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

Comment by PositionTradeon Oct 26, 2011 10:51am

291 Views

Post# 19182508

RE: Mine Development Team

Little hope to build a profitable mine by current Mgmt alone, because it is too difficult and causes too much dilution to raise $300m funds for construction.

Best, and most likely, is being taken over by some producer with deep porcket.

Then everyone will be happy, the buyer, most of shareholders, the goverment, and even the current management - they may still keep their jobs, except CEO position.

JMHO

Bullboard Posts

Investors eye Australian gold mining projects amid promising developments