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Vanstar Mining Resources Inc. VMNGF


Primary Symbol: V.VSR

Vanstar Mining’s Nelligan gold project joint venture with IAMGOLD (25% VSR/75% IMG), located 60 kilometres SW of Chibougamau, Quebec. Vanstar retains 25% undivided non-contributory carried interest until commercial production. Nelligan is one of Quebec’s largest gold projects containing approximately 5.6 Moz of gold. Vanstar has signed an LOI with IAMGOLD to acquire a 75% interest in their Bousquet-Odyno property. The project is 6km from IAMGOLD’S Westwood mine.


TSXV:VSR - Post by User

Comment by marketsenseon Jun 23, 2020 3:06am
146 Views
Post# 31179517

RE:RE:Just hung up phone with Peter G

RE:RE:Just hung up phone with Peter GYes sprat,  all that may happen.  Does that work for you?  On the other hand,  this may also
happen.  If IMG plays the delay card,  there is nothing stopping VSR from selling their 25% to 
another interested party for may I suggest a substantially higher price than IMG mgmt thinks
they can get for it by stalling.  Then IMG not only loses that 25% but may have to pay an even 
higher price to the new party than they would have if they had made a decent offer to VSR in the 
first place.  There are always 2 sides of a coin and this outcome is as plausible as yours.  

I know I keep beating on the same drum,  but I'm convinced that's why Power One services
were brought on board.  If I can see this from a distance,  I think someone like PG who has infinitely more connections and knowledge than I,  will be mulling this over very carefully before
he makes a decision to walk away.  Who knows how this will all end but I have no intentions of bailing out yet.  What others do is beyond my control.
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