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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

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Post by Ballsmeep on Apr 13, 2022 7:41am

Buyout

I think we get bought out very soon. Vanstar not adding any value to nelligan IAG probably only concern is the LT gold price. Iag working against themselves at this point and should be in discussions already with vanstar on a price.
Comment by Cashcow49 on Apr 13, 2022 9:37am
well as much as I would like to see it bought out, at a decent price a fair price . This would be IMG 's best interest but too much time has passed or dragged on. Gold up , img up and vsr down they may wait for a delisting
Comment by blueskies on Apr 13, 2022 10:22am
Agreed a buyout offer from IMG is the most likely outcome. As for timing though, I expect it won't come until after the current drilling results are out. No point in making an offer until shareholders have full information available to consider before voting yes or no. The resource update isn't needed before an offer but I believe the current drilling results are, otherwise IMG would be ...more  
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