$PSGR March 27, 2018 Early morning. Waiting for the sunrise. Another day of watching and waiting and waiting and waiting for something positive and productive to occur with PSGR PENNY stock.
I will pen a sorta/kinda sympathetic note Pershing Resources:
I understand that the company does not have the finances to go full bore into a multi-million dollar PRODUCTIVE mining operation. Hell, a PENNY STOCK does not produce the capital needed to fully develop an operation that is labor and equipment intensive. OK...so much for an emotional approach....
IF...and a very BIG IF, Pershing Resources is sincere about FINALLY starting a PRODUCTIVE mining operation, then finances and knowledgeable employees are paramount for success. IF...another very BIG IF, the mine sites/claims ARE as portrayed....large ore bodies that have PRECIOUS METALS and other marketable and PROFITABLE minerals/metals...then Pershing Resources must have credible assay results WITH ore body content/amounts to access the finances required to advance the mining operation. Herein lies the age old (for investors) question:
WHY has it taken so long to submit the REQUIRED filings to initiate the mining operation(s)? As I recall, the alleged funding from CAPITAL INVESTMENT is about 2 years past and NOTHING has occurred because Pershing Resources has not yet filed all of the REQUIRED paperwork to the SEC, etc..
Another BIG IF is qualified and SKILLED MINING EMPLOYEES. A successful mining operation employs personnel who understand the operations peculiar to the specific ore extraction and processing technique. As of now, the only individual who has been listed as a 'knowledgeable miner' is someone who 'sold' his alleged Gold Mine to Pershing Resources. One can speculate that IF his Gold Mine/claim was anticipated to be PROFITABLE and that he had, as stated in the acquisition Press Release, the necessary equipment to mine his claim, then he would be raising hell about the lack of mining activity. After all, (I believe this to be correct...please provide additional information IF I am wrong) the sale was based upon STOCK EXCHANGE to purchase his company. He has seen nothing in the way of BIG BUCKS from the sale as the share price has been in the toilet. Could the periodic 'award/compensation' of thousands of shares of Pershing Resources to key Pershing Resources personnel be a lip sealer? Basically, "sell it for your quarterly paycheck"?
SUMMARY
Investors are still waiting for concrete confirmation of mine start-up. Investors do not need another Press Release that alludes to something that may happen at an unspecified future date...been there done that.
ALL OF THE FOLLOWING REQUIRE DROP-DEAD DATES:
FINANCES? With whom and when?
QUALIFIED PERSONNEL? How will they be vetted and when will they be hired?
EQUIPMENT? No more 'New Technology' that may...well, most likely WILL NOT work. WHAT will be purchased and WHEN?
FINALLY, WHEN will ALL of the PAPERWORK be completed...an honest-to-God DEADLINE DATE? WHEN will real honest-to -God mining start?
I am POSITIVE that ALL SUCCESSFUL businesses require DROP-DEAD DATES for start-up and productivity. Those that do not establish a 'To-Do List' and then follow-up the information are either LIARS, SCAMS, CON-ARTISTS, or are extremely LUCKY.
I will pen a sorta/kinda sympathetic note Pershing Resources:
I understand that the company does not have the finances to go full bore into a multi-million dollar PRODUCTIVE mining operation. Hell, a PENNY STOCK does not produce the capital needed to fully develop an operation that is labor and equipment intensive. OK...so much for an emotional approach....
IF...and a very BIG IF, Pershing Resources is sincere about FINALLY starting a PRODUCTIVE mining operation, then finances and knowledgeable employees are paramount for success. IF...another very BIG IF, the mine sites/claims ARE as portrayed....large ore bodies that have PRECIOUS METALS and other marketable and PROFITABLE minerals/metals...then Pershing Resources must have credible assay results WITH ore body content/amounts to access the finances required to advance the mining operation. Herein lies the age old (for investors) question:
WHY has it taken so long to submit the REQUIRED filings to initiate the mining operation(s)? As I recall, the alleged funding from CAPITAL INVESTMENT is about 2 years past and NOTHING has occurred because Pershing Resources has not yet filed all of the REQUIRED paperwork to the SEC, etc..
Another BIG IF is qualified and SKILLED MINING EMPLOYEES. A successful mining operation employs personnel who understand the operations peculiar to the specific ore extraction and processing technique. As of now, the only individual who has been listed as a 'knowledgeable miner' is someone who 'sold' his alleged Gold Mine to Pershing Resources. One can speculate that IF his Gold Mine/claim was anticipated to be PROFITABLE and that he had, as stated in the acquisition Press Release, the necessary equipment to mine his claim, then he would be raising hell about the lack of mining activity. After all, (I believe this to be correct...please provide additional information IF I am wrong) the sale was based upon STOCK EXCHANGE to purchase his company. He has seen nothing in the way of BIG BUCKS from the sale as the share price has been in the toilet. Could the periodic 'award/compensation' of thousands of shares of Pershing Resources to key Pershing Resources personnel be a lip sealer? Basically, "sell it for your quarterly paycheck"?
SUMMARY
Investors are still waiting for concrete confirmation of mine start-up. Investors do not need another Press Release that alludes to something that may happen at an unspecified future date...been there done that.
ALL OF THE FOLLOWING REQUIRE DROP-DEAD DATES:
FINANCES? With whom and when?
QUALIFIED PERSONNEL? How will they be vetted and when will they be hired?
EQUIPMENT? No more 'New Technology' that may...well, most likely WILL NOT work. WHAT will be purchased and WHEN?
FINALLY, WHEN will ALL of the PAPERWORK be completed...an honest-to-God DEADLINE DATE? WHEN will real honest-to -God mining start?
I am POSITIVE that ALL SUCCESSFUL businesses require DROP-DEAD DATES for start-up and productivity. Those that do not establish a 'To-Do List' and then follow-up the information are either LIARS, SCAMS, CON-ARTISTS, or are extremely LUCKY.
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