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First Mining Gold Corp T.FF

Alternate Symbol(s):  FFMGF

First Mining Gold Corp. is a Canada-based gold developer advancing two of its largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario and the Duparquet Project in Quebec. The Company also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests, including the Pickle Crow Gold Project (being advanced in partnership with FireFly Metals Ltd), the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.), and an equity interest in Treasury Metals Inc. The Springpole Gold Project covers an area of about 41,943 hectares (ha) in northwestern Ontario, and consists of 30 patented mining claims, 282 mining claims and thirteen mining leases. The Duparquet Gold Project is located immediately north of the town of Duparquet, which is approximately 50 kilometers (km) northwest of Rouyn-Noranda, Quebec. The Pickle Crow Gold Project is located in the mining jurisdiction of northwestern Ontario, Canada.


TSX:FF - Post by User

Comment by masah88919on Mar 04, 2024 6:39am
33 Views
Post# 35912648

RE:Selling .105

RE:Selling .105I'm telling you guys the price has nothing to do with the issued shares, it's all about the negative sentiment right now in the mining sector which is EXTREME. New investors especially have a very poor understanding about what dilution really is. Issuing more shares is not dilution per se, it depends entirely what you do with the money. If a company just issues new shares and then spends this money on nothing of value then that is REAL dilution. Issuing shares to advance the permits, buying new ounces in the ground (like FM did with Duparquet) etc. is not dilution even if the value being added is not currently reflected in the share price. Retail investors often try to come up with excuses about why a share price is down and they look at the shares outstanding and conclude that must be the reason why. There are countless of mining companies out there with more shares outstanding than FM and they are functioning perfectly fine. The shares outstanding is not the issue, its the very negative sentiment in the sector right now. Also, people investing in developers must assume that the company is issuing new shares when they need money because thats the only way a company like this can get new money if they dont want to sell assets at current market prices. If you invest in a company like FF then you need to buy the stock in several batches over a couple of years because developing these things take time. That is what Dan and Keith are also doing, they average into the stock over a period of many years and slowly build their position. Keith would not be planning to buy 50m shares in a company that he thought would go bankrupt. He is definitely not stupid. Just sit tihgt, buy more and let management do their magic. This company will reward long term investors, just like people who could stand the volatility with First Majestic Silver some 20 years ago when they were developing their assets.
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