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Vista Gold Corp. (VGZ)

NYSE American - NYSE American Delayed Price. Currency in USD
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1.0400+0.0100 (+0.97%)
At close: 3:48PM EDT
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  • s
    stocktargetadvisor
    $VGZ
    Maintains HC Wainwright Buy USD 2.5 » USD 3.25
  • t
    theubiquitousman
    I sold all my shares at $1.30 and $1.31. I don't think this mgt. can ever move Mt. Todd into production. In my opinion there are much better opportunities for major appreciation in sector. Check out JGLDF and MRQRF for example.
  • D
    D
    This has been a fun trading stock for me. Its like a rented girlfriend that yo can ditch when you've had enough fun. I just buy it on the dips and sell it when I'm up 20 - 50%.
    Wash, Rinse, Repeat...
    Hopefully I'll be in it when it gets taken out... That will be a good day!
    Bullish
  • t
    theubiquitousman
    5 million ounce deposit. Friendly jurisdiction. Good infrastructure in place. Gold flirting with $2000 an ounce. And guess what....NOBODY SEEMS TO CARE!
  • T
    Trond
    Last October they mentioned: "As indicated, we submitted the Mt Todd mine management plan, which is the equivalent of a mine operating permit here in North America to the Northern Territory Department of Mines in November of 2018, and the review is ongoing. We expect to receive authorization of the mine management plan later this year or early next year. Once approved, Vista will hold all the major permits for the Mt Todd project."
    Then last May they mentioned they had 'spoon fed' the division of mines on difficult technicalities:
    "We continue to work with the Northern Territory division of mines on the approval of the Mt Todd project mine management plan, which is equivalent of a mine operating permit in North America. Earlier this year, we hosted 2 workshops with the division to assist them with understanding some of the more technical information included in our mine management plan. We believe the workshops were helpful and expect to receive authorization of the mine management plan in the coming months."
    So barring any last-minute problems the permit ought to be imminent.
  • T
    Tom
    In 2016 management proclaimed a new milling technique
    made Mt Todd profitable when gold was at $1200/oz.
    Share price surged to $2 when same management
    did a dilutive share price offering at $1.40. The stock has
    never recovered to 2016 highs inspite of gold reaching
    $2000/oz. Why should anyone trust the self serving sluggos
    who overpay themselves while endlessly teasing Mt Todd ?
  • C
    CherkOn
    The fact that Warren Buffett and Charlie Munger have a history of trashing gold, but have recently bought 20.9 million shares of Barrick Gold tells you something about the future of gold prices!
    https://finance.yahoo.com/news/warren-buffett-berkshire-hathaway-buys-barrick-gold-in-q2-120617572.html
  • A
    Anti
    From Stocktwits; Thanks, Trevor:

    ..Email to investor relations- With gold pushing 2100 an ounce have timelines moved up? I imagine possible partnerships have been banging on Vista's door? Thanks for any update. Trevor
    Response... Trevor, Finding a strategic partner for the development of (MT TODD) remains our priority and we continue to have discussions with interested parties. We do not have any public information to share at this time, but will do so when appropriate. Please do not hesitate to contact me should you have additional questions. Thank you. Pamela A. Solly
  • C
    CherkOn
    The independent Feasibility Study for VGZ's 100% owned Mt Todd Gold Project came to the following conclusion:
    'After-tax NPV5% of $823 million and IRR of 23.4% at a $1,350 per ounce gold price and a $0.70=A$1.00 exchange rate (the 'Base Case');
    After-tax NPV5% of $1.15 billion and IRR of 30.3% at current prices and exchange rates ($1,500 per ounce gold and $0.685=A$1.00 exchange rate);'

    Based on those numbers, $1,800/oz gold price would mean an after-tax NPV5% of $1.8 billion; $1,900/oz would result in an after-tax NPV5% of over $2 billion. Keep in mind that Goldman Sachs has a $2,000/oz forecast for gold price, while Bank of America Merrill Lynch has an even higher forecast of $3,000/oz.
    Feel free to help me check the math on the above.

    In terms of their finances/liquidity:

    VGZ received $1.5 million from Prime Mining Corp. this month, and expects another $2.1 million ($1.1 million within 6 months, plus an additional $1.0 million with 12 months)

    VGZ also received $2.4 million from PT Masmindo back in May 2020, and could get another $2.5 million by April 30, 2021.

