Bullboard - Stock Discussion Forum Vanstar Mining Resources Inc. V.VSR

Metals & Mining Gold

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. > Downside

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Post by beancounter72 on Jan 16, 2023 7:08pm

Downside

I already own more VSR than I care to admit - all well over $1 cost - probably like many of you. Call me crazy, but thinking about averaging down. What are the downside risks at this point?

Gold tanking? what else?

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Comment by unclebobby on Jan 16, 2023 7:41pm

Beancounter I'm in the same boat, as many are. Averaging down is good . I've been doing it but then it goes down more. I'm in for the long run 3-5 years and have reached my limit. Value hear Forsure. Should never have gone low, imo manipulation. It's tempting at this price but as I said reached the limit. Imo cheers

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