Pershing Gold Corp fka PGLC

[Talldude]

VOCAL.LONG.posts.change.of.mind.Confesses.selling.50%.PGLC.Advises.others.to.Hold. QUOTE:

goldmukwah • 13 hours ago

0 users liked this posts users disliked this posts 0
Reply

I have recently returned from a long trip to Geneva and Ontario and have some info

I have sold about half my shares over the last few months ( six digits in US dollars) but not because this is a bad company but because gold is lousy ( with the manipulation which is real), counterfiting and the present sentiment of the metal and miners. My understanding is that gold will not be released from "their clutches" till 2017 which is bad news for us all. I have used PGLC principle and profits ( 0.29) proceeds to invest in other explorers and miners for the time being (next couple years) mostly in the Abitibi belt of Ontario. I still maintain a large position (which will be increased in the future if all goes according to plan ( I have confidence in management, major investors, and most of all the lands) after all is said and done "Peter Prengle's lost ledge" is on Pershings claim and the seam zone lays horizontally beneath Relief Canyon only to be revealed and exploited in the future. I have known this to be true as the ledge, long covered by talus and recently exposed (third attempt) by a private hiking and camping geology team trip in the Humbolt Range brings back rich ores. I am pouring in to (.................deleted bc off topic) with my proceeds for now. I LOVE GOLD EXPLORERS AND MINERS and I am convinced gold prices will recover in the future in a big way but not in the near future. I am still heavily invested in Nevada gold explorers/producers and will continue as there is no place like home to invest in, I am glad to be home for my kids graduations and have grown weary,not of Geneva, but of mining and fish camps (excellent fishing by the way) for which I would like to thank my northern brothers for their intel and hospitality. You are welcome in my camp as always and as many as will come. I hold now.

Sentiment: Hold


----------------
goldmukwah • 11 hours ago

0 users liked this posts users disliked this posts 0
Reply

To my PGLC long brothers don't despair this is a good domestic company with a great future that will stand the test of time ( painted tape to insure stability and value of investment) and will become a good gold producer when gold recovers ( resources will not be fully revealed or counted till then (fear of takeover/buyout at low gold prices prevent this) which does insure maximum investment protection, so to speak, for the mid to long term holder. Barry and Phil have a much more flexible investment timeline than most longs with a few years not meaning as much to them (with a painted tape and all) as their gold investment allocation is very sound and will be very profitable for them when gold turns around in the future. They march to a different drum and will wait. I hold with them but at half my original stake due to the opportunity cost and the time value of money (which many of you understand and appreciate) I think I can do more with my precious metal allocation proceeds in the near to mid term than those that can afford to wait. PGLC has been very good to me so far. I have owned this issue since inception and will continue to do so due to the rich land and share price stabilization but will not increase my holding until gold shows signs of accelerated recovery. Some of you are smiling widely and I smile with you. We are all brothers of the dollar and what it can do for you, given the right amount of time and planning. Any and all comments are welcome as always. It is good to be back home again ( love the Swiss and Canadians though) and am looking forward to some long awaited R+R so don't expect any quick replies. Good luck investing to all.

Sentiment: Hold