First Mining Gold Corp (FFMGF)

[SeaBlue]

These days ANYTHING is possible. I sure hope not. Luckily the site is quite far away from any major metro area, lowering the possibility of such nonsense.

[Nsnz33]

Watch em change their name to SystemicRacismLGBT Mining Metals

[SeaBlue]

Not that it matters, but looks like Blackrock tossed a few bucks into Auteco. Hopefully they don't start making woke demands of the company.
https://wcsecure.weblink.com.au/pdf/FFM/02794727.pdf

[SeaBlue]

The optics on this are not good, but perhaps as Implanting mentioned there is a valid reason to sell right now. We'll have to make sure to toss in a question or two about it during the next webinar. Thanks for posting it.

[Implanting]

I'm curious if this transaction had more to do with them getting their shares count down below the 10% threshold?

I don't really see how selling nearly a quarter of your Treasury shares at this price is a good move? If they only did it to raise some cash, IMO they're really hurting to raise money.

[joe_techi]

EARLY WARNING PRESS RELEASE IN RESPECT OF DISPOSITION OF COMMON SHARES OF TREASURY METALS INC.

VANCOUVER, BC, May 7, 2024 /CNW/ - First Mining Gold Corp. ("First Mining") announces today that on May 6, 2024, it disposed of 4,539,000 common shares of Treasury Metals Inc. (TSX: TML) ("Treasury") at a price of $0.22 per share for gross proceeds of approximately $1.0 million through the facilities of the Toronto Stock Exchange (the "Transaction").

Immediately prior to the Transaction, First Mining owned 20,000,311 common shares of Treasury, representing approximately 10.69% of the issued and outstanding common shares of Treasury (calculated on a non-diluted basis). Immediately following the Transaction, First Mining held beneficial ownership of, or control and direction over, an aggregate of 15,461,311 common shares of Treasury, representing approximately 8.26% of the issued and outstanding common shares of Treasury (calculated on a non-diluted basis). Accordingly, First Mining is no longer a "reporting insider" of Treasury, as such term is defined under applicable securities laws, as First Mining has fallen below the 10% reporting threshold.

In the future, First Mining may acquire additional securities of Treasury or dispose of such securities subject to a number of factors, including general market and economic conditions and other available investment and business opportunities.

https://finance.yahoo.com/news/early-warning-press-release-respect-110000042.html

[Implanting]

I just listened to Neil Cavuto interview a Rep.Jody Harrington from Texas talking about the debt problem. This was a big point that he made, that being a lot of the money being spent is the result of government WASTE, FRAUD, and OVERSPENDING on everything. He gave a lot of examples of how the government is just throwing money away and not concerned with price or belt-tightening. We're the government, we can just print money out of thin air.

This is big government in spades. This why governments implode and collapse. Raising taxes is just going to worsen the problem. What needs to happen is the GOVERNMENT has to reduce their spending and clean up those 3 things that Harrington was talking about. The problem can be dealt with IF the politicians will make this worthless government work the way it should. I'm skeptical they'll do it.

[Implanting]

I would add this point to the conversation about the debt. There's a lady I see quite often on Fox and CNBC. She was on prime time Brett Baier yesterday talking mainly to Social Security and Medicare being insolvent with consensus being it can only last about 10 more years.

She was making the very valid point that the politicians USED to talk about the debt and what was needed to do to fix the problem. Now they won't even address the issue of the debt problem. So, what's that tell us? It tells me that the people supposedly running this country know we're already in a debt death spiral. If we continue down the path we're on with spending, we're done and they know this already. Just like everything they do in government they'll wait until it's too late to fix the problems and cause another Great Depression or worse.

Nobody wants to face the music in D.C. about this problem, so we will just continue forward until the train wreck happens. All the more reasons to be in physical PM's and miners until you sell them too.

