Vista Gold: Ready for the Middle Tier - Thomas Tan

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Vista Gold: Ready for the Middle Tier
Aug 07, 2008 08:44 PM UTC

Thomas Tan

Return	Risk
+6.32%	HIGH

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Symbol	Sentiment	Start	Return	Closed
VGZ		08/07/08	-2.96%	--

Via Long Investment Ideas from Seeking Alpha:

I have owned shares of Vista Gold (VGZ) since September 18, 2007, purchased at $4.75. Like many another junior mining company, it shot up to $8 in early November last year, then has slowly dripped down to the current $3.50 level in the last 8 months. What's interesting is, two years ago, Vista was actually traded at over $13 (pre-spinoff of Allied Nevada Gold Corp) at one point while gold was still around $600. But now that gold is 50% higher, Vista has lost almost 75% of its peak market capÂ in last the 2 years.

The CFO of Vista Gold, Greg Marlier, was in New York City for a lunch discussion on July 30. Among the things I learned:

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