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Posted On: 05/14/2018 8:52:09 AM
Post# of 1521
$PSGR Monday, May 14, 2018
With all the (ahem) BIG changes occurring at Pershing Resources (new personnel in, old personnel out; survey (exploration) at the New Enterprise Mine Site, more claims added, etc.) investors may be bracing for SOMETHING FINANCIALLY REWARDING to happen. Frankly, something may just occur; the interpretation of 'REWARDING' relies upon one's definition of 'rewarding'. To Pershing Resources Corporate, 'REWARDING' may mean a share price increase of $0.005/share. To investors, 'REWARDING' may mean an increase of $0.05/share.
Over the past few years, to long time investors, 'REWARDING' has not been a part of an activity associated with Pershing Resources. Many investors have seen their PSGR stock value go down.....and down.....and down. Meanwhile, Pershing Resources has issued a few Press Releases that SUGGEST that the company value should /may/could possibly go up with all the (ahem) survey/exploration work occurring in Arizona. Now that the share price has declined to and maintained a price around $0.02/share, ANY upward movement in price will be considered 'REWARDING' by Pershing Resources. Long term investors have accepted that the share price is close to worthless and ANY upward movement will be met with a very small degree of excitement AND hope. Pershing Resources has solved the problem of how to keep long term investors somewhat happy: Provide virtually NOTHING for months/years on end then wait for the share price to increase just a bit. NEW investors think that the share price will continue to increase; long time investors shake their heads. New investors buy because they think they will make a few bucks; long time investors do NOT sell because they will lose more than a few bucks. Pershing Resources wins, shareholders lose. Now, about that definition of REWARDING......
With all the (ahem) BIG changes occurring at Pershing Resources (new personnel in, old personnel out; survey (exploration) at the New Enterprise Mine Site, more claims added, etc.) investors may be bracing for SOMETHING FINANCIALLY REWARDING to happen. Frankly, something may just occur; the interpretation of 'REWARDING' relies upon one's definition of 'rewarding'. To Pershing Resources Corporate, 'REWARDING' may mean a share price increase of $0.005/share. To investors, 'REWARDING' may mean an increase of $0.05/share.
Over the past few years, to long time investors, 'REWARDING' has not been a part of an activity associated with Pershing Resources. Many investors have seen their PSGR stock value go down.....and down.....and down. Meanwhile, Pershing Resources has issued a few Press Releases that SUGGEST that the company value should /may/could possibly go up with all the (ahem) survey/exploration work occurring in Arizona. Now that the share price has declined to and maintained a price around $0.02/share, ANY upward movement in price will be considered 'REWARDING' by Pershing Resources. Long term investors have accepted that the share price is close to worthless and ANY upward movement will be met with a very small degree of excitement AND hope. Pershing Resources has solved the problem of how to keep long term investors somewhat happy: Provide virtually NOTHING for months/years on end then wait for the share price to increase just a bit. NEW investors think that the share price will continue to increase; long time investors shake their heads. New investors buy because they think they will make a few bucks; long time investors do NOT sell because they will lose more than a few bucks. Pershing Resources wins, shareholders lose. Now, about that definition of REWARDING......
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