Vista Gold Corp (VGZ)

[Lurch16]

Hi Folks, Welcome.

Just want to give a little helpful perspective. First, I'm holding long on VGZ. Verrrrrrry Long.

Earnings reports aren't going to have any impact other than to run the price downward. Why? Because Vista hasn't mined any gold yet. Until that happens there won't be any earnings.

But, I have no doubt they will. The permit process is moving along and they will soon have the right to get started.

Keep in mind, having a mountain of gold is one thing. Mining it at the proper time is another story. This is like working concrete. You only get one shot at it. They have to decide to start mining immediately, regardless of Gold price, or hold off, and wait for a higher price, to get the maximum value.


Meantime, Vista's share price is fueled by one thing only. The Price of Gold. Now Gold is down. Not bad, but down. A $30.00 or $100 increase in Gold price will raise Vista a little. But a jump of several hundred dollars could raise Vista several dollars, with no gold production at all.
just my own opinion.
hope this helps. GLTA