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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

Post by marketsenseon Oct 22, 2020 1:10pm
205 Views
Post# 31764962

Traction

TractionRemain stuck at this level.  Any time VSR tries to move up,  it is quickly squashed by an
avalanche of selling.  Obviously there is a lot of stock waiting to get out as soon as the bids
build up.  Can't sail against the tide.   The good part of this is that selling is being mopped
up at this level so all is not negative.  Requires more patience but admit it is frustrating in
the meantime.  At some point the selling will be exhausted or the news will be good enough
to overwhelm the selling and we break out regardless.  More patience required.
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