    On top of that, "As of March 31, 2020, the Company held 6.2 million common shares of Midas Gold Corp". Those shares have increased in value by more than 50% since last week due to the increase in Midas's share price.
  • N
    N
    POSITIVE from Earn(est) Report- The CEO actually stated that he was looking for Development Partners!! If we can just get that deal done. Do you think stock will move up or down from here? Any factors that could influence that? What could the CEO do to improve share price, other than a deal to develop mine?
  • B
    BigTroy
    Any updates from the mining conference? This stock is on a steady downward trend. Very discouraging considering the potential MT. Todd seems to have.
  • C
    CherkOn
    I think Gold price will move in the year 2020 to 2022 like it did between 2009 to 2011. We're just starting from a higher point. The reasons for the move are very similar, except this time around, the upward trend might go even beyond 2022 as the stimulus required / money printing necessary to get the economy back to normal is even greater than the last time.
  • L
    Levy
    Updated testing results expected in 4 weeks. CEO gave presentation expecting favorable results. Feasibility study to follow 1 to 2 months later. CEO indicated they will be aggressively pursuing a partner.
  • 3
    3800ft
    Here's Vista Gold Corp.'s presentation at the Denver Gold Forum Sept. 2019. This is a great summary for those interested in the current happenings. Low share structure, great location, great jurisdiction. Very, very likely a major entity will buy them out. It is pretty much their business plan. They have a great game plan imo and this will catch a lot of folks off guard when it happens. I'm in @ .47 but I just don't see it going there again. I've ridden it up to over a dollar recently and @ today's price of .73 I still think this is quite a bargain. Some of the recent price target estimates I've seen are anywhere from 2.50 - 3.50. GLTA http://www.denvergold.org/company-webcast/xpl19/143/
    Bullish
  • A
    Anti
    Anyone remember this PR?

    Vista Gold Corp. Receives Commonwealth Environmental Permit for the Mt Todd Gold Project

    DENVER, Jan. 22, 2018 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE American: VGZ) ("Vista" or the "Company") is pleased to announce that the "authorization of a controlled activity" at the Mt Todd gold project ("Mt Todd") as required under the Australian Environmental Protection and Biodiversity Conservation Act of 1999 ("EPBC"), as it relates to the Gouldian Finch, has been approved by the Australian Commonwealth Department of Environment and Energy.
    Vista's President and CEO, Mr. Frederick H. Earnest commented, "The EPBC authorization is a watershed event for the Company.  With this authorization, Vista has all the major environmental approvals necessary to allow development of Mt Todd. We also plan to announce the results of an updated Preliminary Feasibility Study ("PFS") for the Mt Todd project shortly.  We expect that the results of the new PFS, together with the environmental authorization, will position us to unlock what we expect to be the significant value of Mt Todd."  
  • n
    nguyen365
    One of these days, the stock will triple after news of buyout. These professionals know that and they are working for some buyers to accumulate cheap shares by driving it down whenever they have thin volume. Sometimes they lose when there are overwhelming buyers. Most of the time they win because they have all the time in the world to watch the stock and put in sell order to drive it down. It’s been going on for a long time
  • C
    Carl
    Volume extremely high. Can it be just because of gold's surge?
    Or is it due to a paid service promoting?
    Or is there news a brewing?

    If Vista is to get a partner, who are the most likely suitors that are familiar with Australia?

    Looking for opinions.
  • A
    Anti
    Environmental permit received, updated feasibly study and rising gold price should propel this back over $2. I'm guessing buyout within 12 - 18 months of over $5. GLTA.
  • L
    Levy
    Gold is within 0.5% of its all time high in Australian dollars, and has been above $1800 AUD since Christmas. The last time gold was above $1800 AUD, VGZ was between 1.66 and 2.02 (this happened in 2016). VGZ is due for a >+100% price correction, IMHO.
  • C
    CherkOn
    Just because they haven't inked a deal with a partner for Mt. Todd YET, doesn't mean there's no interest. Of course there are interests. It's just a matter of agreeing on a price for the deal. Given the recent rise in gold and the potential to go much higher within the next 18 months depending on whether you believe in Goldman Sachs'
    $2,000/oz or Bank of America Merrill Lynch's 3,000/oz forecast, negotiations might take a bit longer to agree on a price especially with travel restrictions due to COVID-19.