Yep, its very limp and stretchy - great for an anchor rope. If you need to put loops in it, try whipping instead of splicing - or shrink crimps. Personally, I use a thin version of parachute cord for whipping - and melt the ends to finish it.
To have a son who runs an outdoor pursuits centre, when any of the climbing ropes get a nick in them, or they are past their "sell by" date, the old man puts a few quid in the Xmas Party pot, & takes them of their hands!:yeah: