First Mining Gold Corp (FFMGF)

[Pollisis]

I meant million not thousand.

[Pollisis]

They’re both right. 150k for Springpole and 100k for Duparque for every $100 increase in gold.

[Implanting]

O.K., I'm going to post this article ONLY because parts of it speak to gold and what could be some very big catalysts for a higher move in gold. The biggest of those being escalating global war and we know PM's react very well in those uncertain environments.

This Martin Armstrong video is about many subjects that border on politics and personal points of views, so view it at your own risk.

https://www.zerohedge.com/political/deep-state-knows-it-cannot-cheat-kamala-martin-armstrong-fears-washingtons-plan-trap

[Implanting]

Another decent volume up day for FFMGF shares today.

So, the Banksters went did a .50 rate cut today and the markets spike on the news, then sold off. Good.

Powell tried to paper over why they went .50 instead of the .25 many were expecting. In short it's because they're worried about where the economy is going. Of course, the market sold off after the initial happiness faded.

One of the Talking Heads on TV said the rate cuts coming will most likely be .50 cuts, not the GRADUAL .25 cuts the Fed has been calling for. These Fools NEVER get it right. The shit storm is coming and as usual they're behind the curve AGAIN.

Tickles me.

P.S.: Powell was up in the Q&A session lying about how the Fed works for ALL Americans and not just the rich and political class. What a crock of shit!
A damn bolt of lightning should have come down from Heavan and hit that dickhead right between the eyes.

[Implanting]

Thanks for posting his pitch.

I think I may have said this already, but why does he keep harping about how undervalued the Company still is? He never speaks to the reasons why we're so undervalued. I didn't hear him say there are a lot of other developers/juniors that may be in the same boat as we are in being undervalued. Is our share price so beatdown because of the assets we have or because of something else? It would seem to me the Street is giving us NO CREDIT for anything. Why is that, Dan?

A couple of other things I caught from the Keith/Paul interview and from what Dan said in his pitch. Paul made mention that for every $100 higher the gold price goes that adds $150M to our asset bottom-line, Dan said in this video it adds $250M and I believe that's what he's been saying for a while now. Curious to know who's giving the right numbers?

Lastly, both of the interviews talked about Keith buying shares (I would assume on the open market) on a monthly basis. Well, that was the case over 4 months ago and according to this insider activity website, Keith hasn't purchased a share on the open market since May 6th of this year. That may actually be a good thing.

https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold

Dan exaggerates too much for me.

[Implanting]

Gammon always has some great, thought-provoking info. to share. I laughed out loud when he brought up Jim Cramer's views on what's coming.

The ONLY two Assholes that anyone should always do the opposite of what they say is Cramer and Dennis Gartman. ALWAYS DO THE OPPOSITEOF WHAT THESE FOOLS RECOMMEND.

Both of them are notorious for being wrong with their predictions.

[SeaBlue]

Latest Dan video.
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/12/first-mining-gold-corp/play/stream/38912

[Implanting]

Yeah, I think we're going to see a significant pullback in the gold price when the panic selling starts at some point. When that happens and what causes it to come is up to discussion, but I think it's coming. After that price pullback comes is when everyone will come into gold and silver in a big way. Time will tell.

[SeaBlue]

Another great George Gammon video. I particularly liked his commentary regarding the chart from David Rosenberg and his joke about Jim Cramer at the end!

[SeaBlue]

Whether it is his $2,826 USD short-term prediction or the $4,406 prediction - it is all good. We'll have to see if the pullback Chris Vermeulen predicted in a video you posted occurs.

[Implanting]

These articles are finally showing up in the MSM now. This isn't Kitco or Zero Hedge talking up gold. A higher gold price over time finally begins to sink in with investors and a bad stock market coupled with geopolitical uncertainty begins to move the Sheeple into safe-haven assets. That's coming.

The fellow in this article is calling for $4400 gold and he doesn't give a timeline on when it might happen. If we see this continuing turmoil happening around the world that may be a low estimate. Pieces of the puzzle are coming together for PM's.

https://www.marketwatch.com/story/gold-is-giving-you-a-once-in-a-generation-buying-opportunity-on-its-way-to-4-400-16f03584?mod=home-page

[Implanting]

I just heard this on the biz channel. They were interviewing billionaire investor John Paulson and asked him what he would be investing in AFTER the election. Paulson said he would be selling all his liquid assets AND BUYING GOLD if Harris wins. Those were his exact words. What's that tell you.

