|NAI500 Article On Axmin inc:|
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.
AXMIN(TSXV:AXM) Axmin Jan 22 - Feb 19, 2019
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.
| Reply to Jimjones1972 - Msg #6297 - 02/12/2019 09:02|
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.
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.:
Chairman and CEO
David de Jongh Weill
Chief Financial Officer and Corporate Secretary
+65 9781 8281