Highlights
Community: Welcome message
Welcome to the Community view of the discussion threads. This page lets you view the discussion threads in the Community View. You can also check out the Social Forum view.

You need to Sign In or Register (FREE) to Post a message.

Have something to share? 

Timeline

Posted by ProfitableStocksOnly at May 17, 05:45 PM
  Be the first to like this.
 
ProfitableStocksOnly Looks as if the CEO of CAF has already established himself in South Africa's realm of black empowerment. He started a company a few years ago called Sewa Coti, as per his LinkedIn: Sewa Coti is an African-focused consultancy specialising in due diligence, project management, strategy, as well as B-BBEE legislation in South Africa.

So what that tells me is that with pretty much 100% certainty we will get a deal done, established Canaf with government contracts and shouldn't have any issue diversifying. This guy is smart, he has paved the road to growing this company far beyond where it's currently at.

From CAF's last MD&A:

The Corporation also remains focused on completing a Broad-Based Black Economic Empowerment (“B-BBEE”) transaction for Southern Coal, by mid-June 2018. The B-BBEE is a form of economic empowerment initiated by the South African government with the goal to distribute wealth across as broad a spectrum of previously disadvantaged South African society as possible. A new partner has been identified and initial terms of the agreement, which will remain much the same as the previously agreed transaction, will most probably be announced by the end of April 2018. The Corporation remains confident that it will achieve its B-BBEE goals during the current fiscal year and we remain optimistic of the opportunities that will arise from such a transaction.
28/05/2018 12:03
ProfitableStocksOnly 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.
29/06/2018 10:15
ProfitableStocksOnly 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.
29/06/2018 11:38
ProfitableStocksOnly 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.
04/07/2018 10:46
ProfitableStocksOnly 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.
06/07/2018 23:58
ProfitableStocksOnly 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.
13/07/2018 10:38
ProfitableStocksOnly 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.
19/07/2018 10:54
ProfitableStocksOnly 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
Get short URL
China to invest $15 billion in South African economy
© Thomas White / Reuters
10321
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.


RT

@RT_com
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...

rt.com
23
36 people are talking about this
Twitter Ads info and privacy
“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
25/07/2018 12:24
ProfitableStocksOnly 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
NewsletterA A

inShare
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.
27/07/2018 23:37
ProfitableStocksOnly Canaf finalizes subsidiary Southern Coal B-BBEE deal

2018-08-15 11:12 MT - News Release


Mr. Christopher Way reports

CANAF ANNOUNCES FINALISATION OF B-BBEE TRANSACTION FOR ITS SOUTH AFRICAN SUBSIDIARY

Canaf Investments Inc., formerly known as Canaf Group Inc., has finalized its new Broad-Based Black Economic Empowerment transaction for its South African subsidiary, Southern Coal Pty. Ltd.

Further to the announcement dated July 6, 2018, the corporation can confirm that Amandla Amakhulu (RF) Pty. Ltd., a 100% black, privately owned ringfenced company incorporated in South Africa, has acquired 30% of the issued shares of Southern Coal, from Canaf's wholly owned subsidiary, Quantum Screening and Crushing (Pty) Ltd., ("Quantum"), for the value of R18million (C$1.7m approx), with effective date 03 July 2018.

Quantum has in return received cumulative, redeemable preference shares in AAM in the amount of the purchase price, R18million (C$1.7million approx). These preference shares shall provide preferential dividends, until all preference shares have been redeemed by AAM. These dividends are subject to terms and conditions requiring AAM to pay Quantum such dividends from any distribution received from Southern Coal and is also subject to further protective conditions to the benefit of Quantum.

Christopher Way, Chief Executive Officer of Canaf, states, "the finalisation of the transaction with Amandla Amakhulu marks a significant milestone in a strategic plan to bring Southern Coal's B-BBEE rating in line with our customers requirements. It is with great pleasure to deliver what we have promised to our customers."

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., a South African based company that owns 70% of Southern Coal (Pty) Ltd., ("Southern Coal"), a company that produces a high carbon, de-volatised anthracite.

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 rotary kilns, at temperatures between 900 and 1100 degrees centigrade; 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.
15/08/2018 14:42
ProfitableStocksOnly Canaf announces full repayment of term loan and award of B-BBEE rating

2019-01-21 10:03 MT - News Release

Mr. Christopher Way reports

CANAF ANNOUNCES FULL REPAYMENT OF TERM LOAN AND AWARD OF B-BBEE RATING

Canaf Investments Inc.'s majority-owned South African subsidiary, Southern Coal Pty Ltd., has fully repaid a term loan. Canaf has been awarded a level 4 broad-based black economic empowerment (B-BBEE) rating.

On 07 January 2019, Southern Coal (Pty) Ltd., ("Southern Coal") the Corporation's majority owned South African subsidiary, made its final payment for the 14 million Rand loan from ABSA bank, which was drawn down in February 2015. Repayment of this loan now releases Southern Coal from monthly instalments of approximately 392,000 Rand (approx. C$37,000 or US$28,000), which the Corporation plans to allocate to future diversification or expansion projects.

On 21 January 2019, and further to the Corporation's announcement on 15 August 2018, Southern Coal was awarded a Level 4, B-BBEE rating. Christopher Way, Chief Executive Office of Canaf, states, "Achieving a Level 4 rating is a proud achievement for Southern Coal, and now frees up the company's ability to engage in long-term agreements with existing and new potential customers."

The achievement of both the repayment of debt and the award of a Level 4 B-BBEE rating further strengthens the Corporation's financial and strategic position, as it looks at new investment and expansion opportunities.

About Canaf

Canaf is a public company listed on the TSX-V Exchange. Canaf's registered 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 70% of Southern Coal (Pty) Ltd., ("Southern Coal"), a company that produces a high carbon, de-volatised (calcined) anthracite.

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 rotary kilns, at temperatures between 900 and 1100 degrees centigrade; 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.

© 2019 Canjex Publishing Ltd. All rights reserved.
21/01/2019 12:32

Posted by ProfitableStocksOnly at May 17, 05:47 PM
  Be the first to like this.
 
ProfitableStocksOnly 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.
18/06/2018 23:53
ProfitableStocksOnly 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
04/07/2018 11:00
ProfitableStocksOnly 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/101773...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
07/07/2018 11:29
ProfitableStocksOnly 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
28/07/2018 00:00
ProfitableStocksOnly 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
28/07/2018 21:50
ProfitableStocksOnly 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).
02/08/2018 10:05
ProfitableStocksOnly 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.
02/08/2018 11:03
ProfitableStocksOnly 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
02/08/2018 17:04
ProfitableStocksOnly 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
09/08/2018 15:55
ProfitableStocksOnly Very positive article below. With Russian/CAR ties growing and several rebel groups giving up arms next month, it's very likely that the country will stabilize and be fully under government control sooner than later. This gives Axmin Inc the opportunity to go back to their gold deposite which has 2.5 million ounces proven and 1.6 million inferred, not including their expansion claims. Keep in mind that they are still getting positive cash flow from their Senegal royalty with Teranga Gold and Q2 2018 results will be out by the end of August or sooner.

https://www.reuters.com/article/us-russia-centralafrica-accord/russia-signs-military-deal-with-the-central-african-republic-agencies-idUSKCN1L60R2

Russia signs military deal with the Central African Republic: agencies
Reuters Staff

2 MIN READ

MOSCOW (Reuters) - Russia and the Central African Republic (CAR) signed a military deal on Tuesday paving the way for Moscow to step up training of CAR’s armed forces, Russian news agencies reported.

FILE PHOTO - Russian Defence Minister Sergei Shoigu and Foreign Minister Sergei Lavrov attend a meeting with Japanese Foreign Minister Taro Kono and Defense Minister Itsunori Onodera in Moscow, Russia July 31, 2018. REUTERS/Maxim Shemetov
Russia’s growing military ties with CAR and its heightened interest in Africa were thrust into the spotlight last month when three Russian journalists were killed while investigating the alleged presence of Russian mercenaries there.

The agreement was signed at a state arms exhibition near Moscow attended by the two countries’ defence ministers, Russian news agencies reported.

Russia delivered light arms to the Central African Republic’s security forces earlier this year and said it had deployed 175 military and civilian instructors to train them.

The RIA news agency cited Marie-Noelle Koyara, CAR’s defence minister, as saying the accord would spur the Russian military training effort.

Koyara did not specify whether the training would take place in Russia, or in CAR with the help of Russian instructors.
21/08/2018 13:44
ProfitableStocksOnly new company presentation out now: http://axmininc.com/images/axmin_presentation_8jun2018.pdf
31/08/2018 13:58
ProfitableStocksOnly Axmin to settle $2M (U.S.) debt with shares, cash

2018-10-10 12:09 MT - News Release


Ms. Lucy Yan reports

AXMIN ANNOUNCES SETTLEMENT OF ACCOUNTS PAYABLE

Axmin Inc. has entered into an agreement to settle a long-standing accounts payable by the company.

As previously announced on Nov. 15, 2013, the company entered into a consultancy agreement to assist Axmin with securing its ownership of licences in the Central African Republic. Under this consulting agreement, the consultant was entitled to remuneration upon the successful completion of its services. The total outstanding payments due under this consulting agreement amount to $2-million (U.S.) and were duly recorded in the company's accounts payable. The company has benefited from the renewal of its respective licences and permits, and is in good standing with the government of the Central African Republic.

After extended negotiations, as referenced in the company's management's discussion and analysis for the six months ended June 30, 2018, and 2017, the company has agreed to a settlement of this accounts payable by making a payment of $1.2-million (U.S.) and issuing 3.46 million shares of Axmin at a price of 30 cents per share. The transaction relating to the settlement agreement was unanimously approved by the board of Axmin and has also received conditional approval from the TSX Venture Exchange. Closing of the transaction will occur immediately following final approval from the TSX-V.

The shares issued pursuant to the above-referenced settlement agreement will be subject to transfer restrictions under a two-year lock-up agreement, during which time the shares may not be sold. The transfer restrictions under the lock-up agreement will expire two years plus one day from the date of grant.

Lucy Yan, chairman of Axmin, commented: "The company appreciates the assistance and value provided during this difficult period of force majeure. Axmin also appreciates the patience provided in settling this long-outstanding invoice and the confidence expressed in our company by the acceptance of shares in lieu of a cash payment. The resulting improvement of Axmin's balance sheet is very good news for our company and we look forward to getting back on site in the Central African Republic as soon as possible."

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.
16/11/2018 11:11
ProfitableStocksOnly Three new articles out talking about how the Central African Republic is growing in terms of economy, military strength and foreign investment. They are in French and will need to be converted to English via google.

1) New Flights Offered In Central African Republic - https://www.jeuneafrique.com/668670/economie/lancement-de-liaisons-commerciales-interieures-en-centrafrique-3-questions-a-david-lamoureux-patron-de-la-compagnie-via-air/

2) FACA deployed to Alindao to secure town - http://ndjonisango.com/securite/centrafrique-le-gouvernement-projette-le-deploiement-des-faca-a-alindao/?fbclid=IwAR37otfNs3yBm8uZ-pQSdLBrCe-cDBdhLmX_JYXJ3f2rO8On-k-8HNlaKI4

- Note: This is major news because Alindao is the UPC stronghold and once they are eliminated from the area, Bambari to Ndassima should be secured, thus giving Axmin access back to the gold deposit. Not only that, Alindao is much father from Bambari than Ndassima, which means FACA has a much larger radius of control and support.

3) Chinese company to begin exploring for oil in the Central African Republic - http://news.abangui.com/h/66055.html?fbclid=IwAR1K-a7Oyel09dsG4L1F6IcM6NrpE2qxdybLPUp9Aa0qTLbn2Wksck3iKuE

- This isn't gold, but it goes to show that now Diamonds and Oil are being extracted from the country. Thus gold isn't far away and the tax dollars earned by the government will help stabilize everything
21/11/2018 12:34
ProfitableStocksOnly International Trade Center & CAR Officials Meet

http://news.abangui.com/h/66090.html?fbclid=IwAR2EB14ny8Gp6dmRyqp33iCTTj69LiWFWGF8BHfvdfYrw0JINEkbj6dyv3I

Central Africa: ITC builds capacity of trade and investment support institutions
Posted on Friday November 23rd 2018 | Rjdh Central African Republic

BANGUI - the International Trade Center (ITC) in collaboration with the Ministry of Commerce and Industry organized a workshop from 21-23 November 2018 at the Ledger Hotel Bangui on the validation of the feasibility study for the creation a Central African agency promoting investment and exports.

