great management, board=great company, page-14

The subject thread of this post just highlights how misguided some of the posters on here are. Everyone keeps on talking about how much money they are making etc etc, the simple fact is WITHOUT MANAGEMENT, WITHOUT A BOARD to represent independent shareholders, do you really think that money will find its way to you via an increased share price and dividend?

Great management! ??? - ahemmmm, there is NO management, 5 months, still no CEO appointed, all the top management have now walked, also now the CFO has walked. If MGX had a bright future, surely they would want to be part of it? This sort of disruption CANNOT be good. Regardless if you think the previous management were bafoons they still built this business. The fact that they are all gone does not give comfort in any way. I am not surprised the share price keeps dropping. I will not be surprised to read another poor quarterly statement.

Great board - the board has shown for over 2 years that they are dysfunctional. That the header says they are 'great' is an insult to anyone's intelligence. I guess some people on HC would believe that.

Acquisition - dont be surprised if they now use the cashpile on something totally unrelated to the business investing in Africa or in another commodity. They control the company and therefore they will do what they like with the cash.

Price action does not bode well - anyone know when they report the next quarterly?