AXMIN Inc V.AXM

Alternate Symbol(s): AXMIF

Metals & Mining Gold

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.

TSXV:AXM - Post by User

AXMIN Inc

Bullboard Posts

Comment by wildman2on Apr 06, 2011 9:35am

405 Views

Post# 18392182

RE: RE: cormark

You guys are missing some fascinating stuff here. Cormark is determined to sell their entire position in this company at this level even though gold is surging every day to new highs at 1460 now.

Cormark has sold 95 percent of the shares sold in the last 4 days. I would say about 4 million shares so far and they are the only seller.

Now this morning Raymond James has stepped in for the first time and just about the first 200 thousand shares of the day.

Just about every brokerage house that I know is now behind this at .12 and Cormark is selling out of it at .12

It should be interesting to see how it all plays out.

I have to think that every bank around has more interest in this level of 12 than cormark has shares to sell eventually.

Bullboard Posts

Defence Therapeutics touts anticancer treatment and immune booster