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AXMIN Inc V.AXM.H

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.H - Post by User

AXMIN Inc
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(24)
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Comment by baystock1on Aug 29, 2010 3:02pm
301 Views
Post# 17394078

RE: HIGH VOLUME

RE: HIGH VOLUME> Besides that they then most likely if they are not already doing sowill be looking at the financing of this project so positive news inthis area will drive this stock.<

kre8, any thoughts on why Axmin's shareprice didn't explode in a sustainable manner after the granting of the mining license ? Is it because the market is skeptical that the Passeandro mine can be project financed, possible because it is in CAR. I know that Banro has been unable to project finance their mine in the DRC. They have had to raise 100% equity financing. Hopefully CAR is different, even though it is sandwiched between DRC, Sudan and Chad which are notorious for their instability and strife. Since Axmin is building the first modern mine in CAR, there is no precedent for a successful project financing in this country.
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