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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

Comment by edmedon Jan 23, 2023 7:10pm
108 Views
Post# 35241059

RE:RE:RE:perspective

RE:RE:RE:perspective
The problem is that most buyouts happen with a 30-50% premium

We are so ridiculously low that any offer at these prices is catastrophic!

Shares should be trading at at least 60 cents right now and offers of .90-$1.50 would still be in the low level but at least not so ridiculous as what we are expecting

shareholders here are going to have to have to stand strong against the low ball offer that I am expecting to come our way
edmed
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