loss of confidence in directors

Does anybody think the market has lost confidence in the directors of PDY and AGU? While I appreciate there may be a big chunk of ore in the ground obviously pending any drilling they are doing but are these guys the right guys for the job?
There has been many a company that has fallen due to mismanagement and gone into receivership only to have the assets picked up by some shrewd investor and then the long term shareholders are left with absolutely nothing.