It has no confidence in management? The problem is the market...

It has no confidence in management? The problem is the market has no confidence in the junior iron ore companies....look at AGO and BCI and it is clear the Junior iron market is still in a BEAR market. MGX is considered a junior when it comes to mining iron ore so hence the lack of interest. The market is not taking into account its cash balance and other assets until it uses it in a productive way which I believe it will do as the board is all for it.
Most so called prudent investors will buy MGX when they have signalled a purchase outside of iron ore or announce a "return of capital " It will be too late by then as the share price will be in the thirties and at that point the "experts" will place a buy on it and praise management....