I don't have any problems with people trading mate, that's part of the market picture.
Just don't like it when they take away from what should be a constructive forum.
The split between CGB & MCL before the issuing of the shares was 55/45.
Unless you value our bauxite would you not say the issuing of the shares is only CGB taking MCL fully under it's umbrella.
For all intensive purposes CGB would have to divide any profits 55/45 & all this means by issuing them shares is they will be paid in dividends from any potential profit in the future.
Just because you couldn't tangibly see the shares on issue didn't mean that MCL wasn't fully entitled to their 45% stake.
Yes CGB got the first 45% of MCL for a great deal but CGB also enjoyed a premium on sp post that deal which is a reflection of the value MCL brought to CGB in the time past.
