Replies to post #17023 on Vlispxpert's Underground

[vlispxpert]

I really think in distressed junior miners market, this is the perfect environment for them...I don't want to see more dilution in order to do it, but then again the big boys love fat o/s...stay tuned, this one is definitely one to keep eye on...the volumes are always fat on this one...76 mill the last 10 days alone...someone's loading quietly...jmho

[vlispxpert]

Hey did you see this:

In addition, Keith Neumeyer, the Chairman of First Mining, stated "We also wanted to take this opportunity to comment on recent trading activity in the junior gold market. In December of last year, First Mining was added to the VanEck Vectors Junior Gold Miners Exchange Traded Fund (the "GDXJ"), a well-known Exchange Traded Fund that invests in junior gold companies. According to their most recent public filings, the GDXJ holds over 15% of the outstanding shares of First Mining. The GDXJ recently announced a change in their investment criteria in order to allow a larger number of companies into their portfolio so that they could distribute their capital over a larger pool of companies. These changes mean that the GDXJ will be required to significantly rebalance its portfolio. We believe that this announcement has contributed to the recent declines in the share price of First Mining, along with a number of other junior gold companies. We wanted to let investors know that it is business as usual at First Mining. We are making good progress with our exploration programs at our projects, and expect to release further drill results from our Goldlund project over the next few weeks. I remain as convinced as ever that the fundamentals for gold remain strong and that the volatility we are seeing is only a temporary distortion."