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 sgandzaon Feb 27, 2012 9:18pm

146 Views

Post# 19594978

RE: RE: RE: Concerned

Thanks for that post sjm. Either way, when it happens the share price will jump quickly. I can't see them trying to issue at the current SP, and there has to be a way to minimize dilution. $100 mil for better than half this mine would be a steal. I'm not as worried as some here and will be adding to my position at the $.50 range we are in now. I don't see it dropping back down to $.35, volume is too high and the financing plan is unfolding as expected. However, if the news starts to dry up again and the volume drops off, anything can happen. Either way, it's in the speculative portion of my portfolio and I'm in this until production starts - and will either lose it all or make a fortune.

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