PSGR...still holding price. What will be the catalyst to increase share value? MY OPINION: Good News, the share price has remained solid for the past several days. Sellers are not dropping the price BUT buyers have been reluctant to purchase shares. A few buys at or slightly higher than the current price would not motivate investors. A steady incremental increase in the share price that is consistent for, st least, 2 days would generate increased buyer interest. The true catalyst will be information from Pershing that CONFIRMS the existence of a precious metal ore body. Buyers will understand that the development of the mine and production of precious metals will take several months. In the meantime, share value will reflect the extent of the ore body. At the very minimum, the mine precious metal content should be large enough to cover mine expenses. The immediate value of the mine will be easy to estimate based upon proven ore content. Ore reserves will be a bit speculative but will provide value to share price. The catalyst to jump start dramatic increases in share value is accurate information from Pershing Resources that confirms the extent of the ore body and the concentration of precious metal(s) within the ore. Ideally, this information will be released in the next FEW weeks. Right now the share price is minimum risk.
(0)
(0)
Pershing Resources Company Inc. (PSGR) Stock Research Links