[Implanting]

The politicians won't talk about it because they know the spending and fiat money creation CAN'T stop if they want to stay in office. Even Donald Trump and the Republicans know that because only a very few of them even want to speak to the root problem. That being out-of-control government spending that just exacerbates the problem going forward. This is a huge debt issue moving forward and IMO the time will come when everyone's eyes will be opened to the fact that the U.S. is insolvent and the debt they've accumulated can't and won't be paid back. That means a total loss in faith in the dollar.

Can the Banksters do something to change the picture and head off going over the cliff? I don't see how they can, because all they know to do is create dollars out of thin air. The people in this country have been catered to for so long now they don't have a clue about tightening their belt. So, how does the picture change until it just finally reaches a breaking point? The government supports most of the population now, so what happens when that support is no longer in place or diminished greatly?

The higher inflation that's created by this is felt by EVERYBODY, even those that aren't sharp enough to know the dynamics of how it works. I think Druckenmiller is correct in his analysis, because under Biden there will be low growth (GDP) with high inflation, which is the definition of stagflation and Trump's policies should produce better growth numbers, but still have a lot of inflation, as the money printing won't stop. A recession/depression will just have them printing money to oblivion. IMO that's what Druckenmiller is saying.

[SeaBlue]

Sounds like he sees inflation whoever gets into office. Hopefully he's wrong, but odds are he's right. A huge part of this mess is the continued reckless spending which not many in politics are even talking about these days. Even people are not that sharp understand the issue when it is presented in its most basic terms.

I have heard John Rubino and Peter Schiff talking more about stagflation lately.

[Implanting]

Interesting election-based comments on what happens with PM's after the election and how policies will move the metals.

https://www.tdsecurities.com/ca/en/election-dynamics-positive-for-gold?utm_source=linkedin&utm_medium=social&utm_campaign=election_gold_dynamics&utm_content=organic&linkId=418162843

[Implanting]

Just more evidence that the stock market rally is getting long in the tooth and the end is near. Stan Druckenmiller is dumping his Nvidia stock and yesterday they were talking about Warren Buffett dumping a big chunk of his Apple holdings. Buffett made an attempt to explain why Berkshire was selling the stock, but in essence he said they would rather have it in cash, not Apple stock. My guess is the big Fish will continue to dump stock moving forward, as they see the writing on the wall.

Note the very last sentence in this article about what Druckenmiller is thinking. The comments about the election, both outcomes are positive for gold.

https://www.marketwatch.com/story/weve-had-a-hell-of-a-run-stanley-druckenmiller-cuts-nvidia-stake-b3dd5876?mod=home-page

[Implanting]

I was reading a Mike Maloney article a week or so ago that was speaking to not only China hoarding gold, but a lot of silver too. Mike was saying that the Chinese government was instructing their people to buy SILVER now because it was more affordable to own than gold.

It makes good sense to me, and this should be the natural progression of what we should see going forward because as the gold price becomes more unaffordable for the average person, they still will want to get out of their ever decreasing in value fiat. Unlike the dummies here in the West, the people in China and most of these Eastern countries understand that owning physical gold and silver are necessary and important to their savings, so they buy it regularly. Almost no one owns physical gold or silver in the U.S., they think the dollar will save them. LOL

My guess on what China does financially with the U.S. will most likely revolve around their invasion of Taiwan. I would expect them to sell as many of their U.S. treasury holdings as is feasible for them to do BEFORE such an event might happen. I don't think Xi wants to be in the same situation that Putin and Russia are in currently and I would expect China to prepare for that prior to any Taiwan invasion. China doesn't want to have the U.S. still in control financially if they want to breakaway and do their own thing. That's paramount for them

I hear a lot of pundits speaking to a 2027 timeline on when the SHTF moment may come in a "war" event happening. I'm confident the PM's will continue their march higher as we move forward.

[SeaBlue]

Interesting article. It just goes to show that it is never too late to start buying. I noticed in the last year in western markets there are more fractional gold and silver coins available - perfect for those on a budget.

