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 skipjackmackon Nov 21, 2011 4:00pm

213 Views

Post# 19255331

RE: added a few more

hey there bobwins...thanks for the excellent post. i have also bought some today at 0.05. the market is pricing this company as though the project will never go ahead or as though there'll be nothing left for current shareholders if it does...i think both those assumptions are incorrect and i actually see large upside potential from here (3-4x at least)...for sure, this could go lower in the next 1-2 months, but equally as we have seen recently it only take a few days of sustained buying to add 20-40%...risk:reward stacked in favour of longs...tax loss selling will pass and first serious bidder willing to stick in $250k+ moves this up 20%...just my opinions, sjm

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