First Mining Gold Corporation (QX) (FFMGF) Quote

I only mention stagflation because I don't see costs on average decreasing to produce the goods and services. Of course it doesn't help to be importing artificial demand with open borders. It helps improve our GDP but it is money spent by governments which is borrowed.

Pullbacks and corrections are to be expected in hard assets but I don't see the environment where Gold goes up 30% this year and over next 12mo. falls 30 to 35%+. The U.S. govt is trapped in a debt spiral and no matter what they do - it is game over in my opinion. The real demand destruction I firmly believe will be that of the U.S. dollar - and good riddance.

I'm thinking we have a crash caused by one of a couple issues - take your pick. Following the crash, demand will crater and thus we'll have deflation for a bit. Predictably the Banksters and politicians will then go even wilder with QE and cause the stagflation you are looking for. We'll see. Always interesting to read everyone's take on it.

The effects of debt and the interest on it will only result in amplification of the QE.

Perfectly stated in my opinion.
I agree with everything.

What's being said in this Peter Schiff interview may be more in the direction you think we're heading.
I agree with what Schiff is saying, but in the near term I think we may see some disinflation or bouts of deflation coming BEFORE inflation returns in a big way. The Fed is trying to head it off in an attempt to drop rates faster, until they ultimately have to go back to QE or take more drastic measures.

Depending on how fast the inflation returns and everyone realizes that these Fools have no clue about what they're doing will investors pile out of their dollar holdings for real money. Gold and silver.

I hope by that time I can sell my FMG shares and do the same.

I'm not sure how complicated you want what Vermeulen is advocating to be, but markets go up and down, so do prices of commodities. That's about all we need to know. The $64 million dollar question is when does the pendulum swing the other way and how deep is the correction? I think that's very difficult for anyone to predict, but for some time now Vermeulen has been calling for that turn to come. Most of what I hear on MSM TV is saying just the opposite, so we'll see how it shakes out in time.

You could very well be right on what you're saying about stagflation. I think there's a very strong case for that outcome and since this recent Fed rate cut, I've been hearing a lot of talk about inflation reigniting higher. IMO that will come, but maybe not before we see a recession arrive that forces people to spend less than they have been. Any recession will be brief, because we know the Banksters will pull out all the stops and begin the QE again. We can throw potential wars and geopolitical issues into the mix and that's a good reason to believe ultimately, we see much higher PM prices.

We can debate how big the PM correction will be, but IMO it's going to happen. I personally can't see it dropping back below $2000/oz., but stranger things have happened.

As far as what Keith and Dan are doing, my hope is that this share dilution will stop and we get on a solid financial footing stance. We should benefit greatly going forward with where I believe the mining sector should go.

I have been expecting a major correction in the gold price for some time now. I think we are definitely due for one in the near future after such a strong upwards move. What has been surprising is that gold is still going so strong even though it would seem to be over bought short term. Central bank demand seem to be the primary driver right now, so the price might not be that big of a factor for them. If they decide to increase their gold holdings then they buy at whatever the price is.

What I think is important for us as FFMG investors is to understand that we don't really need the gold price to rise to make our assets more attractive. Springpole and Duparquet are very cash flow rich assets at a 2000$ gold price. We have an incredible margin of safety right now with the gold price at 2600-2700$ levels. Even if the gold price had a massive correction back to 2000$ or so (over 20%) then it would not really matter for FFMG's assets. Sure, if the gold price keeps on rising then of course our assets are growing more valuable by the day, but the gold price right now is basically irrelevant for FFMG. It's more of a driver for the entire sector.

What we need share price wise is the permit for Springpole, the new updated PEA for Duparquet, and most importantly, we need a good deal now after all of the hard work has been done!! We have a fantastic deck of cards with our assets in the current shortage of new gold discoveries and the rising gold price. I would be very disappointed if Dan messed this up for us now with a bad deal, but I know that won't happen because Keith won't approve a bad deal.

I think the fact that we had such a long pause in insider buying and now a strong financing round with several underwriters and also a PP would indicate we are closing in on a major announcement. The final submission for the EA is of course a big catalyst industry wise, but I think it's possible many insiders (Keith's inner circle) loaded up on cheap shares now for the final time. I would be very surprised if we don't get a deal announced before we receive the final EA permit next year or so. The bigger miners know 100% what it means to submit a final EA. It basically means you will get the permit, you only need to go through the final loops and "check the boxes" in a very formal process.

Even though the share price performance has been a massive disappointment for all of us, I think we can definitely be proud that we have finally reached this final phase. The permitting phase is the most boring phase you could possibly think of investor wise. Now we are finally entering the "deal making phase" so to speak.

Keep holding / adding guys! Trust me, we will get rewarded soon for our patience.

I didn't say you were advocating one way or the other - just commenting that I think the guy is limited in his scope/abilities. He is simplistic at best - and will be one of the last to understand the new paradigm. I am just offering a counter argument to what I think is largely B.S.

