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

Post by Easy2Mineon Dec 17, 2012 11:11am

172 Views

Post# 20739813

Insiders Buying Open Market...

Big Insider Purchase @ $0.225

https://www.canadianinsider.com/node/7?menu_tickersearch=axm

AXM Chairman buys Shares:

On Nov 17, 2012 David De Jongh Weill Purchased 200,000 shares in the Open Market @ $0.225

AXM is a Developmental Stage Junior sellig at a substantial discount to the NPV of its Deposits, and not to mention the Vast upside via exploration on its Properties.

Major companies know it is easier to Buy resources than to discover them.Shareholders of these Larger Companies are now voicing to Managament that they do Not want to see them BUY 20 Million ounces at 5,000m in teh Andes only to have to spend $7 Billion to bring the Deposit on to Generate 8% Internal rate of Return (IRR) with a 7 -year Payback. They now prefer something that Generates 30% IRR with reasonable amounts of Capital where you get Payback in three years.

Now you See Why I like AXMIN and their Deposit.

The Beauty of this current Market is that peoples expectations are so low that when Real News Arrives....The Upside will be Substantial.

AXM is an advanced Junuor with not only a PEA but alos a BFS(Bankabe feasibility Study) completed. It usually takes a few years to attain these Designations for a Deposit. A Completed BFS gives legal cover to outside directors of an acquirer. It takes courage to take out a company with only Just a PEA.....but with a BFS in hand (Like AXM has) you are covered. The Prfessional risk to the acquirers' board of directors is effectively eliminated.

PS> Don'tt think for a minute that AXM's Largest Shareholder will allow a Takeover of AXM;s deposit at these Low Levels. The Upside should be substantial to entice. $50 Million would IMO be a LowBall Offer with the current Share Structure....or Just Shy of a $1.00 per share