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.

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AXMIN Inc

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Comment by baystock1on Jan 10, 2013 11:51am

138 Views

Post# 20820559

RE: RE: RE: RE: take what left before a total loss

Sawtooth, I agree that axmin is a hold not a sell at these prices.

Fortunately I sold a bunch of axmin this past summer, the proceeds of which (after some trading in AUMN) has found a long term home in Gran Colombia (GCM.TO/TPRFF) which has good management and a good location. They have financing in place to expand their production from the current 100k oz/yr to 200k oz/yr. They also have a pipeline of projects currently in place to grow production organically to 600-800k oz/yr range. All this for $140 million market cap. I mention Gran Colombia because IMO it has the highest upside for least risk. Goodluck.

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