I have been seriously looking at AXE, they have some interesting prospects across multiple resources (the mining part of the co) and high technology (the graphene and related applications part of the co), but it really looks to me like they can't decide what they want to be.
I was invested in MNS and they were having similar conundrum. I decided to get out as they appeared to be moving toward being a battery manufacturer, which looks to me like becoming rapidly commoditised. So I exited (but might pop back in once they figure out what they are).
AXE needs to decide what the future primary focus of the business is and articulate that to current and potential investors so that we know what is being invested in. I think AXE has potential with either part of the business, but they just need to decide what the future direction is.
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