CRS' reserves will be increased more sooner than not. That i am banking on. I hold at under 40c and have increased my holdings again at 69c. I am long CRS and sit on a small fortune. But if I listened to all the down rampers/negative view/ broker views then my upside would be taken away e.g. brokers valuing CRS at 40c then at .70 bla bla. No thanks. I've done my thorough research as you should do also, and the numbers keep coming up sweet. I'm riding this 'wave' all the way to shore. Let the non-believers simply stay away from CRS.
Purely on fundamentals, one cannot fault CRS. This is not a spec play. You're looking at possibly Australia's No. 3 producer; with takeover potential and solid results driven/wealth building management. Look at volumes & trading patterns going through lately. Obviously insto's are having a descent crack at CRS. Notwithstanding existing insto holdings of AMP around 10% and Merrill Lynch around 5%.
My initial key targets were 70c then 95c then $1.40. I still adhere to these. After $1.40, well I suppose bring on $2.00!
CRS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
