$PSGR What return on YOUR investment in PSGR will
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Posted On: 10/07/2017 12:35:51 PM
$PSGR What return on YOUR investment in PSGR will be acceptable? The following are MY OPINION reviews of how current Pershing Resources events MAY play out.
The GOOD (I rate as Probable)
Pershing Resources share price over the past decade maxed out at approximately $0.15/share. Not exactly a staggering amount of money for one share but when one considers that once upon a time the share price was under ONE PENNY, a 15:1 return looks pretty darn good. If you bought shares at $0.13, $0.14, $0.15, right now, the return does not look too good. The GOOD boils down to what you paid versus what is it worth today. IF, and this is a BIG IF, the mine site near Kingman, AZ is developed AND becomes very productive AND profitable, then the $0.13, $0.14, $0.15 share price may prove to have been a VERY wise investment. Taking this thought a bit farther, IF the other mine sites become productive and even a little profitable, today's share price may become the envy of someone in the not too distant future. All conjecture/speculation, of course, but for those of us who have been around for a while, the current Press Releases have been the most POSITIVE and BELIEVEABLE we have read....EVER!!! MY OPINION: Based upon the current reported ASSAYS at the Kingman Site, the share price is GROSSLY undervalued.
The BAD (I rate as remotely possible)
One can also presume that NOTHING will occur and the past history of the company will prevail: Lots of Press Releases that end up meaning absolutely nothing. The BAD will remain a constant that mimics years past. However, current events do not point towards a repeat of LONG AGO misleading Press Releases. While anything is possible, I do not foresee current POSITIVE EVENTS turning BAD. Again, the current share price, IN MY OPINON, is extremely undervalued and the share price will rapidly increase as MORE ASSAY results are released and more MINE PROGRESS/SURVEY results are posted.
The UGLY (I rate highly improbable)
The worst that can happen, again IN MY OPINION, is that no large dollar FINANCING is forthcoming. Without the money, NOTHING happens. Investors are caught in a Catch 22, nothing will happen until the mine start-up BIG money is available; share price will not dramatically increase until mine start-up and profitability are in place. Simply buying a few thousand shares at current share price does nothing to spur mine development. Yes, a dozen or more investors buying large volumes of shares could provide some relief but just not enough bucks to fund a CONTINUOUS mining operation. I do not foresee a rush by individuals to each purchase tens of thousands of shares, I DO see a company investing a very large sum of money that could and would fund the full development of at least ONE of the mine sites, most likely the Kingman site. I rate the UGLY as highly improbable because, IN MY OPINION, there WILL be a large financial investment in Pershing Resources by an outside company based upon ASSAY RESULTS and the number of CLAIMS held by Pershing Resources. The CLAIMS do have value simply because there is a possibility that precious metals OR some other marketable mineral is in the ground and can economically be removed. The ASSAY RESULTS speak for themselves.
SUMMARY
While still similar to a LOTTERY, IN MY OPINION, the odds seem to be swinging in favor of the investor. I will still hold to my 'End of 2018 1st Quarter' statement (previous post) and wait to see if what I have said above becomes fact. I remain POSITIVE that the Investor will see gains in the value of this Penny Stock and that Pershing Resources will FINALLY become a productive and PROFITABLE company. PROFITABLE to the shareholder, NOT just to the CORPORATION.
The GOOD (I rate as Probable)
Pershing Resources share price over the past decade maxed out at approximately $0.15/share. Not exactly a staggering amount of money for one share but when one considers that once upon a time the share price was under ONE PENNY, a 15:1 return looks pretty darn good. If you bought shares at $0.13, $0.14, $0.15, right now, the return does not look too good. The GOOD boils down to what you paid versus what is it worth today. IF, and this is a BIG IF, the mine site near Kingman, AZ is developed AND becomes very productive AND profitable, then the $0.13, $0.14, $0.15 share price may prove to have been a VERY wise investment. Taking this thought a bit farther, IF the other mine sites become productive and even a little profitable, today's share price may become the envy of someone in the not too distant future. All conjecture/speculation, of course, but for those of us who have been around for a while, the current Press Releases have been the most POSITIVE and BELIEVEABLE we have read....EVER!!! MY OPINION: Based upon the current reported ASSAYS at the Kingman Site, the share price is GROSSLY undervalued.
The BAD (I rate as remotely possible)
One can also presume that NOTHING will occur and the past history of the company will prevail: Lots of Press Releases that end up meaning absolutely nothing. The BAD will remain a constant that mimics years past. However, current events do not point towards a repeat of LONG AGO misleading Press Releases. While anything is possible, I do not foresee current POSITIVE EVENTS turning BAD. Again, the current share price, IN MY OPINON, is extremely undervalued and the share price will rapidly increase as MORE ASSAY results are released and more MINE PROGRESS/SURVEY results are posted.
The UGLY (I rate highly improbable)
The worst that can happen, again IN MY OPINION, is that no large dollar FINANCING is forthcoming. Without the money, NOTHING happens. Investors are caught in a Catch 22, nothing will happen until the mine start-up BIG money is available; share price will not dramatically increase until mine start-up and profitability are in place. Simply buying a few thousand shares at current share price does nothing to spur mine development. Yes, a dozen or more investors buying large volumes of shares could provide some relief but just not enough bucks to fund a CONTINUOUS mining operation. I do not foresee a rush by individuals to each purchase tens of thousands of shares, I DO see a company investing a very large sum of money that could and would fund the full development of at least ONE of the mine sites, most likely the Kingman site. I rate the UGLY as highly improbable because, IN MY OPINION, there WILL be a large financial investment in Pershing Resources by an outside company based upon ASSAY RESULTS and the number of CLAIMS held by Pershing Resources. The CLAIMS do have value simply because there is a possibility that precious metals OR some other marketable mineral is in the ground and can economically be removed. The ASSAY RESULTS speak for themselves.
SUMMARY
While still similar to a LOTTERY, IN MY OPINION, the odds seem to be swinging in favor of the investor. I will still hold to my 'End of 2018 1st Quarter' statement (previous post) and wait to see if what I have said above becomes fact. I remain POSITIVE that the Investor will see gains in the value of this Penny Stock and that Pershing Resources will FINALLY become a productive and PROFITABLE company. PROFITABLE to the shareholder, NOT just to the CORPORATION.
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