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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

View:
Post by marketsense on Jul 22, 2021 4:07pm

My thoughts

The fortunes and misfortunes of investing is being played out right here.  The reason I got involved with VSR was because of PG and their Nelligan arrangement with IMG.   Now it appears PG has
become disenchanted with this group and is bailing out.   Well ironically my reason for getting in might be the not the reason for staying in.  If PG is out,  the chances of this turning out ok actually
might improve.    Less drama with some inside buying together with some good drill results to 
help raise the company's profile might turn this around.   A jump in gold prices might also help
as inflation in the US is starting to kick in.   This is a viable company despite all the nonsense
that some posters are perpetrating.    I haven't given up but patience willl be tested as if it hasn't
been already.  More than ever some sound leadership from mgmt is needed.   Once PG has
sold out,  the pressure will be off.

I have one question though,  can anyone confirm it is actually PG.    There has only been a slight
remark from Garland to suggest this.
Comment by SPACEDOC on Jul 22, 2021 4:18pm
This post has been removed in accordance with Community Policy
Comment by thisisriskystuf on Jul 23, 2021 12:09pm
I'm throwing in the towel on Vanstar Mining. The last straws are the JV partner's weak overall https://finance.yahoo.com/news/iamgold-provides-preliminary-operating-results-110000660.html… and the absolute poor actions of the person who originally got me involved. I'm taking the loss and moving on but only in juniors that Michael Gentile - con't I'm not rushing to the ...more  
Comment by winnersalive on Jul 23, 2021 12:33pm
Like to see what  PG 'poor actions person' did  and what that means - crazy to trash and burn a stock and most of his flock over what? ( wish I knew ) I have chatted with most   of the people involved from management to IR and found all to be complete pros in this business.  I do agree that the latest news from IAMGOLD to be disconcerting however PG pulled the ...more  
Comment by ruffus23 on Jul 23, 2021 12:47pm
$27 million market cap. What is Nelligan worth?
Comment by SPACEDOC on Jul 23, 2021 12:54pm
This post has been removed in accordance with Community Policy
Comment by winnersalive on Jul 23, 2021 1:12pm
Kaiser put a piece out on Wednesday being completely bullish on VSR with target prices $2.00+ (I'm told) John is one of the top analytical minds in the business. Think I'll follow his lead as to the potential near term and future value and not a few knee jerk tweets from PG. Hopefully he is feeding his portfolio with VSR at these prices !
Comment by marketsense on Jul 23, 2021 1:41pm
While it looks like a disaster with PG selling,   my thoughts are to hold and add.   Whenever a  major insider exits,  especially in a small cap stock,  there is bound to be a firesale.   That said, the deal with IMG remains untouched and has value.   How much value is open to debate,  but it sure as H ell worth a lot more than .47 where it is trading now. & ...more  
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