Axmin Inc (AXMIF)

[JonnyRBuck12]

October has been a very active month for the Central African Republic(CAR for short). The government forces (FACA) are now starting to move ahead with reclaiming the country as the European Union, African Union, United Nations, Russia, Sudan, USA, France, and other powers help support them.

The goal for Axmin Inc. is to get back to it's Passendro gold property which is just north of Bambari in an area called Ndassima. Exactly one month ago, the government announced that it was going to start sending troops to Bambari and start taking back the town, then likely push ahead North and secure Ndassima, thus giving Axmin the ability to go back. This has been six years in the making, but this is the closest the company has ever been to going back.

Below are articles that summarize what has happened over the last month. As well, keep in mind that Teranga Gold(TGZ.T) will be announcing results on November 1st which will also include their usual quarterly royalty payment to Axmin Inc. There could also be a possible update as to the other targets being mined.

Sept.28 - Central African Republic: Soon the deployment of FACA in Bambari
link: http://ndjonisango.com/securite/centrafrique-bientot-le-deploiement-des-faca-a-bambari/
- With Bambari secured, FACA can move north and secure Ndassima/Ippy/Passendro, giving AXM the ability to go back
- Main area where AXM staff/equipment would be flown into

Oct 8 - CAR government works & citizens returning to Bambari
link: http://palmarescentrafrique.com/report-dun-mois-de-la-celebration-de-la-journee-mondiale-de-lalimentation-edition-2018-a-bambari/
- FACA also mentioned, so this tells me the town of Bambari is currently getting back to normal after years of turmoil

Oct 14 - UPC fighters weaponry taken away
link: http://french.xinhuanet.com/2018-10/14/c_137530852.htm
- So this is why the UPC pulled out of the October 23rd peace deal. FACA will not stand for armed guys walking around and will either take the weapons away, or take em out. UPC is the main rebel group that holds back Axmin from heading back to Passendro.

October 16th - 30 killed over two months in Central African diamond hub
link: https://www.timeslive.co.za/news/africa/2018-10-16-30-killed-over-two-months-in-central-african-diamond-hub/
- FPRC & UPC muslim extremists did this
- Stronger signal for FACA to push ahead sooner

October 23rd - Special Criminal Court In Central African Republic Conducts 1st Meeting
link: https://www.urdupoint.com/en/world/special-criminal-court-in-central-african-rep-462216.html
- Established court system to try criminals will help bring justice back to the country

October 23rd - Two CAR armed groups pull out of Khartoum peace process
link: http://www.sudantribune.com/spip.php?article66479
- The two armed groups that pulled out are the UPC and CDNS. UPC we know is due to FACA coming and taking back Bambari
Key note: "(We deplore) the low-level political instrumentalization of the Khartoum Declaration of Entente of August 28th which has been diverted to the sole benefit of the deployment of the FACA (Central African Armed Forces), a revanchist army ready to return to a fratricidal armed struggle," said the UPC.

October 24th - Central African Republic to begin disarming groups by year's end: UN envoy
link: https://www.modernghana.com/news/892711/central-african-republic-to-begin-disarming-groups-by-years.html
- Major breakthrough. Dealing with 8 groups rather than 14 will be easier

October 27th - CAfrica rebels issue ultimatum to government officials
link: https://www.yahoo.com/news/cafrica-rebels-issue-ultimatum-government-officials-193045042.html

October 27th - Central African Republic: Khartoum agreement still respected
link: https://africandailyvoice.com/en/2018/10/28/central-african-republic-khartoum-agreement-still-respected/

October 27th - Central African Republic: the President of the National Assembly dismissed
link: https://africandailyvoice.com/en/2018/10/28/central-african-republic-the-president-of-the-national-assembly-dismissed/

October 28th - Moscow Denies Reports of CAR Rebel Ultimatum to Withdraw Russian Mil. Advisers
link: https://sputniknews.com/africa/201810281069299191-russia-car-advisers-rebels/

Despite the apparent rumour that the rebels have told CAR representatives to leave, there is more support that this was fake news and things will proceed. FACA still needs to deal with the UPC, but they are much weaker now and have also had battles with the FPRC and Anti-Balaka over the last year.