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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 Oct 01, 2020 12:13pm
121 Views
Post# 31650015

RE:Will they drag the promoters away in handcuffs???

RE:Will they drag the promoters away in handcuffs???Its been obvious for some time that there has been a lot of selling.   Either some large holders
have been exiting or a combination of large and small for whatever reason.  Because no one
knows the reason for this,   I think its pure speculation that something is wrong with VSR.  I trust Garland and his work way more than RR and his wild surmising about some nefarious scheme
designed to take your money.

We know there are some disgruntled ex BOD members and perhaps other large shareholders
alligned to previous mgmt who could be behind the bulk of the selling.   Once any stock weakens,
it will tend to shakeout others who start worrying that something is wrong and will subsequently
sell.   As far as PG and the new BOD,  they are just fine.  PG enacted a hostile takeover of the
BOD because of ligitimate concerns over mishandling of such a tremendous asset.  I think in the end,  it wil serve all shareholders well.  In the meantime yes,  there has been a lot of selling,  but
given what has taken place,  I don't think that it was unexpected that there would be some
exiting.    Garland is the gold standard by what I judge VSR by,  not anyone else and so far
I have no reason to be worried or put off by any of his excellent work or comments.  Good day
to all and good luck.   Gold is rallying and testing the $1900 level again so should get interesting.
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