Miranda Gold Corp. was recently covered in the April 2006 issue of Doug Casey's International Speculator.
Miranda Gold
(V.MAD, OTC.MRDDF, Frankfurt:MRG, www.mirandagold.com)
BUY — To make a long story short (for details, follow MIRANDAGOLD ‘BEST BUY’ the link below to see our IS V.MAD, OTC.MRDDF, Frankfurt:MRG, ww.mirandagold.com write-up and the news commentary), Miranda is probably the most reasonably priced and active Cortez Trend explorer we’re following.
The price has already corrected from its peak over C$2 last January, and the company has a very busy season ahead of it, both conducting its own exploration and seeing work done by several major JV partners. These include: Agnico-Eagle, BPV and CONO projects; Newcrest Resources, Redlich project; Barrick, Horse Mountain property and Red Hill project; Newmont, Red Canyon property; Golden Aria, Coal Canyon property; the Cortez Joint Venture at Fuse East; and Buckhorn Venture at Fuse West.
On top of all this, Miranda was one of the early birds on the Cortez Trend, so its properties are among the best prospects in the area. The company also has a top-notch technical crew. Consequently, if McEwen and U.S. Gold were to go shopping again after the current mergers are completed, we’d guess that Miranda would top the short list of possible acquisitions. Independently of this, Miranda remains one of the hottest speculations on the Cortez Trend—definitely worth a shot if you are a new subscriber.
However, we don’t expect any spectacular news in the coming days, and the share price has shown some weakness. That may be due to the exercise and subsequent sale of a couple of million relatively cheap warrants. If so, that could keep the buying opportunity going for a couple of weeks. So we’d recommend trying a low bid first; if that doesn’t work, try to buy at market (with maybe a 5% limit on the order). Miranda should work out fine, but if you take your time and buy smart, your gains will be that much greater. (Or your losses will be that much less—a possibility speculators should always keep in mind.)
Original Write Up: www.caseyresearch.com/displayArchiveArticle.php?id=74.
News & Analysis: www.caseyresearch.com/stocks.php#80. |
