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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Comment by wildman2on May 19, 2011 1:50am

207 Views

Post# 18598502

RE: Re: RE: RE: RE: RE: RE: All I really wanted wa

good post. The only thing that I will contest is there is no political will at all to have a gold standard. I know people talk aobut that, but I think that is a can they will kick down the road as long as they can.

The next thing where money/currency is concerned is a basket of currencies or a complete circumventing of the american dollar.

China and Russia for instance have already switched from trading in american currency and trading in their own currencies.

The U.S. dollar will decline. The money they have printed can go to the moon and they are monetizing their debt by buying their own Treasuries. That is a ridiculously slippery slope. Who is going to buy their Treasuries that they have to keep printing to support their economy when they stop monetizing their own debt.

Yikes. It could get ugly.

which is of course wonderful for gold.

The caveat though is for gold miners to go up, someone has to invest in them, and the banks and investment houses control the world. Banks are invested in gold the same 5% they always have been. They talk about a bubble, but it is the non-invested bubble. Silly talk.

gold will be in a bubble when 70 percent of people's portfolio is in gold, not 5%. The same as always.

For me, one of the silliest things I have ever seen in the market and how it trades is right now in the relation of gold to the s and p.

Gold miners are overpriced when they are in many cases at prices like AXM is right now, and the s and p is fairly priced?

You have to be kidding. There has been a 23 percent bear market pullback in the Venture exchange in 2011 and the S and P has corrected 3 percent.

No. This can't be true. And it is because all of the money printed is landing in the S and P and Nasdaq, even though the illogical nature of investing in FEDEX when oil is up 70 dollars from 2009 can't be lost on anyone can it?

How could you possibly invest in the company getting its margins slashed by its input costs (s and P) and not invest in the company that controls the input costs and passes them on (oil produceers, silver producers, all inflation hedges)

A lot is non sensical, but in the end, you buy stocks at good value with growth stories and you wait for the world to see what actually makes sense.

this company at 15 dollars an ounce does not give me pause at 8 cents.

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