PSGR January Doldrums
The New Year should begin with optimism. Hope, growth and success provide investors with the stimuli required to open their wallets and purchase shares of a potential growth monster. For years PSGR has encouraged Hope. Unfortunately, Growth and Success have been elusive. While never have I thought that an investment in PSGR was to be a panacea, I remained hopeful that this stock would see a value of $2.00/share. Quite honestly, Hope has faded. Past Press releases have tauted the existence of profitable ore bodies of precious metals. The fact remains that the fruit of the Press releases has endured years of disease. To the best of my knowledge, no significant amounts of precious metals or rare earths have been mined and refined. Pershing Resources Company, Inc. in 2015 should either put up or shut up. IF marketable and sufficient ore bodies have been located within the claim, the Board should be held accountable to the stockholders. Companies with sufficient capital and mining experience should be courted and become partners with Pershing Resources. Production should commence not later than six months after viable partnership is established OR the current owner (s) should locate a buyer for the claims and sell. 2015 should be the year for the investor, not a tax write-off for ownership. The clock is ticking.
The New Year should begin with optimism. Hope, growth and success provide investors with the stimuli required to open their wallets and purchase shares of a potential growth monster. For years PSGR has encouraged Hope. Unfortunately, Growth and Success have been elusive. While never have I thought that an investment in PSGR was to be a panacea, I remained hopeful that this stock would see a value of $2.00/share. Quite honestly, Hope has faded. Past Press releases have tauted the existence of profitable ore bodies of precious metals. The fact remains that the fruit of the Press releases has endured years of disease. To the best of my knowledge, no significant amounts of precious metals or rare earths have been mined and refined. Pershing Resources Company, Inc. in 2015 should either put up or shut up. IF marketable and sufficient ore bodies have been located within the claim, the Board should be held accountable to the stockholders. Companies with sufficient capital and mining experience should be courted and become partners with Pershing Resources. Production should commence not later than six months after viable partnership is established OR the current owner (s) should locate a buyer for the claims and sell. 2015 should be the year for the investor, not a tax write-off for ownership. The clock is ticking.
