|From: Jimjones1972 (Rep: 3) reply to Jimjones1972||Date: 06/04/2018 13:59|
|Forum: Mining and Commodities Eh! - Msg #6172 - List AXM.V msgs ||Thread #674001235 (Rec: 0) |
This was important to put out for a few reasons:
1) Shows that insiders still own over 80 of the 130.5 million common shares
2) Directors are paying themselves less than $20,000 USD per year and given that the company just made $1.2 million USD in profit, why aren't they paying themselves more?
3) Options are being renewed and expanded.
What does this all mean? In my opinion, I see it as a clear example that they want to make their money through capital gains, aka selling common shares. They gave themselves options last September at $0.05 for the first time. Fast forward 8 months and we now have a clearer picture from their latest news release on how the country is progressing rapidly towards stabilization with the help from the AU, UN, Russia, CAR military.
Most recent news: http://axmininc.com/PRmay07_2018.php
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