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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 Apr 22, 2022 11:47am
131 Views
Post# 34623891

Capitulation

CapitulationSeen this type of thing happen before.  I owned a copper stock that was in production,
still is but they were being talked up about bringing another property into production.
Never happened and stock sold off over the next 2 years after a blow off type promotion.
Now it is back to the old highs.

Sometimes after these promotions it can take a few years to finally get everyone out
who bought in during the hype days.  Before the bottom is reached it seems the
stock has to be dragged so low that literally everyone has given up hope.  Most
investors can't stand to see their money being tied up doing nothing for 2 or 3 yrs after
a huge decline and give up and sell.   Insiders know that and they are in a position to
wait you out.   They get cheap options and are sitting on nice salaries paid of course
by you(us).   When they are ready and thats only after there has been a long period of
clean up it all starts again.  I'm sure most investors are aware of how things work but
each of us has to decide where our individual tolerance level is.
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