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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 garland on Dec 22, 2022 3:09pm

diajohn

first of all I do not speak for 40% of the company - maybe 20% and that is if shareholders are not totally fed up with everything and have not  continued to sell! in this market (which is one of the worst ever) if a rogue offer came in at $ 0.60 which is a 100% premium to the current price , that would have to be  considered  - what do you think the remaining 80% of the shareholders do? The bod cannot do anything as they own no shares.  what would you do? 100% premium in this market  - that is what you have to consider ( basically the value of the royalty) WE ARE VULNERABLE and will be moreso after the Nelligan update! IMHO I'm surprised that this has not already occurred!!!  absolutely  vsr is worth much, much more but it all comes down to what the market will bear - and right now that is not  very much  - this may never happen but IMG and it's partner  are much stronger now and I keep asking myself  why would you carry vsr through another substantial drilling program?
Comment by EZY1955 on Dec 22, 2022 4:25pm
There are still the majority of French Canadian shareholders that would fight this and any other attenmpt.  I think you are venting and it's coming at a time that isn't doing anyone any favours and is probably scaring away new investor which is excatly what you don't want so thnks for that.
Comment by Diajohn19 on Dec 22, 2022 7:57pm
I personaly own 7% + minimum 15% of serious long-term people that I know welll + 20 % Garland and People of Garland = ~42% = no peanut here.....
Comment by Diajohn19 on Dec 22, 2022 8:08pm
;-)
Comment by SPACEDOC on Dec 22, 2022 8:34pm
Count me in for 500K shares
Comment by unclebobby on Dec 22, 2022 11:25pm
I too have over 500,000, at a much much higher price due to the fact they have the goods and increasing assets
Comment by unclebobby on Dec 22, 2022 11:26pm
As well hold IMG.
Comment by unclebobby on Dec 22, 2022 11:34pm
I wouldn't  consider an offer of .60  when  I paid more than 2x that if offered    property is worth more than that especially  when gold will go to a currency backed  system   brics, other countries have  joined  and more checking it out as right now all currency is a digital print which can't  be trusted