Post by
drillcorejunkie on Feb 19, 2021 11:30am
Maybe Outcrop should put "Silver" in its name?
Silver stocks are on a tear recently and no surprise since so is silver and there are few companies in the silver space. Yet the Outcrop Gold share price languishes as though they were a junior gold explorer with some underwhelming drill results. I'm starting to think that the problem here might be that the word "Silver" isn't in the company's name and investors looking for silver plays don't realize what it's digging up. I mean, who has the time to comb through the hundreds of gold juniors out there? Ok, silver gets weathered out of outcrops so the name is accurate but it doesn't exactly help promote the Ag kilos per ton that the company is poking a drill bit into on a regular basis.
On a side note, I notice the Midas Gold share price has jumped over 20% in the 2 days following its name change to Perpetua Resources (and a legal dispute went into arbitration just before the name change, so that might have helped). But Perpetua Resources does have a kind of sexy, long term, we're-serious-mining-dudes ring about it (I always throught the "Midas" name was beyond corny). What's in a name? In the age of the retail investor's ascendence, maybe a lot.
Comment by
CountOfMeltedCrisco on Mar 08, 2021 4:16pm
And most mining CEOs have no clue how important not only their stock's name but its trading symbol can be in this age of milli-second attention spans. Outcrop "gets it"; they just changed their U.S. trading symbol to "OCGSF" from the oh-so-forgettable symbol before it.