Despite this four year historic bear market in gold and junior mining equities, Pershing Gold (PGLC) raised $11.5 million. They are backed by some deep pocketed shareholders. Over 21 million shares of insider buying has occurred over the past six months. Recently on April 10th, 2015 one of the directors acquired over 7.69 million shares.
Management is hitting impressive grades and the next few weeks could be exciting as they possibly announce a better stock exchange listing, new 43-101 Resource and a Preliminary Economic Assessment. The CEO stated in the recent update,“…we anticipate increased ounces and higher grade in the updated resource estimate expected later this quarter.”
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For informational purposes only. This is not investment advice. May contain forward looking statements.
