Have Vista Gold shares turned a corner? Very few mining sector companies can claim that they have a truly world-class development under their control, but Vista Gold can rightfully make such claim. Dating all the way back to the mid-1980s, the company has emerged through the coming decades as a major market performer. In 2015 Vista Gold operates the aptly named Mt Todd Gold Project. Considered to be a gem in the crown of Northern Territory, Australia, the fast-track development of the region is becoming Gold Vista’s backbone. The company also has a 4.9% hold in Midas Gold Corp and their non-core projects in the US and Mexico, along with royalty interests in Indonesia and Bolivia based projects. Vista Gold shares have become a recession-surviving performer in the mining sector, but have the latest company developments dented their appeal? …show more content…
With hedge fund sentiment clearly up for questioning, many of such have opted to follow the “smart money” and drop their interest in the company in 2014. Leading the move to distant themselves from Vista Gold was Citadel Investment Group, as they chose to drop a large percentage of their investment in Vista Gold shares. Another worrying sign heading into 2014 was the legitimate lack of “insider interest” in Vista Gold shares. During the 180-day window that closed the year there was zero insider sales and only a single case of unique insider buying. These signs really worked to diminish the appeal of Vista Gold shares amongst private