got me thinking perhaps we have a shorter trying to cap the price and hope it goes lower. checked the short sell list http://www.asx.com.au/data/Shortsell.txt sure enough AXM shorted for 26,867 shares. not many and would have expected 100k atleast but will keep an eye on the list over the next week and see if we can get any relation to SP movements.
AXM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held