First Mining Gold Corp (FFMGF)

[eik]

I think GDXJ selling is almost done by now.

The MVIS Global Junior Gold Miners Index is set to be reviewed and rebalanced on June 9th 2017. It will take about a week for GDXJ to rebalance accordingly. After that it will actually become “large mid-tier to small major” gold ETF". Then, within 12-24 months, a new ETF for juniors to replace the demand of the old GDXJ will be created. So, this new ETF will be (or already is) buying FF shares sold by GDXJ and maybe more. https://katusaresearch.com/junior-gold-stock-etf-poised-create-fire-sale-opportunity-gold-stocks/

The Scotiabank report says that GDXJ "could have to sell $2.6B across existing index constituents," which represents "2.5 percent to 8 percent of the total shares outstanding of each existing index constituent."
http://www.cnbc.com/2017/04/18/popular-gold-miner-etf-to-change-dramatically.html

Not sure how many FF shares GDXJ held when selling started, but let's say it was 76 mln (holdings on 5/10/2017). Then new planned range (2.5-8% less) will be 70-74 mln shares. Even higher because my initial 76 mln is worst case scenario.

Finally, as of 06/02/17 GDXJ position was 72,494,183 shares
https://www.vaneck.com/etf/equity/gdxj/holdings/
This is right in the middle of planned 70-74 mln range, and probably even closer to the bottom number. So, the GDXJ selling is almost done and FF price will rise when "new Junior ETF" will start building it's portfolio.