Cantor Fitzgerald/Pershing Gold Corp. (PGLC/OTCQB, $0.35) Buy: Target $0.55
CANTOR FITZGERALD INITIATES COVERAGE WITH A BUY RECOMMENDATION
INVESTMENT THESIS: Pershing Gold Corp is a near-term, Nevada-based gold development company with pedigreed management that will soon re-start production at the Relief Canyon Mine.
VALUATION: We are initiating coverage on Pershing Gold Corp. with a BUY recommendation and a $0.55/share target price. Our target price reflects a 1.0× multiple to our $0.54 per share NAV valuation.
Here's some bad news. Your money is rotting while sitting in PGLC. You are better off putting the money is a savings account LOLZ. I finally sold this pig - and should have a long time ago!
I finally was scared straight when I woke up one morning, read the board, and read the exact comments people have been making for two years. New blood - same comments. As much as things change - they stay the same. Life's too short to spend it on PGLC.
Gimme a call in 5 years and tell me all about everything that's still not happening. SEEYA!