so confused

can someone help me figure out what is going on with the SP of AXM..

(1) We expect production to start soon
(2) They are hedged against the price of gold going lower
(3) They keep announcing huge reserve upgrades and increasing the life of the project
(4) They will earn an income as soon as production starts
(5) Technically, according to experts gold is oversold so the upside above $1000 is still strongly possible.

Technically, the charts show weakness and I am guessing that this is why some people are selling. Any other ideas or am i missing something.

Anyone know why AXM does not usually feature amongst the recommended gold stocks? Perhaps management need to do more to get AXM better recognized and reviewed amongst fund managers.

M