RE:RE:RE:RE:"Back Up The Truck""We would add value for our shareholders by entering into agreements with third parties that would move the projects forward while First Mining holds residual interests in the projects." - Source: First Mining Finance Corp. web site.
Look, if you are not confident about management and do not like their business model then my advice to you is don't waste your time with this stock and move on... As far as I am concerned, most investors I know are confident that FF will continue acquiring new assets for many less shares that you estimate, probably twice as less. In fact, GCU was an exception because of the amount of ounces acquired on a single deal. By the time the gold market turns around, if necessary, a reverse stock split would not hurt at all the company in an up trend market, since the reduced number of shares would automatically increase the share price proportionately and certainly would not diminish the value of the amount of ounces held. Plus, some of the new acquisitions could offer cash opportunities such as the recent Goldrush acquisition, unralated assets could be sold for much more for example, etc., all it takes is a little creativity... but again, if you do not like their business model, then move on...