Raising Capital In A Tough Junior Gold Mining Market

Miranda Gold (MAD.V) has a strong and experienced geological team in Nevada and Colombia and wisely sensing tough times ahead in the junior market raised capital back in the end of 2012. Miranda 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.

Disclosure: Author and Interviewer is a shareholder and Miranda is a sponsor of my free website and newsletter.