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 Thedondomon Mar 09, 2020 7:31pm

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Post# 30785910

RE:Outside Club - China Buying Gold Mines Worldwide

You can Google that article title and the link will come up. Bottom line, Passendro will be acquired by the Chinese government. It's hard in the year 2020 to find just large deposits with low costs of production. The Chinese are hoarding minerals and I would bet my house that Shirong (Largest AXM Shareholder) probably has Passendro sold. But I would assume it's on the terms of getting the site secured/operational, which will happen shortly. AU Metals clearly is connected to the government as an SOE and it even says that in the last news release. Plus, all the people that Axmin hired last year are connected to SOE's. Doesn't take an investment guru to figure out whats happening here.

RBC is playing everyone on the ask side which I find hilarious. Shaking out weak hands, gold is where everyone will be investing thanks to the Coronavirus and global recessions everywhere.

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