One thing I heard recently - and I can't remember if it was from a video Implanting posted or some other source - that while China restricts the exit of gold from the country they do not prohibit silver from exiting. Can you imagine if they stopped allowing silver out? They really could game the market by sucking up all available silver and then prohibiting silver exports. It would be palladium from a few years ago all over again.

I am really curious to see how long they play along with the US. I guess until they sell enough Treasuries? Since they are playing into potential strength I suspect they'll hold out as long as possible. What do you think?

[Implanting]

The Chinese people are loading up on gold and silver now. I read an article saying the Chinese gov. is telling the people to buy silver now and not as much gold.

The East is controlling the gold price now. That's no good for the West's hopes going forward. This article talks about what's happening.

https://www.businesstimes.com.sg/wealth/wealth-investing/spotlight-1/china-buying-gold-theres-no-tomorrow

[Implanting]

I also found what he said about Trump NOT getting rid of Powell rather controversial, even after Trump told Maria Bartiromo he wouldn't keep Powell as the Fed Chair. We'll have to wait and see what happens. My guess would be that Macleod thinks all Hell may be breaking loose by the first of next year and Trump wouldn't be ABLE to replace him if the SHTF moment is upon him.

I see Macleod as more of a gold historian and Peter Schiff as more of a gold economist type. I would agree that they both have a broad knowledge of REAL MONEY and the scams being played out by the Elites. They're both spot on in the commentary they give.

[SeaBlue]

Great discussion. When I listen to him it reminds me of Peter Schiff because Macleod's knowledge is so deep. I always find his knowledge of China top notch. I wonder if he ever worked in Hong Kong? I wonder if he is right saying Trump might not fire Powell upon getting into office as it might cause some currency turmoil?

[Implanting]

Talk about an ALL STAR list of guests in this video, this one has several. Great commentary from them all.

[Implanting]

As usual, fantastic commentary from Alasdair Macleod. This Man knows more about gold and what's going on currently with gold than anybody I can think of.

[Implanting]

This is the same Dummy that said the inflation would be transitory. They don't have a clue.
Note what UBS is saying to buy if stagflation becomes a problem.

https://www.marketwatch.com/story/powell-says-he-doesnt-see-stag-or-flation-ubs-has-a-playbook-if-hes-wrong-9d06450d?mod=search_headline

[Implanting]

My mistake, that was last month. April. LOL

[Implanting]

I see Keith made another boring 250K FF share purchase day before yesterday. Ho Hum.....

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

[Implanting]

Yes, that was my point from my prior post. This deal was done (by Frank G.) to give BW shareholders that big stock price boost that will happen as a result of the Goliath mine construction to the first pour.

The upside potential for Treasury shares will go up exponentially during that time and now BW shareholders and Frank G. can enjoy that ride. This will be the same dynamic that FMG shareholders will have when our mine construction decision finally arrives. That's the reason I think Frank G. may at some point in the future be buying into us. This isn't rocket science; it's simply looking at the developers that are closer than others to building new mines. Treasury should be in that sweet spot along with a gold bull market wave to boot.

Another thing that confirms that theory is that when most mining deals happen it's because of land package consolidation Much like what was done with the way we sold Goldlund to Treasury. A move that COMBINES adjoining properties. That was far from the case in this deal. Nothing BW has is really even close in proximity to our land packages, unless maybe Hopebrook. That seemed a bit strange when I first saw what BW held, but as I said this deal was IMO done mainly to consolidate BW shares under the Treasury brand to ride this future wave higher. Frank G. and Keith both knew this and that's why this deal is happening.

[SeaBlue]

Lekstrom had a good command of a few key topics, though you would hope for that from any CEO. In addition, even with timelines in mind things always pop us that push them further out. That being said, this transaction gives me more confidence in Treasury. No doubt they will discover more gold on the trendline that Goldlund and Miller are on. What was that saying Jeff Clark had? Something like 90% of companies move 90% between construction decision and first pour or something to that effect.

[Implanting]

This interview turned out much in the way I had expected it to. This deal was put together by Frank G. and his people to aid BW move their cause forward. Keith or Dan were never mentioned, but they had their say in what went on here too, especially Keith.

