Pershing Gold Corp.'s CEO Steve Alfers Interviewed by The Gold Report
SAN FRANCISCO, CA--(Marketwired - Jul 9, 2015) - Catalysts can drive stock prices, and Pershing Gold Corp. (NASDAQ: PGLC) has had quite a few lately, including a stock split, uplisting to NASDAQ and an updated resource estimate on the Relief Canyon Mine in Nevada. And in this interview with The Gold Report, CEO Steve Alfers says there is still more to come for the near-term producer. An economic study and more resource updates are planned by the end of the year.
The Gold Report: Pershing Gold Corp. just uplisted to NASDAQ. What are the immediate and long-term benefits of that listing?
Steve Alfers: The short-term benefit is increased liquidity. The new listing, combined with recapitalization from the stock split we recently completed, will allow institutions to easily get into the stock. I'm hoping we will get new sponsorship and support.
TGR: How did the stock split help?
SA: Now we have a stock that is priced within the range that a share must trade in order to be eligible for a listing on the NASDAQ. It also structures shareholdings so we can still have considerable volume every day and maintain an appealing price.
TGR: The share price increased when the stock split. Do you expect the same kind of bump from the listing on the NASDAQ?
SA: We have only been post-split for a week or so, and the share price has held up very well. As we begin to trade on the NASDAQ, we'll watch that closely to see how it behaves. Ultimately, the stock price will...
Continue reading this interview with Steve Alfers: Pershing Gold NASDAQ Uplist Is Part of Larger Resource Expansion and Production Push
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DISCLOSURE:
Pershing Gold Corp. paid The Gold Report to conduct, produce and distribute the interview. Steve Alfers had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Steve Alfers and not of The Gold Report or its officers.
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