Vista Gold Corp. (VGZ)
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VGZ Forum Topics
- All Comments on VGZ
- General Discussion on VGZ
- Vista Gold: Ready for the Middle Tier [view article]
- Chart: Gold Stocks - Annual Revenue Growth [view article]
- Bob Moriarty: Gold is Safe Haven for Looming Crash [view article]
- Ron Paul's Investment Portfolio [view article]
- Kelly: Some Portfolio Changes [view article]
- Switching to Value and Cutting Exposure to the Inflation Trade [view article]
- Kelly: A Few Portfolio Moves [view article]
- Undervalued Vista Gold May Present a Buying Opportunity [view article]
- Kelly: Selling Half of VGZ [view article]
- Selling Long Positions, Going Short and Buying Gold [view article]
- Vista Gold: Enormous Option Value [view article]
loading ...Recent VGZ Articles
- Bob Moriarty: Gold is Safe Haven for Looming Crash
- Chart: Gold Stocks - Annual Revenue Growth
- Chart: Gold Stocks - Gross Profit Margins
- Chart: Gold Stocks - SG&A Margin (MRQ)
- Chart: Gold Stocks - Normalized Net Profit Margins
- Chart: Gold Stocks - Revenue Per Employee
- Chart: Gold Stocks - Net Income Per Employee
- Vista Gold: Ready for the Middle Tier
- Ron Paul's Investment Portfolio
- Switching to Value and Cutting Exposure to the Inflation Trade
- Full List of Articles »
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Vista Gold: Ready for the Middle Tier [view article]
Jim Puplava has been buying a lot of Vista lately, thats a good sign. ReplyChart: Gold Stocks - Annual Revenue Growth [view article]
This information has dust on it ReplyBob Moriarty: Gold is Safe Haven for Looming Crash [view article]
As Thomas Paine said" These are the times that try men's souls".Physical possession of one's needs for life are allways a smart moves. Most people believe in 3 fallacies:1. I will allways be healthy
2. I will allways have this job or a better paying one
3. Someone else is looking out for my financial well being Reply
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Bob Moriarty: Gold is Safe Haven for Looming Crash [view article]
Demand for gold will NOT go down due to a recession/depression. If companies start to go under, p/e ratios get too out of wack, or the fiat currencies of the world go into a downward spiral, investors will pull out of stocks and bonds. The question then becomes, where do the investors turn to invest? I say that they will go where they know that they won't totally lose their ass, which means hard PHYSICAL assets.I have to say this about the dollar because I haven't read hardly anything about this anywhere.... Congress usually tries to pass twelve appropriations bills every year. They often fail to do this, but they always pass at least a couple. After all, that is how government programs are funded. BUT THIS YEAR, none have been passed because the jackass we call our president has promised to veto any bill over $930 billion (Bush is so thrifty). The retarded Dems want to spend even more than that, and because they control Congress now, they are just going to wait for a Democratic president or enough votes to overide a veto. THE POINT HERE is that BIG BIG BIG government spending is likely in store for the U.S., which will lead to massive inflation. Good luck with your dollar related assets when this happens.
I recommend diversifying your portfolio. Buy guns, ammo, food, silver (OMG is it cheap now or what?), and beer. Reply
Vista Gold: Ready for the Middle Tier [view article]
Thomas, I appreciate you replying to the comments but I think with respect that you haven't grasped the nature of Vista's business model. The company built its portfolio of projects by picking up cheap gold properties that were marginal at lower gold prices, reasoning that when gold shot up their projects would become robustly economic. That was not a silly line of reasoning but it hasn't worked out. If anything, this is a much tougher operating environment for gold producers than when gold was at $500. It sounds bizarre but it is plainly true. The problem is not just the price of oil, but also the rise in steel prices and perhaps most importantly major shortages of qualified labour. There are a great many quality gold companies out there, which offer great value and leverage to the price of gold. Vista's strategy is extremely high risk, alas, because the prospects for gold to outpace operating and capital costs - at least by enough to transform the economics of their projects and underpin debt financing etc. - are not good.Incidentally, the comparison of Aurelian to Vista is crazy and confirms, I fear, that you haven't grasped the nature of Vista's projects or the cost problems they face. Yes, Vista may have the same number of ounces in the ground as Aurelian, but this is split across several projects, most of which are low-grade and face particular processing difficulties. Aurelian by contrast has a single extremely high-grade and enormous gold deposit, with plenty of expansion potential. Kinross is getting a bargain because of political risk (overstated in my view) but Aurelian's project is amongst the very best - most economic, most promising for expansion - in the world. All ounces in the ground are not equal and Aurelian's, political risk aside (which explains the price), the best there are. You absolutely should not use the price they receive to value Vista's set of projects. Reply
Bob Moriarty: Gold is Safe Haven for Looming Crash [view article]
Hey Blochie, lighten up on CJWirth. I don't know or pretend to know what is going to happen. I do know that I would rather own some gold than not to own some gold. Having lived through a hurricane, and listening to my 94 year old grandmother tell me about the Great Depression, I also believe that it truly pays to prepare for the worst, and hope for the best. Preparing for the worst includes having enough gold and dollars in reserve for each member of your family. I also know that having water and food on hand is a must, as well as a generator for emergencies. Do not scoff at nor disregard other peoples input, you should simply take anything you can from their input because it may help you at some point. I am in sales, and I talk to many people over the course of a day. I can tell you that the "hair on the back of the neck" is standing up for a number of people even before the sub-prime mess. Most intelligent people agree that the numerous problems that we have are leading us down a path of self-destruction. I too am optimistic that people will wake up and begin to work towards solutions so that our children will not have to deal with these messes. To fix these problems will require input from many people, and also it will take people to add to and build on other peoples ideas. New Orleans should have taught everyone to prepare and not wait for the government to save you. Last time I looked, the government has not radically changed the way that it does business, so I am not believing that gold is not a viable hedge against dollar depreciation. I do agree with you that diversity in your investments is very wise. I also agree that when the herd mentality seems to be driving people to the cities...one should be a contrarian! ReplyBob Moriarty: Gold is Safe Haven for Looming Crash [view article]