ALSO after the Paulson interview they interviewed another billionaire, Leon Cooperman. Liz Claman was asking him about what's going to happen in the markets and he told her it doesn't matter who's in office next year THE MARKET IS GOING DOWN IN 2025. Cooperman didn't come out and say we were in a bubble, but said the markets are fully valued right now. Cooperman sounded very bearish, but didn't mention getting into gold.

I thought both of those interviews were very telling about what these big investors are thinking. Neither one of them sounded very bullish going forward. This goes back to my theory that a recession is on the way and corrections in the markets are coming. All the Talking Heads on TV are still mostly bullish on what's coming. They want to keep the Sheeple in the market till the crash hits.

[SeaBlue]

Great discussion with KN and Paul Thanks for posting it.

[Implanting]

I would expect interest in FMG to increase in a big way after the announcement of a deal with a major player that wants to partner with us. This company is still flying way below most mining investors radar screens. A partnership of some sort with financing attached will open investors eyes to the viability of this company and confirm that the properties we have will be built. I think that's coming.

[TexasMarvL]

There is a 1 minute clip of Dan wrapping up the the Beaver Creek conference a few days ago (I think in Colorado). He mentioned how receptive investors were to talk with him. I found the clip on Twitter.

[Implanting]

I spoke with Paul via e-mail and congratulated him on a nice video with Ron and Keith. Suggested they do more of them in the future and he said he would push to do so. Getting Keith on a video speaking to where we're going is a good thing IMO.

[Implanting]

Welcome. I think you have a good grasp on what's happening here. Most of us have also been watching and waiting, but it appears there should be a pay-off coming in the not-to-distant future. For those of us who follow this Company the wait's been long, but we may finally be seeing the recognition from the bigger players in the space for what we have.

The latest video interview with Keith N. in it may have sparked the move we saw in the shares yesterday. Keith had some positive news, including, if I heard him correctly say that Dan has been talking to different parties about possible deals getting done. Some of us on this board had suspected as much may be going on.

We'll see how it goes, but IMO something is afoot in that regard. Keith alluded to Dan talking to multiple parties so it may take some time to get the right deal put together.

[TexasMarvL]

This board has more than a few folks contributing. Good to see!

I purchased 2000 shares a few years ago and have been watching and waiting. Last week I added nice little chunk on Thursday morning and a little bit more early this morning.

With the jump at the end of day today, it looks like FFMGF is up 12.5% since Thursday morning.

I listened to a recording of CEO Dan speaking to a digital Town Hall from a week or 2 ago. Also downloaded the corporate presentation. It sounds like there are still a few more milestones to go with the Springpole project.

However with all the work already completed up to this point it seems possible to me that a Big Gold producer might want to jump in and help finance the last few steps in exchange for some of the gold production potentially just a few years away.

I'm just a poor retail guy trying to make a dollar.
I've been wrong before. BUT. It sure seems like FFMGF is getting closer to a payday and with the current price of gold, I'm thinking some of these Big Gold producers have to be looking at projects like this one that is just a few years away. I seriously doubt BIG GOLD will wait for the dirt to move before they buy in. FFMGF seems ready.

[Implanting]

Another big volume share day for FFMGF. It would appear that our shares are under accumulation now on a regualr basis. Either from instituational buying or big buys coming in from individuals. This is bullish and good to see.

[TommyJ7651]

This was a very nice interview with Keith & Paul. I would especially tell you to pay attention to what Keith said about submitting the EA. He said there really is no way you submit an EA without basically knowing you will get the permit and FFMG has already answered almost every single question. Trust me guys, we will get the EA permit. The regional government is probably drooling to get this mine up and running so it can start producing jobs and tax revenues. Even Cat Lake must be getting quite excited because they can really change their community for the better here. They really cannot blow this opportunity, no no they will get on board. We are getting closer and closer to the payoff. I can feel it.

Nice volume btw today again on the Canadian exchange.

[Implanting]

I enjoy reading about how history has formed the future. This article gives some nice historical background on how we're in the pickle we're in today.

This is mostly since we saw what happened back at Bretton Woods. A very good read.

https://www.zerohedge.com/geopolitical/coming-shift-world-trade

[Implanting]

Interesting video from George Gammon with him connecting the dots on a very probable recession in the works. The odds are it will happen, as he explains.

You'll want to watch till the very end of the video to see the DEFINATIVE confirmation of it happening. LOL

[Implanting]

Yes, this week has been good for the gold price. The TA guys I've been following are saying a top will be in somewhere between $2600-$2700 gold, so we're getting close to that now. Let's see if they know their stuff.

It wouldn't surprise me if Keith is in talks with others about a deal getting done fairly soon. Obviously our share price doesn't reflect any news leaks on that being the case, but who knows?

[HONU]

Gold…..Highest daily and weekly close in history.

Gold is sniffing out financial shenanigans.
The big boys need new assets in the ground.
This is gonna be fun.
$FFMGF

[Implanting]

You can't make this shit up. Are these people TRYING to start WWIII or have a nuclear exchange? They want more war, not to stop the conflict.

https://www.zerohedge.com/geopolitical/russia-informs-un-security-council-direct-war-nato-assured-if-us-approves-long-range

[Implanting]

I think we will see a rapid rise in our share price, WHEN IT COMES.

The problem is that while the mining sector has been in a VERY long bear market the overall stock market is in a bubble mania. That has to change if the mining sector is ever to see any love from investors that don't know it even exists right now. There has to be a changing of the guard, so to speak. I believe that's happening now.

So, while the gold price has moved through resistance and the producing miners are making plenty of money with these high gold prices, most of the developers and juniors haven't done squat, pricewise. That's because those entities always move later in the cycle and we're NOT there yet.

When the economy rolls over and everyone finally realizes the recession/depression is here, we'll see gold make the REAL move higher because after all gold is the ultimate SAFEHAVEN/FEAR asset. The move we're seeing now IMO is actually a FOMO move higher in gold with the rest of the market. The silver price has been a laggard because it always moves later in the cycle too.

The people taking these large stakes in FMG are in for the long haul and are not looking to flip their shares. They're holding for 10-15-20X returns and IMO we'll get there in time. The gold price will have to be higher from the current levels and that IMO will come after a major market correction AND most likely a big gold price correction. The big gold move higher comes after the correction.

My 2 cents.

[TommyJ7651]

At least from my experience during long brutal bear markets the shares move from weak hands to strong hands so when the turn finally happens the available float for trading might actually be very restricted. Strong hands do not sell easily. This in turn very often causes a very rapid rise in the share price when the sentiment turns. I have seen this many times especially in miners. The more prolonged and brutal the bear market is the more spectacular the gains often are on the upside.

Gold keeps making new highs every month now which means our portfolio grows more valuable by the day. There is no question about Springpole getting permitted because at these gold leves this mine will shower the region with money. Everyone will soon be begging for the ministry to grant the permit fast because they know this is a cash flow monster.

Duparquet also is a multi billion dollar asset if gold keeps rising and they manage to grow it into a 10m+ ounce deposit.

[Implanting]

I just ran across this short article about the upcoming BRICS conference and it says Putin is set to INTRODUCE A NEW BRICS MODEL.

So, what exactly that all entails will be interesting to hear. We know that Russia has itself moved more to gold and out of dollar holdings because of sanctions levied on them. The article also mentions that other countries around the world are knocking the door down to join the BRICS alliance. The article mentions 34 countries interested in joining. That doesn't sound too good for the Western alliance countries. I saw something the other day about Turkey wanting to join and they're currently in NATO. LOL

https://www.msn.com/en-us/money/markets/putin-ready-to-present-new-brics-model/ar-AA1qswPz?ocid=msedgntp&pc=U531&cvid=f00f9b8553e3439ab2872a52a36e8aa0&ei=22

[Implanting]

IMO this is why PM's will be going through the roof SOON. Check this article out. This is why the Jamie Dimon's and Ray Dalio's of the world are shitting their pants.

The spending/debt bomb is about to explode and what happens AFTER it does is anyone's guess. The sad part is you only hear a few people even talking about it in the MSM. A big flight out of the dollar is going to have to happen in the not-too-distant future, as the spending numbers get too big to even put on paper.

https://www.zerohedge.com/markets/endgame-interest-us-debt-surpasses-1-trillion-first-time-ever-exploding-august-budget

[Implanting]

IMO there will be other chances to add before we see our share price rise for good. That's ONLY if we don't get some sort of game-changing, company specific news, like a buy-out or big JV deal. That, of course, should change the whole picture for us and move our share price immediately higher, so we have to weigh the risk-reward situation going forward in that regard. Other buyers are stepping up now, so that's a good sign to me.

Any short term impact from the BRICS conference should revolve around what they plan to do with some sort of payment arrangement. You may remember last year everyone was on pins and needles awaiting something on that and they didn't really talk about it in any detail. It was a big NOTHING BURGER.

Will it be discussed this year? Maybe, but IMO until they start talking about involving gold and commodities into the payment exchange mix, we shouldn't see a big benefit for a higher gold price move, but maybe that's what they want in order to acquire gold on the cheap.

