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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

Post by Underdogon Jun 04, 2021 9:59pm
270 Views
Post# 33335270

Why I loaded here

Why I loaded hereLooking at the graph + Short sellers data with big volume this week, you can feel the fear and the capitulation; VSR has been in a down trend lately as you can see with the upper trend line and I bet that the first low seen couple months ago will be a good support here. This is why I loaded between .65-.69 to take advantage of what the market was offering.I believe this is a double bottom forming and I bet that eventually we will see a break-out of this down trend line.This is a very good entry point in my opinion. You can listen to Warlokkk and put all your eggs in the same basket in Lab. But there is so many other good opportunities that I prefer to spread my risk over 15-20 plays and not only in Gold.There is so many other good commodities right now  ( Uranium, Copper, Silver, etc) that you can also reduce your risk not only holding gold stocks. This is risk management but obviously Warlokkk doesn't understand this. Have a good night.

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