He talked about all the DD that he and Jeremy Wyeth did in getting this deal done, but at the end of the day the final approval was given by Keith and confirmed by Frank G., these other folks were just there to hash out the details. The main thing that happens in this deal for BW are, they get to enjoy the ride that comes in the upside move on the Lassonde Curve, when the mine construction comes. Shareholders of BW stock will not have to sit and wait for their shares to appreciate at a much, much, later date. Frank G. and BW shareholders get to ride the bull market higher too. If I were a BW shareholder, I would be happy as hell with this deal. Frank G. knows that was his goal to do here.

The biggest upside that Treasury is getting will be what Frank G. brings for financing the Goliath mine construction and I'm sure it will be a lot, so as he said in the interview there will be much more coming out in the near future. I thought I heard him say that the plans for mine construction could come as soon as the next 12 months. Any big weakness in the Treasury shares before then would be a great buying opportunity.

I could be wrong, but I still believe Frank G. owes us more than what we got from this deal. Sure, all the Treasury shares we're holding will go up in value sooner than later, but if Keith is who I think he is, my guess is we may not have heard the last from Frank G.

My suspicion is that Keith may be holding his feet to the fire on coming in as an investor in FMG. Time will tell on that prediction. We did Frank a favor, maybe he can return the favor to us? LOL

[SeaBlue]

Treasury deal 14 minute podcast. Short and informative.
https://podcasters.spotify.com/pod/show/mining-stock-daily/episodes/Treasury-Metals-and-Blackwolf-Combine-to-Advance-Goliath-Gold-Complex-Project-in-Ontario-e2j6271/a-ab7rht1

[Implanting]

How come it's not a big surprise that the jobs numbers were down in April? No surprise, because that's exactly what the Banksters WANT to see so they can begin cutting rates again. My guess is the employment numbers will get worse moving forward now. BECAUSE that's what the Powers That Be want to see.

https://www.zerohedge.com/markets/april-payrolls-unexpectedly-plunge-biggest-miss-2021-unemployment-rate-rises

Of course, this is ultimately good for PM's in the long run.

[Implanting]

I can't give the specifics of any degree of difficulty in separating the metals, but I don't think that's a problem. Many copper miners have a by-product of what. GOLD.

I think the presence of gold and copper deposits being together are more common than just finding a sole gold deposit. I would think running a copper mining operation might be a larger, more work-intensive type mining operation. Copper mining would to me be larger ore numbers because you're digging for MORE copper than you would be for say just gold.

[Implanting]

I think there's NO DOUBT that Blackwolf's association with Frank G. is very much a key part of this deal. It most likely was the biggest reason for the deal getting done.

Why? Because Blackwolf's assets can be further developed as Goliath moves ahead and is built. When Goliath is operational it will be the cash cow to further all the assets Treasury will have in-house. Frank is voting his shares for the merger because he'll be onboard to see that get done. I would think that once the mine financing time comes, he'll be instrumental in getting that money for it.

As I said in my last post, I believe this deal is weighted more FOR Blackwolf than really for Treasury, although it would appear BW has some good assets, but I certainly believe that a very big part of this deal getting done was because of Frank G's stake in BW.

Does that mean FMG could have some dealings with Frank G. and his big money going forward? It would be pure speculation at this point in time, but I certainly wouldn't rule it out.

[SeaBlue]

Just finished reading the article. The Niblack looks good. Anyone here have any idea of the level of difficulty of separating the various metals?

[SeaBlue]

Thanks for sharing the video. It is interesting and something fresh to follow. Their port access reminds me of Hope Brook. Hopefully Giustra's association with this company and the now larger company will give it some higher credibility and visibility when it comes to financing Goliath's upcoming construction.

[Implanting]

Here's the CEO of Blackwolf talking about their assets. Pretty interesting for sure.
This video has been out less than a day, but he doesn't mention anything about the deal with Treasury.

