AXMIN Inc V.AXM.H

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So far the new management of Axmin (George Roach and co.) has stated what they are planning to do and gone ahead and done it. One year ago at the AGM George Roach stated that the mining license for Passendro would be granted soon and sure enough around 6 weeks later the granting of the mining license was announced. At the same AGM in response to a direct question about why not get a reverse split out of the way, he indicate a reluctance to do so. And a year later we still have not had a reverse split. While there is the possibility of one now being put to the vote, I am confident that our business savy management will do it in a way that is in the best interests of existing shareholders.


At the upcoming AGM at the end of June hopefully they will announce that an agreement on a debt financing underwriting is imminent. If so they should hold of on announcing the debt financing until all there ducks are lined up:
1) wait for the sentiment for gold shares to turn around from the extremely negative sentiment prevailing today.
2) The spinoff company should be ready to announce a week later after the debt financing announcement
3) Be prepared to do a large equity raise for the 33% equity component when the share price shoots up dramatically as a result the new buying resulting from the debt financing agreement news and the short covering resulting from the announcement of the spinoff dividend date a few weeks later.