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

Bullboard Posts

Post by baystock1on Sep 11, 2010 5:09pm

393 Views

Post# 17437682

Institutional ownership

is around 8% according to the FT website. Don't know if this takes into account the afnat acquisition or not:

https://markets.ft.com/ft/tearsheets/businessProfile.asp?s=AXM:CVE

Also scanning over the companies that FT has identified as peers of axmin, none of them look as attractive taking into the assets and their stage of development

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages