Up Again, and with No News

Jason Hamlin, Seeking Alpha (02/07/2008)
"Vista Gold shrugged off the overall gold market decline on Tuesday and advanced 4.5% on heavy volume. There was no news, and Vista was one of the only gold miners to advance amidst a sea of red. Vista was up again on Wednesday 8% on higher-than-average volume, while the GDX was only up 1%. The stock is selling at just under $5, and looks cheap when compared its high of over $12, just 18 months ago...

There has been some speculation of a buyout coming and certainly there are investors accumulating shares with some belief in a breakout...

Vista Gold has recently changed its strategy, and is now focused on moving to production...With gold prices nearing $1,000 per ounce, it is becoming economically viable for smaller companies to consider producing. I am not sure what is moving Vista’s share price higher, but quiet accumulation of this type often precedes a breakout."

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