The conference is in Russia this year from Oct.22-24

https://brics-russia2024.ru/en/calendar/

[SeaBlue]

I lost my chance today, but maybe we'll see a big temporary dip if the market corrects. I suspect if that occurs everyone on this board will be buying.

Some people and/or institutions could be picking up shares for both of the reasons you have mentioned. Maybe they have looked at the situation in much the same way you have and come to the conclusion something is going on and that they better get in on it.

More and more countries are joining BRICS. Do you see any short-term impact from this?

[Implanting]

I'm curious if these folks adding these big blocks of shares are just buying to get in at these levels or if they think we've seen the bottom? We've hovered around the 9-10 cent range now for quite a while. Maybe they don't really care about a few cents? I would think if you're adding hundreds of thousands of shares or like Traderjoe said he added a million. Those people should be holding for a much bigger, longer-term move in our share price. Do they know something that peons like me don't know? I'm speaking to something company specific.

I'll be surprised that if the market and gold eventually take a dive that the miners don't correct too, which should mean a lower share price.

We just past the 4-month anniversary of Keith adding any shares on the open market. Hmmmm

[SeaBlue]

I tried to buy at .095 but it has not filled. EOM

[Implanting]

Another big volume day today for FFMGF, over 1.3 million shares traded. It would appear that another big buyer is coming into the Company. These shares should be held in strong hands.

[Implanting]

Interesting interview. from Lekstrom. I wish FMG was at the stage that Nexgold is currently at. IMO that would have us positioned perfectly for the big leg up in gold that's coming. I believe he said they were probably 18 months from first shovels in the ground to build the mine at Goliath. By that time the gold price should be screaming higher would be my guess.

Another big thing that caught my attention was he made the point more than once about HAVING THE RIGHT TEAM IN PLACE TO BUILD THE MINE. Lekstrom mentioned that a couple of times and about how hard it is to find the people to do it. He was confident that Wyeth and the people under him were up to the task.

That's why I think probably after some point following Springpole getting permitted that we make that move to find our mine building team. If you recall that's what happened at Treasury. They fired the CEO and hired Wyeth if you recall. This is why I think Dan will be replaced in some capacity as CEO, after Springpole is permitted and maybe after we get a JV deal done. Time will tell.

[SeaBlue]

Latest from Lekstrom at NexGold. I did not hear anything new.

[SeaBlue]

Good article about crypto. If you have crypto, best to hold it outside an exchange.

[Implanting]

This article about crypto scams and theft is exactly why I won't own any crypto. If I can't hold it in my hand, then I really don't think it's safe. IMO anything is hackable and therefore subject to being stolen.

https://www.zerohedge.com/crypto/americans-lost-56-billion-cryptocurrency-scams-last-year-fbi-says

[Implanting]

Yes, I think we'll continue to see these deals getting done in more rapid fashion now as the big gold mining companies look to consolidate and add to their reserves. This is what happened also with the FM purchase of Gato in the silver sector. M&A deals that bring more ounces directly to the bottom-line of the acquiring company.

When will our time come? Hard to say, but it will come.

[TommyJ7651]

Nice! I think what is important here again is the production profile of the acquisition. This deal will boost AngloGold's production by 450k ounces per year. These are exactly the kinds of production figures the majors want to see when they make a move. They are going to want at least 300k ounces per year of production in any new major acquisitions which sets us up nicely for future acquisitions.

[Implanting]

Here's a great short article giving a history of how the U.S. has gone from real money (gold/silver) fake money, FIAT.

IMO this is why NOW the world is moving back towards some sort of gold/commodity-based form of exchange. Trust in a fiat backed currencies are eventually
going to go extinct, unless the Powers That Be take total control of ALL assets. Fiat debt creation can't go on forever and the day of reckoning is rapidly approaching.

I just saw Elon Musk speaking on TV about how the U.S. is bankrupt right now.

https://www.zerohedge.com/news/2024-09-09/shell-game-how-americas-money-devolved-gold-fiat

[Implanting]

Gold mining deals continue to get done. This is obviously in anticipation of a higher gold price moving forward.

https://www.marketwatch.com/story/anglogold-ashanti-strikes-2-5-billion-deal-to-buy-egyptian-gold-miner-centamin-adc224ea?mod=home-page

[Implanting]

As I recall Dan mentioned something about this on the webinar the other day. This is good because it will strengthen the case for a district region beyond just what gold is at the Springple site. Potential buyers/partners want to see more gold around the Springpole mine site that will add more years to production at the mine.

https://firstmininggold.com/news/first-mining-expands-and-advances-high-grade-gold--discovery-at-its-birch-uchi-greenstone-belt-exploration-project

[SeaBlue]

For some reason the First Mining website won't load on my computer, but they came out with some positive news regarding discoveries around the Springpole property (as Dan mentioned during the video a few days ago).

