Wed, Jul 23, 2014, 11:39 AM EDT - U.S. Markets close in 4 hrs 21 mins

Recent

% | $
Click the to save as a favorite.

Pershing Gold Corporation Message Board

goldmukwah 8 posts  |  Last Activity: Jul 6, 2014 8:11 AM Member since: Mar 12, 2013
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    buy or not

    by caseylm1 Jun 23, 2014 11:27 AM
    goldmukwah goldmukwah Jul 6, 2014 8:11 AM Flag

    Andy that parable still stands. I don't think there will be many opportunuties to buy many more shook shares in PGLC. Honig is insuring this price stability for now. There are many trees in the gold forest not subject to this "insurance" that have greater short term opportunities now. To not take the new opportunities as they are presented is a foolish choice contrary to most investment strategies. The rate of return on the reinvested funds has been over 40% in the last few months and that is nothing to shake a stick at in the current world of gold companies. We have to look for the ripe fruit as it falls, gather it up before the forest creatures get to it and never miss out on golden opportunities we are presented with. Just because I found some ripe trees doesn't mean my interest and confidence in this tree has waned. It will bear fruit again when it is in season. Many among us (given the same intel, research and timelines) would have done the same (to their financial benefit) or perhaps reinvested a greater % of their holdings than I did. Dr. Frost invests heavily in tobacco companies not because he believes in their growth or domestic usage (use and sales have increase oversees however) but for the dividends he recieves. The opportunity he sees. Every choice is a sacrifice and sometimes opportunity knocks but once so take advantage when you can. See the forest and the trees. Best regards and good investing.

    Sentiment: Hold

  • Reply to

    buy or not

    by caseylm1 Jun 23, 2014 11:27 AM
    goldmukwah goldmukwah Jun 30, 2014 6:54 PM Flag

    Hi Max, I hear what you are saying but my main concerns are the price of gold and who owns these claims. There are not many among us who could individually buy, permit, produce and exploit this rich ground so I am a "shareholder of the lands" so to speak and hold the shares in the company who owns and can do these things. You come to expect overhead costs and dilution with the explorers (their nature is to spend and raise money to uncover greater hidden wealth) and in my experience with PM explorers it is the resource that matters most with management a close second if you expect to make any money. I have confidence in both and do expect to make more money on this issue or I would have sold all shares. You can't ignore that the time for gold is not near nor that it's time will never come again. Every choice is also a sacrifice, in life and in sector allocations. Only time will tell the whole story of relief canyon resources and whoever owns the company that owns the claims will surely make money from them when gold recovers. Best regards Max and good luck.

    Sentiment: Hold

  • Reply to

    buy or not

    by caseylm1 Jun 23, 2014 11:27 AM
    goldmukwah goldmukwah Jun 30, 2014 12:48 PM Flag

    Buy or not? Doesn't matter in the near term. In the future it will. This issue is very stable now price wise and will be a bagger when gold recovers but for now there is no hurry. Yes I have sold half my position but retained a large portion also ( over 500000 shares). I wanted to put the cash to better use for the time being. This is rich ground which has not been fully revealed as of yet and IMO is slow tracked due to the price of gold and fears of a buyout. If the company is bought out I will invest in the buyer as it is the land I am most interested in. Peter Prengle's lost ledge sloping down from the Humboldt range under the relief canyon will be revealed and Frost/ Honig want to own the company that reveals it. I sold shares for new opportunity not because of fear or uncertainty. I would have shed them all if that was the case. I am certain a PEA will be delivered after more of the resource is explored and counted and added in. It is as simple as that and the price of gold is the true timing factor to create urgency. The major holders (have no urgency as their timeline is very different than most of us) have patience and will not risk their future profits by a hasty unplanned economic assessment in gold's difficult times. They do not hurry so why should you. Buy or not? Take your time for now but be in it when the gold boat floats in. That will pay you as it pays them. GLTA

    Sentiment: Hold

  • Reply to

    buy or not

    by caseylm1 Jun 23, 2014 11:27 AM
    goldmukwah goldmukwah Jun 30, 2014 11:52 AM Flag

    Faller, reading is fundamental. Read more carefully so you understand better. Gold is lousy now and that is my main reason for selling part of my position. I still own over a half a million shares of PGLC and may buy more when it pops ( not sell off as you say). I would have sold it all if I thought it was a dead horse or ready for the grave (this stock has been good to me profit wise and will be again as gold recovers) as I have full faith in management and Honig "engineering" but was never a big fan of reverse splits as you state. Reading is fundamental. GOLD IS LOUSY NOW but will recover in a few years in a big way. Any investor who does not periodically review his holdings and sector allocations is simply a fool. It will hurt in the long run. You may be too stubborn and angry to do so (you hate this company but refuse to sell it) so what is up with that? Love misery and want company? Not going to find it here fallguy. This is rich land and the main reason I bought in and retain a strong position in a small explorer. Yes I took a bigger position in some of my faster ponies as most would do (not you of course as your axe is not fully ground yet). You make a fascinating case study in any event. Not just my opinion. Read more carefully for a better future. P.S. If you ever do find a stock you love and think is a wise investment (we have plenty of time to wait) post it and show your other side (if you can find it anymore). Good luck shedding your fears as you search through the darkness of your mind. I mean it.

    Sentiment: Hold

  • goldmukwah goldmukwah Jun 19, 2014 12:17 PM Flag

    The law firm needs shareholders with losses, I don't know of any. They need people who are damaged, like you tall, people who fall down, again like you.Your name says it all. Bottom line: your paranoia never ceases to amaze me.

    Sentiment: Hold

  • goldmukwah goldmukwah Jun 18, 2014 12:29 AM Flag

    What is so funny Fallguy? No posts were yanked only your chain. I am pretty sure I made more from my proceeds of selling about 50% of my PGLC holdings than your total lifetime precious metal allocation investment ever paid you. Glad to give you a chuckle but I am laughing all the way to the bank. PGLC has been very good to me and will "give" again in the future. Just hold on to your crusty old "restricted" shares you refuse to sell due to your so called high cost of releasing them ($35 telephone transaction from back office of your broker)(cheap maybe?) which you continuously protest about and subsequently can't afford and those crusty old "restricted" shares will pay you someday but you will never be satisfied. Nor will you be happy as that is not in your nature. The simple fact that my post (that was never yanked as you like to lie about as always) is one of the funniest things you have read in over a year speaks volumes as to your sense of humor and richness of your life experience. Glad to help you experience some joy as you badly need that therapy and much more therapy I think. Good luck and go long on the therapy.

    Sentiment: Hold

  • goldmukwah goldmukwah Jun 17, 2014 11:37 PM Flag

    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

  • 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 Argonaut (12.5 million oz. resources at $700 cost per oz.), (Timmins Gold Sprott backed at all in cost of $900 oz.) and (Detour Gold a good new producer with a cheap, cheap power deal for the next seven years (and maybe beyond) experiencing organic growth with a $1 oz. discovery cost) 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

PGLC
0.342-0.003(-0.84%)11:17 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.