I've had this 'theory'. A company gives SQUAT interest towards you other than for in times of 'trough' digging, more CR. Seriously, why would a company make you are shareholder? For the humanitarian aspect of sharing profits with you through a dividend? Give away their profits for the love of it?
Picture this. You pick up some tenement in the back of Kalgoorlie(WA) and want to look for Gold. Have you the cash to drill? No. So you float on the ASX as an IPO and bleed your 'shareholders' with the cash to play prospecting in the wild wild west. With out them you would have to use your own money and you wouldn't have enough to drill etc. The shareholder is an open cheque book whilst paying yourself and your team a nice wicket.
Some get excited when directors buy. Cods wallop, their buys are FA in relation to the money they get for galavanting in the red dirt. They are lax with company updates and leave you sweating it out. Sure, that's what comes with investing in specs and some do hit the big time, but overall, it's a handout for a tenement that the bank would say, P*** off.
