This matrix doesn't disguise the fact the current board...

This matrix doesn't disguise the fact the current board (Fraser/Hepburn/Gordon) and the previous board (Cowden/Hepburn/Board/(Gordon)) are all idiots.

Cowden and colleagues considered the gold mine to be worth US$27M, when the gold price was around US$1950/T. Gordon came on board (a gold expert) and the board considered the mine to be worthy of tens of millions of dollars of improvements.

Wind the clock forward to a gold price of US$1950 and Fraser/Hepburn/Gordon are selling for a nominal amount. The mine has been substantially improved yet is worth nothing?

WTF are Hepburn and Gordon still doing there?