Outcrop Silver & Gold Corp. (OCGSF)

[Kaseymoe]

This is a repost from Raging Bull ...

http://www.dailymarkets.com/stock/2013/03/18/negative-sentiment-and-capitulation-at-pdac-could-mark-bottom-in-junior-mining-sector/

I'll have to say it's a brave attempt at whistling past the graveyard - putting a positive spin on Miranda's record over the past three years. The graph toward the bottom of the article shows the slide to a three year low in share price and no sign of firming . Only the "oversold" notation can be given a positive spin but the author tries and cites Miranda's eight million in cash as dry powder to be used in scarfing up distressed property. Miranda has no properties on a route to development and has a solid record of "dry holes" -across the hemisphere - Alaska, Nevada, Colombia.

They are much into paid PR and this is one example of a letter writer making the best of no news - there literally is no news in his piece.

I have liked Miranda - still own a small number of shares of dwindling value. Closing price Monday 3-18-2013 was 0.23. Has traded as high as 1.80 but the direction has been down since 2007. They put out informative releases and have a decent website and an engaging enough CEO - Michael Cunningham. Everything but gold.

The last financial I see (Aug 2012) shows 5 million in cash - not the 8 million cited by Jeb Handwerger. They are able to continue raising cash to keep the merry-go-round turning and I assume he's right about the 8 million - about 4 years worth of "burn".

The gist of the linked article:

Miranda Gold (MAD.V) has a strong and experienced geological team in Nevada and Colombia. Wisely sensing tough times ahead in the junior market, Miranda's management raised capital back in the end of 2012. Miranda now has about $8 million in the bank and is looking for high quality assets held by companies who are cash strapped. This may be a great opportunity for Miranda shareholders. Strategic acquisitions may build value during this painful downturn in the junior market. While the majority are looking to chase the Dow into record territory, savvy investors are looking for overlooked and under-loved assets.

This may be one of the most oversold and undervalued junior markets in many years. Stick with companies with experienced management, strong shareholders and cash like Miranda Gold. Miranda Gold is a project generator. They have 7 projects in joint venture, which allows them to conserve their treasury while others use their capital to explore the properties.

Despite a 13 year bull market in precious metals, this recent downturn has shaken out the incompetent companies operating in questionable jurisdictions. However, there will be some companies with the experience and the financial backing to actually thrive and pick up valuable assets in the best jurisdictions at bargain basement prices. Miranda Gold may be one of those companies.

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They need a bonanza discovery this year - just like they've needed it in 2012, 2011, 2011...