RE:The truth (if that matters) is...He claims he's been investing in juniors for 40 years but constantly makes posts that are so far off it's pathetic.
Razor, the 43-101, which was done even before the last winter program, would never be used in any bid with numerous holes drilled and assayed since then. If you don't know that you know squat!
Second, in the revised JV, VSR was smart enough to remove a clause that had allowed IMG to bid and if twp, so-called independent opinions agreed, VSR was obligated. Now, VSR can turn down any and all bids and IMG would need to go hostile and get at least 51% of the shares to gain control.
VSR can't sell the project but they can sell themselves to another company as a whole, or spin out other holdings and then sell VSR with only Nelligan in it to someone else. The buyer would inherit the 25% and the 1% NSR, subject to going down to 25% if IMG does Feasibility study. I believe sometime in 2022 also has a special clause where VSR can actually buy back IMGs interest if certain condtions weren't met
This is the last time I will respond to you because youre truly clueless.
Oh, and for others, rumor has it SUP is quite please with their drilling so far.
To Razor:
