Pershing gold PGLC
by Anonymous Questions | October 17, 2014 10:51 pm
Travis do you have any info on Pershing gold[1] PGLC that would justify the continuing buying by one or two . It has now passed i5million shares in a few months. Thanks
Endnotes:
- gold: https://www.stockgumshoe.com/tag/gold/
Source URL: https://www.stockgumshoe.com/2014/10/microblog-pershing-gold-pglc/
Re: Pershing Gold PLC; Have been tracking this one for awhile and noticed the heavy insider buying. Recently I noticed a news item that Levon Silver had taken a 9.9% stake in Pershing and since I know the Mgmt. of LEVON who is sitting on a great silver project waiting for the price to rise to where it is profitable to produce, I would consider that along with additional insider buying a powerful endorsement for what is still a speculative play.
It is the type of stock that when market sentiment turns positive for precious metals could be a quick double or even triple. I simply googled “Pershing Gold News” and found lots of interesting information, including receipt of a key licence that is often a catalyst for a mining stock to advance. You can read my profile of Levon by using the search engine on the Gumshoe website to read my original profile, and YES I did buy it, and Pershing is now on my personal buy list even though I have not yet profiled it, waiting for the market to turn. Based on 3 uo days last week that may not be far away.
Thank you Martin. I thought if anyone could you could scout out something to keep eye on.
I started buying PGLC several years ago as a hedge when it was still a penny stock before NASDAQ listing and keep adding on dips. The company has great assets acquired at bankruptcy prices and has two very wealthy insider backers (Dr. Frost and Barry Honig) and no debt to speak of. The fly in the ointment is the gold price, but it seems to be flirting with a bottom. Don’t really expect it to jump any time soon but if a serious war breaks out gold could go bonkers again. I believe, given the company’s assets and backing, it has little downside risk and helps me sleep better. I can always leave it to my grandkids. Lots of info is available on “Seeking Alpha”.