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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 Dec 05, 2020 10:20pm
210 Views
Post# 32045278

Here

HereWe go again.   This kind of talk is only going to turn off more investors,  either existing or potential.  Reaper,  you have a point about PR,  but the rest is looking from the outside.  Why do you conclude
that Cantore is using VSR to set up his own kingdom just because nothing much has happened
over the last 3 months?   Not buying a lot of shares doesn't neccessarily mean that either IMO.

I know quite a few board members on other companies,  and other than free options,  many are
reluctant to ante up unless they know for sure something material is coming down the pipe that 
gurantees a big profit.  I'm purely guessing,  but I think Cantors reluctance could be exactly that
and he doesn't want to buy in big just to make everybody else feel good.   Would you?

On the other hand,  by the same logic when Insiders do go and buy in big,  its usually a very
good sign that they have real confidence going forward and it sends a signal to investors.  I do
agree,  VSR needs some positive signals but with all due respect,  getting rid of Cantore isn't
one of them IMO.

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