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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 Talhaseeon Dec 11, 2023 11:50pm
211 Views
Post# 35779261

vmngf/vsr

vmngf/vsrI am one of the investors in the company south of the border and up until now, all I have done is read these Bullboards.
With this latest press release, I felt a need to post on Stockhouse.  I truly hope that all you fellow shareholders vote against this pending deal between IMG and VSR.   I for one, have been waiting since PG promoted this stock, a few years back, and saw the value in this Company, however this deal does not bode well for VSR shareholders, A realstic value of a $1.50 Cdn/share (modest value),requires  IMG to trade at $7.50/share, and how long will it take IMG to get to that price? Let's go back to the negotiating table! I am going to be conducting my own evaluation on  this asset and will post later, if parties are interested.
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