As far as I know CGH don't do any work for ARI, they are certainly not a mining contractor in any case. Suggest the drop in share price ex-div is down to general poor sentiment around the mining services sector along with CGH low liquidity which tends to hold the price down and prevents instos from buying. If they can do something about their lack of liquidity and ownership structure the market will view CGH very differently IMO. From a P&L perspective they are certainly performing much better than many of their peers eg SDM, AAX, LYL, LCM however this is not reflected in their share price.
CGH Price at posting:
39.5¢ Sentiment: None Disclosure: Held