It is within the framework of the reinforcement of the institutional mechanism of support to the development of the investments and the exports, that the government of the Central African Republic initiated, with the assistance of the ITC, a feasibility study on the creation of an organization specifically dedicated to promoting investments and exports as an instrument for revitalizing the economy and growth.

The main objective of this validation workshop is to provide the various stakeholders with the conclusions and recommendations of this study as well as the new device to be considered.

Ruben Phoolchund, Head of Office for Africa CCI's Country Programs Division salutes the government's commitment to the International Trade Center, "The International Trade Center also commends the Government of the Central African Republic's commitment to reforming the environment and encourages it to pursue these reforms in order to guarantee the legal security of the investments with a view to facilitating the work of this new creative agency, "greeted the Head of the Office for Africa.

The recommendations are based on the results of the analysis of the current institutional framework for trade and investment support, as well as on the assessment of the needs for support services of Central African companies.

The proposed model for the new Agency includes a governance and management structure, an organic operating framework, a typology of investment promotion support services and exports to be developed, and the modalities for their implementation.
23/11/2018 12:05
ProfitableStocksOnly China pledges to build capacity of Central African police

http://news.abangui.com/h/66096.html?fbclid=IwAR2baxsHu8PeeeYUypTYFiS3l5_AX28TcV-LsVanOqYTgCXC8bEAifd1DSI

China pledges to build capacity of Central African police

Posted on Friday November 23rd 2018 | presidency

The President of the Republic, His Excellency Pr Faustin Archange TOUADERA received in audience in the early afternoon of November 21 a delegation of Chinese policemen, led by Mr. Zhong BING.

This team of Chinese police instructors came to the Central African Republic to train Central African police officers at the request of President Touadera to his Chinese counterpart Xi Chin Ping during his last state visit to China.

This training will contribute to the Government's policy for the rehabilitation and restructuring of the Defense and Homeland Security Forces.

Recall that during his first mission to China as head of the Central African State, President TOUADERA visited the police institute in Fujia. This visit enabled the Central African Number One and the President of this Police University to sign a contract for the capacity building of Central African police officers and elements of the Presidential Guard.

Chinese police instructors will now be assigned to Central African territory to train thousands of police officers.
23/11/2018 15:02
ProfitableStocksOnly UN Tweet Reveals Bambari-Ndassima Corridor Being Worked On. This is the final leg since Axmin's multi million ounce proven gold deposit is right beside the town of Ndassima.

Passendro gold deposit beside NDassima - http://www.axmininc.com/Corporatenbsp.php
Tweet From November 20th - https://twitter.com/IOM_CAR?lang=en
OIM République Centrafricaine


@IOM_CAR
Nov 20
More
Rendre possible l'accès humanitaire. #IOM réhabilite le bac de l'axe Bambari-Ndassima dans le cadre du programme de réduction des violences communautaires #CVR. Financement PBSO/MINUSCA. @UN_CAR @unpeacebuilding #CARcrisis @rochdi_najat @OCHA_CAR @ONUmigration @IOMROWCA @RcaUnct

Translated from French by Microsoft
Make humanitarian access possible. #IOM rehabilitates the BAC of the Bambara-Ndassima axis within the framework of the Programme for the reduction of Community violence #CVR. Funding PBSO/MINUSCA. @UN_CAR @unpeacebuilding #CARcrisis @rochdi_najat @OCHA_CAR @ONUmigration @IOMROWCA @RcaUnct
24/11/2018 12:56
ProfitableStocksOnly EU Official To Visit CAR & Russia/France Agree To Work Together

Nov.26th - EU to visit CAR and offer support on security(need to translate) - http://ndjonisango.com/diplomatie/centrafrique-visite-attendue-de-stefano-manservisi-de-la-commission-de-lue/

Nov.27th - Russia & France to cooperate on stabilizing the CAR - https://www.urdupoint.com/en/world/russia-france-agree-to-continue-cooperation-490188.html

- This is big news because the countries have been arguing with each other for months now. A team effort can speed up the stabilization process

US Group to clean up Bria - https://www.ngoaidmap.org/projects/22050

- Bria is another important town that's located east of Bambari/Ndassima. With that corridor secured, Axmin should have no issues whatsoever with rebel groups or bandits.
27/11/2018 10:45
ProfitableStocksOnly Axmin earns $310,826 (U.S.) in Q3 2018

2018-11-28 09:08 MT - News Release


Ms. Lucy Yan reports

AXMIN ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDING SEPTEMBER 30, 2018

Axmin Inc. has released its financial and operating results for the three months ended Sept. 30, 2018. All amounts included in this news release are in United States dollars

Highlights:

During the three months ended Sept. 30, 2018, the company reported royalty income of $147,488 from Gora projects, compared with $273,516 for the same time period of 2017.
The net income for the three months ended Sept. 30, 2018, was $310,826 compared with $206,789 in the same period of 2017.
Liquidity and capital resources

At Sept. 30, 2018, the company had cash on deposit in the amount of $2,250,907, accounts and other receivables of $153,047, and prepaid expenses of $2,105. Royalty income receivable of $147,487 has been received subsequent to the period ended Sept. 30, 2018.

Net assets increased to $777,226 at Sept. 30, 2018, compared with negative $1,215,536 at Dec. 31, 2017.

Outlook

The company is very pleased with the progress made to strengthen the balance sheet by settling the long-standing accounts payable. Axmin is looking forward to becoming operational again in the Central African Republic (CAR) as soon as conditions allow.

Resignation of chief financial officer

Jin Kuang has tendered her resignation and David de Jongh Weill has been appointed as the chief financial officer, effective from Nov. 15, 2018. In addition to having already served as chief financial officer of a listed public company, Mr. Weill has served as chairman of four companies listed in Toronto, London and Sydney.

Mr. Weill commented: "It is a privilege to serve Axmin as chief financial officer at this exciting time as we are making the requisite preparations to become operational again in the CAR. I believe that the duly elected government has laid a strong foundation for peace and stability in the country, and that it is now only a question of time for our company to be back on site and operational once more at the Passendro asset."

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.
28/11/2018 18:04
ProfitableStocksOnly Quarter Oz Mined By TGZ Price Of Gold Per Quarter (USD) Estimated Payment (1.5%) Actual Payment
Q3 2015 2,414 $1,104.44 $39,991.77 $0.00
Q4 2015 20,401 $1,090.19 $333,614.49 $252,721.00
Q1 2016 27,560 $1,165.76 $481,925.18 $457,259.00
Q2 2016 14,517 $1,226.34 $267,041.67 $232,045.00
Q3 2016 8,570 $1,334.77 $171,584.68 $165,794.00
Q4 2016 17,301 $1,217.09 $315,853.11 $125,282.00
Q1 2017 22,286 $1,218.57 $407,355.77 $310,684.00
Q2 2017 21,402 $1,258.65 $404,064.41 $386,655.00
Q3 2017 11,123 $1,277.64 $213,167.85 $273,516.00
Q4 2017 60,587 $1,275.84 $1,159,489.77 $614,723.00
Q1 2018 58,384 $1,329.77 $1,164,559.38 $490,551.00
Q2 2018 29,052 $1,306.97 $569,551.00 $576,643.00
Q3 2018 1,608 $1,212.58 $29,247.43 $147,488.00


Totals 295,205 $1,232.20 $4,958,648.08 $4,033,361.00

Owed To AXM From TGZ (USD)
$925,287.08
Gold Average Price Per Quarter:
https://www.denvergold.org/precious-metal-prices-charts/gold-quarterly/

AXM.V All Numbers In USD
Year Total Assets Total Liabilities Total Revenue Gain/Loss Asset/Debt Ratio Common Shares
2007 $79,216,000 $3,200,000 nil -$5,930,000 24.76 213,436,657
2008 $85,461,000 $889,999 nil -$8,619,999 96.02 235,908,368
2009 $35,989,999 $1,283,000 nil -$54,450,000 28.05 292,137,709
2010 $71,040,000 $8,627,000 nil -$6,687,000 8.23 437,281,437
2011 $46,502,000 $5,068,000 nil -$9,633,000 9.18 62,767,410
2012 $39,471,000 $3,301,000 nil -$6,409,000 11.96 63,160,312
2013 $568,000 $2,639,000 nil -$44,264,000 0.22 92,998,258
2014 $297,677 $2,598,169 nil -$20,220 0.11 110,529,109
2015 $347,504 $2,520,590 $252,271 $135,408 0.14 126,000,445
2016 $516,121 $2,952,285 $980,380 -$272,296 0.17 130,497,381
2017 $1,738,742 $2,954,278 $1,585,578 $1,141,752 0.59 130,497,381
2018(Q1-Q3) $2,406,059 $1,628,833 $1,214,682 $1,125,731 1.48 130,497,381

Notes: 1) TGZ.T has not processed all Gora Ore. Close to $1 million USD still to be paid
2) 16 other potential producing targets to be opened up in 2019
3) Asset/Debt ratio positive the first time since 2012.
4) October 10th 2018 deal for balance sheet clean up won't show until Q4 results( Apr 2019)
28/11/2018 20:26
ProfitableStocksOnly 7 New Positive Articles About The Central African Republic (Last 24 Hours)

Merck of Germany to build healthcare facilities in the CAR - https://www.biospectrumasia.com/news/30/12173/merck-foundation-underscores-partnership-with-health-ministry-of-c-a-r-.html

MINUSCA commends Rwanda police peacekeepers - https://www.newtimes.co.rw/news/minusca-commends-rwanda-police-peacekeepers

EU Gives CAR 38 Million Euros For Support (Must Translate) - http://news.abangui.com/h/66156.html?fbclid=IwAR0l4eojqQRLez8dbidskaXk-8_x12Rm0RreWXh2j4vzDGSitrpPsbS10lU

United States Offers Logistics Support To CAR - https://www.facebook.com/pg/usembassy.bangui/posts/?ref=page_internal (most recent Facebook Post today)

330 Amphibious Soldiers Complete Training For CAR (Must Translate) - http://lepotentielcentrafricain.com/?p=4874&fbclid=IwAR1UeLmm5Doy4YdhhVrLdNOxH-yT2boRajq9f6xy-JG8ntqqk4CvAbCKT-U


MLPC(1 of 14 rebel groups) announces support for government (must translate) - http://www.corbeaunews.ca/centrafrique-communique-de-presse-du-parti-mlpc-relatif-a-la-festivite-du-1er-decembre-2018/

November 29th March For Peace Process & Russian Support In CAR - http://ndjonisango.com/societe/centrafrique-une-marche-ce-jeudi-en-soutien-au-processus-de-khartoum-et-a-la-cooperation-russe/
28/11/2018 21:47
ProfitableStocksOnly The European Union promotes the return of public services and economic recovery through the opening up of the CAR regions

http://news.abangui.com/h/66222.html

The European Union promotes the return of public services and economic recovery through the opening up of the CAR regions

Posted on Monday, December 3, 2018 | EUROPEAN UNION

The project to open up Central African regions was officially launched yesterday in Bimbo in the presence of the President of the Republic, Pr. Faustin-Archange Touadéra, and the Director-General for Development and International Cooperation of the European Commission, Stefano Manservisi.

Funded by the EU via the #Bekou Fund topped by € 7 million and implemented by Expertise France, the project aims to open up the RCA through the installation of metal bridges.

"Building bridges is like building links," said DG Manservisi. "This project is a great turning point for the country: connecting the regions, connecting Bangui to the rest of the country, with a tangible improvement in the living conditions of the people who live in the country. will have easier access to markets, basic services and human exchanges between them.The common objective is to contribute to the development of the regions of the country, but also to the strengthening of its unity, of its feeling of country and nation, of its living together through mobility and the free movement of people, goods and values ​​".

