$PSGR IMO The Price of Gold (POG) should have a MI
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Posted On: 11/03/2017 1:52:10 PM
$PSGR IMO The Price of Gold (POG) should have a MINIMAL effect on the share price of ANY Gold mining operation. If the POG had a more direct effect on companies that presented themselves as legitimate mining operations, then anyone with a GOLD mining claim and a reasonable ability to issue positive Press Releases would be able to access a bottomless pit of share monies.
Remember, Pershing Resources and its former iterations, for many years presented itself as a RESEARCH & DEVELOPMENT company. It claimed it was researching and developing environmentally safe methods for precious metals extraction from ores. Currently, it claims to have now morphed into more of a 'developmental' mining company. Whether this change was to become more attractive to the PRECIOUS METALS investment crowd or simply a business restructuring remains to be seen. What is apparent is that stock purchase, regardless of the price of Gold, has NOT seen a dramatic uptick or downturn in either volume or price.
I would suggest, based upon an empirical review of Pershing Resources and other SMALL legitimate mining operations, the Price of Gold has never had much of a LONG TERM impact on share price. Yes, there are some who see the $$$ signs for a Get-Rich-Quick investment. The emotional response is then quickly tempered with the reality of non-production or limited production with ZERO profit to the investors. Share price then drop to where they were. BIG Gold Mining Companies DO see an small incremental increase in their share price when Precious Metals prices go up. The increase is slow and calculated. SMART investors review the company's Real World capabilities prior to opening their wallets.
In my opinion, for SMALL Precious Metals Mining Operations, the ONLY activity that provides a dramatic positive change to share price is the actual production of a product AT A PROFIT. Words, intimations, and promises do not provide current shareholders or potential investors with the Warm & Fuzzies. Everything ultimately boils down to Show Me the Money (Precious Metal).
Remember, Pershing Resources and its former iterations, for many years presented itself as a RESEARCH & DEVELOPMENT company. It claimed it was researching and developing environmentally safe methods for precious metals extraction from ores. Currently, it claims to have now morphed into more of a 'developmental' mining company. Whether this change was to become more attractive to the PRECIOUS METALS investment crowd or simply a business restructuring remains to be seen. What is apparent is that stock purchase, regardless of the price of Gold, has NOT seen a dramatic uptick or downturn in either volume or price.
I would suggest, based upon an empirical review of Pershing Resources and other SMALL legitimate mining operations, the Price of Gold has never had much of a LONG TERM impact on share price. Yes, there are some who see the $$$ signs for a Get-Rich-Quick investment. The emotional response is then quickly tempered with the reality of non-production or limited production with ZERO profit to the investors. Share price then drop to where they were. BIG Gold Mining Companies DO see an small incremental increase in their share price when Precious Metals prices go up. The increase is slow and calculated. SMART investors review the company's Real World capabilities prior to opening their wallets.
In my opinion, for SMALL Precious Metals Mining Operations, the ONLY activity that provides a dramatic positive change to share price is the actual production of a product AT A PROFIT. Words, intimations, and promises do not provide current shareholders or potential investors with the Warm & Fuzzies. Everything ultimately boils down to Show Me the Money (Precious Metal).
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