Pershing Gold could be an attractive takeover target
Pershing Gold (NASDAQ: PGLC), the Lakewood, Colorado-based metals miner, could be an attractive takeover target, according to an industry source cited in the Energy Report.
The report, published in a Q&A format with trade journal Gold Stock Trades Editor Jeb Handwerger, cited him as saying that Pershing Gold could be attractive to a major mining company because it has high-grade and "robust" projects, is drilling at what he called a "record pace" and is fast-tracking a project in Nevada, a mining region that hasn't been heavily explored due to the American dollar's strength.
He was also cited as saying the company is well-positioned for an emerging bull market.
Energy Report