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Vanstar Mining Resources Inc. 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 Jul 21, 2020 12:06pm
109 Views
Post# 31296598

RE:Heavy volume...

RE:Heavy volume...Indeed,  I have been thinking the same thing.  Investors have many reasons for selling.  Until
somone comes on and posts their reasons,  we can only guess as to what they may be.

Using my own criterion,  I have estabished targets and when they are reached I sell a certain
%age and then establish new targets and so on.  Doesn't matter how much you want to believe,
this is the stock market and there is always risk involved so to derisk your investment,  one
has to sell at strategic points.   

VSR,  has been stalled for a while as sellers have been unloading in this area.  They could be
impatient,  they may be looking at other investments,  they want to derisk etc.   For myself,  I
will not sell yet but if I had bought where Grandich had,  I definately would have sold some
of my position by now.  Its a good question and that's my best answer.
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