Pershing Gold Corp fka PGLC

[Talldude]

Northern Miner (5.29) article exaults lawyer Alfers. Pay to Peek as a subscriber ($114+ annual subscription for weekly publication option) Allegedly, "1 FREE peek a week" reading option is said to also be available. Opening sentence is a real mining speculator/confidence builder:

Steve Alfers cut his teeth as a transactions lawyer on international mining deals and as a privatisation specialist working in some of the world’s most challenging jurisdictions — from Monglia and Russia and the Ukraine to Zambia and Kosovo

Left out of the opening sentence are his street credentials as former Franco-Nevada's go-to, investment candidate examiner/gatekeeper. His acumen in this space for his highly regarded former employer, isn't exactly something to be omitted from his resume! Alfers held this examiner/gatekeeper function for over a decade for F-N if memory serves.

It is also alleged by some that F-N never once brought into actual mining production ANY of their pre-screened and subsequently participated in junior investments in this time period, regardless of who brought the ideas to F-N, at least as of this current date.
I must relegate that "minutae" to the rumor category until that allegation can be determined as to whether or not it is factual.

Alfers one moneymaker in this space mentioned in this write-up, was ever so briefly covered on this thread more than 2 years back. As I recall, it took him about 8 years before he cashed out with his considerable profits from his efforts with this particular shooting star. No one in their right mind doubts Alfers wants lightning to strike twice, to mix metaphors.

Honig certainly thinks it can and will. He's placed his considerable bets on Alfers, and is PGLC's largest shareholder by a large margin.

The stock-pump "pump" is definitely on now, but--and still-- no promised PEA is anywhere in sight. The continuously falling price of gold is an increasingly prominent depressing fact of life in this sector, reducing traction for higher share prices wanted by all investors and other longs, including reluctant longs shares, STILL trapped by the 10s of millions of REG 145 shares in this story. PGLC isn't alone in being smacked by the smackdown in gold prices.

Can the highly anticipated, "financial engineering" reverse-split (board authorized for the second time, THIS time, up to 1 for 25) be far behind now?