I was trying to build a fire so chopped some sticks using a pristine firefighter axe (painted black)
I proceed to chop down a tree for firewood and once the tree falls my axe is gone from my hands and there is a long stick on my back, there are 2 pieces of firewood and 1 other long stick on the ground and no sign of my axe.
I hadn't moved from the spot where i chopped the tree but looked around a bit anyway with the inventory open to see if the axe was in the vicinity but it had vanished.