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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Post by canadian0308on May 10, 2011 1:12pm

327 Views

Post# 18554624

STOP THE SHARE CONSOLIDATION RUMOR!

Thanks to wildman2, I have finally in touch with the IR. Here is Judith's reply
Share consolidation is a question we get from all of our shareholders and I suppose that is because NA markets are not as familiar with large number of shares outstanding. If AXMIN were to do a share consolidation we would have to issue a press release announcing it and it would be subject to shareholder vote. What they really need to consider is our market capitalization - we are currently trading at $56 million that is $18/oz of gold in our asset base - our peer group trades anywhere from $80 to $315/oz of gold!! We are significantly undervalued and I believe that once we have indications from our potential debt providers that will signal to the market that we are moving forward towards building the Passendro mine at which time you should see a re-rating of our share price to better reflect the true value of our assets.
Now would people please stop the silly rumor!

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