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Forum - Mining and Commodities Eh! (Axmin - AXM.V)    All things commodities, with a Canadian Junior Miner focus.

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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 07/27/2018 23:58
Forum: Mining and Commodities Eh! - Msg #6191 - List AXM.V msgs Thread #674001235 (Rec: 0)

Looks like Axmin Inc(AXM & AXMIF) isn't the only company waiting to get back to working in the Central African Republic. BanwaGold signed a deal end of May and their looking to start things up in Q4 2018 which is October-December 2018. This is a very good sign.

BanwaGold sells mining contracts to investors seeking to base their assets on gold production. To secure these contracts, BanwaGold signs agreements with small producers and mining cooperatives that produce a weekly amount of gold. This quantity will be multiplied by 4, by 10, then 25 thanks to the mining contracts signed by the investors. This is how we plan this ramp-up in the Central African Republic. This strategy will be implemented in parallel in other African countries.

Q4 2018
Installation of zone 1 and zone 2 exploration. Opening of the foundry Start of direct investment purchases
Q2 2019
Installation of zone 2 and zone 3. Sale of the first production of zone 1
Q4 2019
Installation of zone 3 worksites
Q4 2020
Industrialization of production
Q4 2021
Industrialization of production

BanwaGold sells mining contracts to investors seeking to base their assets on gold production. BanwaGold's mining contracts have two components: buying gold and producing gold. Purchase: The small producers and mining cooperatives with which BanwaGold signs agreements produce a weekly quantity of gold that is bought at the best market price. Production: Thanks to mining contracts sold by BanwaGold, small producers and mining cooperatives are able to develop exploration and exploitation processes.
Via our foundry, acquisition of gold via $ 2.5 Million of direct investments and the reinvestment of 70% of the revenues of our production
Via our local networks of mining cooperatives

Reply to Jimjones1972 - Msg #6184 - 07/07/2018 00:37

Six recent articles about how the Central African Republic is improving

July 5th 2018 – Gabon Keeps 444 troops in CAR

July 6th 2018 – Russian Mercenaries Secure Gold Mines In CAR

Key Part:

Defense Ministry officers, comparing the new PMC to the Wagner Group, noted that Patriot pays more and offers better combat assignments. A source in the veterans' community said Wagner and Patriot competed for the contrast to provide security at gold mines in the Central African Republic, Dozhd reported.

July 5th 2018 – UN Proved Central African Republic With $1 Billion In Aid

June 29th 2018 – UN Deploys 700 Peace Keepers From Nepal To CAR

June 29th 2018 – AU(African Union) To Focus On Central African Republic

June 26th 2018 – New Central African Republic Court Now In Order

June 25th 2018 – Central African Republic Diamond Business Now Active Again
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