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Gold/Mining/Energy : Vista Gold (VGZ)
VGZ 1.735-2.5%Nov 11 3:59 PM EST

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To: Shammymoo who wrote (111)11/19/1997 2:34:00 PM
From: Charger  Read Replies (1) of 379
 
Shammy - just a heads up here. VGZ has no money to process, per their own news release, they need $20 mill, dont know where it is coming from, "anticipate" it by maybe 1st Q 1998, production in 1999, only .05 oz gold per ton, therefore I dont see how they can process for $155 an oz, especially with leeching which is what they state they use. Also their news release states they are legally protected from any "forward looking" statements, thereby throwing out the validity of 30,000 ounce production annually. I think it could be a long time before this stock takes off, imho. They issued over 89 million shares.

biz.yahoo.com
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