[Implanting]

O.K., here's a good article about the Treasury buyout of Blackwolf. It gives clarity to what's going on with the transaction. A good read.

https://www.mining.com/treasury-metals-buys-giustra-backed-blackwolf-copper-and-gold/

I always attempt to read between the lines or connect the dots of situations like this, so this is purely speculation on my part. We know FMG is the largest shareholder of Treasury shares, so we had some say in this deal being done. Frank Giustra is a big holder of Blackwolf shares.

IMO this transaction is Treasury doing BW a big favor going forward. Of course, Treasury benefits too, but IMO BW stands to benefit more from this deal. In a roundabout way is FMG currying favor with Frank G? Maybe, who knows?

Might there be other behind-the- scenes talks going on between Keith and Frank G. about other gold mining endeavors? Dare I speculate on it. What would happen to FMG's legitimacy if a man like Frank G. took a nice stake in us? Hmmmm, just thinking out loud.

[Implanting]

Wow, IMO this is FANTASTIC NEWS! We know what a huge player Frank Giustra is in the mining sector and this deal is getting his blessing and BACKING.

Not only is this great news for Treasury, but for FMG also. I know very little about Blackwolf, but I'll be checking them out today.

Thanks for posting that PR.

[SeaBlue]

Glad to see Frank Giustra involved.
https://treasurymetals.com/news/treasury-metals-and-blackwolf-to-create-new-growth-2874042/

[Implanting]

Doug Casey doesn't do the interviews he once did, but what he says is relevant still. Here's a recent interview he does with David Lin.
He makes so much sense in what he says about over-reaching governments.

[Implanting]

News out on more drill results at Duparquet. The results look good and they're expanding the resource there, but still no word on a starter mine that I saw.

I'm going to see if I can get an audience with Paul in the next week or so to ask him about it. Finding more resources there just increases the overall value and interest at Duparquet, but what's going on with actually making some money there near-term?

https://firstmininggold.com/news/first-mining-provides-update-on-2024-exploration--program-at-the-duparquet-gold-project

[Implanting]

That was my thoughts. He's leaving because he wants to spend more time with his family or maybe because all Hell's fixing to break loose at HSBC?

I know we've talked about HSBC in the past as possibly being a weak link in the banking chain. Maybe this Guy knows something is coming and doesn't want to have to deal with it.

[SeaBlue]

Interesting timing.....I wonder what outstanding issues there made him pull the plug and bail out? I guess we'll find out.

[Implanting]

$260 BILLION in dedollarization, just between China and Russia.

https://www.cointribune.com/en/brics-260-billion-in-trade-without-a-single-dollar/

[Implanting]

Weren't we talking here in the past about potential problems for HSBC? Hmmmm.

https://www.zerohedge.com/markets/hsbc-ceo-unexpectedly-steps-down-work-life-balance

[Implanting]

This is a must watch video for this reason. Those that may not have been through a big bull market move in gold and gold stocks aren't knowledgeable about how they work. In this video David Erfle does a pretty good job talking about the progression of the move.

Listen carefully to what he's saying. He talks about when the really big move higher in the gold price will happen and how the mining shares should react with the move higher in gold. I agree 100% with what he's saying about the new bull market coming back now that the gold price cracked the $2100 mark in convincing fashion. We'll see different moves in the mining shares as the move into stocks gets wider. The senior producers will move big first with the mid-tiers next and lastly the juniors.

He's absolutely right about giving up too soon on mining shares that may not move as soon as others do. I remember that from back in 2010-11. Some mining companies didn't go crazy until late in the cycle. I really don't expect that to be the case with FMG. A positive news flow will really propel the share price higher. That's when investors will actually be looking and listening to what's being said.

[SeaBlue]

A probable scenario......all the morons in CONgress will proclaim...."if it wasn't for the cyberattack the economy would still be strong!" The Uniparty here in the USA is as strong as ever and they will seek out a scenario that allows them to continue their financial abuse of the rest of us....all the while putting on a dog-and-pony show for the folks who are still asleep in BOTH parties, making them think their reps and senators are fighting over something real when in fact they are just playing 3 card monte on those who are still asleep.

