Assuming AXM stays afloat (the rising gold price might provide a...

Assuming AXM stays afloat (the rising gold price might provide a life buoy), it is unlikely to continue operating with 2+ billion shares on issue, because anything like that number is risible. IMO, there will be a reconstitution of the share structure (e.g. 1:10 reduction) as a way of restoring value to each share.

By the way, thanks Barry Fitzgerald - Gampeiro or whatever you call yourself in THE AGE newspaper - for having recommended AXM to your readers. Those who acted on your on balance favourable account of AXM will feel well disposed toward you and your column.