CGR 0.00% 7.0¢ cgn resources limited

i'm in

  1. 1,312 Posts.
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    Well, I've bought a small holding.

    They've just reiterated guidance for a 1c dividend and some growth. In a past presentation they indicated that they would pay 50% of NPAT as a dividend, so if growth continues, I'd say the dividend is due for a bump up soonish too.

    At any rate, it pays 8.3% at 12c so the only thing to fear is if the companies profits start heading down.

    So far, they seem to be growing.
 
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