Vista Gold Corp (VGZ)

[Lurch16]

Just some observations.

The price of Gold Rules, everything else Drools.

Why gold goes up and down is a whole other topic.

Add rising gold prices to a perceived notion that Mining will commence or is in progress and you have a killer combo.

Vista is a Rock-Solid Gold Company. I don't know how they did it, except with excellent management, but they have been an ongoing business for a long time.

They had 2 splits.

The first was a reverse split and the second a forward type split upon forming a new company, as they were about to commence mining.

Their idea of a reverse split was 1 for 20. That was many, many year ago.

Vista is literally sitting on a mountain of gold, the Mt Todd Project. They are waiting for 2 concurrent things to happen.

1. Sustained high Gold prices
2. Permitting to start digging.


So it's going to be a while. You only get one shot at mining the gold, so they want the highest gold prices possible.

When those 2 situations come together, Look out Momma".

I'm not in this for a couple bucks increase in share price.

Good luck folks.