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AXM.V - Axmin Inc. (Gold)

Discussion in 'Canadian Stocks Message Boards' started by TheDude, Apr 4, 2018.

  1. TheDude

    TheDude Active Member

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    IMF Staff Completes Mission to the Central African Republic
    https://www.imf.org/en/News/Article...-african-republic-imf-staff-completes-mission

    IMF Staff Completes Mission to the Central African Republic
    May 3, 2019

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.
    • The recent peace agreement is a unique opportunity to improve the Central African Republic’s (C.A.R.) security and create the conditions for sustained and inclusive growth, poverty reduction, and job creation.
    • Good progress was made in discussions with the authorities on economic and financial policies that could support completion of the sixth and final program review.
    • C.A.R.’s macroeconomic performance remains favorable with increasing economic growth and contained inflation.
    An International Monetary Fund (IMF) team, led by Mr. Édouard Martin, visited Bangui from April 24 through May 3, 2019 to conduct discussions for the sixth and final review of the Central African Republic’s economic reform program supported by an Extended Credit Facility (ECF). The team met with President Touadéra, President of the National Assembly Ngon-Baba, Minister of Finance Dondra, Minister of Economy Moloua, National Director of the BEAC Chaibou, and other senior government officials. The team also met with parliamentarians and representatives of the business and donor communities.

    At the end of the visit, Mr. Martin issued the following statement:

    “The peace agreement signed on February 6, 2019 by the government and representatives of 14 armed groups represents a unique opportunity to improve the Central African Republic’s (C.A.R.) security situation and create the conditions for sustained and inclusive growth, poverty reduction, and job creation.

    “C.A.R.’s macroeconomic performance remains favorable. Economic growth is estimated at around 4 percent in 2018 and is projected to reach 4½ percent in 2019. Inflation was subdued at 1.6 percent in 2018 and is expected to remain contained. The current account deficit (excluding grants) would decline from about 12 percent in 2018 to around 11 percent in 2019. The banking sector remains well capitalized and liquid, with the share of
    non-performing loans decreasing significantly thanks to the repayment of commercial arrears by the government. Risks to the outlook remain significant, relating on the downside to the volatile security environment and rising oil prices and on the upside to the implementation of the peace agreement.

    “The implementation of the ECF-supported program—which will expire on July 19, 2019, as initially envisaged—is broadly on track. Program performance at end-December 2018 is satisfactory overall: all quantitative performance criteria were met, except for the domestic primary deficit, reflecting higher-than-expected current spending, and the repayment of domestic arrears, which was slightly delayed. Domestic revenue in the first quarter of 2019 was lower than expected, owing mainly to the forced closure in March of the main road from Cameroon and delays in the transfer on budget of the parafiscal taxes collected by public agencies. Most structural reforms have also been implemented, except for the elimination of parafiscal taxes without economic justification, which will require more time than initially estimated, and the submission to parliament of the draft law on public agencies, expected in the coming days.

    “The Central African authorities and the IMF team made good progress in discussions on a set of economic and financial policies needed for the completion of the sixth and final review under the ECF. Discussions focused on the parameters of a revised budget for 2019—to be submitted to parliament before mid-June—with a view to optimize the use of the additional budget support provided by international partners to help sustainably meet the new priority spending needs generated by the peace agreement. Additional measures to improve and sustain revenue mobilization—including strengthening imports and export valuation—are also key to meeting these needs.

    “The team urged the authorities to accelerate the integration of parafiscal taxes in the treasury single account and the implementation of the planed elimination of taxes and fees with no economic justification to support private sector development. The authorities are also encouraged to continue the strengthening of public expenditure management, to promote transparency and good governance. The authorities requested an IMF governance diagnostic mission and confirmed their commitment to limit borrowing—including concessional loans—to safeguard debt sustainability.

    “The team thanks the authorities for their warm hospitality, cooperation, and constructive discussions."

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: GEDIMINAS VILKAS

    PHONE: +1 202 623-7100EMAIL: [email protected]
     
    Onepoint272 likes this.
  2. TheDude

    TheDude Active Member

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    Axmin begins formal process to choose Passendro partner

    2019-05-06 05:50 MT - News Release

    Ms. Lucy Yan reports

    AXMIN ANNOUNCES COMMENCEMENT OF A PROCESS TO SELECT A STRATEGIC PARTNER

    Axmin Inc. is commencing a formal process for the selection of a strategic partner (or partners).

    With the improving security and stability in the Central African Republic (CAR), AXMIN is now moving forward into a selection process for the development of the Passendro asset.

    Potential Strategic Partners should:Be large multinational corporations that have experience with large scale construction, mining and infrastructure development in Africa.Be capable of dealing with in country logistics and liaising with various security services.Have an established track record of delivering projects on time and on budget.Enjoy an impeccable record for health, safety and environmental protection. Be sensitive to AXMIN's strict focus and adherence to Corporate Social Responsibility.

    Commenting on the commencement of the formal process, Ms. Lucy Yan AXMIN's chairman, said:

    'We are delighted to now commence the formal selection process for a Strategic Partner or more broadly a team of Strategic Partners. As we have communicated before, AXMIN is already in discussions with several potential candidates; but as we now have clarity on returning to work on our asset in the CAR, it is appropriate to broaden this process and facilitate an open playing field for this development opportunity.'

    Interested parties should contact AXMIN's CFO, Mr. David Weill at [email protected] to progress the requisite documentation for access to the Company's online dataroom and be included in the process.

    About AXMIN

    AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to a producer. For more information regarding AXMIN visit our website at www.axmininc.com. Please follow us on Facebook https://www.facebook.com/axmininc.

    We seek Safe Harbor.
     
    Onepoint272 likes this.
  3. TheDude

    TheDude Active Member

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    Axmin Inc. Performance Chart From 2007 To 2019
    [​IMG]
     
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  4. TheDude

    TheDude Active Member

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    Central African Republic: Ten armed groups provide list of their members for the peace process

    http://french.xinhuanet.com/afrique/2019-05/18/c_138068934.htm

    BANGUI, May 17 (Xinhua) - Three months after the signing of a peace agreement between the Central African State and the 14 armed groups active on the territory, ten of them have handed the list of their members on Friday. likely to be eligible for the peace process in the Central African Republic (CAR), found on Friday in Bangui a Xinhua correspondent.

    This took place at the 17th Ordinary Session of the Advisory and Follow-up Committee of the National Program for Disarmament, Demobilization, Reintegration and Repatriation (DDRR).

    From now on, almost a thousand ex-combatants are on the list of eligible candidates for the DDRR program, either by integrating the Central African Armed Forces (FACA) or by choosing a socio-economic activity for which they will have to be trained and then provided. in installation kits in the field of their choice.

    In a response to the press, DDRR Minister Noël-Bienvenu Sélesson said lists of members of armed groups are essential for planning DDRR activities. The latter were officially launched by Central African President Faustin-Archange Touadéra from the Central African city of Paoua (extreme north-west) last December.

    Mr. Sélesson also added that the lists are necessary for the constitution of the special mixed security units (USMS), recommended by the peace agreement and to regroup the regular forces that are the FACA, the policemen and gendarmes, as well as some ex-combatants rebel groups.
     
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  5. TheDude

    TheDude Active Member

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    Axmin Inc updates on Facebook are very positive regarding the Central African Republic

    https://www.facebook.com/pg/axmininc/posts/?ref=page_internal

    FACA(CAR forces) have entered an area north of where Axmin's gold deposit is for the first time in 5 years, as stated by the CAR government facebook page. This means it's highly likely that they have secured the Ndassima region or at the very least will be headed there shortly.
     
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