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Bullboard - Stock Discussion Forum AXMIN Inc V.AXM.H

Alternate Symbol(s):  AXMIF

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... see more

TSXV:AXM.H - Post Discussion

AXMIN Inc > Ndassima Arbitration Date Set For October 20th 2021
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Post by Roddiggiti on Sep 20, 2021 4:40pm

Ndassima Arbitration Date Set For October 20th 2021

https://www.rfi.fr/fr/afrique/20210920-dossier-minier-de-ndassima-un-arbitrage-entre-la-centrafrique-et-axmin-se-tiendra-%C3%A0-abidjan
 
Ndassima mining case: an arbitration between the Central African Republic and Axmin will be held in Abidjan
 
Published on : 09/20/2021 - 04:55
 
In the Central African Republic, the case concerning the mining permits of Ndassima, the only mines in the country known to be industrially exploitable, continues. The permit was withdrawn from the Canadian Axmin consortium at the end of 2019 because the authorities accused it of not having met the legal deadlines to start operations. Axmin opposes its inability to operate because of the security conditions and in particular the presence of armed men on the site. 
 
It took several weeks for a date to be set. It is therefore on October 20 that the arbitration will be held between the Canadian junior Axmin and the Central African State. The meeting will take place in Abidjan. The mediator has been appointed but his identity is kept confidential. The objective is to find a way out of the crisis from this situation. But for the company Axmin, the goal is clear, it is to recover the two licenses withdrawn two years ago now. A withdrawal that she considers illegal. 
 
Contacted the Minister of Mines did not wish to comment, specifying to prepare for the meeting at the end of October. Rufin Benam Beltungou, recently appointed to this post, was before that the advisor on natural resources to President Touadra. In a note addressed to the Head of State, he advised at the time to "  go back purely and simply on this decision to withdraw  " considering that this decision lacks "  legal basis  ". 
 
Comment by YouSellandIBuy on Sep 20, 2021 6:20pm
Finally! about damn time! Fingers crossed for a double update with Senegal and CAR in 6-8 weeks.
Comment by Dragoon on Sep 21, 2021 3:11am
Finally indeed! And a clear date to start the arbitration so we are getting somewhere! I like this part: Contacted the Minister of Mines did not wish to comment, specifying to prepare for the meeting at the end of October. Rufin Benam Beltungou, recently appointed to this post, was before that the advisor on natural resources to President Touadra. In a note addressed to the Head of State, he ...more  
Comment by MuscleMooseBill on Sep 27, 2021 7:44pm
Comment by 1BASHRSMASHER on Oct 04, 2021 3:18pm
Just talked with Joe and from what i could understand its on Oct 25, you can call Joe and get it verified. 
Comment by Tree2tree on Oct 05, 2021 6:56pm
I also talked to Joe and he laughed, saying that anybody who still believes there is any hope for AXM is a complete and utter fool and will get what they deserve.  You can call Joe and verify.  Or you can look at the history of AXM and CAR (and Russia) objectively and make your own rational judgement.
Comment by tsoprano24 on Oct 06, 2021 11:12am
Talked to him and had no knowledge of your call(big surprise). Said all he could say was wait for process to run its course. They have the law on their side. Why not stick to that little floater Thor? Your bitterness for not selling higher here is showing. Or is this about getting scorned by Lou? T
Comment by Tree2tree on Oct 07, 2021 3:42pm
Ha ha I guess maybe you didn't get the joke!  Maybe my Joe and your Joe are not the same person!  The difference is that my Joe is an honest and objective observer, while your Joe is part of the mafia created to scam people like you.  Anyway you deserve it.  I have no idea who you are of course, aside from probably the biggest fool posting on SH, still trying to make money ...more  
Comment by jeffrey8 on Oct 14, 2021 4:45pm
Joe would never say that so stop lying.
Comment by Tree2tree on Oct 24, 2021 10:11am
So did anything happen on October 20th?  I keep calling Joe, but he won't tell me anything.  We need a new Joe.
Comment by tsoprano24 on Oct 24, 2021 12:02pm
I'm sure this process will take weeks to decide. Lots of bribes and threats no doubt in a backwards country. If it wasn't corrupt we wouldn't be trying to prove we own something that we clearly own. I'll bet mid November. T
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