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AXMIF Q2 results are out end of August and with recent articles showing positive stabilization of the Central African Republic, the company will be back on Passendro in no time!
52 Week high reached today based on some encouraging news articles about stabilization in the Central African Republic and more support from other major countries:
Central African Republic receives military vehicles from China and the US - https://thedefensepost.com/2018/08/09/central-african-republic-military-vehicles-china-us/
CAR militia disarmament begins in September - http://apanews.net/index.php/en/news/car-to-begin-disarmament-of-militias-in-september
52 Week high reached today based on some encouraging news articles about stabilization in the Central African Republic and more support from other major countries:
Central African Republic receives military vehicles from China and the US - https://thedefensepost.com/2018/08/09/central-african-republic-military-vehicles-china-us/
CAR militia disarmament begins in September - http://apanews.net/index.php/en/news/car-to-begin-disarmament-of-militias-in-september
Russian group securing Ndassima gold region:
http://www.uawire.org/the-russian-journalists-killed-in-the-central-african-republic-planned-to-film-gold-mines#
The Russian journalists who died in Central African Republic (CAR), on the day of the assassination were attempting to arrange the filming of the gold mine, which the company established by Yevgeny Prigozhin supposedly plans to develop, the Dozhd television channel (also known as TV Rain) reported citing information from the Investigations Management Centre (IMC) for which journalists collected information about Russian military mercenaries.
Before the murder, the journalists Orkhan Dzhemal, Alexander Rastorguyev and Kirill Radchenko went to meet the "fixer" – the UN employee based in the CAR, who was supposed to help them film the gold mines of Ndassima, said the IMC. The journalists were ambushed between the cities of Sibu and Kaga-Bandoro, away from their planned route. The IMC does not have any knowledge of why they deviated from their route.
In mid-July, the Africa Intelligence news outlet reported that Russia had allegedly made an agreement with the government of the CAR for development of the Ndassima gold mine, in return promising to restore the order in the region, writes The Bell. According to the Africa Intelligence, Lobaye Invest which is established by M-Invest company, associated with the alleged sponsor of a Russian Wagner Private Military Company (PMC), Yevgeny Prigozhin, represents Russia's interests in the country. The PMC fighters, in line with the Lobaye Invest interests, are engaged in the transportation from Bangui and the protection of mining equipment . In particular, the Lobaye Invest employees control the recently renewed diamonds mining near Berengo, wrote the newspaper.
The journalist, film director and camera operator arrived in the CAR planning to make a film about the activities of the Russian private military company (PMC), which media associates with businessman Yevgeny Prigozhin (Prigozhin himself denies the link with Wagner PMC). The official investigation version named the killing near the city of Sibu as a result of an armed robbery.
For information on AXM Ndassima/Passendro claim: http://www.mineafrica.com/documents/5%20-%20Axmin.pdf
Russian group securing Ndassima gold region
http://www.uawire.org/the-russian-journalists-killed-in-the-central-african-republic-planned-to-film-gold-mines#
The Russian journalists who died in Central African Republic (CAR), on the day of the assassination were attempting to arrange the filming of the gold mine, which the company established by Yevgeny Prigozhin supposedly plans to develop, the Dozhd television channel (also known as TV Rain) reported citing information from the Investigations Management Centre (IMC) for which journalists collected information about Russian military mercenaries.
Before the murder, the journalists Orkhan Dzhemal, Alexander Rastorguyev and Kirill Radchenko went to meet the "fixer" – the UN employee based in the CAR, who was supposed to help them film the gold mines of Ndassima, said the IMC. The journalists were ambushed between the cities of Sibu and Kaga-Bandoro, away from their planned route. The IMC does not have any knowledge of why they deviated from their route.
In mid-July, the Africa Intelligence news outlet reported that Russia had allegedly made an agreement with the government of the CAR for development of the Ndassima gold mine, in return promising to restore the order in the region, writes The Bell. According to the Africa Intelligence, Lobaye Invest which is established by M-Invest company, associated with the alleged sponsor of a Russian Wagner Private Military Company (PMC), Yevgeny Prigozhin, represents Russia's interests in the country. The PMC fighters, in line with the Lobaye Invest interests, are engaged in the transportation from Bangui and the protection of mining equipment . In particular, the Lobaye Invest employees control the recently renewed diamonds mining near Berengo, wrote the newspaper.
The journalist, film director and camera operator arrived in the CAR planning to make a film about the activities of the Russian private military company (PMC), which media associates with businessman Yevgeny Prigozhin (Prigozhin himself denies the link with Wagner PMC). The official investigation version named the killing near the city of Sibu as a result of an armed robbery.
For information on AXM Ndassima/Passendro claim: http://www.mineafrica.com/documents/5%20-%20Axmin.pdf
Page 7 ( TGZ Q2 MD&A)
Ore tonnes milled were marginally lower in the first half of 2018 compared with the first half of 2017 due primarily to lower mill throughput resulting from planned grinding circuit maintenance during the second quarter of 2018, including a planned rebuild of the secondary crusher as well as processing harder, high grade Gora ore.
Page 13(TGZ Q2 Financials)
As at June 30, 2018, there is $1.3 million in other current assets and $3.3 million in other non-current assets as advanced royalty payments to the Government of Senegal. In total, the Company had recorded $10.0 million related to the Oromin Joint Venture Group (“OJVG”) in 2014 and $4.2 million related to the Gora deposit in the first quarter of 2015. The advanced royalties are expensed to net profit based on actual production from the former OJVG and Gora deposits. During the three and six months ended June 30, 2018, the Company expensed $0.8 million and $1.7 million, respectively, as amortization of the OJVG and Gora advanced royalties (2017: $0.8 million and $1.5 million, respectively). The advanced royalty recorded within other current assets is based on the expected production from the OJVG and Gora deposits over the next year and the remaining balance is recorded within other non-current assets. Refer to note 16 for further details.
Page 7 ( TGZ Q2 MD&A)
Ore tonnes milled were marginally lower in the first half of 2018 compared with the first half of 2017 due primarily to lower mill throughput resulting from planned grinding circuit maintenance during the second quarter of 2018, including a planned rebuild of the secondary crusher as well as processing harder, high grade Gora ore.
Page 13(TGZ Q2 Financials)
As at June 30, 2018, there is $1.3 million in other current assets and $3.3 million in other non-current assets as advanced royalty payments to the Government of Senegal. In total, the Company had recorded $10.0 million related to the Oromin Joint Venture Group (“OJVG”) in 2014 and $4.2 million related to the Gora deposit in the first quarter of 2015. The advanced royalties are expensed to net profit based on actual production from the former OJVG and Gora deposits. During the three and six months ended June 30, 2018, the Company expensed $0.8 million and $1.7 million, respectively, as amortization of the OJVG and Gora advanced royalties (2017: $0.8 million and $1.5 million, respectively). The advanced royalty recorded within other current assets is based on the expected production from the OJVG and Gora deposits over the next year and the remaining balance is recorded within other non-current assets. Refer to note 16 for further details.
Axmin received $600K USD from Teranga Gold in Q2 2018 from royalty payments.
From TGZ Financials(Page 10) Released Today: Includes royalties to Axmin Inc. on account of their 1.5 percent net smelter royalty on the Gora deposit. During the three and six months ended June 30, 2018, the Company incurred $0.6 million and $1.1 million, respectively, of Axmin royalties (2017: $0.4 million and $0.7 million, respectively).
Axmin received $600K USD from Teranga Gold in Q2 2018 from royalty payments.
From TGZ Financials(Page 10) Released Today: Includes royalties to Axmin Inc. on account of their 1.5 percent net smelter royalty on the Gora deposit. During the three and six months ended June 30, 2018, the Company incurred $0.6 million and $1.1 million, respectively, of Axmin royalties (2017: $0.4 million and $0.7 million, respectively).
Plaintree earns $2.54-million in fiscal 2018
2018-07-30 14:11 MT - News Release
Mr. David Watson reports
PLAINTREE SYSTEMS INC. RELEASES FISCAL 2018 AUDITED RESULTS
Plaintree Systems Inc. has just completed a profitable year.
The Company filed today its audited consolidated financial statements and management discussion and analysis for the year ended March 31, 2018.
For the year ended March 31, 2018, the Company posted after-tax profit of $2,547,514 as compared to a loss of $(2,639,634) and revenue of $19,005,680 as compared to revenue of $12,844,110 for the 2017 fiscal.
"2018 was an excellent year for Plaintree with sales increasing by 48%. We are excited to announce that this dramatic sales growth combined with the divestiture of the Firetrucks division, had earnings increase by over $5 million.
It's important to explain that, starting in fiscal 2014 through fiscal 2016, the market for all of Plaintree's product lines were either stagnant or declining, said David Watson, Plaintree CEO. The Mining industry went into almost complete hibernation, the Aerospace industry began its cyclical move to offshore as much as possible and funding for firetrucks by municipalities continued to languish at lower than expected levels. This all began to change in fiscal 2017. Commodity prices finally began to recover and the Aerospace industry began its phase of reshoring its manufacturing.
This has not only provided us with the excellent 2018 results but also given us a favourable backlog to begin fiscal 2019."
