SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Vista Gold (VGZ)
VGZ 1.760-3.8%Nov 14 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bucky Katt who wrote (8)8/15/1997 1:18:00 PM
From: John Wetterau   of 379
 
WJ, excellent buy, IMO. I have been wondering where the selling has come from in the last while. I thought it was all due to the dip in gold prices, but I just read that Atlas Corp, if I understand correctly, dumped 8 million VGZ shares (along with a bunch of Atlas shares) to holders of a convertible debenture when they called it in. That could explain the seemingly endless supply at 3/4. Eventually that will dry up and the price will shoot right back up over 1 and then 2+ as the new operations in South America get underway. Any recovery in gold price will just add icing.
John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext