Investing

Locked: AXMIN- AXM.V 2+ Mil ounce gold play

  • Last Updated:
  • Sep 2nd, 2018 12:28 pm
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Sr. Member
Dec 19, 2010
907 posts
348 upvotes
Toronto, Ontario
loopy1984 wrote: Never know it could come down, people have been trying to push this down with small 500 share sell downs. Check L2, it’s the thinnest I’ve ever seen it and the bids growing in the low teens. Literally nothing available over 15, which is crazy for a play that gone up so much in a few months. Tells me ppl will be patient and wait for car this year.
got filled lol.
$1000 @ 0.12
let's see where this goes
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
Nice I’m on the bid for more at 11-11.5

I’ve contacted a crap ton of sites to cover this play, so far so good. Stay tuned.

Q1 out next week or so to
jamieee wrote: got filled lol.
$1000 @ 0.12
let's see where this goes
Deal Fanatic
User avatar
Nov 19, 2004
9356 posts
2211 upvotes
Cambridge, ON
loopy1984 wrote: Nice I’m on the bid for more at 11-11.5

I’ve contacted a crap ton of sites to cover this play, so far so good. Stay tuned.

Q1 out next week or so to
Keep the information coming. It is difficult to find information that isn't dated.
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
Few things today.
1. Tgz has been told by Axm they want their back logged gold royalty money ASAP. So that will add another 1.5 mil usd to our balance sheet
2. Tgz just released a presentation yesterday and it shows goras reserves have been updated to 800,000 ounces. So far only 260k has been mined. If this is accurate holy hell thats another 10 plus million USD in royalties still from Gora Mine and we have 2-3 more claims coming into production soon.

This play literally gets better and better it’s beyond insane, if some big whale or some big investment firm/site take notice, this will run longer than forest gimp


don242 wrote: Keep the information coming. It is difficult to find information that isn't dated.
Deal Expert
Jun 26, 2011
15096 posts
5413 upvotes
GTA
loopy1984 wrote: Nice I’m on the bid for more at 11-11.5

I’ve contacted a crap ton of sites to cover this play, so far so good. Stay tuned.

Q1 out next week or so to
Makes me very skeptical when someone says they have a cost average of 4.25 cents, starts recommending the stock to many others at much higher prices and the average daily volume of the stock is minimal in dollar value.
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
I can careless what you think of me or how I trade; look at my history on the other board I disclose all my picks and offer free DD. All I’ve done is made ppl a lot of cash on this site and all my plays have certain criteria

1.high insider ownership
2. Close or already cash flow positive
3.stock isn’t a diluted pig
4.is the management team solid?
5. Are owners using the company as an ATM machine or get paid fair wages for hard work.

Maybe Axm is up so much bc it shouldn’t have been at 3 cents to begin with?

Read my research, but just like 99% of investors ppl are lazy and don’t wanna do the work...just critics or want to get rich quick.

Plus this is the venture exchange same rules like the TsX don’t apply, you will see many companies that trade very low volume.

Also I mentioned this stock at 5 cents on the other board.
RolandCouch wrote: Makes me very skeptical when someone says they have a cost average of 4.25 cents, starts recommending the stock to many others at much higher prices and the average daily volume of the stock is minimal in dollar value.
Deal Expert
Jun 26, 2011
15096 posts
5413 upvotes
GTA
loopy1984 wrote: I can careless what you think of me or how I trade; look at my history on the other board I disclose all my picks and offer free DD. All I’ve done is made ppl a lot of cash on this site and all my plays have certain criteria

1.high insider ownership
2. Close or already cash flow positive
3.stock isn’t a diluted pig
4.is the management team solid?
5. Are owners using the company as an ATM machine or get paid fair wages for hard work.

Maybe Axm is up so much bc it shouldn’t have been at 3 cents to begin with?

Read my research, but just like 99% of investors ppl are lazy and don’t wanna do the work...just critics or want to get rich quick.

Plus this is the venture exchange same rules like the TsX don’t apply, you will see many companies that trade very low volume.

Also I mentioned this stock at 5 cents on the other board.
I think you meant "couldn't care less". But I actually don't care how you trade...just suggesting to others that it may be wise to do their own DD. Hope you all make money.
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
Everything I post is from Sedar or presentations, everyone can look for themselves and I always recommend they look for themselves

I just find it funny how the first ppl to critique never take their own advice and read before they
Comment.

We’re all here to make money, if ppl don’t like what i post they can ignore or tell us stocks they recommend.


Anyways back to the beach as vacation is almost done
RolandCouch wrote: I think you meant "couldn't care less". But I actually don't care how you trade...just suggesting to others that it may be wise to do their own DD. Hope you all make money.
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
Q1 coming out any day now, excited to see what were told
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
Just got 100,000 more shares at 10 cents, my buddy got 81k at 10
Deal Fanatic
User avatar
Nov 19, 2004
9356 posts
2211 upvotes
Cambridge, ON
loopy1984 wrote: Q1 coming out any day now, excited to see what were told
Well hopefully it is good news since the price seems to be heading down.
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
welcome to small cap trading!

It's one house selling, 540,000 shares dumped by TD...old shareholder who probably been in this for years and just wants out
don242 wrote: Well hopefully it is good news since the price seems to be heading down.
Sr. Member
Oct 27, 2009
769 posts
10571 upvotes
Montreal
All my gains gone!!!! :P
Financial and Debt Advisor
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
You will be fine, next Q will show a min of $500,000 min profits USD..plus we probably get an update on all the back pay TGZ owes up.

I'm in this long term, love the newer management team.
MTLGuru wrote: All my gains gone!!!! :P
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
Passendro Gold Project Information - 3.13 M+I 43-101

http://www.axmininc.com/Corporatenbsp.php

For those that can't view link, here is a copy/paste of information:

XMIN Inc. (AXM-TSX Venture) is a gold exploration company with a track record of finding and developing mines in Africa. AXMIN's strategy is to focus on newly democratic countries where it has the opportunity to acquire highly prospective ground as an early entrant.

In June 2010, AXMIN announced the completion of the acquisition of AfNat Resources Limited, at the same time the Company announced a restructuring of management and the Board, George Roach was appointed President and CEO. Shortly thereafter, in August 2010, AXMIN was awarded a 25 year Mining Licence (ML) for its Passendro Gold Project and two 3-year renewable exclusive Exploration Permits that ring-fence the ML and cover 90 sq km of strike along the prolific Bambari greenstone belt.

The Passendro Gold Project is located in the centre of its 90 km long Bambari permits, located in north-central Central African Republic (CAR). Passendro has as of June 2009, a NI 43-101 Indicated mineral resource of 2.03 million ounces Au (31.5 Mt grading 2.0 g/t Au) and Inferred mineral resource of 1.10 million ounces Au (21.7 Mt grading 1.6 g/t Au). In January 2011, AXMIN announced the results of its revalidated Feasibility Study, which indicated a robust project with a NPV at 5% discount of US$340 million, an IRR of 32% and a low cash cost of US$484/oz over a mine life of 8.3 years. In addition, the first three years provide an average annual production of 205,000 ounces with a cash cost of US$437/oz resulting in a rapid project payback of 2.2 years. With the feasibility study in hand, AXMIN has all the documentation it needs t secure the debt financing to develop Passendro project.

Highlight of the 2011 FS is detailed below:

Assumed Gold Price
US$1,100/oz
Assumed Oil Price
US$80/bbl
Mine Throughput
2.8 mtpa
Mine Life
8.3 years
Development & Construction
24 months
Strip Ratio
5.4:1
Average Annual Production years 1-3
205,000 oz
Average Annual Production (LOM)
163,000 oz
Initial Capital Costs (excluding contingency)
US$246 million
Total Cash Costs (including royalties) (LOM)
US$484/oz
Average Metallurgical Recovery
94%
Gravity Recovery
30%
IRR (after tax & royalties)
32.1%
NPV (after tax, 5% discount)
US$340 million
Operating Cash Flows
US$493 million
Payback Period
2.2 years
On December 24, 2012, the Company officially notified the CAR Minister of Mines and Defence, as per its 2006 Mining Convention, of the existence of Force Majeure due to the escalating rebel activity in the country, providing the Company full protection under the circumstances and in the event there is a change of administration in CAR. Under these circumstances all in country operations other than administrative, as well as all negotiations with the Company’s debt lenders have been suspended pending the lifting of the Force Majeure. The Force Majeure is an unexpected event that crucially affects our ability to carry out our activities under the terms of various agreements and represents a lawful reason for failure to have done so.

