RE:Not quite the reaction the basher was hoping for. I did some more research into the situation and it looks like the UPC forged a fake document and the Russians got duped into signing it. This happened because CAR officials tried to integrate UPC fighters into the ranks(DDRR program) and they wanted to pocket some side money. Well it's 100% illegal because Axmin cannot lose this permits unless 1) written notice is sent 2) court hearing is undergone. The only thing Axmin might of lost is the expansion claims Bambari 1 & 2, but not Passendro. If this was real and happened last year, the company would of said something but instead they got A) JV with Au Group signed B) Survey completed which let them get that LOI started in the first place. Why would a serious company like Au Group sign with AXM if they didn't own the claim?
This isn't George Roach and the old white guys in CAR, this is a Chinese company backed by Beijing. If there was a shred of truth to Axmin losing permits, they would win in court in a heartbeat based on all the paperwork. Chinese might not be the best at marketing, but they superceede at everything else.
What I also like is we got Senegal as an insurance policy. The geologist of Axmin back in 2010 told Teranga that every single target there would produce 4-500k ounces each and of course Teranga didn't believe it and their 2016 43-101 said Gora would barely produce 100k ounces of high grade gold. Well fast forward to what we know now and it produced just over 400k ounces in it's life time. So keep that fact in consideration when we got 17 other targets and gold is $1700. Works out to around 17 X 400,000(oz) X $1700 = $11.56 Billion for Teranga at least and we get 1.5% of that which is 173.5 million USD. Now if gold goes up(which is should) and then we find other targets because the parcel is 338km2 and not all of it has bene explored, well that alone makes AXM a $2-3 stock.