I agree retail (we) are getting the short end of the stick but in this case AXU management has shown they were not up to the task in bringing the mine operational. They've always had an excuse and while I went along with the Covid delays for the past 2 years the latest with not being able to feed the mill just shows an overall management operational issue.
Management indicated they needed to "again" obtain additional funding, which in this environment (higher cost and pricing pressure) means additional share dilution. Look at Argonaut with their additional delays and costs and the financing dilution that just occurred (with onerous loan terms as well) as an example (and I assume similar will happen to Marathon looking at their share price).
I hope (we know hope is not a good investment strategy) this can work out to some extent (I don't expect to fully recover financially) as Helca has proven management and their stock should do fine once silver starts to move higher (difficult if the world economies are in a recession).