For the Minister of Economy and Planning, Felix Moloua, after the approval in June 2017, concrete steps have been taken to officially launch the project to open up and facilitate the development and creation of conditions conducive to the return of refugees. refugees and displaced persons.

"A result of all the efforts of Europeans in the Central African Republic": for the Ambassador of France in the Central African Republic, Éric Gérard, the project will allow the construction of bridges to facilitate the free circulation of the waterways with a view to a better connection with the population.

A metal bridge element was handed over by DG Manservisi to the President of the Republic, symbolically marking the launch of the project which will also see in its implementation the development of the capabilities acquired by the Central African military engineers through the training provided. by the EUTM.

Launched in July 2014, the Bekou Trust Fund is funded by the European Commission, France, Germany, the Netherlands, Italy and Switzerland.
03/12/2018 12:44
ProfitableStocksOnly Central African Republic: Bouar hosts awareness caravan ahead of "grand disarmament"

http://french.xinhuanet.com/2018-12/02/c_137645880.htm

Central African Republic: Bouar hosts awareness caravan ahead of "grand disarmament"

BOUAR (Central African Republic), December 1 (Xinhua) - An awareness caravan supposed to prepare Central African armed groups to join the so-called Disarmament, Demobilization, Reintegration and Repatriation (DDRR) process in the western regions is today in Bouar (west), it was found on Saturday.

The "big disarmament" in question will be launched in the coming days in Paoua, according to the schedule given by the president Faustin-Archange Touadéra.

Taking advantage of a sports meeting in Bouar on the occasion of the festivities of 1 December marking the 60th anniversary of the proclamation of the Central African Republic, Abel Déholo, DDRR communications officer, insisted on the need to return weapons, the first step of this process.

He recalled that this disarmament was the consequence of the agreement reached on May 10, 2015 between the government and the representatives of the armed groups. In his eyes, this will have a positive impact on peace and development, the foundations of the restoration of state authority throughout the country.

Mr. Déholo also mentioned the reintegration mechanisms of ex-combatants, who could join the gendarmerie, the police, the Waters and Forests, the customs or firefighters, if they meet the criteria, or learn a trade by example in agriculture, breeding, trade, carpentry, mechanics, electricity or computing. He indicated that installation kits will be provided.

The DDRR process in Central Africa is supported by the local UN Mission (MINUSCA) and the World Bank.

Prior to the large DDRR itself, a pilot program had already been piloted, incorporating 234 young ex-combatants into the army and adding another 280 socio-economically.

The awareness caravan will cover the cities of Bossemptele, Baoro, Baboua, Zoukombo, Beloko, Niem Yelewa, Koui, Bocaranga and Bozoum. A similar campaign had traveled from November 3 to 10, many localities of the sub-prefecture of Paoua.

End
03/12/2018 14:09
ProfitableStocksOnly Launch Of New Mining Support Project In Central African Republic

http://news.abangui.com/h/66249.html

Central African Republic: Minister MBOLI FATRAN on the occasion of the official launch ceremony of the Property Rights and Mining Crafts Project (DPAM)

Posted on Wednesday, December 5, 2018 | Central African lepotential

On November 28th, 2018, in Bangui, the official launching ceremony of the Project of Property and Mining Crafts (DPAM) in the presence of two members of the Government namely, Ministers Mboli-Fatran in charge of Mines and Geology and Virginie Mbaïkoua of Humanitarian Action and National Reconciliation as well as the Chargé d'Affaires ai of the United States Embassy in Central Africa, whose country is the key partner of the project.

In his speech of convenience, the Minister Mboli-Fatran was at first pleased with the mark of friendship between the Central African Government and the United States through the financing by this partner of the Project "Right of Property and Mining Crafts" of which the amount is US $ 9, 800,000, or about CFAF 6 billion.

According to the Central African Minister in charge of Mines and Geology, this project aims to strengthen the process of peaceful coexistence between all Central Africans of different social strata in mining areas in line with the Kimberley Process and national and international mining stakeholders.

"This project will also improve mining governance and increase access to land while placing a special emphasis on the gender dimension," said Minister Mboli-Fatran who took the opportunity to present on behalf of the people of the Central African Republic, his gratitude to the Government for all the support it has been providing in the framework of bilateral cooperation for more than 60 years.

Continuing his remarks, the member of the Government specified that: "It is since 2007 that the CAR and the United States maintain relations of bilateral cooperation in the matter of good governance and sustainable management of the artisanal mining sector through the Project Rights of Property and Development of the Artisanal Diamond1 (DPDDA1) ".

According to Minister Mboli-Fatran in 2015, the second phase of the DPDD2 project has complemented and reinforced Phase 1 and has led to a significant number of activities including: the digitization of historical diamond marketing data for the period of 2006 to 2015; the georeferencing of the work sites of the artisanal miners in the conformal zones; the setting up of small emission units for artisan cards and mining workers in the Regional Directorates and the Prefectural Mining Services; improved management of production and marketing databases for compliant areas; the rebuilding and updating of the database of artisanal miners (DPDDA zone); updating the mining cadastre of conforming zones in order to clarify their impact on the dynamics of the current artisanal mining; and other activities related to the Center for Management of Geo-Scientific Information and Mining Statistics or the Mining Cadastre at the request of the General Directorate of Mines; Collaborative work with the National Monitoring Committee of the Kimberley Process for the recovery of rough diamond exports in the Central African Republic, which has made 5 diamond sub-prefectures compliant and proposed 9 others.

The Government member did not fail to address a number of challenges that remain to be addressed, among others, the re-establishment of compliance of the Kimberly Process in all gross diamond producing areas of the country; strengthening of subregional cooperation to fight against fraud and smuggling of diamonds and gold; the modernization of the mining cadastre; improving the living conditions of mining communities through the development of a mining economy; compliance with environmental standards; Strengthening dialogues among all mining communities to strengthen national unity and peaceful coexistence

Before closing his speech, Minister Mboli-Fatran declared that the Central African Government hopes that the implementation of the Project "Property Rights and Mining Crafts (DPAM)" will really benefit the people of the Central African Republic and that the Annual Work Plan will be respected in the interest of the Central African mining sector.
05/12/2018 11:14
ProfitableStocksOnly Best Junior Gold Stocks of 2018 on the TSXV

https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/junior-gold-stocks-list-the-tsxvs-top-performers/?mqsc=E4010925

Best Junior Gold Stocks of 2018 on the TSXV
Olivia Da Silva - December 4th, 2018

While gold has had its share of ups and downs in 2018, some companies have achieved strong results despite the precious metal’s fluctuating price point.

With the year nearly over and done, the Investing News Network has rounded up the best gold stocks on the TSXV by share price performance so far this year. All have received high levels of investor interest in 2018, with the biggest gainer being up more than 700 percent year-to-date.

All year-to-date and share price information was obtained on December 4, 2018 from TradingView. All companies listed had market caps above $10 million at that time.

1. AXMIN (TSXV:AXM)
Year-to-date growth: 733.33 percent, current share price: C$0.25

Based in Canada, AXMIN is a gold exploration company with assets in the Central African Republic (CAR), along with a royalty agreement in Senegal for Teranga Gold’s (TSX:TGZ) Gora deposit. The company’s main priority is developing its Passendro gold project in the CAR, which has been a touch-and-go process due to security issues in the country.

While much of AXMIN’s 2018 news centers on financial results, in June the company shared an exploration permit update on the area it shares an interest in with Teranga. A few months later, in October, the company settled a drawn-out accounts payable issue with a consultant that had helped it secure its ownership of licenses in the CAR.

AXMIN has reported little other news this year. It’s worth noting that the company released a statement in August saying it was unaware of why it was experiencing an increase in market activity.

2. Westhaven Ventures (TSXV:WHN)
Year-to-date growth: 684 percent, current share price: C$0.98

Westhaven Ventures refers to itself as a company that focuses on identifying, acquiring and advancing early stage projects with big potential. The company’s main interest lies in its four properties located in BC’s Spences Bridge Gold Belt; cumulatively they span over 35,000 hectares.

While the company’s share price remained at a simmer for much of 2018, things started to pick up in October when Westhaven released several positive announcements over just a few weeks. Between three sets of drill results from its Shovelnose property in October to receiving over $850,000 from a warrant exercise, the company surged as the news continued to roll in.

Westhaven’s share price peaked on November 9 at C$1.30, the same day the company announced it had begun high-resolution airborne geophysics at its Skoonka and Skoonka North gold properties.

3. Great Bear Resources (TSXV:GBR)
Year-to-date growth: 583.54 percent, current share price: C$2.70

Great Bear Resources is an exploration company with a focus on advancing precious metals projects in Red Lake, Ontario. Great Bear has two main projects, Dixie and West Madsen, which together cover 13,000 hectares of prospective greenstone belts.

Great Bear got a boost in August after a high-grade gold discovery was made at the Hinge zone of its Dixie project. Shortly after the discovery was announced, McEwen Mining (TSX:MUX,NYSE:MUX) and its chief owner, Rob McEwen, invested a combined C$6 million in Great Bear.

The company rode the wave of excitement through September and hit its peak at C$3.39 on October 18, shortly after the discovery of “key ultramafic geology” during a mapping program at Dixie Lake.

4. Sokoman Iron (TSXV:SIC)
Year-to-date growth: 240 percent, current share price: C$0.18

Another Canadian company, this time based in Newfoundland and Labrador, Sokoman Iron is an explorer with a focus on “world-class” mineral deposits in its home province. Sokoman has several assets under its belt, but is primarily focused on its Central Newfoundland gold project, which consists of its East Alder, Crippleback Lake and Princess Lake properties, spanning 5,500 hectares in total.

The junior miner caught the eye of investors back in late July, when it announced it would be completing a $3-million private placement that had billionaire investor Eric Sprott leading the pack. Its share price made leaps and bounds in the days following the announcement, peaking on August 3 at C$0.44.

5. Rusoro Mining (TSXV:RML)
Year-to-date growth: 128.57 percent, current share price: C$0.16

With a goal of becoming a mid-tier, low-cost gold producer, Rusoro Mining has a large land position in the mining region of Venezuela’s Bolivar state. The company has two mines in production — its Isidora mine and Choco 10 mine and mill — along with 10 exploration projects that range from early stage to advanced/development stage.

Rusoro had a fairly quiet year in terms of project news, but gained traction in October. The hype surrounding the company came when Rusoro agreed to a settlement
05/12/2018 12:51
ProfitableStocksOnly Central African Republic formally joins Afreximbank

https://sunnewsonline.com/central-african-republic-formally-joins-afreximbank/

5th December 2018 in Business, World News

Uche Usim, Abuja

The number of African Export-Import Bank (Afreximbank) member countries swelled to 50 on Wednesday, with the Central African Republic (CAR) formalising her membership by depositing the instrument of the country’s ratification of the Bank Establishment Agreement in Cairo, Egypt.



Speaking during a ceremony at the bank’s headquarters, Claude Rameaux Bireau, Minister of State and Economic Adviser to the president, who led a five-member delegation, said that the Central African Republic had very high expectations from Afreximbank and looked forward to strengthened cooperation with the institution.



Bireau said that CAR would move quickly to take up shareholding in the bank and announced that the government was already working with the African Development Bank to support in that regard.



He added that the country would participate in the Intra-African Trade Fair, which was being organised by Afreximbank in collaboration with the African Union. The trade fair will take place in Cairo from December 11- 17.



Earlier, Prof. Benedict Oramah, President of Afreximbank stated, disclosed that the bank was created to support African countries in both good times and bad times and that the ratification of the Agreement by the Central African Republic would make it possible for it to effectively do business in the country.



“The ratification grants us the special privileges and immunities that make it possible for us to take the risks that other commercial banks cannot,” Prof. Oramah explained.



He announced that the Afreximbank had been reviewing six projects, which the country had identified as priorities in order to see how to support them, saying that CAR, with her rich resources, could be an investors’ paradise if well marketed.



CAR had initiated the process of joining the bank on 28 November 2017, when it presented an instrument of accession to the Bank Agreement to Prof. Oramah when he met with President Faustin-Archange Touadéra in Bangui.



Under the terms of the Agreement for the Establishment of the Bank, which was signed by the participating states in Abidjan on May 8, 1993, countries that did not sign on before it entered into force are required to first issue an instrument of acceptance and accession and then proceed to formally ratify the agreement in order to fully activate their membership of the bank.



Membership of the bank gives the CAR automatic access to the full range of products and facilities offered by Afreximbank, including trade finance facilities, project finance services, trade information and advisory services, support in the development of a local content policy and assistance in developing and implementing industrial parks and special economic zones.



There are 50 countries currently on the list of Afreximbank participating and shareholding states, including Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde and Chad. Others are CAR, Comoros, Côte d’Ivoire, Democratic Republic of Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, and Lesotho.



Countries like Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of Congo, Rwanda, Senegal, Seychelles, Sierra Leone, Sao Tome and Principe, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe are part of the bank.



Afreximbank shareholders are a mix of public and private entities divided into four classes and consist of African governments, central banks, regional and sub-regional institutions, private investors and financial institutions, as well as non-African financial institutions, export credit agencies and private investors.



Also on the delegation were Clement Bilege, Ambassador of Central African Republic to Egypt; Jean Jules Jos, Former Minister of State in charge of Programmes at the Presidency and Batolo Mathiu and Amadou Issa of the Embassy of Central African Republic in Cairo.



Participating in the ceremony from Afreximbank were Dr. George Elombi, Executive Vice President, Governance Legal and Corporate Services; Amr Kamel, Executive Vice President, Business Development and Corporate Banking; Rene Awambeng, Global Head, Client Relations; Obi Emekekwue, Global Head, Communications and Events Management; Gerald Chihota, Head of Board Secretariat and Jacqueline Clarisse Motsebo of the Board Secretariat.
05/12/2018 22:37
ProfitableStocksOnly African Union Says Ready To Organize CAR Peace Talks, Host City To Be Chosen- Commissioner
https://www.urdupoint.com/en/world/african-union-says-ready-to-organize-car-peac-499883.html

African Union Says Ready To Organize CAR Peace Talks, Host City To Be Chosen- Commissioner
Fakhir Rizvi 3 hours ago Fri 07th December 2018 | 05:29 PM

African Union Says Ready to Organize CAR Peace Talks, Host City to Be Chosen- Commissioner
The African Union is prepared to organize formal peace negotiations between the government of the Central African Republic (CAR) and the militia groups as soon as it decides on the conference venue, the Union's Commissioner for Peace and Security, Ambassador Smail Chergui, told Sputnik.
MOSCOW (UrduPoint News / Sputnik - 07th December, 2018) The African Union is prepared to organize formal peace negotiations between the government of the Central African Republic (CAR) and the militia groups as soon as it decides on the conference venue, the Union's Commissioner for Peace and Security, Ambassador Smail Chergui, told Sputnik.

The African Union has been leading mediation efforts in the conflict between the government in Bangui and various rebel groups operating in the CAR. In August, rebel groups presented a list of nearly 100 demands that need to be satisfied before a peace agreement can be signed.

"I think more or less we are almost ready, I think it is now to see where we are going to convene the dialogue. Is it in Bangui, in Addis Ababa or elsewhere? I think that's where we are.

We want to make sure that we speak the same language with everybody," Chergui said, expressing hope that the conference will be convened "as soon as possible."

The conference will provide the sides with an opportunity to fine-tune their positions, conclude discussions and then "hopefully sign the [peace] agreement."

The CAR has been struggling to overcome internal conflicts for years now, with around 615,000 people displaced in the country due to the crisis, according to the United Nations.

On August 27-28, the major warring parties participated in Russia-brokered peace talks in the Sudanese capital. The meeting resulted in the signing of the Khartoum Declaration, which provided for the creation of an opposition union, which could pave the way for a long-lasting peace in the country.
07/12/2018 11:34
ProfitableStocksOnly New India/CAR Drilling Company In The Central African Republic

http://www.lanouvellecentrafrique.info/2018/12/06/depeche-bangui-lancement-des-operations-de-inde-afrique-investment/

The SARL "India Africa Investment" started yesterday its activities in the country.



This drilling specialist company plans to drill 10 boreholes a day in the 16 prefectures of Central Africa.



SC - BANGUI - LNC



https://twitter.com/nouveaucentraf?lang=en&lang=en



Nouveau Centrafrique @NouveauCentraf
Dec 6
DÉPÊCHE/Bangui : Lancement des opérations de "Inde Afrique Investment" #Centrafrique #CARcrisis http://wp.me/p39iaI-3FY
07/12/2018 19:56
ProfitableStocksOnly CAR Articles & New Job Offerings In CAR

African Union Commissioner Praises Russia's Defense Aid To CAR For Promoting Stability - https://www.urdupoint.com/en/world/african-union-commissioner-praises-russias-d-499889.html

The Central African Republic will be a shareholder of Afreximbank - https://africandailyvoice.com/en/2018/12/08/the-central-african-republic-will-be-a-shareholder-of-afreximbank/

The next set of links have just shown up over the last few days. These are actual job postings and companies offering to do business in the Central African Republic. It shows that things are progressing if international companies are hiring and offering services in this part of the world:

A1 Auto Transport - US fright company offering services to CAR - https://www.a1autotransport.com/moving-to-central-african-republic/

nac Sales Representatives for Central African Republic - https://www.nacinc.com/contact/sales-representatives/regional-reps.php?region=CF

Clinical Operations Lead SSA - https://www.roche.com/careers/jobs/jobsearch/job.htm?id=E-201812-129803&locale=en&title=Clinical+Operations+Lead+SSA

DHL · Logistics and distribution CENTRAL AFRICAN REPUBLIC - https://www.bebee.com/job/compliance-manager-africa-middle-east-24831971
08/12/2018 13:37
ProfitableStocksOnly Looks like China is working with Russia to secure the Central African Republic:

Central African Republic: 20 elements of the Republican Protection Special Guard trained by Chinese instructors

http://news.abangui.com/h/66290.html?fbclid=IwAR2B7zqNPaQCPU-bGT-Bi3JvRwH4vaPUL-1J_SZne8kebrXDsQgSOjvE2Hs

Posted on Saturday, December 8, 2018 | ADV
Bangui - Chinese instructors are following the footsteps of EUTM-RCA forces and Russian instructors for the restructuring of the defense and security forces. The 20 elements of the presidential guard have completed their training on December 3, 2018.

While Russia deals with the Central African Armed Forces, China is focusing on the upgrading of the internal security forces, including the police, gendarmerie through the presidential guard.

The head of the team of Chinese instructors, Mr. ZHANG recalled that their visit to Central African soil follows President TOUADERA's request to his Chinese counterpart Xi Jin Ping during the Sino-Africa forum. "The formation of these 20 elements marks the beginning of a good cooperation for the future," he says.

"This work gave a vision and a format to these trainees. This training is just the beginning of the many actions that have been discussed and that must be carried out in the days to come, "said Central African President Faustin Archange Touadera.

The actions that will be carried out in favor of the restructuring of the Defense and Security Forces will be implemented by 2019. As the government launches the restructuring of the FACA, the police and the gendarmerie will also be in line of this reform after several decades of dysfunction and crisis in the country.
08/12/2018 14:31
ProfitableStocksOnly French Minister of Armies in the Central African Republic for two days

https://www.lemonde.fr/afrique/article/2018/12/10/la-ministre-francaise-des-armees-en-centrafrique-pour-deux-jours_5395144_3212.html

Florence Parly will reaffirm the support of France in Bangui, including delivering military equipment.

Le Monde with AFP Posted today at 10h13

The French Minister of Armies Florence Parly will reaffirm Monday, December 10 and Tuesday, December 11 in Bangui the support of France to the Central African Republic , where Russia is increasingly present, and deliver military equipment. "The purpose of the visit is to reaffirm the support of France to this country, which is a long-time partner , " says one in the cabinet of the minister. Florence Parly will meet President Faustin-Archange Touadéra, his counterpart Marie-Noëlle Koyara and the UN envoy for the Central African Republic (CAR), Parfait Onanga-Anyanga. It will give on this occasion 1,400 assault rifles promised by France as well as amphibious equipment to the Central African Armed Forces (FACA).

France obtained for this a exemption from the UN to the embargo on arms deliveries to the Central African Republic, just like the Russians a few months earlier. The minister will also reaffirm France's commitment to the African Union's peace initiative in that country, while Russia has tried to launch a parallel process. "All the other initiatives that are opportunistic and often interested initiatives do not seem to me to contribute to a positive resolution of the security situation in this country," she said in November at the Dakar Forum on Peace and Security in Africa.

Russia has invested all over the place in this former French colony, particularly in the formation of the army and diplomacy with armed groups. Companies run by Russians are also interested in its mineral wealth. France intervened militarily in the CAR between 2013 and 2016 to stop the violence of the rebel coalition Séléka (predominantly Muslim) and retaliation of anti-balaka militias claiming to defend Christians.

Two years later, almost all of the world's 4.5 million poorest people remain under the control of armed groups fighting to capture mineral resources such as gold and diamonds. strengthen their local influence. "The end of Operation Sangaris did not mark the end of our support at all. It has taken another form, " says Ms. Parly's office, pointing to FACA training and military support for the UN force there (Minusca) if needed.

In May, French fighters overflew Kaga Bandoro, 300 km north of Bangui, in support of the UN mission in Minusca after renewed intercommunal violence. "We are ready to help in an emergency as this episode has shown," said one in the entourage of the minister.

On 3 November, French Foreign Minister Jean-Yves Le Drian also signed aid agreements worth € 24 million in Bangui to help pay back wages and pensions, develop nearby territories of Cameroon affected by large population displacements and to install bridges to open up several regions.
10/12/2018 13:37
ProfitableStocksOnly France Ships 1400 rifles to CAR, Mentions no obstacle on Embargo removal

https://www.news24.com/Africa/News/france-ships-1-400-assault-rifles-to-car-army-20181211

France ships 1 400 assault rifles to CAR army

2018-12-11 16:59

France on Tuesday handed over 1 400 AK-47 assault rifles and three amphibious vehicles to the Central African Republic to shore up its beleaguered armed forces.

French Defence Minister Florence Parly oversaw the handover at a ceremony at M'Polo military base in the capital Bangui.

The military aid was announced in Paris in November, along with $27.4 million in civilian assistance.

One of the world's poorest nations, the CAR has struggled to recover from a 2013 civil war that erupted when President Francois Bozize, a Christian, was overthrown by mainly Muslim Seleka rebels.

In response, Christians, who account for about 80% of the population, organised vigilante units dubbed "anti-Balaka" in reference to the balaka machetes used by Seleka rebels.

Thousands of people have died in the violence, 700 000 have been internally displaced and another 570 000 have fled abroad.

With the armed forces hampered by poor training and lack of equipment, the UN-backed central government controls only a fraction of the country's territory.

In 2013, the UN Security Council imposed an arms embargo and it remains in place today.

Exemptions are made for weapons shipments for the security forces that gain pre-approval from a UN sanctions committee.

The panel is tasked with ensuring that imported weapons do not end up in the hands of the militias in the corruption-prone country.

The panel gave the green light last year for Russia to supply 1 700 AK-47s to the national forces in January, and gave its approval again to the French shipments.

But in June, France, Britain, and the United States blocked a request from the CAR for approval of Chinese weapons deliveries.

"From France's point of view, there is in principle no obstacle to ending the embargo" permanently, Parly said on Tuesday.

She stressed: "What is important is that these weapons, after they are delivered to the Central African armed forces, can be identified, stored and traced."

The CAR has an army of just 7 000 men in a population of 4.5 million. They are facing militia groups estimated to be at least similar in numbers.

Russia has sent 170 military instructors - suspected by western sources to be mercenaries linked to Russian mining companies in the mineral-rich CAR.

France, the former colonial power, sent 2 000 troops to quell the Seleka rebels, winding down the operation in 2016 after President Faustin-Archange Touadera was elected.

It has around 200 troops in the CAR today, working in support of the armed forces and the UN peacekeeping mission here.

Parly said that France was the CAR's "major partner for development aid", providing $147 million annually.

The 1 400 guns handed over by France are a gift, French officials said.

They were seized aboard a dhow off Somalia in 2016 that was intercepted for breaching an arms embargo with Yemen, they said.

