Vista Gold just agreed to a sale, but can the buyer actually fund Mt Todd?

[Ethan Vance 88]

Hey guys, I am still pretty new to trading mining stocks and honestly I am a bit confused by this whole Vista Gold situation. I saw the news that VGZ agreed to a sale, but people on other boards are arguing about whether the buyer actually has deep enough pockets to fund the Mt Todd gold mine project. Ngl, I am holding a small bag here and getting a bit nervous about what this means for the share price. Is a buyout like this normally bullish for beginners or should I just cut my losses before things get messy? Any advice from the experienced traders here would be awesome, especially on how to figure out if a buyer is legit.

 

[Liam Walker]

Honestly everyone here is freaking out about the funding part, which usually means the exact opposite is about to happen and the stock rips. When retail panic sells into these deals, that's usually when you want to be buying, not cutting your losses.