About Plaintree Systems Inc.
Plaintree has two diversified product lines consisting of Specialty Structures and Electronics.
The Specialty Structures Division includes the former Triodetic Group with over 40 years of experience, is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, free form structures, barrel vaults, space frames and industrial dome coverings, Spotton Corporation, a design and manufacturer of high end custom hydraulic and pneumatic valves and cylinders and Madawaska Doors, a design and manufacturer of premium solid wood doors.
The Electronics Division includes the legacy Hypernetics and Summit Aerospace USA Inc. businesses. Hypernetics was established in 1972 and is a manufacturer of avionic components for various applications including aircraft antiskid braking, aircraft instrument indicators, solenoids, high purity valves and permanent magnet alternators. Summit Aerospace USA Inc. provides high precision machining to the aerospace and defense markets. Our facility includes 5 axis CNC precision machining of complex castings and large ring parts such as turbine and assembly shrouds as well as assembly & pressure seals. Summit will support requirements from concept, prototype and throughout production.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
United Nations Central African Republic Report(January to June 2018)
This report is 132 pages in total. I have condensed everything with only details that are important and pertain to the stability of the Central African Republic and resumption of work by Axmin Inc.(AXM.V)
https://reliefweb.int/sites/reliefweb.int/files/resources/N1821863.pdf
Page 2)
Following relevant exemptions and notifications to the Security Council
Committee established pursuant to resolution 2127 (2013) concerning the Central
African Republic, the country’s security and armed forces received training and
military equipment from the Russian Federation. Coupled with the support of other
partners such as the European Union Military Training Mission in the Central African
Republic, those efforts are facilitating the re-operationalization of FACA.
Ex-Séléka factions, like other armed groups, have, however, maintained their
engagement in the African Union Initiative for Peace and Reconciliation in the Central
African Republic, under which consultations began in November 2017 and the
conclusion of an agreement between the Government and the 14 recognized armed
groups is planned in the coming months
Page 7)
The European Union Military Training Mission in the Central African Republic
is currently finalizing the training of a third battalion of the Forces armées
centrafricaines (FACA) in Bangui. All trained battalions are gradually being
redeployed in Bangui and beyond (see para. 18 below). The Training Mission also
supported the training of 232 demobilized members of armed groups integrated into
the national army, which was completed on 11 May as part of the pilot project for
disarmament, demobilization, reintegration and repatriation
On 26 December 2017, the Committee received a notification from the Russian
Federation regarding the training of Central African defence and security forces,
involving 5 military and 170 civilian Russian instructors for a period of one year. The
first and second training sessions for FACA and the Presidential Guard in the Sudan
and Berengo (Lobaye Prefecture) conducted by Russian instructors were concluded
on 31 March and 30 May 2018, respectively. The third training session commenced
on 30 May in Berengo. The presence of instructors from the Russian Federation
among the Presidential Guard, as observed by the Panel in Berengo on 31 March, was
reported to be part of the training exercise. 2
Russian instructors are currently deployed in Sibut and Bangassou in support of
recent FACA deployments. They were also involved in escorting a convoy
transporting materials for the construction of hospitals, which travelled from
Am Dafok and through the towns of Birao, Ndélé, Kaga Bandoro, Bria and Bangui
between 7 and 26 May 2018. Twenty-four instructors are currently ensuring the
security of hospitals donated by the Russian Federation in Bria, and 20 are doing so
in Ouadda
In Bangui on 12 March 2018, national authorities, with the support of
MINUSCA, started the training of the 500 candidates for the police and gendarmerie
recruited throughout the country (see S/2017/1023, paras. 14–16).6
Page 8)
Since April 2018, Russian instructors have also started the training of 160 policemen
and 50 gendarmes in Berengo as a precondition for assigning them weapons in view of their
deployment.
Between 26 January and 7 February 2018, nine aircraft arrived at M’Poko
International Airport in Bangui to deliver weapons and ammunition as part of the
military cooperation between the Government of the Russian Federation and the
Government of the Central African Republic, and as allowed under an exemption by
the Committee on 15 December 2017
Page 10)
The African Union Initiative for Peace and Reconciliation in the Central African
Republic, which began its activities in November 2017, has achieved some traction
towards meeting the objectives set out in its road map. Through meetings in Bangui
and several rounds of field visits in the country (see annex 3.1), the African Union’s
panel of facilitators documented grievances that now form the basis of discussion for
the planned dialogue aimed at concluding a peace agreement between the Government
and the 14 armed groups.
In accordance with the timetable adopted under the African Union Initiative, a
series of workshops and training seminars are being organized to prepare for the
upcoming dialogue and build the capacity of the main stakeholders, including the
panel of facilitators, the Government, the 14 armed groups and civil society.
In parallel with the African Union Initiative, mediation efforts are also being
undertaken at the local level, including by MINUSCA, the national authorities and
religious leaders. Those initiatives are aimed at establishing a favourable environment
that addresses local conflict dynamics, involving various actors (armed groups, local
authorities, civil society and religious groups) and taking various formal or informal
forms.
Page 11)
The Government is also engaging with armed groups through the President’s
national security adviser, a Russian national appointed as part of the cooperation
between the Governments of the Central African Republic and the Russian
Federation, who met on several occasions with leaders of armed groups to discuss
questions related to, among other things, disarmament, demobilization and
reintegration, national reconciliation and the sharing of revenues from the
exploitation of natural resources among local and national authorities.
Most armed group leaders continue to express support for the African Union
Initiative.
Page 13)
In an attempt to address various illicit cross-border activities, the Government
of the Central African Republic has engaged neighbouring countries with a view to
signing bilateral and trilateral agreements establishing commissions on cross-border
issues. From 2 to 4 September 2017, a tripartite meeting was held in Kinshasa
among the Governments of the Central African Republic, the Democratic Republic of
the Congo and South Sudan. Those in attendance recommended the creation of a
special mixed commission in charge of political, diplomatic, defence and security
matters pertaining to the three countries
It is also planned that trilateral commissions will be established among the
Central African Republic, Chad and the Sudan as well as among the Central African
Republic, Cameroon and Chad. In addition, it is envisaged that bilateral commissions
will be put in place between the Central African Republic and Cameroon and between
the Central African Republic and Chad, as well as between the Central African
Republic and the Sudan
Page 18) *Note* - UPC is main group around Passendro/Ndassima
Still, UPC wants to appear to be a reasonable partner for the Government and
the international community. For example, although it was involved in violent clashes
with FACA soldiers in Bambari on 10 June, UPC finally agreed to let the FACA
convoy reach Bangassou (see para. 19 above). That decision triggered negative
reactions from other ex-Séléka factions as well as within UPC.61 The rejection of any
FACA deployment prior to the conclusion of a global agreement is a position common
to all ex-Séléka factions (see para. 39 above).
Page 23)
Since early 2016, a number of foreign operators have obtained permits to exploit
diamond and gold sites in the Central African Republic in a semi-mechanical or
industrial manner. Such investments provide tax revenues to the State. At the same
time, in areas with limited State authority, activities of all economic operators may
generate revenue for armed groups through racketeering, illegal taxation or possibly,
as was the case in 2016 with the private security company FIT Protection (see
S/2016/694, paras. 85–89), direct arrangements between companies and armed groups.
Page 30)
Additional information on the training of FACA by the European Union Training
Mission in the Central African Republic (EUTM)
Since September 2016, EUTM has trained a total of 3,000 FACA soldiers:
- Qualifying courses for 344 FACA officers (i.e. 38% of the total officers) and 544
non-commissioned officers (i.e. 26% non-commissioned officers);
- Training for 1,600 FACA soldiers (a total of three battalions, the last battalion
finishes training in early August 2018);
- Training of 232 FACA soldiers as part of the pilot project for disarmament,
demobilization, reintegration and repatriation;
- The validation of the training of 344 FACA soldiers organized in Rwanda and
Equatorial Guinea.
Additional information on the training of FACA by instructors from the
Russian Federation
The first training of personnel of the CAR national defence and security forces by the
military (5) and civilian (170) instructors of the Russian Federation, as notified to the
Committee on 26 December 2017, was concluded on 31 March 2018. The training took
place in the CAR and in the Sudan. During an official ceremony at the training site on 31
March 2018 in Berengo, 65 km southwest of Bangui, 202 FACA soldiers and Presidential
Guards demonstrated some of the operational skills acquired during their training.1 Few
days earlier, on 26 March, most of the National defence and security forces trained in the
Sudan flew back to the Central African Republic.
The second training of 200 FACA soldiers and 54 Presidential Guards was conducted in
Berengo between 30 March and 30 May 2018. The third training of 400 FACA soldiers and
62 Presidential Guards started in Berengo on 30 May 2018. This brings the total of FACA
soldiers and Presidential Guards trained by Russian instructors to approximately 900.
