CRS 2.78% 3.7¢ caprice resources ltd

I noticed AMP has further reduced its holding in the last week...

  1. 5,426 Posts.
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    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
 
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