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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 garlandon Apr 22, 2022 4:30pm
193 Views
Post# 34625108

buyout at .80cdn

buyout at .80cdnunfortunately at our current price  an offer of $.80cdn is a strong possibility even though I would assume that management would  strongly recommend NO , it would have to go to a shareholder vote   --  and at a percieved 2.3 times higher premium to the current market price - who knows -  it could easily be approved ( regardless of our true value ) as those buying today have good profit and we do not have market control now  ( too much selling into other hands  and lack of management  control positions) - It does plead the case for manipulation of the stock to these levels

the only situation that will reverse this position will be good news to move the stock back up at both  Nelligan and Calder , the price of gold and BETTER MARKETS!!!!!!  ( today was a disaster )
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