The European Union has a military training mission in the CAR that involves 170 people. In July, it pledged $28 million to extend the mission until September 2020.
11/12/2018 12:20
ProfitableStocksOnly HTTPS://MINUSCA.UNMISSIONS.ORG/SOUTIEN-R%C3%A9AFFIRM%C3%A9-%C3%A0-L%E2%80%99INITIATIVE-AFRICAINE-POUR-LA-PAIX-ET-LA-R%C3%A9CONCILIATION-EN-RCA

Dec 12,2018
SUPPORT REAFFIRMED TO THE AFRICAN INITIATIVE FOR PEACE AND RECONCILIATION IN CAR

The Central African Government and MINUSCA reiterated on Wednesday their support for the dialogue process under the African Union Initiative for Peace and Reconciliation in the Central African Republic. The spokespersons of the Executive, the Minister of Communication and Media Angel Maxime Kazagui, and MINUSCA, Vladimir Monteiro, were speaking in Bangui, during the two-monthly joint press conference of the two institutions.

"The Government is engaged in this process of dialogue. This is a process put in place at the request of the President of the Republic, "said the minister and spokesman, adding that the Government was going this Wednesday to the National Assembly for a session on the African Initiative. For his part, the MINUSCA spokesperson reiterated the importance of the dialogue process, under this initiative, to "support the authorities to reduce the presence and threat of armed groups".

During the joint press conference, the minister and spokesman announced the launch of the large DDRR (Disarmament, Demobilization, Reintegration, Repatriation) by President Faustin Touadéra, on December 17, in Paoua with the armed groups of the West of the country. For MINUSCA, this is a great moment that "will have to reach other regions" in accordance with the commitments made by all the armed groups in 2015 in Bangui.

The Government spokesman also spoke about the deployment of the Central African Armed Forces (FACA), including Bocaranga, highlighting their "contribution to security where they are deployed, alongside peacekeepers." "In 2018, we witnessed the strengthening of the partnership, in the field, between MINUSCA and the FACA, following their deployment in Paoua, Bangassou, Sibut, Bambari and Bouar", for its part, said the spokesperson of MINUSCA. "The international community as a whole supports the FACA, including training by the European Union, the granting of weapons by Russia, vehicles by the United States of America, support equipment by the United States of America. France and non-lethal weapons by China. With regard to MINUSCA, this support will continue in particular in the context of the recruitment process of the 1.

The MINUSCA spokesperson also announced the UN Security Council's upcoming renewal of the Mission's mandate, noting that the new mandate will be aimed at strengthening the gains, especially in the area of ​​the restoration of authority. of the State throughout the territory. "The Mission will continue its close collaboration with the Central African authorities and other Central African actors, but also with the population, in Bangui as well as in the prefectures, to explain this new mandate and to implement it," he concluded.
12/12/2018 12:29
ProfitableStocksOnly Vladimir Putin To Visit The Central African Republic

http://news.abangui.com/h/66337.html

Central African Republic: Russian President Vladimir Putin is planning an official visit to Bangui in very soon!

Posted on Thursday December 13th 2018 | The Central African Potential

Russian President Vladimir Putin will visit the capital of CAR, Bangui, with an official visit to strengthen relations between the two countries. As Kremlin sources have shared, the Russian leader plans to discuss during his visit the security problems of the CAR and the development issues of the country.

It is nice that our Russian partners are seeing the progress of mutually beneficial relations between CAR and Russia. Moscow understands that the dialogue with our country should not be based on the position of force, they do not try to impose their point of view, they know that African problems require an African solution. Russia is close to us in spirit. Russia has never subjugated anyone, for centuries it has defended its territories from foreign incursions. Our Russian friends know that it is the struggle for independence. Even today, when many defense documents are in force, Russia is oppressed by economic sanctions.

The visit of Russian President Vladimir Putin means that Russia is ready for dialogue at the highest level. The talks of the Russian leader with Faustin-Archange Touadéra will be a mark in the modern history of our country. It is not excluded that the Presidents will enter into mutual agreements with each other.

We would like to remind you that Russian Minister of Foreign Affairs Sergei Lavrov held talks with RCA President Faustin-Archange Touadera earlier. The Russian Minister and the CAR leader had an "on the spot" meeting of the 73rd session of the UN General Assembly New York. The parties discussed issues of humanitarian partnership, trade and economic interaction, and up-to-date political relations issues.

Sergei Lavrov and Faustin-Archange Touadéra discussed the prospects for the national regulation process in CAR. During the meeting, it was agreed that it is very important to harmonize the international efforts aimed at stabilizing the situation in the Central African Republic within the framework of the African Union Peace Initiative.

It is important to note that the friendly country, Russia, has already made a great contribution to the process of peaceful settlement in CAR. With the help of Russian diplomats members of the "Antibalaka" and Ex-Seleka groups sat down at the negotiating table with representatives of the Central African Republic authorities and signed the Khartoum Declaration. It is noted in the document that all parties to the dialogue are interested in establishing peace and stabilizing the situation in CAR throughout the country.
13/12/2018 09:41
ProfitableStocksOnly https://www.washingtonpost.com/world/europe/un-extends-central-african-republic-peacekeeping-mission/2018/12/13/9ba76186-ff22-11e8-a17e-162b712e8fc2_story.html?noredirect=on&utm_term=.0a588c2333ce


UN extends Central African Republic peacekeeping mission


By Associated Press
December 13 at 5:01 PM
UNITED NATIONS — The U.N. Security Council has approved a resolution extending the mandate of the 14,600-strong U.N. peacekeeping mission in conflict-wracked Central African Republic.

The French-drafted resolution adopted Thursday urges all militias and armed groups in the country “to lay down their arms, cease all forms of violence and destabilizing activities.”

It calls on President Faustin-Archange Touadera to advance talks with armed groups and national reconciliation “without delay.”

Russia and China abstained from voting.

Russian Ambassador Vassily Nebenzia said Moscow supports the peacekeeping force but he sharply criticized France for not including Russian concerns in the resolution. Russia wanted the U.N. force to support its training of Central African Republic troops.

The country has faced interreligious and intercommunal fighting since 2013, and violence has intensified and spread in the past year.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
13/12/2018 17:55
ProfitableStocksOnly https://africandailyvoice.com/2018/12/14/deputes-approuvent-ratification-accord-cooperation-militaire-entre-centrafrique-russie/

MEPs approve ratification of military cooperation agreement between Central African Republic and Russia
2018-12-14 Central African Republic , POLITICS
Bangui, Central African Republic (ADV) - The elected officials of the nation voted yesterday by acclamation the bill to ratify the defense agreement between the Central African Republic and Russia, a new partner in the security environment in the Central African Republic.



"The Russian military is currently with our military in some provincial towns. And this Defense Agreement will further strengthen our military cooperation, "said Marie Noëlle Koyara, Central African Minister of Defense.



This vote of the people's elected representatives comes in a context where the Russian presence in the Central African Republic was not at all appreciated by some Western powers who consider the Russian instructors here as mercenaries. The vote of the deputies of the national assembly formalizes this military cooperation.



This military cooperation agreement with Russia completes the list of other agreements with countries and partners such as France, China, the European Union and the United States in several areas of common interest.



"We are delighted to see the members of this House vote in favor of this Defense Agreement that will allow our military and our homeland security forces to protect us and to have a different dimension and to respond to the challenges that lie ahead. impose on us, "said the Minister Delegate of Foreign Affairs, Chancel Sékodé Ndeugbayi.



According to ADV information, this agreement will also allow Russia to support the Central African armed forces in the field of intelligence and provides for the training of Central African military in Russian military academies and military assistance between the two countries in case of foreign aggression . Russia could increase the number of its troops in the country as well as its material and military equipment.



This parliamentary exercise comes after the signing of a memorandum of understanding on August 21, 2018, between the Central African Republic and Russia, on the sidelines of the Armaments Forum in Russia.



© Bur-csa - From our regional correspondent Fridolin Ngoulou - African Daily Voice (ADV) - Find us on Twitter: @ADVinfo_en
15/12/2018 12:07
ProfitableStocksOnly Russian Efforts Toward CAR Crisis Settlement In Line With African Union Policy - Moscow

https://www.urdupoint.com/en/world/russian-efforts-toward-car-crisis-settlement-509368.html


Fakhir Rizvi 4 hours ago Tue 18th December 2018 | 04:52 PM

MOSCOW (UrduPoint News / Sputnik - 18th December, 2018) Russian efforts toward resolving the crisis in the Central African Republic (CAR) are in line with the African Union's policies, and the West's attempts to prove otherwise are groundless, Andrei Kemarsky, the director of the RussianForeign Ministry's Department of Africa, told Sputnik.

"I'd like to emphasize that Russian and Sudanese efforts that contributed to the signing of the Khartoum Declaration do not in any way contravene the African Union's steps. Moreover, the declaration stresses that the measures that it envisages are directly linked to the African peace initiative. Our Western partners' attempts to contrast Russian efforts with the African Union policy are absolutely groundless," Kemarsky said.

The senior diplomat specified that Russia considered the African Initiative for Peace and Reconciliation in CAR, which the African Union approved in January 2017, as the basis of the peace process.

He added that it was within this initiative that Russia-brokered peace talks between the major warring parties were held in the Sudanese capital of Khartoum, which resulted in the signing of the Khartoum Declaration. Kemarsky also called on the country's authorities to launch a national reconciliation process that is mediated by Russia, the European Union, and regional and international organizations.

On August 28, the same day when the two-day talks finished, a meeting within the African Initiative for Peace and Reconciliation in CAR started, during which representatives of 14 armed groups made an effort toward creating a common platform for talks with the government.

Kemarsky voiced his belief that western states, including France, were jealous of Russia's increasing role in the CAR settlement process.

"Although terror acts continue, as well as confrontations between armed groups and governmentforces, the process is generally becoming more and more positive. Russia's contribution is quite substantial, while western states' involvement has clearly become less efficient," the diplomat said, specifying that France failed to achieve positive changes in spite of being historically present in CARdue to its colonial past.

He said that Russia's engagement in the settlement process had yielded progress, and that the country's role was becoming more dominant even though it had been present in CAR for only just a year.

"This causes concern and jealousy of the countries that were traditionally influential in CAR and regarded the state as their patrimony," Kemarsky specified.

The diplomat added that since the West was concerned over Russia's strengthening position, they were spreading misinformation, pursuing slanderous campaigns, introducing sanctions and also trying to hamper Russian business.

CAR has been struggling to stop the conflict between the mainly Muslim armed group Seleka, Christian Anti-balaka militia and government forces since 2012.
18/12/2018 11:26
ProfitableStocksOnly IMF Executive Board Completes Fifth Review Under Extended Credit Facility Arrangement for Central African Republic and Approves US$31.6 Million Disbursement

https://www.imf.org/en/News/Articles/2018/12/21/pr18487-central-african-republic-imf-exec-board-comp-5th-rev-ext-cr-fac-arr-and-approves-disburse

December 21, 2018

IMF Executive Board also concludes the 2018 Article IV consultation.
The Central African Republic authorities implement a comprehensive economic reform program to entrench macroeconomic stability, buttress inclusive growth, and reduce poverty.
Growth is estimated at 4.3 percent in 2017 and is expected to remain broadly unchanged.
On December 19, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fifth review under the Extended Credit Facility (ECF)arrangement for the Central African Republic. Completion of this review enables the disbursement of SDR 22.84 million (about US$31.6 million).

The three-year ECF arrangement was approved by the IMF Executive Board on July 20, 2016 and access has been augmented twice to a total of SDR 133.68 million (about US$185.2 million or 120 percent of the Central African Republic’s quota).

Following the Executive Board’s discussion on the Central African Republic, Mr. Mitsuhiro Furusawa, Deputy Managing Director and Acting Chair, made the following statement:

“Central African Republic’s performance under the ECF‑supported program has been satisfactory despite a challenging security environment and difficult humanitarian conditions.

“The authorities remain committed to maintain fiscal policy consistent with macroeconomic stability, which is critical for economic growth and poverty reduction. The 2019 budget is anchored to the domestic primary balance objective while allowing a scale-up of social and capital spending. The integration in the budget of previously excluded revenues and expenses of government agencies and funds is an important step to enhance fiscal transparency.

