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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

Comment by marketsenseon Jun 06, 2022 1:48am
118 Views
Post# 34733158

RE:RE:RE:RE:I should add:

RE:RE:RE:RE:I should add:100% correct.  It can take several years of dragging along the bottom before the 
buyers of the previous hype phase are finally cleaned out.  I believe that is what
you're seeing happen.   Furthermore,  like a cork that is being held underwater
by a lead weight,  once removed the cork will rise to the surface immediately.

The other choice would have been to try and dump millions of shares on the market
all at once but no one in their right mind would even try such a thing without lining
up buyers.   Obviously the buyers weren't interested so the cycle has been played
out far longer than anyone would like.  That also explains the lack of insider buying.
Just in my opinion.
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