Vanstar Mining Resources Inc. V.VSR

perspective

[garland]

I can add up all my frustration  with this comment   The new  updated resource added 550,000 ounces of gold for VSR's 25% share -   now, giving a ridiculously low value of $70.00cdn /ounce of gold in the ground ,that equates to an additional 64 cents /share of value to VSR ( over and above everything else!!!!!) WE ARE TRADING AT HALF THAT NUMBER!!!     Monster disconnect and WHY?????

[Ballsmeep]

Absolutely has to be multiple entities putting together a bid for this thing. Maybe Iamgold waiting to see what the real players might value Nelligan at?

[unclebobby]

Ballsmeep  I believe  your right, I also believe that img  is holding  back information  on the drilling  areas  , there is alot more gold at higher  grades  that may or may not been hit yet. Imo so hold your shares  tight,  3-6 months should have some action , gold will be over 2000$ in my opinion, 

[marketsense]

There is and has been only one answer to this disconnect.   VSR is being held down to enable IMG to make dirt cheap offer when they are ready.   There just isn't any other reason that makes sense and yet other than a horribly discounted stock price and the lack of insider buying,  it is hard to prove anything concrete.  I know it will  happen but I just don't know

[SPACEDOC]

Common sense dictates that IAG would make an offer now for several reasons 1). The resource is likely to get larger and therefore cost more 2). The POG although a unknown, seems likely to go up perhaps past $2000 when the Fed eases 3). The shareholders have fatigue and now are likely to excpet a lower offer now than as things play out going forward 4). Once they produce a feasibility study the

[Ballsmeep]

Common sense would have been to take out Nelligan already but they haven't. Which tells me the price tag is way larger than most think. Iamgold had cost over runs that are mostly solved. I expect Iamgold to dillute on next big run up in it's share price and take out Nelligan 

[edmed]

The problem is that most buyouts happen with a 30-50% premium We are so ridiculously low that any offer at these prices is catastrophic! Shares should be trading at at least 60 cents right now and offers of .90-$1.50 would still be in the low level but at least not so ridiculous as what we are expecting shareholders here are going to have to have to stand strong against the low ball offer that

[Ballsmeep]

I agree with that premium and it's terrifying. I don't think enough shares have been gathered in this low range for some crazy low offer to go through. Also I don't think Iamgold would allow a lowball by someone else without triggering a bidding war. long term vsr 20% and nsr is very valuable when Nelly is put into production.

[unclebobby]

As I have posted and Garland  has posted with just the gold where it lies is worth minimum of 2.60$ so anyone who wants it should  move quickly  before  gold breaks  2000$, and assessment  is complete.  Hold tight, buy if you can

[beancounter72]

As an owner of over 500k shares, I really want to believe all of you that its worth north of $2. But it is only worth what someone is willing to pay, correct. Right now, no one seems to be will to pay over about 35c, so in my mind, that is what it is "worth". I know most of use are up to the gills in these shares, but if our conviction was really that strong, we would be buying even more

[unclebobby]

What's your point  are you offering your shares at  35 , 

[Ballsmeep]

Lol what nonsense. Why own the shares and why even post here? I doubt you own any

[edmed]

you are correct beancounter I am up to my gills in this stock my conviction in this play is strong that it is excellent value and that the gold is there I am not buying more at this stage because this is the junior gold market a pit of vipers and theives where companies like ours are often sold not for what they are worth but for what back room deals and high powered players concoct to steal

[willyk3]

Bang on ed! You are not alone in your thinking

[unclebobby]

Most  juniors you talk about haven't been around along as vsr, they have the gold and more coming.  As Garland   stated .67 cent for just nelligan  and rising with drilling  results brining more value.  So bids will be coming  before  more gold and drilling  imo