[Implanting]

I don't see Dan as inept or worthy of being let-go AT THIS STAGE OF THE GAME. I believe Keith's biggest purpose for him has been to get Springpole permitted and although there have been many timeline set-backs with that endeavor, it's appears it's finally going to get done. My biggest issue with Dan is his lack of credibility. He's said a lot of things over the years that have been borderline false or deceptive in nature. This talk about a starter pit at Duparquet is IMO the latest one. I believe he brought that whole thing up simply to stir up interest in the Company. I don't believe it was based in reality or something he had intentions to move forward. I also don't think Dan is actually qualified to be the CEO of a mining company, his whole tenure with FMG has been a work-in-progress IMO.

I don't care about how many years of M&A experience Dan claims to have. My opinion on the deals he's done starts with what he's done since he came onboard with FMG. He practically GAVE AWAY Pickle Crow to Auteco in that deal. I don't know how much input Keith had in the deal, but IMO that was a terrible move for us. Goldlund and Big Ridge were done more favorably IMO, so the deals done while he's been in charge have been MIXED at best.

My guess is Keith needs Dan to "hold the fort" until we get Springpole permitted and possibly get a JV deal done. I think we can all agree here getting more financing going forward is very important for us. After that IMO Dan is expendable and could be replaced for someone more qualified.

I personally hope Keith will make that move, if he can. I say that as a shareholder in this company.
Bring someone in that helps our share price. I don't think Dan's presence has.

[TommyJ7651]

With regards to this issue people should pay attention to what Dan specifically said in the interview regarding FFMG being taken out too cheap: "I don't think there is a scenario where Keith Neumeyer wants this company to be bought out too cheap. I think there is always another path for us to take to generate competitive tension and surface a better market value."

This statement clearly tells me that Keith is the one who calls the shots. I think FFMG has received some offers already but Keith has stated many times he is being very greedy with these assets (as he should be) and he has probably just turned them down on the spot if he felt the deal is not good enough.

I think it's quite a stretch to call Dan "a very bad negotiator" when he has over 25 years of M&A experience in the mining space and has advised and put together deals for 10B dollars in total. It is exactly this kind of M&A experience we need when negotiating a potential JV or Earn-in agreement with a major and any potential deal will of course be screened by Keith as well. If Keith really thought the dude was unfit to be CEO then believe me he would have fired him on the spot. Keith is a complete shark in the industry and he is after all the main reason most of us invested in this company. If Keith trusts Dan to be the right CEO then I trust him as well.

We are still in a period now of no insider buiyng/selling for many months which could indicate something bigger is happening behind the scenes. But people should have no doubt about FFMG shareholders getting the best deal possible when we eventually reach that stage. This company has been Keith's darling since he put it together in 2015. He will not have waited for 10+ years and invested millions of dollars just to see his company get taken out in some kind of BS deal where FFMG gets totally screwed. When the "right" deal appears then Keith will give his blessings and that's that.

Our situation is really quite simple. We are waiting for the EA permits to be issued to FFMG and if a deal can be negotiated before that then great. Other than that it is a "waiting game" which as Keith has stated many times is "super boring" for investors.

[Implanting]

I really like looking at the LONG TERM history of what the gold price has done because it's a clear road map for the percentage moves that have occurred and shows us how large the coming moves may be. That's what technical analysis is all about, past moves in relation to future moves.

Soloway does an excellent job of explaining that. He makes the comment too that for gold to reach $6K there's going to be a LOT of problems going on in the world and I would agree with that comment. I still think we could at some point see gold repriced higher in order for it to get to those levels.

Who knows where the FMG share price will be at those gold prices. Depends on what this management does in keeping the assets we currently hold.

[SeaBlue]

I hope his 5-year target price of $6,000 is achieved. If the US keeps going with 1 trillion every 3 months then we might not have to wait 5 years.

[Implanting]

Recent interview with Gareth Soloway. He gives his TA on gold and it sounds a lot like what Chris Vermeulen has been saying. Their near-term target top is $2660 with a pullback after that. Listen to what he gives as a possible 5 years out target price.

[Implanting]

The only person selling stock faster than Warren Buffett is the Nvidia CEO. What's he know?

https://www.marketwatch.com/story/ceo-jensen-huang-has-sold-more-than-633-million-in-nvidia-stock-since-june-bdb00df6?mod=home-page