$PSGR Did they PLAN TO NOT DO IT, or did they NOT
Post# of 1517
Clearly a dissension between intention or incompetence . ...
Maybe a third choice , that being indifference ?
If they PLANNED TO NOT DO IT , then that is dissembling,
pure and simple. . THEY CANNOT ESCAPE USING THE
FORWARD-LOOKING STATEMENT DISCLAIMER !
The P.R. is FULL OF plain and simple and clear and concise
and direct language. ... Technically, they have wiggle room,
BUT NOT 33 MONTHS OF WIGGLE ROOM ! ! ! ... The clear
language speaks to basic and direct intent to do the stated
deed.
If they PLANNED TO NOT DO IT -- then that is just a sign
of deceit, dissembling, and disingenuous behavior.
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If they did NOT PLAN TO DO IT , then that is either of in-
competence or laziness, as in, "I was gonna make a plan,
but I had this here case of FINE BEER , and that just had
to come first, fer shore !"
So many many things Pershing announced would be in the
PipeLine, new process and Whamma Jamma technology,
NONE OF WHICH EVER BORE RESULTS.
Hard work is - SIMPLY PUT - Hard work , and there is little
or no evidence of that ever happening ( in 2 decades ) at
Pershing, ever.
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Or maybe they suffer from indifference, and if that is true
it just plain blows my mind.
So many many years AND so many (Forward-Looking
Statement) technicalities and EXCUSES for NEVER ANY
PERFORMANCE as "Promised" in PLAIN ENGLISH in
their many P.R.-s that had NO FOLLOW-THROUGH ! ! !
The Press Release in question - - - see below .
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https://www.pershingpm.com/news-media/press-r...ll-testing
First SIX Paragraphs of the PR, below :
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PERSHING RESOURCES BEGINS PILOT MILL TESTING
JUNE 30, 2015
The Company Names Bill Earnshaw as Director of Projects and Head of Mill Operations
RENO, NV -- (Marketwired) -- 06/30/15 -- Pershing Resources Company (OTC PINK: PSGR) announced that it has begun testing its pilot mill at a facility near Kingman Arizona. The Company took delivery of a sonification unit, crushing circuit and other equipment in early May and, has largely completed assembly of a pilot mill. Testing will take sixty to ninety days and will involve processing runs of 25 to 100 pounds at a time. Once testing and adjustments are complete the pilot mill's capacity can be scaled up to 1 ton per day and eventually increasing to 5 tons per day. The Company will report on yield results as warranted.
The Company also announced that it has named William B Earnshaw to be Director of Projects and Mill Operations. Mr Earnshaw is a veteran of three-plus decades in the industry and has experience in exploration and project management in both North and South America as well as, particular expertise in refining. Previous to joining Pershing Resources, he had been president of Simple Recovery Inc. which was acquired by the Company earlier this year.
Mr. Earnshaw, commented, "The assay and recovery of precious metals is an art and, technological advances are changing how mining and particularly refining is being done. The lack of free milling ores is pushing larger mining concerns toward ever more efficient methods of recovery which, in the past were not cost effective. We are working with several advanced technologies applied in recovery methods to increase our projected yields and cut our milling costs and time needed to process complex ores. Pershing Resources' Marco Project is good example of such ore types. In lab testing, ore that initially yielded one gram per ton of precious metals, moved to as high as 30 grams per ton if a method such as sonification is applied. Technology is a disrupter and cost cutter in many industries and mining is no different."
Pershing Resources' CEO Steve Plumb said, "This marks a major goal for the Company and shareholders. We have developed the beginnings of a production capability and expect to be able to report a modest cash flow from operations in the near term. Having Bill come on board along with the two additional properties has been a game changer for us and demonstrates how the acquisition of Simple Recovery has been immediately accretive for the Company.
Mr. Plumb added, "As always, the Company appreciates the feedback we have received from shareholders and we welcome your comments and suggestions on all aspects of our operations."
To make sure you receive timely information on Pershing Resources Company when it hits the newswire. Sign up for Pershing Resources Company's email news alert system today at:
ir.pershingpm.com/
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Incompetent, Indifferent or Intention to deceive, that Dr.
Watson, is the question, is it not ?
Until2017