Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Bullboard Posts
Comment by stocktraderguy1on Aug 27, 2020 8:41am
368 Views
Post# 31459344

RE:RE:RE:RE:Am I effed?

RE:RE:RE:RE:Am I effed?I think you are missing the point, I am very aware of explorers need to raise capital, the timing here is the issue, They JUST got what 25 mil for selling the silver stream to First Majestic, and in an interview with Keith Neumeyer sp? a couple weeks ago he said they did this to among other things reduce the need for FF to dilute thier shares and that this was enough cash to fund the company for the short term forseeable future, this was one of the reasons I chose to invest here.If they have an immediate need for the money then OK, we will see shortly, I would think there is a significant need for cash to fund the cap ex for  building out the Goldlund deposit, drill programs at another project, etc....

my issue is that they could easily have waited to allow the SP to appreciate, and it feels like the little investor is given the shaft in the form of a higher share count, and less shares of Treasury.... the timing is very suspect. They should have waited for the deal with Treasury to complete at the very least... Of course they have deep pockets offering them cash, 30% below market will do that.

I still have confidence there is untapped value here, FR buying the silver stream gives me confidence the permit for Spingpole is going to happen shortly...I become more cautious when I feel the management is hoarding cash for no good reason, holdiing with a cautious eye on an exit, is not the way you want your investors to be, I hope they can justify this move with an explanation soon or I will be working my way to the exit also.

GLTA
Bullboard Posts