First Mining Gold Corp T.FF

Alternate Symbol(s): FFMGF

Metals & Mining Gold

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.

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First Mining Gold Corp > The big problem with share dilution

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Post by Sibirboyon Mar 31, 2023 9:14am

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Post# 35371347

The big problem with share dilution

One of the biggest problems with this company is the daily dumping of shares. Let's say that conservatively speaking there are 300 million shares waiting to be dumped. On average, let's say we shed 150k of said shares each trading day. 300m divided by 150,000 equals 2000 trading days. There are 252 trading days in a year so 2000 divided by 252 gives us just shy of 9 years just to get rid of this conservative estimate of unwanted shares

For those of us stupid and naive enough to believe in this company, there is a lot more pain and suffering coming unfortunately!

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