What is 3 card monte? You might know if you grew up in the 60s or 70s in any major city in the US Northeast or US Midwest. If you have never heard of it here is a great 10 minute video explaining it.

It even has its own Wikipedia page.
https://en.wikipedia.org/wiki/Three-card_monte

[Implanting]

You would think that if they were forced to do bank bail ins such an event would ultimately be rocket fuel for the prices of gold and silver. Everyone would shun the banks and that in itself would be a huge change in the financial system.

Prof. Hanke isn't a mainstream, modern-day, economist. He doesn't believe in MMT, so he's seen by most pundits as outdated or old school. When in reality he understands more about economics than these other wannabe, idiot, economists.

[SeaBlue]

I also hope if there is a massive selloff it occurs before the election. Listening to his comments about the negative money supply did also remind me of what Hanke has said before (and a few others). Hanke seems pretty darn good, so I wonder why he isn't on the financial shows more often? Oh yeah, he isn't saying what they want to hear. Lol

Even if the banksters do commit a bail-in, can you imagine all the people they will lose? Millions will shun the banks as much as possible in much the same way they did during and after the great depression. It would certainly further the case against CBDCs and make the case for gold, silver, bitcoin or anything else outside the control of the financial mafia.

[Implanting]

There's a lot of truth in what the author of that article was saying. He spoke of what might happen if there were a nuclear exchange and how that might prompt the Powers That Be to do a financial reset or make the dollar rapidly fall in value. He could be right, of course, but my guess would be more in line with some sort of orchestrated, cyber-attack that wouldn't necessarily destroy mankind, but erase much of the information on computer ledgers. A cyber reset so to speak.

That might be something conjured up by the Banksters to get them off the hook. It wouldn't have to be done by one of our enemies, although they would HAVE to blame someone for it. IMO they have probably figured out something to do that may not involve a nuclear exchange. Time will tell on what happens.

[Implanting]

Yes, well we know the Banksters allow for the speculative trading and shady games that go on behind the curtain. Not too different from the way they've manipulated PM's lower for years and years.

I agree with Dowd about there being other banks that will go under, but the big question will be which Ones and how big they are? We know the Banksters don't want another banking crisis via banking contagion to happen. If that came about and they couldn't contain it, then the bank BAIL-IN option might be what they have to do. An event like that could have gold and silver soaring higher, as people would be scared as Hell of putting any money in a bank.

I thought Dowd also made some comments much like what Prof. Steve Hanke has been saying about the now negative money supply. I actually hope and pray that we see a big market sell off at least prior to the election, so that may reflect negatively on Dementia Joe being reelected. I see a recession coming sometime this year, hopefully it arrives before the voting starts.

[SeaBlue]

Good article about the DTC if you have time to read it.
https://www.encouragingangels.org/new-blog/2024/4/27/3tzuw68c4uq0id2lgkuci047ehyk4g

[SeaBlue]

Enjoyed listening to Dowd, particularly his discussion of the Yen carry trade. Craig Hemke has talked about the Yen carry trade for years and how the arbitrage is exploited by traders. Hopefully Dowd is wrong about more banks having problems, but frankly i am surprised they have lasted this long (even with the Fed's help). Of course, as mentioned, we (taxpayers) will pay for it. What they need are some real criminal prosecutions and massive civil suits against some of the leadership of the banks if they are involved in fraud in any way. Some may just be involved in super-risky leverages bets, so that would most likely rule out criminal prosecution, but not civil suits based on their status as fiduciaries.

[Implanting]

Interesting thoughts on the gold/dollar correlation and what that may portend for a stock market correction. Seems that we're approaching the threshold that may indicate the markets are going to tank soon.

https://www.thestreet.com/etffocus/trade-ideas/gold-dollar-relationship-is-telling-you-to-prepare-for-deep-correction