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Bullboard - Stock Discussion Forum 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... see more

TSXV:VSR - Post Discussion

Vanstar Mining Resources Inc. > The Grandich Circus Selloff
View:
Post by goldbug1965 on Jan 25, 2021 11:54am

The Grandich Circus Selloff

Glad I sold half my position back in December. Expect more selling pressure as the gullible PG Circus is leaving for another town... Whatever happened to the $3-$4 price target for the end of 2020 LOL

Will buy back under $1. Still looking good long term.
Comment by RazorRamone777 on Jan 25, 2021 12:15pm
You can't blame PG for anything other than being right. He bought this stock and recomended it at a far lower price than it is now. It went as high as $1.65 once already. If you get any doubts or think you could sell and get in cheaper later, buy all means do so, no stock goes straight up, but don't blame Peter for your miscalculations, I don't. I also sold some time ago and am looking ...more  
Comment by goldbug1965 on Jan 25, 2021 1:46pm
Being right on what ??? Quick reminder on PG claims :  1. "Vanstar is undervalued because of bad management" (management is gone) 2. "Vanstar is undervalued because of incompetent board" (board is gone) 3. Tender offer from iamgold before year end (2020). Initially claimed $3-$4 per share...  I'm pretty sure PG and his cult following are averaging above $1 ...more  
Comment by RazorRamone777 on Jan 25, 2021 4:26pm
...but goldbug, you contradict yourself. Knowing that PG and his friends own a large chunk of shares, perhaps close to 50% you write, "The moment they run out of leverage on a company (which it seems to be the case with PG on VSR), they sell and move on." If they are now selling and moving on, for one the volume would be over 10X higher than it is and the S/P would be 50% lower. Then you ...more  
Comment by goldbug1965 on Jan 25, 2021 9:02pm
come on, they don't own anything close to 50%... You believed that ? LOL I didn't say he would sell everything at once, I said constant sell pressure. I also said I would buy under $1, there is no contradiction.
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