Vista Gold (VGZ) Message Board

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Gold/Mining/Energy : Vista Gold (VGZ)

VGZ 1.695

-4.8%

2:33 PM EST

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To: Jay Anderson who wrote (192)	5/13/1998 11:37:00 AM
From: Richard Mazzarella	Read Replies (1) of 379

Jay, the hedging makes my head spin. <VBG> They said they produce 35k oz. for a cost of $207. I believe there are 89.2MM shares and with POG $300/oz, that would yield $0.037/share. They are ending their hedging and the big play here will be if the POG increases. The big worry before was if they could get capital to operate, they sold off marginal resources for the necessary capital. Compared to other gold's, everybody has VGZ at the bottom of their list, but IMO they are much better positioned than most gold's now if POG moves up. Mom always said to buy low. Did I miss something?

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