Page 45)
After a turbulent year (S/2017/1023, paras. 74-91), the security situation in
Bangassou has improved. Three recent events have created a window of opportunity
in town: the signature of a local peace agreement (see below); the arrest of the selfdefence
leader Crépin Wakanam, alias “Pino Pino”; and the launch of a Community
Violence Reduction (CVR) programme
The return of relative stability in town has also been facilitated by the progressive
disappearance of the most dangerous self-defence group leaders: “Ngadé” was killed
in inter-group clashes in December 2017; “Bere-Bere” surrendered to MINUSCA in
January 2018; and “Pino Pino” fled to the Democratic Republic of the Congo, where
he was arrested together with 37 members of his group, on 16 May 2018
The last factor contributing to the current stability in Bangassou town is the CVR
program launched in May by MINUSCA for 700 beneficiaries. People included in
the program receive a paid training for three months to learn a profession in exchange
of handing over their weapons. To date, MINUSCA has collected almost 1,500
weapons and is considering launching a second CVR phase in August 2018
Most of the information between Pages 46 to 117 are images, maps, and unrelated details
Page 118)
Use of anti-balaka fighters, ISF and FACA elements as security
providers for economic operators.
To operate in the CAR, especially in the provinces, economic operators, including mining
companies, need to take measures to ensure their security. Some mining companies or
cooperatives employ private security companies. As mentioned in the 2017 Panel’s final
report (S/2017/1023, para. 235), one such private security company operating in SossoNakombo
was employing former anti-balaka soldiers
Other mining companies reportedly directly recruit anti-balaka or former anti-balaka
fighters. Anti-balaka leaders in Bouar and some local authorities told the Panel that the use
of former anti-balaka combatants as security providers was common practice for mining
companies operating in the Abba area.
Some companies rather secure the provisioning of National defence and security forces
through agreements with the Ministries of Defence and/or Interior. Such practices enable
the companies to ensure their security without resorting to protection by armed groups; at
the same time, they create additional tasks for FACA and ISF whose human resources and
capabilities are limited. In Bouar, for instance, the FACA Deputy Commander told the
Panel that more than a third of FACA deployed in the area were involved in the protection
of mining companies
United Nations Central African Republic Report(January to June 2018)
This report is 132 pages in total. I have condensed everything with only details that are important and pertain to the stability of the Central African Republic and resumption of work by Axmin Inc.(AXM.V)
https://reliefweb.int/sites/reliefweb.int/files/resources/N1821863.pdf
Page 2)
Following relevant exemptions and notifications to the Security Council
Committee established pursuant to resolution 2127 (2013) concerning the Central
African Republic, the country’s security and armed forces received training and
military equipment from the Russian Federation. Coupled with the support of other
partners such as the European Union Military Training Mission in the Central African
Republic, those efforts are facilitating the re-operationalization of FACA.
Ex-Séléka factions, like other armed groups, have, however, maintained their
engagement in the African Union Initiative for Peace and Reconciliation in the Central
African Republic, under which consultations began in November 2017 and the
conclusion of an agreement between the Government and the 14 recognized armed
groups is planned in the coming months
Page 7)
The European Union Military Training Mission in the Central African Republic
is currently finalizing the training of a third battalion of the Forces armées
centrafricaines (FACA) in Bangui. All trained battalions are gradually being
redeployed in Bangui and beyond (see para. 18 below). The Training Mission also
supported the training of 232 demobilized members of armed groups integrated into
the national army, which was completed on 11 May as part of the pilot project for
disarmament, demobilization, reintegration and repatriation
On 26 December 2017, the Committee received a notification from the Russian
Federation regarding the training of Central African defence and security forces,
involving 5 military and 170 civilian Russian instructors for a period of one year. The
first and second training sessions for FACA and the Presidential Guard in the Sudan
and Berengo (Lobaye Prefecture) conducted by Russian instructors were concluded
on 31 March and 30 May 2018, respectively. The third training session commenced
on 30 May in Berengo. The presence of instructors from the Russian Federation
among the Presidential Guard, as observed by the Panel in Berengo on 31 March, was
reported to be part of the training exercise. 2
Russian instructors are currently deployed in Sibut and Bangassou in support of
recent FACA deployments. They were also involved in escorting a convoy
transporting materials for the construction of hospitals, which travelled from
Am Dafok and through the towns of Birao, Ndélé, Kaga Bandoro, Bria and Bangui
between 7 and 26 May 2018. Twenty-four instructors are currently ensuring the
security of hospitals donated by the Russian Federation in Bria, and 20 are doing so
in Ouadda
In Bangui on 12 March 2018, national authorities, with the support of
MINUSCA, started the training of the 500 candidates for the police and gendarmerie
recruited throughout the country (see S/2017/1023, paras. 14–16).6
Page 8)
Since April 2018, Russian instructors have also started the training of 160 policemen
and 50 gendarmes in Berengo as a precondition for assigning them weapons in view of their
deployment.
Between 26 January and 7 February 2018, nine aircraft arrived at M’Poko
International Airport in Bangui to deliver weapons and ammunition as part of the
military cooperation between the Government of the Russian Federation and the
Government of the Central African Republic, and as allowed under an exemption by
the Committee on 15 December 2017
Page 10)
The African Union Initiative for Peace and Reconciliation in the Central African
Republic, which began its activities in November 2017, has achieved some traction
towards meeting the objectives set out in its road map. Through meetings in Bangui
and several rounds of field visits in the country (see annex 3.1), the African Union’s
panel of facilitators documented grievances that now form the basis of discussion for
the planned dialogue aimed at concluding a peace agreement between the Government
and the 14 armed groups.
In accordance with the timetable adopted under the African Union Initiative, a
series of workshops and training seminars are being organized to prepare for the
upcoming dialogue and build the capacity of the main stakeholders, including the
panel of facilitators, the Government, the 14 armed groups and civil society.
In parallel with the African Union Initiative, mediation efforts are also being
undertaken at the local level, including by MINUSCA, the national authorities and
religious leaders. Those initiatives are aimed at establishing a favourable environment
that addresses local conflict dynamics, involving various actors (armed groups, local
authorities, civil society and religious groups) and taking various formal or informal
forms.
Page 11)
The Government is also engaging with armed groups through the President’s
national security adviser, a Russian national appointed as part of the cooperation
between the Governments of the Central African Republic and the Russian
Federation, who met on several occasions with leaders of armed groups to discuss
questions related to, among other things, disarmament, demobilization and
reintegration, national reconciliation and the sharing of revenues from the
exploitation of natural resources among local and national authorities.
Most armed group leaders continue to express support for the African Union
Initiative.
Page 13)
In an attempt to address various illicit cross-border activities, the Government
of the Central African Republic has engaged neighbouring countries with a view to
signing bilateral and trilateral agreements establishing commissions on cross-border
issues. From 2 to 4 September 2017, a tripartite meeting was held in Kinshasa
among the Governments of the Central African Republic, the Democratic Republic of
the Congo and South Sudan. Those in attendance recommended the creation of a
special mixed commission in charge of political, diplomatic, defence and security
matters pertaining to the three countries
It is also planned that trilateral commissions will be established among the
Central African Republic, Chad and the Sudan as well as among the Central African
Republic, Cameroon and Chad. In addition, it is envisaged that bilateral commissions
will be put in place between the Central African Republic and Cameroon and between
the Central African Republic and Chad, as well as between the Central African
Republic and the Sudan
Page 18) *Note* - UPC is main group around Passendro/Ndassima
Still, UPC wants to appear to be a reasonable partner for the Government and
the international community. For example, although it was involved in violent clashes
with FACA soldiers in Bambari on 10 June, UPC finally agreed to let the FACA
convoy reach Bangassou (see para. 19 above). That decision triggered negative
reactions from other ex-Séléka factions as well as within UPC.61 The rejection of any
FACA deployment prior to the conclusion of a global agreement is a position common
to all ex-Séléka factions (see para. 39 above).
Page 23)
Since early 2016, a number of foreign operators have obtained permits to exploit
diamond and gold sites in the Central African Republic in a semi-mechanical or
industrial manner. Such investments provide tax revenues to the State. At the same
time, in areas with limited State authority, activities of all economic operators may
generate revenue for armed groups through racketeering, illegal taxation or possibly,
as was the case in 2016 with the private security company FIT Protection (see
S/2016/694, paras. 85–89), direct arrangements between companies and armed groups.
Page 30)
Additional information on the training of FACA by the European Union Training
Mission in the Central African Republic (EUTM)
Since September 2016, EUTM has trained a total of 3,000 FACA soldiers:
- Qualifying courses for 344 FACA officers (i.e. 38% of the total officers) and 544
non-commissioned officers (i.e. 26% non-commissioned officers);
- Training for 1,600 FACA soldiers (a total of three battalions, the last battalion
finishes training in early August 2018);
- Training of 232 FACA soldiers as part of the pilot project for disarmament,
demobilization, reintegration and repatriation;
- The validation of the training of 344 FACA soldiers organized in Rwanda and
Equatorial Guinea.
Additional information on the training of FACA by instructors from the
Russian Federation
The first training of personnel of the CAR national defence and security forces by the
military (5) and civilian (170) instructors of the Russian Federation, as notified to the
Committee on 26 December 2017, was concluded on 31 March 2018. The training took
place in the CAR and in the Sudan. During an official ceremony at the training site on 31
March 2018 in Berengo, 65 km southwest of Bangui, 202 FACA soldiers and Presidential
Guards demonstrated some of the operational skills acquired during their training.1 Few
days earlier, on 26 March, most of the National defence and security forces trained in the
Sudan flew back to the Central African Republic.
The second training of 200 FACA soldiers and 54 Presidential Guards was conducted in
Berengo between 30 March and 30 May 2018. The third training of 400 FACA soldiers and
62 Presidential Guards started in Berengo on 30 May 2018. This brings the total of FACA
soldiers and Presidential Guards trained by Russian instructors to approximately 900.
Page 45)
After a turbulent year (S/2017/1023, paras. 74-91), the security situation in
Bangassou has improved. Three recent events have created a window of opportunity
in town: the signature of a local peace agreement (see below); the arrest of the selfdefence
leader Crépin Wakanam, alias “Pino Pino”; and the launch of a Community
Violence Reduction (CVR) programme
The return of relative stability in town has also been facilitated by the progressive
disappearance of the most dangerous self-defence group leaders: “Ngadé” was killed
in inter-group clashes in December 2017; “Bere-Bere” surrendered to MINUSCA in
January 2018; and “Pino Pino” fled to the Democratic Republic of the Congo, where
he was arrested together with 37 members of his group, on 16 May 2018
The last factor contributing to the current stability in Bangassou town is the CVR
program launched in May by MINUSCA for 700 beneficiaries. People included in
the program receive a paid training for three months to learn a profession in exchange
of handing over their weapons. To date, MINUSCA has collected almost 1,500
weapons and is considering launching a second CVR phase in August 2018
Most of the information between Pages 46 to 117 are images, maps, and unrelated details
Page 118)
Use of anti-balaka fighters, ISF and FACA elements as security
providers for economic operators.
To operate in the CAR, especially in the provinces, economic operators, including mining
companies, need to take measures to ensure their security. Some mining companies or
cooperatives employ private security companies. As mentioned in the 2017 Panel’s final
report (S/2017/1023, para. 235), one such private security company operating in SossoNakombo
was employing former anti-balaka soldiers
Other mining companies reportedly directly recruit anti-balaka or former anti-balaka
fighters. Anti-balaka leaders in Bouar and some local authorities told the Panel that the use
of former anti-balaka combatants as security providers was common practice for mining
companies operating in the Abba area.
Some companies rather secure the provisioning of National defence and security forces
through agreements with the Ministries of Defence and/or Interior. Such practices enable
the companies to ensure their security without resorting to protection by armed groups; at
the same time, they create additional tasks for FACA and ISF whose human resources and
capabilities are limited. In Bouar, for instance, the FACA Deputy Commander told the
Panel that more than a third of FACA deployed in the area were involved in the protection
of mining companies
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.
http://www.banwagold.com/en/
BANWAGOLD
ROADMAP – STRATEGY
Home
Timeline
ROADMAP – TIMELINE - CAR
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
STRATEGY – 6 AFRICAN COUNTRIES
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.
Purchases
Via our foundry, acquisition of gold via $ 2.5 Million of direct investments and the reinvestment of 70% of the revenues of our production
Production
Via our local networks of mining cooperatives
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.
http://www.banwagold.com/en/
BANWAGOLD
ROADMAP – STRATEGY
Home
Timeline
ROADMAP – TIMELINE - CAR
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
STRATEGY – 6 AFRICAN COUNTRIES
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.
Purchases
Via our foundry, acquisition of gold via $ 2.5 Million of direct investments and the reinvestment of 70% of the revenues of our production
Production
Via our local networks of mining cooperatives
Chinese investors plan $10-billion metallurgical complex in South Africa
https://energy.economictimes.indiatimes.com/news/coal/chinese-investors-plan-10-billion-metallurgical-complex-in-south-africa/65165471
Chinese investors plan $10-billion metallurgical complex in South Africa
South Africa's President Cyril Ramaphosa said at a joint news conference with Xi on Tuesday that China had committed to invest $14.7 billion in the South African economy, but neither leader mentioned the $10-billion complexREUTERS | July 27, 2018, 17:31 IST
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JOHANNESBURG: Chinese investors signed agreements to build a $10-billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters.
South Africa's President Cyril Ramaphosa said at a joint news conference with Xi on Tuesday that China had committed to invest $14.7 billion in the South African economy, but neither leader mentioned the $10 billion complex.
Ramaphosa is on a mission to kickstart economic growth after a decade of stagnation and is targeting $100 billion in new investment over five years.
The complex, which is still in the planning stage and envisages building a stainless steel plant, a ferrochrome plant and a silicomanganese plant, is a much-needed vote of confidence in the sputtering South African economy.
Trade and Industry Minister Rob Davies said on Tuesday that China was considering a metallurgical project in a special economic zone (SEZ), but he did not reveal the scale of the project or timeframe.
The executive involved in the project, who did not wish to be named because he was not authorised to speak to the media, said memoranda on the complex were signed before Xi and Ramaphosa gave news conference on Tuesday.
"The investors for the SEZ project were in the room when Ramaphosa and Xi spoke to the press," the executive said.
Richard Zitha, a project executive at the Musina-Makhado SEZ where the complex will be based, said the project was being led by Chinese state-owned companies, but he declined to name them.
He said the Chinese investors would look for Black Economic Empowerment partners to comply with South African rules designed to address racial disparities more than two decades after the end of apartheid.
The investors were open to investors from other countries joining at a later stage, he said.
"The investors have been in South Africa for around a week and have visited mines to look for inputs for the project," Zitha said.
The Musina-Makhado SEZ is in Limpopo province close to South Africa's borders with Mozambique, Zimbabwe and Botswana.
The SEZ plans to house plants with a capacity of 3 million tonnes per annum of stainless steel, 3 million tonnes per annum of ferrochrome and 500,000 tonnes per annum of silicomanganese. Those capacity targets are subject to change and will be finalised by the end of the year, the executive said.
A coal-fired power plant, coking plant and coal washery will be built alongside the metallurgical plants, a presentation prepared for investors showed.
Some of the steel output for the complex has been earmarked for export to China, while other products would be sold to countries in southern Africa, the executive said.
South Africa is already a major exporter of metal alloys to China.
Investors are hoping to receive the necessary environmental approvals by the end of March and would then start construction, Zitha said.
KFG Resources receives permit for Barnum No. 5 well
2018-07-25 11:12 MT - News Release
Mr. Robert Kadane reports
KFG RESOURCES ACQUIRES PERMIT TO DRILL BARNUM #5 WELL
KFG Resources Ltd.'s subsidiary, KFG Petroleum Corp. of Natchez, Miss., has permitted the Barnum No. 5 well in Adams county, Miss. It will be a 6,500-foot test of several Wilcox sands that produce in the immediate area. As of July 1, 2018, KFG's Barnum lease has paid out and the company's working interest rose from 9-per-cent working interest to 22.5-per-cent working interest and from 6.89-per-cent net revenue interest to 16.875-per-cent net revenue interest.
KFG's Craig lease will pay out shortly and a news release will be put out when that occurs. Additional projects are now under review with the improved pricing environment.
© 2018 Canjex Publishing Ltd. All rights reserved.
China to invest $15 billion in South African economy
https://www.rt.com/business/434184-china-billions-investments-south-africa/
China to invest $15 billion in South African economy
Published time: 25 Jul, 2018 07:38
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China to invest $15 billion in South African economy
© Thomas White / Reuters
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Beijing has pledged to bankroll $14.7 billion in South Africa and provide the country’s power utility and logistics corporation with loans. The South African rand firmed by more than one percent on news of the investment.
The announcement followed a meeting between the two countries’ leaders President Cyril Ramaphosa and Chinese President Xi Jinping in Pretoria. Xi’s state visit took place ahead of the 10th BRICS summit, scheduled for July 25-27. South Africa's biggest city of Johannesburg is set to welcome the heads of Brazil, Russia, India, and China.
“China is ready to invest and work with South Africa in various sectors, such as infrastructure development, ocean economy, green economy, science and technology, agriculture, environment and finance,” Ramaphosa told journalists following the meeting.
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Chinese producers complained that flood of cheaper products damaging the local industry https://on.rt.com/9avb
11:00 PM - Jul 23, 2018
China launches dumping probe into steel imports from Indonesia, EU, Japan, and South Korea — RT...
China’s Commerce Ministry launched an anti-dumping investigation on Monday into stainless steel imports from four countries. Domestic producers have complained that a flood of cheaper products has...
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“We also recognized that, although trade figures have grown steadily over the past few years, bilateral trade has not reached its potential. We have thus explored avenues for increasing trade, identifying sectors for future investment and promoting tourism.”
The parties reportedly signed three major agreements aimed at strengthening mutual trade and identifying sectors for future investment. The presidents also announced plans to relax travel restrictions and loosen visa requirements.
The rand grew 1.04 percent to 13.3200 per dollar at 11:45 GMT, its firmest since Thursday.
“The rand is firming because our president is making it rain,” Wichard Cilliers, a trader at Pretoria-based Treasuryone told Bloomberg. “He has just secured another big investment, this time from China. That means new FDI inflows.”
