Currently it seems sentiment with this stock is pretty low,...

Currently it seems sentiment with this stock is pretty low, however we've just seen gold break solidly out of a triangular pattern and it's looking very bullish.

All AXM needs in my opinion to turn it around (the share price) is some positive sentiment and for this downtrend to be broken. This could happen as it's pulled up with other gold stocks, today, and over the short term.

AXM has a LOT of gold, at the current market cap of $51m, the market cap/resource oz is $15. There are VERY few other companies on the ASX with gold this cheap. Here are some comparisons:

Mkt Cap / Resource Oz
SLR - $81
TRY - $95
CTO - $16
MML - $201
MUN - $153
RED - $49
LGL - $170
NCM - $183

Yes this is just 1 measurement and they may struggle over the next few months to reach their short term targets, but if you're looking for cheap gold, you don't get much better than this!

I would be surprised to see this still under 10c by the end of the week.

Unless users here have information I don't have about AXMs financial position then talk of administration is ridiculous. They are just going through a rough patch.