Negotiations Advancing w/Capital Requirements
I recently decided to take a position in the last few sessions due to the fact that the Market is severely Discounting AXMINS Progress to date. The Gold is there.....and the Groundwork has been Laid to get it out of teh Ground and all that has to be done at this Point is fine Tune the Capital Requirements and Broadcast it to the MarketPlace. The Project Economics are Amazing at the Current POG. Globally Central Bankers will try and inflate their Debts away. This is the Perfect storm for GOLD in the next few years. I am expecting a Parabolic Move in teh coming Months.....AXM is on the Cusp of Becoming a 10x or 20x bagger and the Market isn;t even aware of it yet. This is Ideal to gain a leveraged Position in an up and coming Low Float Junior Miner. Best of Luck Folks !
A Recap of the Companies October Presentation is Listed Below: The current shares are going for a Song ! +160,000 oz/year producer at Passendro, CAR
? +200,000 oz/ year production first 3-years production at cash cost of US$437/oz result in rapid 2.2 year payback
? Strong economics at US$1,100 oz gold – significant gold price upside
? Debt facility to finance up to 66% of capital requirements well advanced
AXMIN has positive relationship with the CAR Government ? CAR Government received signature bonus of US$11
million, final tranche paid in Jan 2012
? CAR Government, in lieu of carried interest, received 2.6 million AXMIN shares and 2.0 million warrants at US$3.00 per share
? High ranking CAR Government officials support AXMIN’s development; state visit to Canada re-enforce commitment
?To date a total of US$235 MM debt Mandate Letters signed:
? US$100 MM – Standard Bank (Mandate Lead Arranger)
? US$85 MM (DEG, CAT Finance, Natixis and FMFM)
? US$50 MM IFC (US$25 MM Senior, US$25 MM Convertible); IFC
Lead for the Development Finance Institutions
?Lenders’ due diligence led by Standard Bank and IFC is progressing:
? Golder updating ESIA to meet IFC Performance Standards
? Optimizing and updating OPEX and CAPEX costs to be completed
for the finalization of Lenders’ terms sheet
? Final version of preferred EPCM contractor submitted to Lenders’ legal counsel for approval before award and announcement
?Negotiations advancing for the equity component of the projects capital requirements
https://www.axmininc.com/site/Portals/0/AXM_Marketing_October_2012.pdf