“Strong efforts to mobilize domestic revenues, which remain weak, will be critical to sustainably finance an increase of public services. To that end, the authorities will step up the use of IT tools and modernize the customs and revenue administration. 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, create jobs, and reduce poverty.

“Structural reforms have progressed, contributing to the strengthening of the treasury single account, streamlining of quasi-fiscal taxes, 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 strengthening financial oversight of public institutions and state-owned enterprises, reducing exceptional payment procedures, improving the business climate, and strengthening the asset declaration regime. It will also be important to follow through on commitments to strengthen governance and transparency in the management of natural resources.

“Central African Republic’s program continues to be supported by the implementation of supportive 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.”

The Executive Board of the IMF also concluded the 2018 Article IV consultation with the Central African Republic.

Growth is estimated at 4.3 percent in 2017 and is expected to remain broadly unchanged driven by a dynamic forestry sector, construction and externally financed investment projects. Inflation fell on the back of price declines for food and manufacturing products. Growth could increase to 5 percent in the medium term. However, risks are on the downside, mainly due to the volatile security situation. The projections are predicated on progress in peace and reconciliation efforts under the African Union Initiative, the gradual extension of security forces and public services in provinces, and steadfast implementation of reforms.

In July 2018, the Parliament passed a revised budget to reflect the fiscal performance in the first half of the year. Data through end-September confirms that the fiscal deficit remains contained and that the fiscal program is on track. The current account deficit is estimated at 8.3 percent of GDP in 2017. Currently available information suggests it will remain at a similar level in 2018. While the oil import bill is set to increase, higher timber exports and the sale of stockpiled diamonds will offset the effect on the trade balance. The banking sector remained stable and credit growth to the economy has picked up to 5.2 percent (y-o-y) at end-September 2018.

T
21/12/2018 16:37
ProfitableStocksOnly https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/axmin-finances-geopolitical-turnaround-drove-gains/

AXMIN CFO Says Finances, Turnaround in CAR Drove 2018 Gains
Olivia Da Silva - December 24th, 2018

Despite staying quiet on the news front in 2018, AXMIN (TSXV:AXM) had a wildly successful yearwith regard to its share price, which is currently up nearly 700 percent year-to-date.

In a conversation with the Investing News Network (INN), AXMIN CFO David Weill shared insight on the spike, which he says was driven by three main factors, including a royalty stream in Senegal with miner Teranga Gold (TSX:TGZ) for the Gora deposit.

“If you just look at our accounts, we’re cashflow profitable [and] accounting profitable, just on the royalty stream that we have now from Teranga on one site, which is the Gora site, and we have 17 more potential sites to be developed with Teranga,” Weill said. “The second factor is definitely the Central African Republic (CAR) geopolitical situation turning the corner.”

The company, whose Passendro gold project is located in the CAR, has faced hiccups over the last year due to a turbulent time in the the country with relation to local security issues. However, according to Weill, things have started to simmer down in the country through avenues like military reforms and support from countries like France and Russia.

As for the third factor pushing AXMIN ahead, Weill pointed to the company cleaning up its balance sheet and being in a “very strong financial situation.” This stems in part from the company’s royalty agreement with Teranga, mentioned above, which still stands to expand.

“We had numerous properties in Senegal that we basically farmed out to Teranga where we would do a joint development and, since we’re focusing really on the CAR property, we opted to go for a NSR — net smelter return royalty — so we simply take 1.5 percent off the top,” Weill said.

“The first property that came into production was the Gora deposit, which was a huge winner, but we have 17 more. We don’t know what Teranga is planning to do with the additional properties. They do look highly prospective to us, but the fundamental decision now as to exploration and then eventual production lies with Teranga,” he explained.

As mentioned, despite its major share price gain AXMIN put out minimal press releases throughout the year. In fact, the company released a statement in August explaining it was unsure of any specific reason for increased market activity.

However, at the time, AXMIN had been working to settle a drawn-out accounts payable issue with a consultant that helped secure its ownership of licenses in the CAR. Weill told INN that the statement was a standard way of informing the TSX that nothing with the dispute had been officially resolved yet, but also said he feels the growth in activity came from the market re-evaluating the CAR’s profitability.

“We were in the process of getting TSX approval for eliminating the accounts payable, which we did by issuing shares of about three times the market price, and also paying a certain amount of cash,” he said. “But that transaction was not complete, and the market had no knowledge of it. What the market was doing, in my opinion, was reassessing the prospects of the CAR as a country.”

With the CAR’s geopolitical situation now on the rise and AXMIN’s check book being a clean slate, the company has plans in 2019 to step up its online presence and further develop its assets.

“I think you’re seeing the very beginning of it in that we’re going to be highly communicative,” Weill said.

“We’re going to be far more proactive in our press releases and we’re basically looking to develop our in-country staff, further our relationship with the government and the government agencies that will be directly involved with our operation. We’re going to be actively soliciting strategic partners to assist us in developing the assets and we’re really just going to take it from there.”

As of Monday (December 24) at 1:00 p.m. EST, AXMIN’s share price was sitting at C$0.235, up 683.33 percent year-to-date.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.
25/12/2018 10:04
ProfitableStocksOnly Article: Central African Republic Returning Back To Normal

https://www.voaafrique.com/a/les-pr%C3%A9paratifs-des-f%C3%AAtes-de-fin-d-ann%C3%A9e-battent-leur-plein/4713957.html
The preparations for the end of year celebrations are in full swing

December 25, 2018
After several years of violence, the CAR is starting to return to its old-fashioned atmosphere. The preparations for the end of year festivities are going well and Bangui is vibrating with the Christmas celebration. Markets and streets are teeming with toys and the world.

Almost all markets, department stores and avenues are full of toys of all kinds.

To avoid any overflow on the avenues of the city center, the central city hall decided this year to create a common Christmas market. A soccer field in the 1st arrondissement houses this place, " quickly become attractive" according to Emile Gros-Raymond Nakombo, mayor of Bangui.

The existence of this common market has created a real competition between toy merchants. Those who benefit are the customers who come in droves. For some, prices are affordable this year, others think the opposite.
According to the vendors, the restoration of security on the Bangui-Douala axis has allowed the mass arrival of toys, which has considerably lowered prices, as confirmed a trader at VOA Africa.

Even if a common market selling toys and other objects exists in the 1st arrondissement, the markets, streets and neighborhoods of other boroughs vibrate to the sound of trumpets, whistles, blows of horns.

In short, the Central African capital is recovering its atmosphere before the security crisis.
26/12/2018 16:51
ProfitableStocksOnly Article: Central African Republic Returning Back To Normal

https://www.voaafrique.com/a/les-pr%C3%A9paratifs-des-f%C3%AAtes-de-fin-d-ann%C3%A9e-battent-leur-plein/4713957.html
The preparations for the end of year celebrations are in full swing

December 25, 2018
After several years of violence, the CAR is starting to return to its old-fashioned atmosphere. The preparations for the end of year festivities are going well and Bangui is vibrating with the Christmas celebration. Markets and streets are teeming with toys and the world.

Almost all markets, department stores and avenues are full of toys of all kinds.

To avoid any overflow on the avenues of the city center, the central city hall decided this year to create a common Christmas market. A soccer field in the 1st arrondissement houses this place, " quickly become attractive" according to Emile Gros-Raymond Nakombo, mayor of Bangui.

The existence of this common market has created a real competition between toy merchants. Those who benefit are the customers who come in droves. For some, prices are affordable this year, others think the opposite.
According to the vendors, the restoration of security on the Bangui-Douala axis has allowed the mass arrival of toys, which has considerably lowered prices, as confirmed a trader at VOA Africa.

Even if a common market selling toys and other objects exists in the 1st arrondissement, the markets, streets and neighborhoods of other boroughs vibrate to the sound of trumpets, whistles, blows of horns.

In short, the Central African capital is recovering its atmosphere before the security crisis.
26/12/2018 16:51
ProfitableStocksOnly New CAR Mining & Geology Website Promoting Investment

If you go to the website and translate it from French To English, you'll see that there's a big push from the government to invest in the country. Lots of projects are oil & gas based, but I bet they add Passendro sometime this year.

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

https://mines.gouv.cf/

Gouvernement de la Centrafrique is with Louis-Firmin Kongoubé and 35 others in Bangui, Central African Republic.
3 hrs ·
Dear all
I welcome you to the official portal of the ministry of mines and geology https://mines.gouv.cf/. this site to meet public expectations for information on the mining sector of the central African Republic. Indeed, the mining sector that could have brought economic growth very high, given the immense potential of the central African Republic, has not been at the meeting since the country's accession to independence. This is a matter of concern to which the government of the March 2016 elections attempts to provide a lasting response through the consolidation of the acquis and to draw up new guidelines on innovation and diversification.



Happy and happy year 2019 and
Good navigation



Leopold Mboli-fatran


Minister of mines and geology


· See original ·
Rate this translation
Image may contain: 1 person, sitting and suit
Gouvernement de la Centrafrique
Government Organization
02/01/2019 22:24
ProfitableStocksOnly United Nations Job Offer For Gold Mining Projects In Central African Republic

https://uncareer.net/vacancy/program-officer-gold-focus-m2m-206890

Added Date: Wednesday, 02 January 2019
Deadline Date: Thursday, 28 March 2019
Organization: Pact
Country: Central African Republic

At the heart of Pact is the promise of a better tomorrow. A nonprofit international development organization founded in 1971, Pact works on the ground in nearly 40 countries to improve the lives of those who are challenged by poverty and marginalization. We serve these communities because we envision a world where everyone owns their future. To do this, we build systemic solutions in partnership with local organizations, businesses, and governments that create sustainable and resilient communities where those we serve are heard, capable, and vibrant. Pact is a recognized global leader in international development. Our staff have a range of expertise in areas including public health, capacity development, governance and civil society, natural resource management, poverty, fragile states, monitoring and evaluation, small-scale and artisanal mining, microfinance and more. This expertise is combined in Pact’s unique integrated approach, which focuses on systemic changes needed to improve people’s lives.

Department

Mines to Markets (M2M) - Pact’s Mines to Markets Signature Initiative assists mineral-dependent communities to gain lasting benefits from the more sustainable use of the natural resources around them. Pact takes an integrated approach to its work in the mining sector: we link mining to livelihoods, governance, health, environment, and the strengthening of local, regional and national institutions. The M2M program is currently active in eleven countries, working with all scales of mining from large scale industrial operations (LSMs) to individual Artisanal and Small-scale Miners (ASMs) and their communities, in remote areas. For more information on current and some past projects at www.pactworld.org/mining.
04/01/2019 15:07
ProfitableStocksOnly Central African Republic : the African Union on the footsteps of Russian-Sudanese efforts for peace

https://africandailyvoice.com/en/2019/01/07/central-african-republic-african-union-footsteps-russian-sudanese-efforts-peace/

2019-01-07 Central African Republic, POLITICS

NEWSROOM (ADV) – An international peace mission composed of UN officials, the African Union (AU), and diplomats from bordering countries of the Central African Republic (CAR) is expected next Tuesday in the Central African capital Bangui, said Sunday the press spokesman of the Central African Presidency.



The mission includes UN Under-Secretary-General for Peacekeeping Operations Jean-Pierre Lacroix, AU Commissioner for Peace and Security Smaïl Chergui and Foreign Ministers from neighboring countries. According to the communication advisor and spokesperson of the Central African presidency, Albert Yaloké-Mokpème, the purpose of this mission is to agree with the Central African State of the places and dates of the various meetings between the Central African Government and the armed groups active across the country.



At the end of this meeting under the auspices of the AU, the parties concerned will have to proceed to the final signing of the documents, in Bangui.



The disarmament, demobilization and reintegration into civilian life of armed groups will be on the agenda of the meeting, Yaloké-Mokpème said.



As a prelude to this meeting of national reconciliation, the Central African President Faustin-Archange Touadéra consulted with the political, religious and social entities of the country.



