$PSGR Is the current run an overinflated balloon t
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Posted On: 03/16/2017 11:02:34 AM
$PSGR Is the current run an overinflated balloon that will soon burst? There is some history for the rapid rise in the PSGR share price. For those investors who have been around for at least three years, there was a brief period when the share price jumped faster than a rabbit in a field of cactus. Share price reached $0.15 and then retreated until it ended up in the $0.02/share price range.
What is different with this increase in share price? Perhaps the number of claims now owned by Pershing Resources. Maybe the new Advisory Committee that has allegedly be formed. Maybe the hopes that the STRONG Dow Jones will translate into a kick-butt Penny Stock kingdom. Or it could be that Pershing Corporate is concerned that nothing has occurred over the past 2 years and the current Press Releases are being used to stimulate share price.
The Pershing acquisition of claims is by no means a confirmation of mining success. The formation of an Advisory Committee is a tacit admission that Corporate Pershing Resources knows little, if anything, about successfully running a mining operation. In addition, there has been no mention of several KEY points from past Press Releases:
1) What is the status of Blackridge Investments?
2) What is the status of the Mill
3) What has become of any CERTIFIED assays for precious metals
ores?
4) Which Pershing Resource people will run the various claim sites?
5) What is the End Game? Is the acquisition of Claims/Minesites to
ultimately mine and produce precious metals /OR/ are the
acquisitions merely an attempt to set up a Package Deal to sell
the entire claims package?
Another Time Will Tell moment in Pershing Resources history.
What is different with this increase in share price? Perhaps the number of claims now owned by Pershing Resources. Maybe the new Advisory Committee that has allegedly be formed. Maybe the hopes that the STRONG Dow Jones will translate into a kick-butt Penny Stock kingdom. Or it could be that Pershing Corporate is concerned that nothing has occurred over the past 2 years and the current Press Releases are being used to stimulate share price.
The Pershing acquisition of claims is by no means a confirmation of mining success. The formation of an Advisory Committee is a tacit admission that Corporate Pershing Resources knows little, if anything, about successfully running a mining operation. In addition, there has been no mention of several KEY points from past Press Releases:
1) What is the status of Blackridge Investments?
2) What is the status of the Mill
3) What has become of any CERTIFIED assays for precious metals
ores?
4) Which Pershing Resource people will run the various claim sites?
5) What is the End Game? Is the acquisition of Claims/Minesites to
ultimately mine and produce precious metals /OR/ are the
acquisitions merely an attempt to set up a Package Deal to sell
the entire claims package?
Another Time Will Tell moment in Pershing Resources history.
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(0)Pershing Resources Company Inc. (PSGR) Stock Research Links
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