For more stories on economy & finance visit RT's business section
Canaf Group appoints Williams to board, as CFO
2018-07-19 07:57 MT - News Release
Mr. Christopher Way reports
CANAF ANNOUNCES APPOINTMENT OF DIRECTOR AND CFO
Canaf Investments Inc., formerly known as Canaf Group Inc., has appointed Rebecca Williams as a director and chief financial officer effective today.
Rebecca, based in the UK, qualified with the Chartered Institute of Management Accounting in 2009 following a first class honours degree in Accounting and Finance from the University of Warwick, United Kingdom. Having spent 8 years progressing her accounting career with the rail industry, Rebecca diversified into corporate transformation having led divestment programmes and functional restructuring.
Rebecca joins Canaf at a time where the Corporation is looking to diversify and expand; her locality to the rest of the board, coupled with her ambition, enthusiasm and expertise will benefit the Corporation and its future plans.
The Corporation also confirms the resignation of Derick Sinclair as Chief Financial Officer and director. Christopher Way, CEO stated, "Derick leaves his position on the board, and as CFO, after having acted as Canaf's interim CFO, following the sudden passing of Zeny Manalo earlier in the year. In the short time Derick has been with Canaf, he has delivered some positive changes, and we are pleased to know that he will remain available to the Corporation as a consultant when required."
About Canaf
Canaf is a public company listed on the TSX-V Exchange. Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100% of Quantum Screening and Crushing (Pty) Ltd., ("Quantum"), a South African based company that owns 100% of Southern Coal (Pty) Ltd., ("Southern Coal"), a company that produces a high carbon, de-volatised anthracite. As of 03 July 2018, Quantum agrees to sell 30% of its shares in Southern Coal for the net consideration of R18million; the transaction will close by 31 August 2018.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Looks like resistance has hit this stock over the last month despite decent earnings. Starting to unload my position and take the 100%+ gain and purchase AXM.V and CAF.V since they are half the price with more potential than TNA.V. Getting two stocks for the price of one is always a good deal and great diversification strategy. What the market has taught us is despite the venture at a three year low, earnings based companies continue to go up. The losses are coming from Marijuana/Crypto and speculative companies that have no capital to work with. Thus buying small caps that generate free cash flow cannot lose in these turbulent times. But AXM being in gold and CAF in coking coal used for steel, these two metals are highly sought after right now.
https://simplywall.st/stocks/ca/materials/tsxv-caf/canaf-investments-shares/news/what-you-must-know-about-canaf-investments-incs-cvecaf-financial-strength/
What You Must Know About Canaf Investments Inc’s (CVE:CAF) Financial Strength
Armando Maloney July 13, 2018
Canaf Investments Inc (CVE:CAF) is a small-cap stock with a market capitalization of US$4.98m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. Why is it important? Evaluating financial health as part of your investment thesis is crucial, as mismanagement of capital can lead to bankruptcies, which occur at a higher rate for small-caps. I believe these basic checks tell most of the story you need to know. Nevertheless, this commentary is still very high-level, so I recommend you dig deeper yourself into CAF here.
Does CAF produce enough cash relative to debt?
CAF’s debt levels have fallen from US$566.85k to US$271.61k over the last 12 months , which comprises of short- and long-term debt. With this debt payback, the current cash and short-term investment levels stands at US$315.41k , ready to deploy into the business. Moreover, CAF has generated cash from operations of US$536.73k during the same period of time, leading to an operating cash to total debt ratio of 197.61%, indicating that CAF’s debt is appropriately covered by operating cash. This ratio can also be a sign of operational efficiency as an alternative to return on assets. In CAF’s case, it is able to generate 1.98x cash from its debt capital.
Does CAF’s liquid assets cover its short-term commitments?
At the current liabilities level of US$2.72m liabilities, the company has been able to meet these obligations given the level of current assets of US$4.36m, with a current ratio of 1.61x. Usually, for Metals and Mining companies, this is a suitable ratio since there is a bit of a cash buffer without leaving too much capital in a low-return environment.
TSXV:CAF Historical Debt July 12th 18
TSXV:CAF Historical Debt July 12th 18
Is CAF’s debt level acceptable?
CAF’s level of debt is appropriate relative to its total equity, at 10.45%. CAF is not taking on too much debt commitment, which can be restrictive and risky for equity-holders. We can check to see whether CAF is able to meet its debt obligations by looking at the net interest coverage ratio. A company generating earnings before interest and tax (EBIT) at least three times its net interest payments is considered financially sound. In CAF’s, case, the ratio of 32.89x suggests that interest is comfortably covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.
Sunora Foods' Q2 sales at $3.52-million
2018-07-11 11:09 MT - News Release
Mr. Steve Bank reports
SUNORA FOODS ANNOUNCES Q2 2018 SALES FIGURES
Sunora Foods Inc. has released unaudited, preliminary sales figures for the second quarter ending June 30, 2018.
SALES FIGURES Q2 2018
Q2 2018 Q2 2017
Sales $3,520,361 $3,165,082
Canadian $45,560 $186,690
United States $2,503,946 $2,411,188
Overseas $970,854 $567,204
Stronger sales in the second quarter resulted from Sunora overseas initiatives. The company will be continuing its efforts in this direction.
About Sunora Foods Inc.
Sunora Foods is a food oil entity, based in Calgary, Alta., trading and supplying canola oil and other food oils in Canada and internationally under the Sunora, Sunera and numerous private label brands.
© 2018 Canjex Publishing Ltd. All rights reserved.
six recent articles on the Central African Republic
July 5th 2018 – Gabon Keeps 444 troops in CAR
https://m.news24.com/Africa/News/gabon-to-keep-troops-in-un-mission-in-car-20180705
July 6th 2018 – Russian Mercenaries Secure Gold Mines In CAR
https://www.unian.info/world/10177382-new-russian-mercenary-group-reportedly-fighting-in-syria-media.html
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
https://www.un.org/press/en/2018/ga12039.doc.htm
June 29th 2018 – UN Deploys 700 Peace Keepers From Nepal To CAR
https://thehimalayantimes.com/nepal/united-nations-to-deploy-up-to-700-more-peacekeepers-from-nepal/
June 29th 2018 – AU(African Union) To Focus On Central African Republic
http://plenglish.com/index.php?o=rn&id=30340&SEO=au-summit-focused-on-challenges-progresses
June 26th 2018 – New Central African Republic Court Now In Order
https://www.news24.com/Africa/News/no-obstacles-in-launching-car-special-criminal-court-20180626
June 25th 2018 – Central African Republic Diamond Business Now Active Again
http://www.idexonline.com/FullArticle?Id=44032
six recent articles on the Central African Republic
July 5th 2018 – Gabon Keeps 444 troops in CAR
https://m.news24.com/Africa/News/gabon-to-keep-troops-in-un-mission-in-car-20180705
July 6th 2018 – Russian Mercenaries Secure Gold Mines In CAR
https://www.unian.info/world/10177382-new-russian-mercenary-group-reportedly-fighting-in-syria-media.html
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
https://www.un.org/press/en/2018/ga12039.doc.htm
June 29th 2018 – UN Deploys 700 Peace Keepers From Nepal To CAR
https://thehimalayantimes.com/nepal/united-nations-to-deploy-up-to-700-more-peacekeepers-from-nepal/
June 29th 2018 – AU(African Union) To Focus On Central African Republic
http://plenglish.com/index.php?o=rn&id=30340&SEO=au-summit-focused-on-challenges-progresses
June 26th 2018 – New Central African Republic Court Now In Order
https://www.news24.com/Africa/News/no-obstacles-in-launching-car-special-criminal-court-20180626
June 25th 2018 – Central African Republic Diamond Business Now Active Again
http://www.idexonline.com/FullArticle?Id=44032
Canaf Group to sell 30% of unit for $1.7M
2018-07-06 10:44 MT - News Release
Mr. Christopher Way reports
CANAF ANNOUNCES B-BBEE TRANSACTION FOR SOUTH AFRICAN SUBSIDIARY
Canaf Investments Inc., formerly known as Canaf Group Inc., has provided the terms of its new broad-based black economic empowerment (B-BBEE) transaction for its South African subsidiary, Southern Coal (Pty.) Ltd.
As part of Southern Coal's continuing B-BBEE transformation program, Amandla Amakhulu (Pty) Ltd. (AAM), a 100-per-cent black, privately owned company incorporated in South Africa, has agreed to acquire 30 per cent of the issued shares of Southern Coal, from Canaf's wholly owned subsidiary, Quantum Screening and Crushing Pty. Ltd., for the value of 18 million South African rand (approximately $1.7-million (Canadian)).
Quantum will in return receive cumulative, redeemable preference shares in AAM in the amount of the purchase price, 18 million rand (approximately $1.7-million (Canadian)). These preference shares shall provide preferential dividends, until redeemed by AAM. These dividends will be secured by an irrevocable direction from AAM to Southern Coal to pay Quantum such dividends from any distribution to AAM. The transaction will close by Aug. 31, 2018.
