I noticed AMP has further reduced its holding in the last week or so this would not have helped.
CRS is my view was/is undervalued compared to its peers.
AMP may have increased its holding to get things moving originally, without looking I think it has reduced its holdings to about half.
It’s current holding could now be at a level that could be considered free in real terms.
What I am getting at is the selling pressure from AMP may well now have stopped any further sell down I would see as a concern.
If what I have eluded to happens (AMP has concluded selling ) then any improvement in the AUD gold price I believe will see a strong bounce.
IMHO
Gyro
Gold Price, page-4
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Last
2.6¢ |
Change
-0.003(10.3%) |
Mkt cap ! $7.261M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $60.73K | 2.277M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 338639 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 100000 | 1 |
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| Last trade - 13.15pm 21/06/2024 (20 minute delay) ? |
| CRS (ASX) Chart |