Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This should really get the PM prices jumping in a big way. I've read many people talking about 2027 as a critical year for war and conflict.
Just imagine what a cluster-fuck it will be with Harris as Pez. Wars are inherently very inflationary, we may not even be able to get our minds around how bad the inflation will be by then.
Of course, we also know the Elites want war to get everyone distracted from how bad they've made it for everyone. Get ready.
https://www.zerohedge.com/military/us-navy-directed-prepare-war-china-2027
Good Luke Gromen interview with David Lin. He speaks to bigger picture issues at the start of the interview, but at the end speaks about gold and gold miners still being way undervalued. He sees big inflation coming down the road.
Good Luke Gromen interview with David Lin. He speaks to bigger picture issues at the start of the interview, but at the end speaks about gold and gold miners still being way undervalued. He sees big inflation coming down the road.
I'm unsure on how many shares they want to sell in these offerings. We know what they want to give the Underwriters and as far as the private placement goes I suppose it comes down to how many more shares they want to release. So, I see that as an unknown. I don't think they want the blowback from doing another offer unless they absolutely have to.
I hope this is the last one they have to do and I have the feeling it is. Paul told me our deadline for getting the EA submission done is the end of October, so that should happen barring any impending problems. IMO all this action is pointing to that getting done.
The companies in the mining sector are ALL relatively unknown. The general investing public has absolutely no knowledge of companies like FMG.
The only time we see money coming into this sector is when gold prices spike higher and eventually people realize the PRODUCING miners are really making a shitload of money, then those companies benefit. This sector is feast or famine, mostly famine.
As the cycle begins to mature and play out the money coming into the mining sector broadens out. Moving next into the developers and juniors. That's starting to begin, so most of the attention we should be getting is still in front of us. That rotation out of the broader stock market and into commodities has to also come about.
Most investors don't mess with specific miners because they know nothing about them. They just buy an ETF or index when the sector heats up. If you don't know the companies that probably the wise way to go.
I'm thinking a lot of the action we saw in the share price yesterday was caused by the new offering. Those newly diluted shares we're most likely being issued yesterday. I don't know that for fact, but why not, the news about the offering broke yesterday.
Near the end of the PR it states this: The Bought Deal offer is expected to close on before Sept.26, 2024 and the non-brokered offering is expected to close on or before Oct.10 2024
So, what that tells me is we can expect some weakness in the share price moving forward as the market digests these new shares. As we get closer to those closing dates, I would expect to see some good buy-in prices showing up. It will be interesting to see how low our share price goes.
Yes, I think you're making a good point with most of our shares being held in strong hands. I'm not losing sleep over a hostile takeover because depending on how many potential suitors are in the mix to do a deal or buy us outright we could get into a bidding war and that could move our shares higher very quickly. I hope whoever is in talks with us has the mining background to do this right and not play games by trying to steal something. I think that has much to do with our Management too.
IMO most of the share even on the retail side are looking for much higher returns, I don't see our shares being day traded a lot, most folks are holding for big gains down the road.
Yes, that's it. As I read this PR a time or two it appears to me that this may be the last offering before we finally get some good news on a deal.
I say that only because it looks to me like FMG is ALLOWING these Underwriters to load up on shares before the lift off. That in addition to the private placement. I may be wrong, but that's my take.
Maybe, but depending on when a deal is announced and the Company has access to money from the deal, would anything make a difference, but we don't know that.
My suspicion is we need the money from the offering and that even though we may be talking to potential deals getting done, nothing's been finalized yet. The company still needs working capital, but I noticed in the PR that two of the companies that cover FMG are big buyers in this offering, so was this offering some sort of pay-off to them? Who knows, but one hand washes the other.
IMO the Company Insiders have all their shares and are loaded for the move higher.
https://firstmininggold.com/news/first-mining-announces-7-million-bought-deal-public-offering-and-non-brokered-private-placement
I don't want to see the dilution, but I perceive it as something that has to happen UNTIL we get a deal done. If they can't raise money through share dilution now, the company won't exist. We go broke. I see this dilution as a bridge for the company surviving until we get a deal done. I'm almost desensitized to it now because it's literally gone on for years. As COminer said this has probably been about offer 5 or 6 since Dan said we wouldn't have to do another offering. LOL
IMO nothing short of a much higher gold price, a big pivot into the miners, or more specifically a deal getting done for us is going to change anything for our share price. I only hope this is the last share offering, but it may not be. The cash they're raising gets smaller as our share price falls.
Yep, a lot of selling and maybe some buying too.
I think this last interview Keith did may have been front running this news today. Get the share price up before a big flush down.
Imagine where the share price would be now if we had been trading below .10 before today's news?
Zen, many of us have been complaining about the continued share dilution, unfortunately IMO this is the route Keith has taken. It hasn't stopped and I wouldn't in reality expect it to stop until we obtain some financial freedom by doing a deal that ensures we don't have to dilute going forward. I hate to say it, but even with the assets we have the story here hasn't been believable to a larger audience. I truly think that will change in time with a higher gold price and interest finally coming back into the mining sector. These moves seemingly take forever to happen.
There's no doubt that the massive share count we have has also been a downer for anyone wanting to invest into this Company. When people see the float we have they turn and run. I hope when we finally get a deal done they do as You suggested and start up a share buy back program. That would be fantastic to see when we have the money to do so.
