DESCRIPTION: To achieve its goal of becoming a gold producer, Vista is focused on the development of the Paredones Amarillos gold project in Baja California Sur, Mexico and the Mt. Todd gold project in Northern Territory, Australia. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia and the Long Valley gold project in California. For more information about Vista's projects, including technical studies and resource estimates, please visit their website.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Vista Gold traded in a range yesterday that spanned from a low of $2.15 to a high of $2.28. Yesterday's high of the day pierced the three-day high of $1.99 on volume of 437,000 shares.
Shares of Vista Gold have been rangebound for the past three days between a high of $1.99 and a low of $1.80 and have traded with a 30-day average daily volume of 450,000 shares.
Look for shares of VGZ to trade within a new higher trading range with support at $1.99 and move along with its peers. SmarTrend is bullish on shares of Vista Gold and our subscribers were alerted to buy on August 16, 2010 at $1.62. The stock has risen 39.5% since the alert was issued."
Dennis Askew, Small Cap Network (08/26/10)
"We have Vista Gold currently trading in the $2.31 range on a three-month average daily trading volume of 412,697 shares. VGZ has a 52-week high of $3.38 set on 12/2/09. . .Last week VGZ announced the estimated proven and probable mineral reserves of 2 Moz. and the positive results of a PFS for the Batman deposit at the company's wholly owned Mt. Todd gold project in Northern Territory, Australia. The PFS was managed by TetraTech of Golden, Colorado, which also undertook the resource modeling and estimation, geotechnical, environmental and site reclamation engineering and design.
Earlier this month, VGZ reported its latest numbers. The company had a consolidated net loss for the three-month period ended June 30, 2010, of $4.2M or $0.09/share compared to consolidated net earnings of $3.9M or $0.11/share for the same period in 2009. You'll see the resource modeling to be very promising. At $1+ off its 52-week high, VGZ would also be a buy-on-the-dips consideration for me."
Sean Mason, Stockhouse (08/19/10)
"Vista Gold shares climbed 15% to $1.98 on Thursday after the micro-cap miner reported estimated proven and probable mineral reserves of 2 Moz., as well as the results of a Preliminary Feasibility Study for the Batman deposit at the its wholly owned Mt. Todd gold project in Northern Territory, Australia."
Adrian Day, Adrian Day's Global Analyst
(08/19/10)
"Vista Gold released the preliminary feasibility on the Batman deposit at its Mt. Todd project in Australia. The study showed a profitable operation even using the three-year average gold price of $950, with base case reserves of 2 Moz. and costs of $487/oz., for a net present value of over $200M. That is more than twice Vista's total market cap ($89 million), even after the sharp rally in the stock price from under $1.40 for half of July and August to $1.91 on today's close."
Adrian Day, Adrian Day's Global Analyst
(08/10/10)
"Vista's stock price has been particularly weak recently, declining from nearly $2.50/share just three months ago to just over half that level. There have been fundamental and market reasons: gold's decline from June highs; ongoing delays in permitting for its Paredones Amarillos; a hedge fund selling of shares received in a debt redemption; and discussion of a resource tax in Australia all hurt.
Add to that some investor fatigue. Selling begets more selling. The selling is now overdone. Since hitting its low of $1.30 at the end of last month, Vista has been slowly moving back up. . .With nearly $30M cash and a resource (including inferred) of 17 Moz., Vista, with a current market cap of $63M, is clearly undervalued. It will only take some good news to get the stock moving back up."
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