Christopher Way, chief executive officer of Canaf, states: "The signing of this important agreement to sell 30 per cent of Quantum's shares in Southern Coal, confirms our intention to ensure that Southern Coal achieves the required B-BBEE level for the current financial year. We remain focused on securing new long-term contracts for the existing business and also continue to look at diversification opportunities in South Africa and its neighbours."
In addition to this transaction, Southern Coal can confirm that it remains on track in ensuring that all other areas of its B-BBEE transformation plan, including its enterprise, socio-economic, skills, and supplier and development programs, are fully invested in, so to ensure that the company reaches its desired level.
About Canaf Group Inc.
Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 100 per cent of Southern Coal Pty. Ltd., a company that produces a high carbon, devolatized anthracite. As of July 3, 2018, Quantum agrees to sell 30 per cent of its shares in Southern Coal for the net consideration of 18 million rand; the transaction will close by Aug. 31, 2018.
About Southern Coal
Southern Coal produces calcined anthracite, a product used primarily as a substitute to coke in sintering processes. Southern Coal produces calcined anthracite by feeding washed anthracite coal through a rotary kiln, at temperatures between 900 and 1,100 C; the volatiles are driven off and the effective carbon content increased.
Southern Coal's two largest clients are African leaders in steel and ferromanganese production. Southern Coal operates near Newcastle, KwaZulu-Natal, where Quantum's three kilns operate; the majority of Southern Coal's feedstock anthracite is supplied from local anthracite mines in KwaZulu-Natal.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
http://www.imf.org/en/News/Articles/2018/07/03/pr18272-imf-executive-board-completes-fourth-review-central-african-republic
IMF Executive Board Completes Fourth Review Under the ECF Arrangement for the Central African Republic and Approves US$ 32.1 Million Disbursement
July 3, 2018
Completion of the review enables a disbursement of US$ 32.1 million.
Program implementation has been satisfactory in a difficult context. Restoring peace and speeding the implementation of the development agenda are key to sustain the economic recovery and reduce poverty.
Improving domestic resource mobilization is crucial for the scaling up of expenditure in key sectors such as health, education, and security.
On July 2, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fourth review under the Extended Credit Facility (ECF) arrangement [1] for the Central African Republic. The completion of the review enables a disbursement of SDR 22.84 million (about US$ 32.1 million), which will bring total disbursements under the arrangement to SDR 88 million (about US$ 123.7 million).
The ECF arrangement for the CAR was approved by the Executive Board on July 20, 2016 (see Press Release No. 16/352 ) for SDR 83.55 million and subsequently augmented twice to a total of SDR 133.68 million (about US$ 189.0 million, 120 percent of Central African Republic’s quota at the IMF).
At the conclusion of the Board’s discussion, Mr. Tao Zhang, Deputy Managing Director and Acting Chair, stated:
Performance under the ECF-supported program has been satisfactory despite a challenging security environment and difficult humanitarian conditions. The authorities stepped up the implementation of their reform agenda and public investment plan.
“Fiscal policy is broadly on track. The revised 2018 budget includes new revenue measures and remains anchored to the domestic primary balance objective while allowing a scale-up of social and capital spending. Renewed efforts to mobilize domestic revenues, which remain weak, will be critical to support the scaling-up. Given the country’s high risk of debt distress, continued reliance on grant financing is essential to support debt sustainability. The implementation of the investment program for the National Recovery and Peacebuilding Plan will boost economic prospects.
“The authorities continued to implement fiscal structural reforms, which contributed to the strengthening of the treasury single account, improved budget transparency and traceability of domestic revenues. Quarterly publication of budget execution reports allows for better tracking and monitoring of government expenditures. More consideration should be given to streamlining quasi-fiscal taxes, reducing exceptional payment procedures, and strengthening the asset declaration regime. It will also be important to follow through on commitments to strengthen transparency in the management of natural resources.
“The government started the comprehensive clearance of domestic arrears. The transparent repayment of arrears will support growth, bolster the credibility of the state, and strengthen the banking sector.
“The Central African Republic’s program is supported by the implementation of policies and reforms by the regional institutions in the areas of foreign exchange regulations and monetary policy framework and to support an increase in regional net foreign assets, which are critical to the program’s success.”
[1] The ECF is a lending arrangement that provides sustained program engagement over the medium to long term in case of protracted balance of payments problems. Details on Central African Republic’ arrangement are available at www.imf.org/external/country/CAF .
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: ISMAILA DIENG
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG
http://www.imf.org/en/News/Articles/2018/07/03/pr18272-imf-executive-board-completes-fourth-review-central-african-republic
IMF Executive Board Completes Fourth Review Under the ECF Arrangement for the Central African Republic and Approves US$ 32.1 Million Disbursement
July 3, 2018
Completion of the review enables a disbursement of US$ 32.1 million.
Program implementation has been satisfactory in a difficult context. Restoring peace and speeding the implementation of the development agenda are key to sustain the economic recovery and reduce poverty.
Improving domestic resource mobilization is crucial for the scaling up of expenditure in key sectors such as health, education, and security.
On July 2, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fourth review under the Extended Credit Facility (ECF) arrangement [1] for the Central African Republic. The completion of the review enables a disbursement of SDR 22.84 million (about US$ 32.1 million), which will bring total disbursements under the arrangement to SDR 88 million (about US$ 123.7 million).
The ECF arrangement for the CAR was approved by the Executive Board on July 20, 2016 (see Press Release No. 16/352 ) for SDR 83.55 million and subsequently augmented twice to a total of SDR 133.68 million (about US$ 189.0 million, 120 percent of Central African Republic’s quota at the IMF).
At the conclusion of the Board’s discussion, Mr. Tao Zhang, Deputy Managing Director and Acting Chair, stated:
Performance under the ECF-supported program has been satisfactory despite a challenging security environment and difficult humanitarian conditions. The authorities stepped up the implementation of their reform agenda and public investment plan.
“Fiscal policy is broadly on track. The revised 2018 budget includes new revenue measures and remains anchored to the domestic primary balance objective while allowing a scale-up of social and capital spending. Renewed efforts to mobilize domestic revenues, which remain weak, will be critical to support the scaling-up. Given the country’s high risk of debt distress, continued reliance on grant financing is essential to support debt sustainability. The implementation of the investment program for the National Recovery and Peacebuilding Plan will boost economic prospects.
“The authorities continued to implement fiscal structural reforms, which contributed to the strengthening of the treasury single account, improved budget transparency and traceability of domestic revenues. Quarterly publication of budget execution reports allows for better tracking and monitoring of government expenditures. More consideration should be given to streamlining quasi-fiscal taxes, reducing exceptional payment procedures, and strengthening the asset declaration regime. It will also be important to follow through on commitments to strengthen transparency in the management of natural resources.
“The government started the comprehensive clearance of domestic arrears. The transparent repayment of arrears will support growth, bolster the credibility of the state, and strengthen the banking sector.
“The Central African Republic’s program is supported by the implementation of policies and reforms by the regional institutions in the areas of foreign exchange regulations and monetary policy framework and to support an increase in regional net foreign assets, which are critical to the program’s success.”
[1] The ECF is a lending arrangement that provides sustained program engagement over the medium to long term in case of protracted balance of payments problems. Details on Central African Republic’ arrangement are available at www.imf.org/external/country/CAF .
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: ISMAILA DIENG
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG
Canaf Group changes name to Canaf Investments
2018-07-03 18:11 MT - News Release
Mr. Christopher Way reports
CANAF GROUP INC. ANNOUNCES NAME CHANGE TO CANAF INVESTMENTS INC.
Canaf Group Inc. will be changing its corporate name to Canaf Investments Inc., effective July 5, 2018. At the opening of trading on July 5, 2018, the common shares of the company will commence trading on the TSX Venture Exchange under the new name and Cusip No. 13682P102, and will continue trading under the same symbol CAF.
Shareholders holding share certificates in the name of Canaf Group can request replacement certificates with the new corporate name, but new certificates are not required and will not be automatically issued. There will be no consolidation of capital in connection with the change of name.
The change of name has been implemented to better represent the corporation and further meets the requirements of the corporation's new jurisdiction of British Columbia, which was approved in the last annual general meeting.
About Canaf Group Inc.
Canaf is a public company listed on the TSX Venture Exchange. Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 100 per cent of Southern Coal Pty. Ltd., a company that produces a high-carbon, devolatized anthracite.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Canaf Group Inc.(CAF.V) Q2 2018 Results. Financials + MD&A
All information can be found at www.sedar.com
Price: $0.11
Common Shares: 47,426,195
Warrants/Options: 0
Website: www.canafgroup.com
Financials (All In US Dollars)
ASSETS
Cash: $315,407
Trade Receivables: $3,604,555
Sales Tax Receivable: $3,091
Inventories: $418,389
Prepaid Expenses: $20,028
Property, Plant & Equipment: $953,801
Intangible: $1
Total Assets: $5,315,272
LIABILITIES
Trade & Other Payables: $2,296,780
Sales Tax Payable: $17,689
Income Tax Payable: $129,439
Bank Loan(Due Jan 2019): $271,611
Total Liabilities: $2,715,519
Asset/Debt Ratio: 1.96:1
Six Month Performance(Q1 & Q2 2018)
Sales: $8,698,426
Net Income: $691,115 USD
Net Income for 2017(Q1-Q4): $541,808 USD
Earnings per share in 2018:
$691,115USD X 1.31 CAD(June 29th 2018) / 47,426,195 = $0.019 cents CAD
Earnings per share over 6 quarters:
$1,232,923 X 1.31 CAD /47,426,195 = $0.034 cent CAD
MD&A Highlights
Revenues for the six months were $8,698,426 (2017 - $6,482,459) a 34% increase, and the Corporation continues to be profitable with gross profits of $703,169 (2017 - $684,905) a 2.7% increase and net income for six month period ended April 30, 2018 of $449,880 (2017 - $429,652) a $20,288, 4.7% increase. While revenues and gross margin have grown, increased cost of sales produced smaller gross margin percentages, 2018 8.1% (2017 10.6%).
