I found the following information that CSP, ASP, CSP, and SLA are in talks about the possibility of combining into one Closed-End Fund (CEF)by the board of directors. My question is how sustainable the CSP dividend is? Do you folks think CSP will drop more? What is the long term outlook of CSP? I couldn't find any report or NAV news on it.
SIT investments has been selling off their holdings in CSP (as well as ASP, BSP). They are the largest holders of the stock from what I see. They are down to holding 5.5% of CSP. It appears that they will be in the next few months. They still have over a million shares to shed. Once they are done CSP may start to climb closer to Net Asset Value (NAV).
Appears the floor of this stock to be under $6.00. Downtrend confirmed, additional large investor selling to preserve capital. June-Aug time frame may be largest decline. I continue to liquidate since principle preservation is my major concern. QE2 ending, no additional stimulus to prop up the failing US stock market. Huge market orders for paper gold. Large depositors unable to deliver precious metal on demand. Causing concern amongst metal holders reselling overseas where a higher demand and premium for gold/silver