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  4. Pershing Resources Company Inc. (PSGR) Message Board

Good follow up with the post. Thanks! The share pr

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Post# of 1538
Posted On: 04/14/2015 11:37:22 AM
Posted By: Hill411
Re: Until2017 #130
Good follow up with the post. Thanks! The share price took a nice incremental increase. With the Press Release notification of Stage 2, the most apparent occurence at the Marco Project site is personnel and equipment expenditures. Financing becomes the issue. Will Pershing Resources release shares at predetermined levels (volume & price) or will PR let the market set the value? The expenditures for personnel & equipment are controllable but they are also fixed. PR can use its site (existing equipment, if any and assays) as collateral for loans but I am uncertain if they can establish a value. The share value provides the best avenue for financing. I think that they will establish projected share values and wait to release shares at these levels. This avenue is very positive as it will provide bottom walls. Another possibility is that PR has accessible capital through its Board of Directors. With the controlled growth and business plan, PR may just be self funded. No matter which way PR choses to finance its growth, the share holder should benefit with increased share price and, IF the claims are as good or better than projected, the possibility of a buy-out by a larger mining company. Patience.


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