Vanstar Mining Resources Inc. V.VSR

Thoughts

[edmed]

Certainly not as much as I was expecting.
Agree I was looking for at least $1.50
This is also a blow to Northern Superior Minining ie SUP who I am sure was looking for an eventual joining of the Nelligan asset interest with their own.

On the upside we will be holding more stable shares in a better company with better management for sure.
Also with this aquisition it makes IMG a much more attractive takover target and I am pretty sure IMG's days will be numbered in the next 18 months
So we sould be partcipating in another share price increase by way of a second takeover.

Not sure how I am going to vote but this is not a total loss of shareholder value for us

edmed

[willyk3]

I woke up this morning expecting to see something on FURY stock and instead I see this lowball offer for VSR. Definitely disappointing especially as in my mind I had allways envisioned some kind of super camp centered on the nelligan with all kinds of satellite deposits feeding the mill. Of course SUP would have figured prominently.  But all is not lost yet. Lowball ,yes, but the IMG paper