Gold and Silver miners (Jr and Exploration)

[baystock1]

That would be news to me that Jim Voisin sold 6 million shares in last 7 months. I count 1 million shares being sold in the last 6 months:
https://www.canadianinsider.com/company?ticker=FMG

I do know that he is not taking any salary the last few years and has been selling shares to meet personal and company expenses. I heard he has depleted all his savings as he has stuck with this company the last few years.

The share count since the IPO increased from around 40 million to the current 90 million since 2012, of which 10 million shares were recently issued when the $10 million financing was announced last year. I would assume several millions of those would go to him. The financing has not closed and is still in progress. Who knows it may not close. But with gold headed to $1500+ and silver to $25+ over the next year, I think other financing options will open up, if the current one falls thru. While we wait the CEO has shown that he can keep the company afloat without destroying the share structure thru dilution.

I do agree that there is more uncertainty with this stock, but it is priced in. You can call Jim Voisin and ask him any questions you like: 519-699-5352. My strategy is to invest a pool of money into 3-4 stocks with 20-50x potential. The other 2 are TLT.V (cancer biotech) and GRB.V (real estate block chain).

This is what I posted on Stockhouse and CEO websites a few weeks ago around the time I was buying into FMG:
Bought back in this week
I bought back in this week my position that I briefly held for a few weeks in 2017. Here are my thoughts from my initial DD research:

Pros:
-very nice property with high grade near suface deposit which looks to be heap leachable. Lots of exploration upside.
-high percentage of metal value being silver gives nice leverage to silver. There are not many silver plays. And the second most valuable metal is gold which is much more preferable than the base metals of most other silver plays. This could be an extremely low cost silver producer after taking into count credits from gold by-product.
-potential for starting up a small scale, low capex, heap leach operation that could be very profitable and help fund the development of the rest of the property.
-very low valuation of under C$2 million
-very high insider ownership by CEO and who is also very frugal, trustworthy and considerate about not diluting existing shareholders.

Cons:
-Ability of management (CEO) to execute is a big question mark. He definitely picked a great project as the foundation for the company. But so far he has been unable to close on a JV deal or financing deal after multiple attempts. If he is able to raise the needed financing can he execute on all the complexities involved with starting up a new mine ? His past track record prior to FMG provides very low confidence on this score. However his ability to survive the long painful slump in the junior resource market since 2011 with the share structure intact and still owning the property is a very big positive.