CGM 0.00% 0.1¢ cougar metals nl

Two things:1 - the thumbs up snatcher is back. I thumbed up...

  1. 327 Posts.
    Two things:

    1 - the thumbs up snatcher is back. I thumbed up rwarick's posts, and now they are gone. Someone had thumbed up mine, and now it's gone. I don't care for thumbs up - I don't care for "points" - but I do care for what it *says* about a person who thumbs up or down (down more than up, of course). Hateful remarks should be thumbed down, yes. Negative remarks. Inaccurate. But just plain old comments? I don't think so. Abuse is not good, and it creates a poorer forum.

    2 - More focused on CGM - I wonder if, with approaching maturity, CGM will become a funnel for Randal to shift funds (profits) from the company to himself, his family, and by extension, us. The company is very largely held by the same family, and I am sure they would like to receive the benefits of the increasing share price, revenues and profits. It's not as if they can sell down their holding without causing negative repercussions. The only possibility, then, is dividends (or paper wealth, I suppose).

    Note I am not suggesting anything underhanded here. Randal and co. deserve the success they are building, and paying dividends - even half a cent (which could, *in theory*, have been paid out of last financial year's earnings per share (not saying it should have been - saying it could have been)) - would reward the family and major shareholders. And, of course, by extension, us.

    I don't have a great deal of experience with companies so firmly owned by one family. Do they do this? Do they pay dividends earlier than a "normal" company? Do they do buybacks? Do they do nothing?

    Food for thought and all that.
 
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Currently unlisted public company.

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