According to the exchanges, it emerged that the planned discussions must be held in strict compliance with the Constitution and that there should be no amnesty for perpetrators of crimes committed in the territory, with a view to ensure zero impunity.



d© Bur-csa – A.H / N.A – African Daily Voice (ADV) – Follow us on Twitter : @ADVinfo_eng
07/01/2019 11:59
ProfitableStocksOnly Important Dates Regarding The Central African Republic Over The Next 3 Weeks

January 10th-11th - Bambari Food Festival. National Holiday and will promote the freedom of Bambari. This town is located just south of Axmin's gold deposit and has been under rebel control since 2013 until recently. Very important strategic location.

January 24th - African Union & United Nations will host a meeting in Khartoum(Sudan) between the CAR government and all rebel groups. This should be the final signing of peace. Even getting half of the groups to agree is a major boost to stabilization

January 30th-31st - United Nations will either renew or let expire the weapons embargo that has been in place since 2013. There is a strong consensus that the embargo will drop and FACA soldiers will get high end military equipment to help finish off any rebels left

All this information can be found on the Axmin facebook page. However some of it might need to be translated into english.
09/01/2019 12:11
ProfitableStocksOnly Recent articles about the central african republic

C. Africa army head came to Russia for training: minister - https://finance.yahoo.com/news/c-africa-army-head-came-russia-training-minister-103935828.html

Central African Republic Open to Russian Military Base - https://themoscowtimes.com/news/central-african-republic-open-to-russian-military-base-64091

CAR sets peace talks for January 24: AU - https://www.news24.com/Africa/News/car-sets-peace-talks-for-january-24-au-20190110

Sudan in favor of a permanent return to peace in CAR - https://www.youtube.com/watch?v=xkWGk9aee8g
10/01/2019 13:13
ProfitableStocksOnly Central African Republic: the army gradually resumes its provisions before the crisis

https://africandailyvoice.com/2019/01/09/centrafrique-armee-reprend-peu-a-peu-dispositions-avant-crise/?fbclid=IwAR3l19xpxnyFE5NNEp_qa3Y6ZPI_KXkqipQJ5p3hXVJWgxbDgglSAHkC0bg

Bangui, Central African Republic (CAR) - The Central African army is becoming more powerful and regaining control of several cities once occupied by rebels. The city of Bocaranga in the Northeast is taken over without a fight on January 7, 2019.

The Central African Armed Forces (FACA), dislocated since the seizure of power of the Seleka rebellion in 2013, began to restructure with the support of the European mission EUTM-RCA but especially the Russian instructors, who train them in handling weapons and fighting techniques.

Even though several cities still remain controlled by rebels, who continue despite the UN embargo on arms to rearm, the national army, which launched the reconquest of cities is moving forward in its project, a wish the most money of the population, already bruised by the crisis.

The city of Bocaranga, a sub-prefecture of Ouham Pendé in the north, formerly occupied by the rebels of 3R Sidiki Abbas, returns under the control of the army, after a first attempt last December. According to ADV information, the warlord Sidiki has entrenched himself 40 km from the city. Angry, his elements attacked, looted and robbed some residents near Bouar in the prefecture of Nana-Mambéré.

"The population is jubilant to welcome its army, after six years of absence in the city. But we do not want a joint operation with Minusca, "said a resident joined by ADV.

After Paoua, Bangassou, Sibut, Bambari, Bouar Amdafok, Obo, Mobaye, Alindao, Ippy ... there remain only three sensitive cities namely Bria, Kaga-Bandoro and Ndélé, controlled by the Séléka, so that the army restores its supremacy .

Security observers told ADV that the task is difficult but not impossible. "There are too many manipulations of rebel groups, who are fighting to control the natural resources for the benefit of some foreign powers, as denounced in his speech to the nation, the Central African President, on the occasion of the New Year . The CAR remains sovereign and will triumph, "said the observer.

The Central African Army, expects more than 4,000 weapons from Russia, several thousand others and equipment from China, Belgium but remains under the embargo imposed by the UN Security Council while rebels, continue to arm themselves under the helpless eye of the United Nations, which only denounces reports.
11/01/2019 11:44
ProfitableStocksOnly AXMIN Chairman and CEO Provides Update for 2019

https://www.newsfilecorp.com/release/42166/AXMIN-Chairman-and-CEO-Provides-Update-for-2019

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") Chairman and CEO Lucy Yan provides an update for 2019 commenting as follows:

2018 was a transformational year for our Company. Royalty payments together with the resolution of the long-standing accounts payable have placed AXMIN on a strong foundation and we intend to build on this foundation in 2019. Our main focus will be to become operational in the Central African Republic (CAR) to develop the Passendro asset.

AXMIN has maintained a constant presence in country during this difficult time and enjoys an excellent relationship with the authorities in Bangui and also in Bambari. We are monitoring the security situation carefully and when security returns, we have plans in place to renew our operation. We note that the CAR arm forces (FACA) have been deployed to Bambari and are now being deployed in surrounding areas. We are informed by the authorities in Bangui that we should anticipate being operational again in the near future.

To this end, we are expanding our presence in country and will add additional senior staff to assist this process. AXMIN has been approached by several potential strategic partners to assist with the development of the asset. The Company will commence a formal process to select the strategic partner once we have clarity on timing the return to Ndassima. We have completed an online data room for this purpose. The selection criteria will favor very large well capitalized companies with mining and infrastructure construction experience in Africa. The first objective will be to complete a site survey and then commence a phased development plan with rapid production being the priority.

Going forward, AXMIN will have two distinct parts to our operation in that we anticipate having royalty income from our assets and having operational income from the CAR asset. In order to better facilitate transparency and maximize shareholder value, the Company is investigating how best to structure these two separate activities. AXMIN is taking advice in this regard and may create a separate entity for the purpose of realizing royalty income from Senegal and other potential assets that may be added.

In 2019, the Company looks forward to being more communicative with our shareholders. We have commenced a presence on social media and will be providing an updated company presentation as well. Management is looking forward to another strong year for the Company in 2019 and will keep the market updated with further press releases on each of the matters above when appropriate.

About AXMIN

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. For more information regarding AXMIN visit our website at www.axmininc.com. Please also visit us on Facebook.

For additional information, please contact AXMIN Inc.:

Lucy Yan
Chairman and CEO
ceo@axmininc.com
AXMIN Inc.

General Enquiries
David de Jongh Weill
Chief Financial Officer and Corporate Secretary
david@axmininc.com

+65 9781 8281

Investor Relations
ir@axmininc.com
www.axmininc.com
14/01/2019 19:40
ProfitableStocksOnly Note: The UPC was the main rebel group that controlled Bambari, Ndassima and the surrounding area. That group has now been removed, thus giving the government room to move in and secure everything. Axmin's gold deposit is in Ndassima. Despite Ali Darassa escaping, he has no force to command and his funding sources are now gone.

https://corbeaunews-centrafrique.com/centrafrique-combat-de-gbokologbo-comment-ali-darassa-a-pu-sechapper/?fbclid=IwAR0cn_nzEOe_FVVkOE263WDkHO3xklcxPWuqEoSgfCpagbzIycISpYWJAfQ

Sunday, January 13, 2019 around 6 am, after the complete destruction of the UPC military bases, the Portuguese forces left Bambari for the village Gbokologbo , second stronghold of the UPC in Ouaka , 60 kilometers on the Alindao axis . The objective according to the Minusca , clear the rebels in all the sector close to Bambari .

Meanwhile, Rwandan soldiers from Minusca , based in the Alindao sub-prefecture , have been alerted of the next operation that will take place in the second stronghold of the UPC in Ouaka . Immediately, they spent the night from Saturday to Sunday, January 13 25 kilometers from Gbokologbo , blocking the northern exit of the rebels to Alindao .

At the same time, the Portuguese forces , which are progressing from Bambari, begin to confront the rebels of the UPC 40 kilometers from Bambarito Digui village .

As the fight progressed , the Portuguese advanced dangerously from Gbokologbo . Only 5 kilometers away, rebel leader Ali Darassa and his friend Hassa BOUBA , former advisor to President Faustin Archange TOUADERA , called for a cease-fire to negotiate.

While the Minusca poses its conditions, including the dismantling of all the barriers, as well as

the non-circulation of rebels with guns in the corner , Ali Darassa accepts all these imposed conditions.

As a good rogue, rebel leader Ali Darassa and some of his men, including Hassan Bouba quietly left the village.

As if that were not enough, some rebels came out behind the Rwandan soldiers and opened fire.

Immediately, the Portuguese and Rwandan forces entered the Gbokologbo village to drive out the rebels.

Here too, all the UPC bases were destroyed by the Minusca forces .

While rebel leader Ali Darassa and his friend Hassan BOUBA fled to the town of Ngakobo , much to everyone's surprise, Hassan BOUBA was released on Tuesday (January 15th) in Ndélé , the provincial capital of Bamingui-Bangoran . Immediately, he is summoned by gde to leave the city. Since then, he is no longer visible.

For the time being, no rebel, at least in weapon or outfit , is no longer visible in Bambari and Gbokologbo .
15/01/2019 20:34
ProfitableStocksOnly ECCAS Ambassador Expects CAR Peace Agreement To Be Reached At Khartoum Meeting

https://www.urdupoint.com/en/world/eccas-ambassador-expects-car-peace-agreement-530913.html

MOSCOW (UrduPoint News / Sputnik - 16th January, 2019) The Economic Community of Central African States' (ECCAS) ambassador to the Central African Republic (CAR) told Sputnik on Wednesday that he believed the CAR government and the representatives of the country's militia groups would be able to reach a peace deal during their upcoming meeting in the Sudanese capital.

A week ago, the Sudanese Foreign Ministry announced that the next round of peace talks would be held in Khartoum on January 24.

"I expect an agreement between the CAR government and the 14 armed groups invited for the dialogue ... ECCAS does support an inclusive agreement for peace in CAR," Adolphe Nahayo, who will be part of the ECCAS delegation to the meeting, said.

The Central African Republic has been marred by clashes between the predominantly Muslim armed group Seleka, the Christian Anti-balaka militia, and the government forces since 2012.

In August 2018, Seleka and the Anti-balaka militia agreed to establish a platform for consultations on sustainable peace in the African nation. The groups then also called on the government to seek help from Russia, the European Union, and other regional and international players in the reconciliation efforts.
16/01/2019 11:05
ProfitableStocksOnly The Central African Republic gets set for free trade

https://www.uneca.org/stories/central-african-republic-gets-set-free-trade

Yaounde, 18 January 2019 (ECA) – A total of 83 leaders from the public and private sectors of the Central African Republic (CAR) have completed a three-day training to appropriate rules of origin procedures for accrediting national industrial products into the ECCAS-CEMAC Harmonized Preferential Tariff regime.

Facilitated by the Subregional Office for Central Africa of the UN Economic Commission for Africa (ECA), the training took place in Bangui as part of a series that has already benefitted local investors and administrative officials in Cameroon, the Republic of Congo, Gabon, Chad and the Democratic Republic of the Congo.

The series of training ultimately seeks to fully activate free trade within the ECCAS and help to operationalize the African Continental Free Trade Area (AfCFTA), whose legal instruments were signed on 21 March 2018 in Kigali, Rwanda.

The trainees are expected to use the insights from the workshop to make better use of the current preferential tariff regime in place across ECCAS countries, given that current ECCAS arrangements have removed tariffs from the intraregional export-import of items that have been locally produced and transformed, yet were little known or applied on the field.

"In prelude to our exposure to the huge opportunities the continental marketplace (AfCFTA), the appropriation of the sub-regional market is a challenge that we must first tackle together as the public and private sector” said the CAR Minister of Trade and Industry – Mr. Come Hassan, who opened the training session.

“This training, which is an essential link in the chain leading us towards a free trade area, will therefore plug the knowledge gaps we face around the contours of intra-African trade,” he added.

He said it was high time the CAR worked to the extent that its “market becomes a supplier” of finished products to the Central African subregion and beyond.

For his part, Mr. Simon Fouda – Economic Affairs Officer and Representative of the Director of ECA's Subregional Office for Central Africa, called on the beneficiaries of the training to immerse themselves in the mastery procedures for benefitting from the CEEAC-CEMAC preferential tariff for local industrial products, as this will "concretely exude the benefits of the Central African Free Trade Area".

