It makes sense that the capital raising would be the catalyst. They're now debt free with money in the bank to complete development towards full production and also expand resources via exploration.
The icing on the cake is the signs of continued gold price appreciation.
The near death experience has provided a brilliant entry point, and as they say, what doesn't kill you makes you stronger.
Isn't this what happened with LionOre? Let's hope history repeats.
AXM Price at posting:
4.4¢ Sentiment: LT Buy Disclosure: Held