The reduction in the gross margin is mainly due to a major maintenance project during the period. The Corporation expects to continue to operate profitably into Q3 and Q4, however Revenue is expected to drop, due to a reduction in demand caused primarily by one of Southern Coals main customers’ internal coke breeze coming back online.
The outlook and profitability of the Corporation remains strong and the Corporation expects to continue to generate positive free cash flow during the fiscal year-end 2018 and, as it accumulates cash and reduces its gearing and increases its efficiencies, will continue to look at investment in related business opportunities in South Africa and neighbouring countries.
The Corporation’s B-BBEE transaction for the sale of 30% of Quantum’s shares in Southern Coal remains on track to be completed during the current fiscal year. Following the termination of the initial agreement announced on 20 February 2018, a new B-BBEE partner has been identified and initial terms of the agreement, which will remain much the same as the previously agreed transaction, are expected to be announced during Q3.
Sales from the Corporation’s South African coal processing business are substantially derived from two customers and as a result, the Corporation is economically dependent on these customers. The Corporation’s exposure to credit risk is limited to the carrying value of its accounts receivable. As at April 30, 2018, trade receivables of $3,604,555 (October 31, 2017, $1,314,828) were due from these customers and were collected subsequent to period-end.
The bank loan bears interest at 10.25% per annum, matures on January 7, 2019, and is secured by the Corporation’s furnace acquired with the proceeds from the loan. The bank loan is repayable in blended monthly payments of Rand 391,624 ($32,359.89 translated at April 30, 2018 exchange rate)). During the six month period ended April 30, 2018, the Corporation incurred interest expense totaling $19,909 (April 30, 2017 – $29,658).
Expenses for the six months were $304,980 (2017 - $237,288) an increase of $67,692, 29%, primarily due to increased costs relating to the B-BBEE program
General administrative and finance expenses for the six month period were $285,071 (April 30, 2017 - $207,630) an unfavourable variance of $77,441, primarily due to increased involvement in South Africa’s B-BBEE program and increased activity resulting in higher management fees and office expenses. Additional detail of general and admin expenses can be found in the table below.
Canaf Group earns $691,115 (U.S.) in six months
2018-06-28 14:56 ET - News Release
Mr. Christopher Way reports
CANAF ANNOUNCES FINANCIAL RESULTS FOR Q2 2018
Canaf Group Inc. has released its financial statements, and management discussion and analysis for the six-month period ended April 30, 2018.
The corporation is pleased to confirm continued positive results for the period in line with expectations.
Revenue for the six-month period ended April 30, 2018, increased to $8,698,426 (U.S.), an increase of 34 per cent compared with the same period last fiscal year, which generated a net comprehensive income of $691,115 (U.S.) (2017: $434,934 (U.S.)).
For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the company's website.
About Canaf Group Inc.
Canaf is a public company listed on the TSX Venture Exchange. Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 100 per cent of Southern Coal Pty. Ltd., a company that produces a high-carbon, devolatized anthracite.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Newest article on CAF. Won't matter because in 6 business days or sooner we will see Q2 results. 40% revenue increase, stronger South African Rand/US Conversion, High coking coal prices, decreased expenses based on what was stated in Q1 MD&A, the combination should generate a much larger overall profit for the second quarter. I am estimating between $750-800K USD. Keep in mind that $473K CAD is $0.01c earnings, so after 6 months if we earn over $1 million USD, stock fair value is around $0.30 based on a 10X multiple.
https://simplywall.st/stocks/ca/materials/tsxv-caf/canaf-group-shares/news/how-financially-strong-is-canaf-group-inc-cvecaf/
Autumn Haas June 22, 2018
While small-cap stocks, such as Canaf Group Inc (CVE:CAF) with its market cap of CA$5.45m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. So, understanding the company’s financial health becomes vital, since poor capital management may bring about bankruptcies, which occur at a higher rate for small-caps. Here are few basic financial health checks you should consider before taking the plunge. However, since I only look at basic financial figures, I recommend you dig deeper yourself into CAF here.
Does CAF produce enough cash relative to debt?
CAF has shrunken its total debt levels in the last twelve months, from CA$702.23k to CA$416.88k , which is made up of current and long term debt. With this debt repayment, the current cash and short-term investment levels stands at CA$453.61k , ready to deploy into the business. Moreover, CAF has produced CA$587.51k in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 140.93%, meaning that CAF’s current level of operating cash is high enough to cover debt. This ratio can also be interpreted as a measure of efficiency as an alternative to return on assets. In CAF’s case, it is able to generate 1.41x cash from its debt capital.
Can CAF pay its short-term liabilities?
At the current liabilities level of CA$1.18m liabilities, it appears that the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.93x. For Metals and Mining companies, this ratio is within a sensible range as there’s enough of a cash buffer without holding too capital in low return investments.
TSXV:CAF Historical Debt June 21st 18
TSXV:CAF Historical Debt June 21st 18
Does CAF face the risk of succumbing to its debt-load?
With debt at 16.11% of equity, CAF may be thought of as appropriately levered. This range is considered safe as CAF is not taking on too much debt obligation, which may be constraining for future growth. We can test if CAF’s debt levels are sustainable by measuring interest payments against earnings of a company. Ideally, earnings before interest and tax (EBIT) should cover net interest by at least three times. For CAF, the ratio of 10.57x suggests that interest is comfortably covered, which means that debtors may be willing to loan the company more money, giving CAF ample headroom to grow its debt facilities.
Next Steps:
CAF has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level. In addition to this, the company exhibits proper management of current assets and upcoming liabilities. Keep in mind I haven’t considered other factors such as how CAF has been performing in the past. You should continue to research Canaf Group to get a better picture of the stock by looking at:
Future Outlook: What are well-informed industry analysts predicting for CAF’s future growth? Take a look at our free research report of analyst consensus for CAF’s outlook.
Historical Performance: What has CAF’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.
Axmin, Teranga receive exploration permits in Senegal
2018-06-18 16:06 MT - News Release
Ms. Lucy Yan reports
NEW EXPLORATION PERMITS IN SENEGAL WITH TERANGA GOLD CORPORATION (TERANGA)
Axmin Inc. has received confirmation from Teranga that the government of the Republic of Senegal has granted two new exploration permits under the 2016 Senegalese Mining Code for Sounkounkou and Bransan, encompassing the 17 target areas that the company shares an interest in with Teranga.
The initial term of the exploration permits is for a period of four years with a requisite minimum expenditure commitment during this initial period. Thereafter, the exploration permits are renewable two times for consecutive periods not exceeding three years each, provided that Teranga has satisfied its work and expenditure commitments. The Bransan perimeter is 337.3 square kilometres and Sounkounkou is 291.7 square km, which together cover roughly 90 per cent of the prior permit areas.
Axmin chairman Lucy Yan said, "The issuance of exploration permits for the additional targets, upon which Axmin has a [net smelter return] royalty of 1.5 per cent, is very good news for our company."
About Axmin Inc.
Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its feasibility-stage Passendro gold project in the Central African Republic.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Axmin, Teranga receive exploration permits in Senegal
2018-06-18 16:06 MT - News Release
Ms. Lucy Yan reports
NEW EXPLORATION PERMITS IN SENEGAL WITH TERANGA GOLD CORPORATION (TERANGA)
Axmin Inc. has received confirmation from Teranga that the government of the Republic of Senegal has granted two new exploration permits under the 2016 Senegalese Mining Code for Sounkounkou and Bransan, encompassing the 17 target areas that the company shares an interest in with Teranga.
The initial term of the exploration permits is for a period of four years with a requisite minimum expenditure commitment during this initial period. Thereafter, the exploration permits are renewable two times for consecutive periods not exceeding three years each, provided that Teranga has satisfied its work and expenditure commitments. The Bransan perimeter is 337.3 square kilometres and Sounkounkou is 291.7 square km, which together cover roughly 90 per cent of the prior permit areas.
Axmin chairman Lucy Yan said, "The issuance of exploration permits for the additional targets, upon which Axmin has a [net smelter return] royalty of 1.5 per cent, is very good news for our company."
About Axmin Inc.
Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its feasibility-stage Passendro gold project in the Central African Republic.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
https://www.shephardmedia.com/news/landwarfareintl/car-asks-un-approve-china-arms-deliveries/
CAR asks UN to approve China arms deliveries
12th June 2018 - 08:08 GMT | by ?Agence France-Presse in United Nations
RSS
The Central African Republic (CAR) has asked the UN Security Council to approve deliveries of Chinese-made armoured vehicles, machine guns, tear gas grenades and other weaponry for its struggling army and police, according to the request obtained by AFP on 11 June.
CAR Defence Minister Marie Noelle Koyara requested an exemption to an arms embargo, arguing that national forces are ‘confronted with the strength and escalating violence of armed groups whose illegal activities pose a threat to civil order.’
The council imposed an arms embargo on the CAR in 2013 when the country descended into bloodshed but its sanctions committee in 2017 gave the green light for Russia to supply weapons to the national forces.
Council members have until 3:00 pm EST (7:00 pm GMT) of 15 June 2018 to raise objections to the request for the Chinese shipments, according to a letter from the sanction committee's vice-chair.
China is donating the military equipment which includes 12 armoured vehicles and four assault vehicles, 50 pistols, six sniper rifles, ten submachine guns with silencers and some 30 machine guns of various calibres.
The list of equipment from China's Poly Technologies also includes 300 rockets, 500 anti-tank grenades, some 725,000 rounds of ammunition of various types and 15,000 tear gas grenades.
In her request, the defence minister argued that tear gas would help gendarmerie and police deal with crowd control as the ‘units do not currently possess any of this equipment designed to maintain order.’
The request for the Chinese weaponry is backed by a European Union military training mission and by the UN peacekeeping operation MINUSCA, which has come under repeated attacks from armed groups. Five peacekeepers have been killed in 2018.
The CAR exploded into violence following the 2013 overthrow of longtime leader Francois Bozize, prompting France to intervene with its Operation Sangaris.
MINUSCA took over an African Union-led mission in 2014, deploying some 12,000 troops and police, but the country remains overrun with militias, many of whom claim to protect Christian or Muslim communities.
CAR's leaders have repeatedly asked the Security Council to ease the arms embargo to allow shipments of equipment that will beef up the national forces.
France and the UN mine-action service have helped CAR's defence ministry set up armouries and ammunition depots for the deliveries, which the request stated should take place in June 2018.
Koyara wrote: ‘Building up the defence and security forces, alongside MINUSCA, and progressive deployment of those forces safeguards the security of people and ensures the progressive enforcement of state authority.’
Most of the armoured vehicles and other weaponry will be used by special forces trained by Rwanda and certified by the EU training mission. Units of CAR's gendarmerie and police were trained by the UN police.
https://www.shephardmedia.com/news/landwarfareintl/car-asks-un-approve-china-arms-deliveries/
CAR asks UN to approve China arms deliveries
12th June 2018 - 08:08 GMT | by ?Agence France-Presse in United Nations
RSS
The Central African Republic (CAR) has asked the UN Security Council to approve deliveries of Chinese-made armoured vehicles, machine guns, tear gas grenades and other weaponry for its struggling army and police, according to the request obtained by AFP on 11 June.
CAR Defence Minister Marie Noelle Koyara requested an exemption to an arms embargo, arguing that national forces are ‘confronted with the strength and escalating violence of armed groups whose illegal activities pose a threat to civil order.’
The council imposed an arms embargo on the CAR in 2013 when the country descended into bloodshed but its sanctions committee in 2017 gave the green light for Russia to supply weapons to the national forces.
Council members have until 3:00 pm EST (7:00 pm GMT) of 15 June 2018 to raise objections to the request for the Chinese shipments, according to a letter from the sanction committee's vice-chair.
China is donating the military equipment which includes 12 armoured vehicles and four assault vehicles, 50 pistols, six sniper rifles, ten submachine guns with silencers and some 30 machine guns of various calibres.
The list of equipment from China's Poly Technologies also includes 300 rockets, 500 anti-tank grenades, some 725,000 rounds of ammunition of various types and 15,000 tear gas grenades.
In her request, the defence minister argued that tear gas would help gendarmerie and police deal with crowd control as the ‘units do not currently possess any of this equipment designed to maintain order.’
The request for the Chinese weaponry is backed by a European Union military training mission and by the UN peacekeeping operation MINUSCA, which has come under repeated attacks from armed groups. Five peacekeepers have been killed in 2018.
The CAR exploded into violence following the 2013 overthrow of longtime leader Francois Bozize, prompting France to intervene with its Operation Sangaris.
MINUSCA took over an African Union-led mission in 2014, deploying some 12,000 troops and police, but the country remains overrun with militias, many of whom claim to protect Christian or Muslim communities.
CAR's leaders have repeatedly asked the Security Council to ease the arms embargo to allow shipments of equipment that will beef up the national forces.
France and the UN mine-action service have helped CAR's defence ministry set up armouries and ammunition depots for the deliveries, which the request stated should take place in June 2018.
Koyara wrote: ‘Building up the defence and security forces, alongside MINUSCA, and progressive deployment of those forces safeguards the security of people and ensures the progressive enforcement of state authority.’
Most of the armoured vehicles and other weaponry will be used by special forces trained by Rwanda and certified by the EU training mission. Units of CAR's gendarmerie and police were trained by the UN police.
A Vancouver based marketing firm has recently started promoting Axmin Inc,(AXM & AXMIF). This company has an office in the same building as Axmin Inc and in Shanghai. No doubt they struck a deal recently because this only came up on Google today. All Axmin Inc. information is up to date too. They are marketing strictly to Chinese investors.
https://nai500.com/
AXM - https://nai500.com/client/0C00000JF1/
About NAI - https://nai500.com/about-us/#faq-social-media
www.nai500.com
NAI Interactive Ltd. (NAI), established in 1998, is a leading market intelligence and investor relations service provider for fast growing public companies trading on the North American stock exchanges. Our goal is to serve as a bridge between public companies and Chinese investors, nurturing investor loyalty and form functional networks via our unique platform. Throughout the years, NAI has established itself as the most trusted firm in providing market insights to Chinese investors. We strive to provide a more powerful platform for companies and investors to connect with each other.
The 3 Strengths of NAI500
Extensive Experience in the Business
With 15 years in the IR business, NAI excels in the field of investor relations and market intelligence. Our professional team is specialized in targeting companies and connecting promising opportunities with investors.
Comprehensive Coverage of the Market
NAI hunts for investment opportunities from the perspective of an investor. Our extensive experience in the industry has helped build a vast network and ensures our access to the best market information in quantity and quality.
Precise Positioning
Our expertise in aggregating and distributing information has made us one of the most trusted sources to obtain company updates and analyses that are most important and relevant to investors.
A Vancouver based marketing firm has recently started promoting Axmin Inc,(AXM & AXMIF). This company has an office in the same building as Axmin Inc and in Shanghai. No doubt they struck a deal recently because this only came up on Google today. All Axmin Inc. information is up to date too. They are marketing strictly to Chinese investors.
https://nai500.com/
AXM - https://nai500.com/client/0C00000JF1/
About NAI - https://nai500.com/about-us/#faq-social-media
www.nai500.com
NAI Interactive Ltd. (NAI), established in 1998, is a leading market intelligence and investor relations service provider for fast growing public companies trading on the North American stock exchanges. Our goal is to serve as a bridge between public companies and Chinese investors, nurturing investor loyalty and form functional networks via our unique platform. Throughout the years, NAI has established itself as the most trusted firm in providing market insights to Chinese investors. We strive to provide a more powerful platform for companies and investors to connect with each other.
The 3 Strengths of NAI500
Extensive Experience in the Business
With 15 years in the IR business, NAI excels in the field of investor relations and market intelligence. Our professional team is specialized in targeting companies and connecting promising opportunities with investors.
Comprehensive Coverage of the Market
NAI hunts for investment opportunities from the perspective of an investor. Our extensive experience in the industry has helped build a vast network and ensures our access to the best market information in quantity and quality.
Precise Positioning
Our expertise in aggregating and distributing information has made us one of the most trusted sources to obtain company updates and analyses that are most important and relevant to investors.
https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003164
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
https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003164
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
Two videos that came out this week from reliable news sources(BBC & France 24). CAR is getting a huge boost from Russia and in return the Russians will be working on getting mining/exploration going on in the Central African Republic. This is big news because once they make it safe enough for Russia to work in the country, then Axmin Inc. will also have this ability in the near future, thus adding tremendous value back to the stock( 3 million ounce gold deposit on a $15 million market cap company)
BBC - http://www.bbc.com/news/av/world-africa-44293080/russia-and-the-central-african-republic-a-curious-relationship
France 24(Via Youtube) -
Two videos that came out this week from reliable news sources(BBC & France 24). CAR is getting a huge boost from Russia and in return the Russians will be working on getting mining/exploration going on in the Central African Republic. This is big news because once they make it safe enough for Russia to work in the country, then Axmin Inc. will also have this ability in the near future, thus adding tremendous value back to the stock( 3 million ounce gold deposit on a $15 million market cap company)
BBC - http://www.bbc.com/news/av/world-africa-44293080/russia-and-the-central-african-republic-a-curious-relationship
France 24(Via Youtube) -