Subsequently, on April 2, 2013, AXMIN referenced the COMMUNIQUE GOUVERNEMENTAL NUMERO 01 of the CAR Transitional Governmentthat confirmed that all lawfully and legitimately concluded contracts with the State will be honoured, further confirming the validity of AXMIN’s legally binding contractual agreements with the State.

During 2012, the Company’s main focus was securing the financing required to build the mine. By the first quarter of 2012, AXMIN had successfully, with the assistance of its financial advisor Endeavour Financial (“Endeavour”), executed Mandate Letters for a total of $235 million in debt facility that is a mix of senior and subordinate convertible debt with a number of development agencies and commercial banks from Europe and South Africa. The debt providers’ Mandate Letters are commitments to arrange financing on a best efforts basis and are subject to legal, technical and environmental due diligence, execution of acceptable terms and documentation and obtaining final credit and board approvals. As indicated above, all lenders’ due diligence activities and negotiations with debt providers have been suspended until the lifting of the Force Majeure. On April 15, 2013, one of the four financial institutions terminated its debt Mandate Letter pursuant to a decision of certain European States to withdraw recognition of the Central African Republic as a result of the current political situation. This financial institution has indicated that it is willing to reconsider the project if the relevant circumstances change.

In May 2013, AXMIN's shareholders voted overwhelmingly in support of the Dickson Resources Change of Control, at which time the two-stage Offering closed and AXMIN issued a total of 45,000,000 Units for gross proceeds of approximately C$6.8 million. Under the terms of the Offering AXMIN announced the appointment of three Dickson Resources represetatives to the AXMIN Board.
Deal Addict
Jul 27, 2017
2180 posts
950 upvotes
why is the stock down & is it a buy below $0.10?
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
Why is it down? 52 week low is 2.5 cents and 52 week high is 15 cents.

Only you can make that decision if it’s a buy or wait, I mentioned yesterday I bought a bunch at 10.

Q1 will be out any day now.
porticoman wrote: why is the stock down & is it a buy below $0.10?
Deal Addict
Jan 27, 2016
1502 posts
905 upvotes
Edmonton
President of Russia Vladimir Putin: Mr President,

It is a pleasure to welcome you to St Petersburg.

I would like to thank you for coming to the St Petersburg International Economic Forum.

At the outset, I would like to recall that our country was one of the first to recognise the independence of the Central African Republic.

In the 1960s and 70s, specialists from our country worked in many spheres in your country, dozens of highly qualified specialists in many fields. Over 500 people were trained in Russia and managed to apply the knowledge and skills they received to develop their homeland.

Later, for many reasons our cooperation was, if not completely curtailed, stuck at a rather low level. We will be happy to consider various plans to boost our relations, first of all in the economic and humanitarian fields, including personnel training.

I am happy to see you, Mr President, and hope that today we will manage to find areas where we can work together to advance our relations.

President of the Central African Republic Faustin Archange Touadera(retranslated): Thank you very much, Mr President.

I am most grateful to you personally and the Government of the Russian Federation for the invitation. It is a great honour for me to take part in the St Petersburg Economic Forum.

You mentioned the very important historical cooperation between our country and the Russian Federation in the 1960s and 1970s. In these periods, our contacts were much closer.

You spoke about personnel training. Some students received education in the Soviet Union, while others studied in our country. For example, I studied at home but my teachers were Russian, which illustrates the very high level our relations were at.

I am very happy to be here at your invitation. I think this is a wonderful opportunity to enhance our cooperation in many areas. I believe we can map out ways, areas and means for more active cooperation. You mentioned the economy and humanitarian contacts and I agree with you.

Today our country is among the least developed but we have huge potential. I think participation in the economic forum will allow us to tell its participants about this potential and the business and economic opportunities opening up in our country.

I went to Sochi on October 7 and saw that there is an opportunity for large-scale partnership based on trust between our countries.

I would like to once again thank you, Mr President, the entire Government and the people of the Russian Federation for your support in the process of consolidation and reconciliation in our country.

Incidentally, recently a Russian convoy covered a very difficult route from the East to the West in the framework of such partnership. Its goal was to set up mobile hospitals that will render simply invaluable support to our population that is currently in a very difficult humanitarian situation.

We have big expectations for potential economic and humanitarian exchanges. We will discuss ways of promoting our cooperation.

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