Perhaps that is it. Still, you'd have to think that Pattersons wouldn't risk $108m purely based on their market manipulation powers.
The MD says that by April there will be 12,500 oz/month of production. At this stage of the game, I don't think they'd risk setting this goal if there was any chance of not meeting it. It would destroy many a fine reputation. Even at the current POG and margins, that makes AXM worth a lot more than 4c, and I expect both to improve before then.
AXM Price at posting:
4.1¢ Sentiment: LT Buy Disclosure: Held