Vanstar Mining Resources Inc. V.VSR

re re re felix activity - my scenario

[garland]

Going forward into 2021 here are my thoughts SPECULATION ONLY!! - this may never happen but

We finally get the drilling results ( 4-8 holes - all are good more reserves,  more value etc.)

IMG announces an extensive winter drilling program .WE get another huge free ride and I honestly feel that they will NOT make an offer at this time - too involved with Cote or whatever their logic is  to not proceed at this time ( not willing to admit that this should have been done  this 2 years ago ).  If they do make an offer, they will lowball us.  Again we wait!!! - but no one has the  patience, so ------

This leaves the door open for other opportunities. This makes the most logical sense for me ( after putting all the pieces together)

A merger - stock swap only - to deferr taxes ie. tax free roll over. With who? here is my chioce ( remember speculation only!!!!!)

AMX  why?

CEO taken care of ( excellent choice in place)
Exploration management taken care of ( excellent team in place)
They want Felix ( huge component of additional land in the normetal
deformational corridor hosting their Perron gold discovery)
We have additional cash to drill Felix ( 4+ million) and a significant gold prospect
Both companies get to watch Nelligan grow and become more and more valuable at no cost ( add the NSR as well)
IMG can take all the time it wants ( Keep on adding value)
we will be too busy drilling Perron ( adding huge value) as well as Felix
At the moment both companies are very undervalued - the merger only makes us stronger!!
Not many shares outstanding (110 million) - good liquidity ( for those who want out)
We have 100% of a huge developing gold deposit (Perron) 20% of a proven 10 million+ ounce gold deposit ( Nelligan) and 100% of an excellent exploration play in a hot area ( Felix)
A real possibility to take a merged $3.00 stock to $10.00
Use Nelligan  and the NSR as huge financial leverage!!   
Have a continuous stream of exploration news - all the time ( 10 rigs at Perron - 300000m of drilling for starters)

NOW the million dollar question -  What will the ratio be??? We need VALUE for Nelligan , at least  an additional $2.10 /share   ( $ 3.30 - $1.20 ) This equates to somewhere in the range of 1 share for one share at current prices ( timing is good right now)


Will this make sense for everyone ? who knows ,but there are certainly numerous  advantages and excellent synergies  with this process !!!

Just my thoughts ,but I would be in favour of this ( correct me if I am wrong on the above and/or does anyone have better suggestions?)

[edmed]

May be too complicated to do it this way Garland. Why not split the company and spin off Felix with the cash on hand to drill. Vanstar does not need a lot of cash. just enough to keep the lights on. with drilling the value of the new company will grow and we will most certainly be bought out by either AMX as you  state or some one else. IMG probalby was hoping toget Felix for free by buying

[gisellekronk]

garland ,  thanks for that ,  one thing i know is these buyouts or mergers always take longer than anyone expects or wants , and you can not get the multi bagger if you are impatient . knowing what you hold helps with the waiting and your posts help with the knowing what we hold . thanks

[RazorRamone777]

I think we should take it slooooow and easy. Although I did make a few bucks at AMX, I sold because I started doubting the size of their resource. They had a good run through June & July but since it has been downhill as I suspected it would be. With so many drills spinning it shouldn't take years to find out if their resource will be feasible to mine. We should have a better idea by the

[aspen865]

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[aspen865]

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[aspen865]

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