Replies to post #516 on Pershing Gold Corp fka PGLC

[Steuvin]

In my opinion, this will remain quite weak until CRGC distributes its PGLC stock and the selling of the distributed shares wanes.

In effect, there are 76 million PGLC shares that have been locked-up (holders of CRGC shares have felt they couldn't sell because of the huge discount to the value of PGLC shares they will get, based on PGLC market price.)

Nobody is willing to pony up until that distribution is made, realizing that all those "new" shares are a huge overhang.

This is a very long term investment. I don't blame a person for getting out now. On the other hand, I believe that those with a long horizon will do very, very well. Frost is a long term investor, IMO.