No MSM on bank & credit unions failures last Friday,but 82 yr old man jumped to his death over his Fed closer! Gov web sites are putting out less info, as more SHTF, also to much Geopolictical, but less coverage, China has that covered up! Time to relax & fact find! Banking Cartels are as active in the markets as ever ! Inflation is gaining,as jobs are disapearing. ReplyBob Moriarty: Gold is Safe Haven for Looming Crash [view article]
You would probably be a fool not to buy gold right now. With regard to technicals -- look at the MACD and ultimate oscillator of GLD. The on balance volume (OBV) is not at a 1-year low, however, (probably because you will never see gold at extreme oversold levels). For fundamentals, you really don't have to do any homework. As an alternative, if you start playing the S&P500- or DJIA-associated equities, or BRIC-type plays, you will likely get burned. ReplyBob Moriarty: Gold is Safe Haven for Looming Crash [view article]
About this section..."I was in Tanzania recently, and I walked into a bank, and I wanted to convert about $3,000 into shillings because I was going out into the field, and I needed to pay some miners. They handed about two-thirds of my money back to me, and they told me they wouldn’t exchange it because the bills were made prior to 2000. "
It's not because of the value of the American Dollar that they would not trade in the bills printed before 2000, but because of all the counterfit bills based on those printed paper money representations.
Anyone who's traveled to Africa "Knows" to only take new bills with you if you're bringing Cash. My daughter teaches in central Africa in the summer and even she knows to only bring bills printed in the last few years when she get's her emergency money from the bank for the trip.
It's not the value of American money, it's the risk of having some of it being Counterfit. Most any travel site will tell you that before you head off to Europe, Africa, the Orient or the Middle East.
That said... I do have shares in GLD and SLW.
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Bob Moriarty: Gold is Safe Haven for Looming Crash [view article]
On earth the only sure thing is death. Money and liquidity in the hands of central banks, I do believe, dissapear with time.For 40 years I have believed in and preferred gold and silver, nevertheless you can lose "money", value in these two instruments,but you will never be bereft all value. Reply
Bob Moriarty: Gold is Safe Haven for Looming Crash [view article]
Given all the gold detractors that still appear to dispense their "can't eat Gold" wisdom in these forums, I'd say the bull market in the Midas metal has a ways to go. Well, guess what, you CAN eat gold (as many a Vietnamese or Cambodian refuge found out the hard way when they had to literally eat their entire wealth--I'm talking about gold jewelry--in order to hide it as they fled their countries in rickety boats launched into the ocean). ReplyBob Moriarty: Gold is Safe Haven for Looming Crash [view article]
The doomsday scenario of the first poster "cjwirth" gave me a good chuckle. He claims "The bubble of gold investment will burst as soon as the price drops and people realize that the price of gold can fluctuate greatly.Hey CJ? EVERYONE who owns gold ALREADY KNOWS the price of gold fluctuates greatly. The statement "gold has little intrinsic value" isn't going to find agreement anywhere. And to claim that the US highway system is about to completely fail and shut down is, well.. I've wasted enough time on this already. Buy and hold some gold and silver and of course diversify your investments in other areas (like energy and alternative energy) as well. Reply
Bob Moriarty: Gold is Safe Haven for Looming Crash [view article]
You can't eat gold. If you want a hedge against economic collapse the survivalists have it right.BUT all this talk is nonsense. We are already seeing higher energy costs bring massive reserves like Canada's oil sands into production. People talk about the inelasticity of oil demand but COMPLETELY ignore the elastic nature of fossil fuel reserves.
There is enough petrocarbon in the ground in North America to supply US energy consumption at current rates for at least 3000 years. You just won't get it for $1 gal equivalent.
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Vista Gold: Ready for the Middle Tier [view article]
Thank you all for the comments.LarryH, my analysis includes production cost per oz as indicated in the article. Jimmy46, I don’t think it is the case here for Vista.
Clavis, I don’t know much about Aurelian but since you mentioned it, I looked it up quickly at the web. It seems that Aurelian has 13.7m gold inferred resources at Ecuador. This is actually comparable to Vista which has 10.3m M&I, and another 3.9m inferred gold resources in 6 separate projects but in more geopolitical safer countries.
So if KGC feels comfortable to pay $1 billion for Aurelian, Vista should be worth the same too, if not more. Another way to look at it is that KGC pays roughly $60-70/oz (?) of gold in the ground for Aurelian, but based on my analysis above, Vista is now only traded at < $15/oz.
Bill sanders, I agree with your point on proxies. Bobjou, most of the companies I follow have production or near production, including Vista which is also at the verge of production.
Utiwiq and others raised the cost issue which is always my concern too, and probably the reason why the whole sector is currently depressed. But if energy cost stays at this level, and gold bull market returns to life and goes over $1,000 again, higher production cost will be offset by higher gold price.
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Bob Moriarty: Gold is Safe Haven for Looming Crash [view article]
The Yin and the Yang --- you need both sides of the extreme to produce the tension that makes the entire system work. Hey.... let's talk Elliott Wave Theory. Are we 5 legs up and 3 legs down or was it the other way around ?? Reply