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.

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AXMIN Inc

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Post by Bobwinson Nov 28, 2012 2:55pm

249 Views

Post# 20656378

spoke too soon

Looks like the tax selling bug is hitting our low liquidity sleeper. Got as low as .17 today. New 52wklow.

Since my average cost is .58, I am not looking good. Most mining stocks are undervalued in this risk averse environment and financing is really tough but 3 million oz + feasibility is only worth $12million bucks????

Hard to believe. I am mostly sticking to undervalued producers and there are plenty but I am getting tempted to do the dreaded average down again with Axmin.

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