bangassou, Obo and Paoua, which it then receives in the same quantities by the
    Government in Bangui. The majority of the 3,232 police and gendarme officers
    remain in Bangui owing to a lack of essential equipment and logistics necessary to
    deploy new recruits throughout the country as planned (new EU & Russia support will resolve this)

    Page 7

    During the reporting period, several initiatives were undertaken to help the
    Government to re-establish the rule of law and State authority and to provide services
    in response to citizens’ request. MINUSCA and the United Nations Children’s Fund
    (UNICEF) supported the organization of the 2018 national baccalauréat exams.
    MINUSCA and UNDP worked with the Government to develop “Lisango 2.0”, a
    software to facilitate the planning of civil servant deployments. In August, five new
    prefects, including three women, were nominated to replace the retired prefects of
    Bamingui-Bangoran, Basse-Kotto, Mbomou, Nana-Gribizi and Nana-Mambéré.

    The Special Criminal Court rules of procedure and evidence were promulgated
    on 2 July 2018. The Court is actively working, with MINUSCA support, to develop
    its prosecutorial and case selection strategy. The judiciary resumed criminal sessions
    in several areas, with support from MINUSCA and UNDP. The Bangui Court of
    Appeal held its second criminal session from 16 July to 31 August, in which 15 cases
    were heard, including several related to the conflict. In August, the Bossangoa High
    Court resumed its criminal sessions, which had been suspended since 2013. However,
    in general the capacity and functioning of other national judicial and corrections
    structures, particularly outside Bangui, remained limited.

    The Mission continued to support the demilitarization of prisons, including the
    recruitment of 150 out of a total of 300 prison officers. The Mission apprehended nine
    high-profile individuals using its urgent temporary measures and supported the
    transfer to Bangui of 54 detainees, including anti-balaka leader Pino-Pino, who had
    been accused of involvement in attacks against civilians and peacekeepers in May
    2017.

    Page 8

    MINUSCA is supporting the Government’s launch of its disarmament,
    demobilization and reintegration programme, starting in the west with seven armed
    groups, and continued to expand community violence reduction programmes in six
    locations for 5,100 beneficiaries. The Government continued to engage with other
    armed groups to reach further agreements and extend disarmament and
    demobilization to other parts of the country

    On 4 July 2018, the National Assembly adopted a law establishing a High
    Council on Security to ensure greater accountability and civilian oversight over the
    security sector. On 24 August, the President approved the Government’s proposal to
    reserve 10 per cent of new posts in the Central African armed forces and security
    forces for former combatants, until 2021. At the request of the Government,
    MINUSCA started to support the recruitment of 1,023 Central African armed forces
    personnel, using quotas to ensure fair geographic and gender balance. In August, the
    European Union Training Mission concluded the training of the third infantry
    battalion of the Central African armed forces. On 30 July, the mandate of the
    European Union Training Mission was extended until 19 September 2020

    The 500 new police and gendarmerie recruits were scheduled to complete their
    general training and start specialized training by the end of October 2018. MINUSCA,
    through the Mine Action Service, continued to support weapons and ammunition
    management by assisting the national defence and security forces with infrastructure
    planning and refresher training

    Page 9

    MINUSCA and the United Nations country team, along with other partners,
    have supported the Government in the implementation of the National Re covery and
    Peacebuilding Plan for the period 2017–2021, to which donors have pledged some
    $2.2 billion. The biannual review in June and July showed an increase in the delivery
    rate of funds to 49 per cent, although disbursement remained slow. The Mutual
    Engagement Framework biannual review highlighted the need to strengthen national
    capacities at all levels and to improve national ownership of the Plan and Framework.
    It highlighted the urgent actions required to achieve peacebuilding priorities,
    including the swift adoption of laws and regulations to launch the preparation for
    elections and further deployments of the Central African armed forces and internal
    security forces alongside MINUSCA. Efforts continued for the development of the
    sectoral strategies, policies, plans and frameworks that were essential for accelerating
    the programming and delivery of the resources mobilized so far and for translating
    them into peace dividends for the population

    The International Monetary Fund reviewed the country’s Extended Credit
    Facility Agreement and approved in July a disbursement of $32.1 million. A portion
    would be used to pay 2003 salary arrears of civil servants and the gradual settlement
    of domestic debt with private companies. In June, the National Assembl y adopted a
    revised finance bill that increased social spending and public investments.
     
  9. Jon Alba

    Jon Alba Senior Investor

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    there are more key notes between pages 10-11 but I cannot post them due to a character limit on this site
     
  10. Jon Alba

    Jon Alba Senior Investor

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