Tariff and non-tariff barriers as well as limited economic diversification and product complementarity among Central African states have contributed to the lower performance of the subregion in terms of intra-Africa trade, which stands at about 3% against the African average of 17%.

The Bangui training brings the number of persons trained to take advantage of the ECCAS-CEMAC Harmonized Preferential Tariff regime to boost intraregional trade in Central Africa to almost 400 across six countries of the subregion. Actors in the rest of the countries of the subregion will also be reached.

Funding for the activity was made possible thanks to a contribution agreement signed by the European Union (EU) and the UN Economic Commission for Africa (ECA) for the further harmonization of ECCAS and CEMAC trade policy instruments.

-ENDS-

Issued by:

The Sub-Regional Office for Central Africa

UN Economic Commission for Africa (ECA)

P.O. Box 14935 Yaounde, Cameroon

Tel: (+237) 222504348 / 222504315 / 222504321

Email: sroca@uneca.org


Media Contacts

Abel Akara Ticha – Communication Officer

Tel: 237 222504348
18/01/2019 10:34

Posted by cash900 at Jan 16, 11:35 AM
  Be the first to like this.
 

Posted by cash900 at Jan 16, 11:34 AM
  Be the first to like this.
 

Posted by cash900 at Jan 16, 11:34 AM
  Be the first to like this.
 

Posted by ProfitableStocksOnly at Dec 27, 02:35 PM
  Be the first to like this.
 
ProfitableStocksOnly KFG Resources to buy back up to 2.5 million shares

2019-01-10 15:52 MT - News Release


An anonymous director reports

KFG RESOURCES ANNOUNCES INTENTION TO COMMENCE NORMAL COURSE ISSUER BID

The TSX Venture Exchange has accepted KFG Resources Ltd.'s notice of intention to make a normal course issuer bid for common shares in the capital of the company through the facilities of the TSX-V. The Company intends to purchase, from time to time as it considers advisable over the 12-month period of the NCIB program, an aggregate of 2,500,000 Common Shares, representing approximately 5% of the Company's issued and outstanding Common Shares and approximately 6.15% of the Company's "public float" (as such term is defined under the TSX-V Corporate Finance Manual).

The Company may commence the NCIB on January 15, 2019 and the NCIB will terminate on the earlier of the Company purchasing a total of 2,500,000 Common Shares, the Company providing a notice of termination, or the date that is 12 months following the commencement date. All purchases will be made through the facilities of the TSX-V at market prices and otherwise in accordance with the rules and policies of the TSX-V. All Common Shares acquired by the Company under the NCIB will be subsequently cancelled. The Company has appointed PI Financial Corp. to conduct the NCIB on its behalf.

The board of directors of the Company believes that, from time to time, the market price of the Common Shares may not adequately reflect the Company's underlying value and future prospects and that, at such times, the purchase of the Common Shares represents an appropriate use of the Company's financial resources and would be in the best interests of the Company's shareholders.

The Company's Common Shares are listed on the TSX-V, Vancouver, B.C., trading symbol "KFG".

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.
10/01/2019 18:05

Posted by ProfitableStocksOnly at Oct 7, 06:54 PM
  Be the first to like this.
 
ProfitableStocksOnly Washington State Card Room & Casino Statistics Sheet

**Note** - As per WSGC website, due to staffing shortages, Q4 2016 is the most recent statistics from card rooms that they have.

At the end of 2016 there were 65 card room casinos in the state of Washington. Dawn Mangano joined Evergreen Gaming Corporation in June 2017.

TNA Casinos – Riverside, Palace, Goldies, Chips,
Dawn Mangano Prior Casinos – Macau, Caribbean(Casino & Card Room)

Statistics Link: http://www.wsgc.wa.gov/docs/statistics/cardroom-gross/2016-4.pdf

Out of 65, this is where TNA’s and Dawn’s casinos ranked:

Dawn’s Prior Casinos:
Macau Casino - #3 of 65
Caribbean Casino - #8 of 65
Caribbean Card Room - #42 of 65

Evergreen Gaming Casinos:
Riverside Casino - #6 of 65
Goldies Casino - #11 of 65
Palace Casino - #16 of 65
Chips Casino - #23 of 65

What this shows is Dawn Mangano was able to run casinos quite well and out of the 65 listed on the sheet, two of them placed under 10. Compared to Evergreen Gaming which only had one placed under 10. Three quarters have gone by and things could be different, but I believe Dawn will play a huge role in Evergreen Gaming’s growth.

Another important note since some individuals have been worried about online gambling being a hindrance to Evergreen’s growth:

Internet Gambling Prohibited In Washington: http://www.wsgc.wa.gov/publications/brochures/5-165-internet-gambling-brochure.pdf
17/10/2017 15:47
ProfitableStocksOnly Nice article from Simply Wallstreet. Looking forward to seeing TNA's Q3 results end of November and by then their $2 million Tukwila property sale (currently pending) should be completed. I am estimating that the company will earn at least $500,000 US profit. Their Q3 is always a bit slower and I am being very conservative on the earnings, especially after making over $1 million USD last quarter. Their Q1 profit $377,000 net income but that was also hurt by Tukwila still in operation at the time.

https://simplywall.st/news/2017/10/29/evergreen-gaming-and-other-great-cheap-stocks/

Evergreen Gaming Corporation (TSXV:TNA)
Evergreen Gaming Corporation engages in the gaming operations in the United States. Evergreen Gaming is run by CEO Dawn Mangano. With the company’s market capitalisation at CAD CA$17.95M, we can put it in the small-cap group

TNA’s shares are currently trading at -22% beneath its true level of $0.17, at a price tag of $0.14, based on my discounted cash flow model. This mismatch signals an opportunity to buy TNA shares at a discount. In addition to this, TNA’s PE ratio stands at 7.2x compared to its hotels, restaurants and leisure peer level of 19.4x, indicating that relative to its comparable company group, we can invest in TNA at a lower price. TNA is also in good financial health, with short-term assets covering liabilities in the near future as well as in the long run. It’s debt-to-equity ratio of 52% has been diminishing for the past few years demonstrating TNA’s ability to pay down its debt.
30/10/2017 13:22
ProfitableStocksOnly TNA Earns $1.5 Million USD In Q1 2018

TNA.V Q1 2018 Results (Ending March 31st 2018)
All Numbers Are In US Dollars. Information from SEDAR

Price: $0.20
Common Shares: 124,716,865
Insider/Institutional Holdings: 95,967,855 or 77.51%

Financials

ASSETS (USD)
Property & Equipment: $8,916,932
Goodwill: $6,435,481
Trademarks: $1,185,000
Game License: $55,467
Deposits: $36,678
Inventories: $170,905
Receivable: $19,963
Other Assets: $93,404
Restricted Cash: $3,326,656
Cash: $8,431,973
Total Assets: $28,672,459

LIABILITIES (USD)
Deferred Tax: $279,000
Notes Payable: $5,504,185
Trade Payable: $6,013,996
Current Note Payable: $275,647
Total Liabilities: $12,072,828

Q1 2018 Performance
Sales: $10,174,943
Net Income: $1,482,979

Earnings per share in Q1: $1,482,979 * 1.30(CAD) / 124,716,865 = $0.0155c EPS
Prior Quarters - Revenue Breakdown per quarter

Date – Sales – Net Income
2014 - $30,555,757 - $2,720,669 USD
2015 - $33,338,543 - $3,933,883 USD
2016 - $33,187,853 - $1,909,408 USD
2017 - $35,609,459 - $3,032,901 USD
2018 - $10,174,943 - $1,482,979 USD

Management Discussion Highlights

Net revenues for the quarter ended March 31, 2018 were $10,174,943, an increase of $1,944,969 compared to the same period in the prior year. Table games revenue increased by approximately $1,381,000 as a result of gaming dollars dropped being 21.1% higher than the same period last year, and the hold percentage was up slightly by .1%. Poker revenue increased by approximately $456,000 as a result of making the Palace Lakewood all poker tables effective February 1, 2018. Operating expenses were $8,245,859 in the quarter ended March 31, 2018 compared to $7,620,589 in the prior year quarter. Labor and benefits expenses decreased slightly by approximately $11,000. This decrease was primarily due to the closure of the Palace Tukwila that took place on February 4, 2017. The decrease was offset by the increase in the minimum wage that went from $11.00 to $11.50 effective January 1, 2018. Marketing and administrative increased approximately $356,000 which was primarily due to marketing expenses increasing approximately $420,000 offset by a decrease in management fees of $75,000. The increase in marketing expenses consisted of $207,000 at the Palace Lakewood and $213,000 at the other locations. The Palace Lakewood increase was the result of promoting the location as an all poker facility. The management expenses decreased as the result of terminating the management agreement with Michels Management Services effective December 31, 2017. Gaming taxes and license expenses increased approximately $215,000 as a result of the increased gaming revenue.

The Company’s cash at March 31, 2018 was $11,758,629, compared to $10,043,965 at December 31, 2017. These amounts include “Restricted Cash” balances of $3,326,656 and $2,975,946 respectively. “Restricted Cash” balances are jackpot funds held for prizes being offered at the casinos. Cash provided by operating activities for the quarter ended March 31, 2018 was $1,838,039 compared to $1,250,501 for the quarter ended March 31, 2017.

The Company’s assets at March 31, 2018 totaled $28,672,459 compared to total liabilities of $12,072,828. At December 31, 2017, total assets were $27,062,630 compared to total liabilities of $11,945,978.

Net revenue increased to $10,174,943 in the quarter ending March 31, 2017 compared to $9,413,335 in the quarter ending December 31, 2017. Gaming dollars dropped increased 3.4% in the current quarter and the hold percentage increased 0.7% compared to the quarter ending December 31, 2017. Operating expenses in the quarter ending March 31, 2018 were $8,245,859 compared to $8,394,959 in the prior quarter. Labor and benefits expense decreased approximately $112,000 in the quarter ending March 31, 2018 compared to the prior quarter. This decrease was primarily due to labor and benefits expense at Palace Lakewood decreasing approximately $154,000 as a result of converting the location to all poker on February 1, 2018.
17/05/2018 17:44
ProfitableStocksOnly 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.
17/07/2018 14:25
ProfitableStocksOnly TNA announcing today that it's going to sell itself. This was obvious given the growth of the company and lack of interest in promoting it. Purpose was to clean up the balance sheet since 2013 and then sell it off since insiders own around 75% of the stock. I started posting about this stock in 2017 and in less than 2 years it's gone from $0.04 to $0.34 with a steady rise. The next big stock I have been adding is AXM.V(Axmin Inc) or AXMIF on the US side. Axmin Inc has a proven resource and could do the same thing TNA did, go up 10 fold over the next couple years as the company is getting back a proven gold mine that is worth several times the current market cap. Not only that, it's cash flow postive like TNA from a royalty it owns in Senegal and heavy insider ownership.

News below:

Evergreen Gaming in talks to sell itself

2019-01-09 07:56 MT - News Release


Mr. Clive Forth reports

CORPORATE UPDATE

Evergreen Gaming Corp. has entered discussions with a third party that has expressed an interest in buying the company. No definitive terms have been agreed to, no formal agreements have been executed and there can be no assurance that the discussions will be concluded, any definitive agreement will be entered into or any transaction will be consummated. The company does not expect to provide further information or updates until a definitive agreement has been entered into or discussions between the parties have been terminated.


© 2019 Canjex Publishing Ltd. All rights reserved.
09/01/2019 11:14

  Be the first to like this.
 
catch2422 okay
03/08/2018 03:35

Posted by ProfitableStocksOnly at Jul 4, 02:48 PM
  Be the first to like this.
 
ProfitableStocksOnly 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.
30/07/2018 16:39

  2 people like this.
 
SANTHRAN Hi Guys, I'm a beginner; expecting some guide from Seniors. Please guide me.
13/01/2013 08:35
20/02/2014 12:20
188144938604634 Post removed. Why?
01/02/2018 20:54


4016 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AAB 0.050.00 
 AAV 2.310.00 
 TD.PF.A 19.250.00 
 CV.H 0.080.00 
 ABT 8.030.00 
 ABX 15.640.00 
 CF.DB.A 100.000.00 
 XHU 23.740.00 
 GXO 0.770.00 
 ACD 9.760.00 
Partners & Brokers