where the smart money went

FWL drifted down.
Smart people looked around and saw who was next door.

The nearologists took a punt on AXO. Over 500,000 traded today which is a significant volume for this stock.

They have other good things happenning as well. When you look at the ground holding AXO appears to have just as long a strike length, as FWL, of Aeromagnetic anomalies, including their extensive holdings to the west of their Wadgingarra area. Look at AXO maps 19 April ASX release.
Refer also to write up in smart investor magazine which valued AXO at over $4.00 per share WITHOUT ACCOUNTING FOR YALGOO.