Good things are coming I think, so keep the faith and keep posting. thanks
P.S.: Keith has repeatedly said NO REVERSE STOCK SPLITS. I hope to God he stands by his words on that.
Nsnz33, IMO this is one of your best posts to date on this board. I think I agree with almost everything you said.
It may have been the last time or one before that I asked Paul Harris why the Hell the EA was being pushed back to October. I was under the impression it was an issue stemming from the Canadian gov. side, but Paul told me that October was our DEADLINE to have it submitted. In other words our time was up to get it submitted. Paul didn't know the details, but that certainly struck me as odd. Take from it what you will. Could dragging your feet be a reason? I don't know.
Your cow milking theory is plausible IMO too, but what about this? Dan may already know his time AFTER Springpole gets EA approval and the mine building phase of the journey starts that his time as CEO may be numbered. My geuss is he would either be demoted in some fashion with the Company or let go altogether, so Keith sets him up with his golden parachute. LOL
Whatever they may have cooked up between themselves I could really give a rat's ass. Let's get the ball rolling on our share price before we all die of old age here. The Snake Oil Salesman isn't a very good one for our share price and after all, that's really what matters.
I'm going to be very disappointed if we don't have some sort of deal done giving this Company financial freedom by the end of Q1 2025. If it hasn't happened by then IMO we're either not talking with who we need to be talking to or there are no legit deals on the table.
Dan can talk all he wants about the starter pit at Duparquet, but until we get some money from some source other than share dilution, that I don't see happening.
More rhetoric to get people interested. I want to see some results and nothing's going to happen without money to do it.
Wow, VERY WELL SAID! Your 100% right on every point you made.
Is there any wonder every time he talks about why our share price is so undervalued that's
a fucking slap in our face. No credibility tends to work that way.
Zen, thank you for your input here. Most of my concerns revolve around some of what you're talking about.
The main one being continued share dilution and why IMO it's so crucial to get a deal done to finally put to rest this continuing dilution. Dilution that I might add Dan said would stop literally years ago. More bullshit on his part because that never came close to happening.
It's clear in my mind that this dilution is going to continue UNTIL a deal is announced and the financial situation with FMG changes dramatically. A deal that makes further share dilution NO LONGER NECCESARY and puts FMG in a place of financial security. The good news, if I'm right, is that process may be going on as we speak. Keith even made the statement in this last interview that Dan was talking to various interested parties. How far are we from getting something done? That's up to speculation, but if they're talking to interested parties IMO that's a good thing.
I know big deals don't get done overnight and if they're speaking to multiple parties my guess is it could get long and drawn out. All shareholders in this Company want to see this Management get the best deal possible for us, because we've damn sure waited long enough to see it happen.
My hope is this is the last share dilution we have to endure before this long wait is finally over. That's my 2 cents.
Another thing I can't figure out is WHY the Hell isn't FMG getting any love or attention from within the mining sector itself? Mine developers like us should be on the radar screen of everyone covering the mining sector and we're on the precipice of submitting the EA for Springpole.
I guess it's going to take some actual news breaking on a deal getting done before anyone gives us credit.in the mining space. Amazing.
Thanks for posting that video.
What I heard coming from Dan is that they may be leaning towards doing some sort of deal like what we recently saw with the Goldfields/Osisko buyout. I say that because he talked about it in some detail, more than any other option. That would be a partnership with someone initially, most likely with the partner having an option to buy-out the balance of the project at some point in the future. A much higher gold price would make that VERY attractive to a future partner.
So, if that's where they want to take it, my guess would be that happens with only ONE of our flagship projects. That should leave the other one for us to develop ON OUR OWN going forward or maybe to do a future partner deal with FM. IMO our biggest goal is to get some money together from most
likely an outside partner WITH BIG POCKETS. That would put us in a good place funding-wise and to develop our assets like Cameron going forward too.
How many of those Players are out there available to partner with us? I don't know, but my guess would be the list is short. It's still mind boggling to see how cheap our shares are currently, even with what is obviously going on. Goes to show how unloved this sector is and has been.
Recent Gary Savage TA interview. He's very bullish both gold and silver, more so on silver once it gets going. Good listen.
In the interview with Keith and Ron, Paul spoke about both Duparquet and Springpole. IMO he should have been speaking in terms of our TOTAL aggregate benefit of the rising gold price. He obviously wasn't to your point. It confused me when I heard Paul say it and only until you brought it to light, did it make sense.
More excellent words of wisdom from Steve Hanke. This Man knows his stuff and more importantly, he speaks his mind. Hanke states in this interview that inflation will continue lower because of the drop in the money supply. The only thing I would ask Hanke if that's truly the case why aren't food prices falling, because they're currently NOT falling at Walmart or any other store I go into. Maybe those prices don't begin falling again UNTIL we are in the throes of a bad recession and ALL spending drops dramatically, which will in turn have them dropping rates VERY quickly.
Another thing he spoke to that I found interesting was that anytime the Fed drops .50 points at the beginning of a rate cutting cycle that portends we may already be in a recession, so if that's true everything Powell said about the economy yesterday is a BIG LIE. This is why IMO we can expect some sort of "crash" event to come into play to give these Idiots an out. They have to make an attempt to cover their ass when all Hell breaks loose.
So, Paul should have said $250M for every $100 higher in the gold price. We own both properties.
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
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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
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
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?
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
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.
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
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