$PSGR For those who have not visited the Pershing
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Posted On: 11/26/2018 2:12:09 PM
$PSGR For those who have not visited the Pershing Resources website, I highly recommend that you take the time to read the words.
To put some things in perspective, the company has been around for TWENTY PLUS YEARS and, to the best of my knowledge and research, has not processed any marketable and continuous production of precious metals.
The PROJECTS section of the Pershing Resources website alludes to '......four 100% company owned properties with exploration projects in progress'. Since there has been no current Press Releases or other means of verifying the accuracy of the above statement, there is no way to confirm that 'exploration projects are in progress'.
The first large claim site (under the Pershing Resources corporate name) was for the Marco Project near Lovelock, Nevada. According to the Pershing Resources website, the Marco Project was acquired in 2004. FOURTEEN YEARS LATER...what does the company have to show for the 'projects in progress'? FOURTEEN YEARS of ZERO production and, again, as far as can be determined by the common share holder, NO PRODUCTION has occurred at the Claims Site nor is there operational production equipment and qualified mining crews evident at the location.
The Pershing Resources Press Releases also reference the NEW ENTERPRISE PROJECT located near Kingman, Arizona. At one time several years ago, Pershing Resources announced plans for the construction of a Mill and additional equipment at a facility near Kingman, Arizona (see 6/30/2015 company press Release). The ENTERPRISE PROJECT was actually high-lighted and favored over the Marco Project...which had been around for many years prior, with nothing to show for it. The NEW ENTERPRISE CLAIM BLOCK was, according to the Pershing Resources Press Release acquired in 2015. The second Claim Block, MOHAVE-STANDARD CLAIM BLOCK was staked in 2016. these two Claim Blocks constitute the NEW ENTERPRISE PROJECT.
The company also has the GOLD LAKE PROJECT. This is comprised of 2 claims over a VERY small area of 40 acres near Kingman, Arizona. There has not been any information about this claim for many many months.
There has been no Press Release from the corporate office since August 13, 2018. Once upon a time, the Corporation had told the shareholders that it would keep them informed in a timely manner. ZIP, ZERO, NADA has been heard from the corporate office for THREE MONTHS.
What does this all mean? An investor must conduct his/her due diligence to determine the viability of a company. Based upon TWENTY PLUS YEARS of its existence, the recent share price has remained at or below the share price of MANY years ago. The company has yet to produce anything except WORDS. The company has not kept shareholders informed for the past three months and has issued ONLY eight Press Release for the entirety of 2018...three of those Press Releases occurred in March.
The company has produced nothing, is not currently producing anything, and in a prior Press Release from several months past, indicated that 'something' MAY occur in another 5 years. Given the fact that the company will have been in existence for approximately 27 years by then AND NOT PRODUCED anything of value while continuously selling/trading shares, the investor must make his/her own decision about share purchase. Will you be happy in another 4 or 5 years IF the share price remains at the current level? Are you willing to wait another 4 or 5 years for 'studies' to finish that will determine if mining is viable/feasible (see Press Releases for clarification)? Can your money be better spent elsewhere? These are all questions that a competent investor would ask PRIOR TO spending even a tiny amount such as $0.025/share. Current inflation would eat that amount up in a year; no telling what 4 or 5 years will bring. DUE DILIGENCE!
ACTIONS AND RESULTS!!! NO MORE BS!!!!
To put some things in perspective, the company has been around for TWENTY PLUS YEARS and, to the best of my knowledge and research, has not processed any marketable and continuous production of precious metals.
The PROJECTS section of the Pershing Resources website alludes to '......four 100% company owned properties with exploration projects in progress'. Since there has been no current Press Releases or other means of verifying the accuracy of the above statement, there is no way to confirm that 'exploration projects are in progress'.
The first large claim site (under the Pershing Resources corporate name) was for the Marco Project near Lovelock, Nevada. According to the Pershing Resources website, the Marco Project was acquired in 2004. FOURTEEN YEARS LATER...what does the company have to show for the 'projects in progress'? FOURTEEN YEARS of ZERO production and, again, as far as can be determined by the common share holder, NO PRODUCTION has occurred at the Claims Site nor is there operational production equipment and qualified mining crews evident at the location.
The Pershing Resources Press Releases also reference the NEW ENTERPRISE PROJECT located near Kingman, Arizona. At one time several years ago, Pershing Resources announced plans for the construction of a Mill and additional equipment at a facility near Kingman, Arizona (see 6/30/2015 company press Release). The ENTERPRISE PROJECT was actually high-lighted and favored over the Marco Project...which had been around for many years prior, with nothing to show for it. The NEW ENTERPRISE CLAIM BLOCK was, according to the Pershing Resources Press Release acquired in 2015. The second Claim Block, MOHAVE-STANDARD CLAIM BLOCK was staked in 2016. these two Claim Blocks constitute the NEW ENTERPRISE PROJECT.
The company also has the GOLD LAKE PROJECT. This is comprised of 2 claims over a VERY small area of 40 acres near Kingman, Arizona. There has not been any information about this claim for many many months.
There has been no Press Release from the corporate office since August 13, 2018. Once upon a time, the Corporation had told the shareholders that it would keep them informed in a timely manner. ZIP, ZERO, NADA has been heard from the corporate office for THREE MONTHS.
What does this all mean? An investor must conduct his/her due diligence to determine the viability of a company. Based upon TWENTY PLUS YEARS of its existence, the recent share price has remained at or below the share price of MANY years ago. The company has yet to produce anything except WORDS. The company has not kept shareholders informed for the past three months and has issued ONLY eight Press Release for the entirety of 2018...three of those Press Releases occurred in March.
The company has produced nothing, is not currently producing anything, and in a prior Press Release from several months past, indicated that 'something' MAY occur in another 5 years. Given the fact that the company will have been in existence for approximately 27 years by then AND NOT PRODUCED anything of value while continuously selling/trading shares, the investor must make his/her own decision about share purchase. Will you be happy in another 4 or 5 years IF the share price remains at the current level? Are you willing to wait another 4 or 5 years for 'studies' to finish that will determine if mining is viable/feasible (see Press Releases for clarification)? Can your money be better spent elsewhere? These are all questions that a competent investor would ask PRIOR TO spending even a tiny amount such as $0.025/share. Current inflation would eat that amount up in a year; no telling what 4 or 5 years will bring. DUE DILIGENCE!
ACTIONS AND RESULTS!!! NO MORE BS!!!!
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