No nation has survived paying more in interest than it does on its military or any other core responsibilities (this includes Japan). You throw in 2008/09 as an example of how his prediction (he really doesnt do TA if we are honest) could be realistic. I would counter that we are in unchartered territory in debt and interest which will fundamentally alter the future of the U.S..

I do not believe we will see deflation but rather stagflation. Deflation assumes we will see falling prices but under stagflation, we will largely see increased inflation along with slower economic growth and higher unemployment. I do not see where there will be a reduction in inflation across all the asset classes. Stagflation truly feeds on an accommodative monetary policy (QE). China has already instituted QE ('however much it takes') and the U.S. will be right behind no matter the president. Do you really think you will wake up one day and see bread at $1 again or a mid tier new house for $250k? Stagflation is where gold truly shines. Lastly - what have you seen lately regarding our government which gives you any confidence that we will either return to sound money or adhere to a balanced budget? Those could be deflationary factors but instead - it is just going to be massive money printing and spending until we too have prices that change by the minute like Argentina.

If by miracle - we did have deflation, perhaps that is when Dan and Keith will finally monetize FFMGF and we can see pennies on the dollar. Thankfully, I do not think they will get the opportunity (for our sake). We are in for a long period of Stagflation. Might be some minor pullbacks on the way to around $3k upon which there is a deeper pullback to mid 2000's and then off to $3k+.

You can post whoever's TA here you want. I'm not saying what he's predicting will come true. Nobody's asking you to believe anything Vermeulen is saying.

We had a 30% correction in the gold price back in the 2008-09 time period before the big run up to $1900 gold came. Nothing goes straight up, not even the gold price.

When the air comes out of this bubble I think we're going to see everything DEFLATE, including gold and silver. Where they finally settle is anyone's guess, but IMHO they will correct significantly. Is this time different, maybe, but I'm not going to bet on it.

That's why I also think the bottom in the mining sector has most likely not happened yet either.

I would also add that Chris V. is a very big PM bull and follows it very closely, so IMO his predictions aren't based on WHAT HE WANTS TO HAPPEN, but what he sees coming, and in large part based on past history. That's what TA is.

I find his TA horribly cliche and he obviously wants metals to go lower so he can get in.

A 30% drop in gold price and a 66% drop in silver price? That means a very strong dollar and many bankrupt miners especially in silver with high AISC’s.

In an environment with massive debt and soon massive QE - how does an $1850 gold price make sense? With annual silver supply deficits and rising demand - how do we go to $13 silver or even $20?

Someone ask that guy who he thinks will sell silver at anywhere near those levels or gold under 2k. Even if Trump wins - we are in a debt spiral to be joined with massive QE. I think the low price entry / fire sale opportunities are over.

Latest TA analysis and thoughts from Chris V. He thinks we're near the end of this move in the gold price and that after the correction we'll be off to the races.

Go to about 28:50 in the video and he starts talking about what he sees going forward for gold and the miners. IMO what he says about the mining sector is spot on. Basically is that no one is focused on it yet and it will correct with the market and gold.

Silver has outperformed gold recently. Article speaking to the silver strength. IMO both gold and silver will pullback before the really big gains are seen.

https://www.marketwatch.com/articles/silver-gold-prices-interest-rates-china-4b24141e?mod=mw_latestnews

So, we see China attempting to stimulate their faltering economy ala QE just like the U.S. banksters do. Monkey see monkey do.

How's their economy going to improve if the rest of the world starts going down the tubes and a global recession ensues? That
should hit them very hard later on. IMO this market/gold rally is probably a result of this stimulus they're doing.

https://www.zerohedge.com/markets/china-goes-all-outas-xi-vows-save-private-economy-stabilitze-real-estate-and-boost-stock

Henrik predicted a lot of zigzag lines for everything (including gold and silver) before we get to stagflation and a commodities bull run.

Gold crashed in 2008 along with the market.
However, by the end of 2008 gold was still up 3.4%. 2024 and 2025 might get crazy before junior miners are rewarded.

He made a comment of $15,000 gold at one point.

What I heard him say was that he HOPED the numbers weren't manipulated and that he thought they may be wrong from the way the data is collected. Most of us, me included, see how the numbers are skewed to fit the narrative of the Banksters and politicians. Anyone with any common sense knows that goes on. Government stats aren't accurate and always backward looking.

I think he's basing his views on the numbers he's actually getting right now and they point to a nasty recession coming. His predictions remind me of what David Hunter has been saying. A blow off top with a shit storm to follow, then more massive money printing to follow that.

Wash, rinse, repeat.

I can't believe he does not think the numbers are manipulated! Referring to the Henrik Zeberg video.

The Guy being interviewed here makes a lot of sense in what he's saying IMO. Of course, MSM biz news is saying almost the opposite. LOL

The interview is almost an hour long, but what he's saying rings true to me. He says he sees bad stagflation down the road and that's a very good environment for higher gold prices.

I agree. I would like to see Management focus on getting our share price higher sooner rather than later. Whatever they have to do to make that happen.

Gold is breaking new record highs and will continue to move up in time. I personally would like to see them procure our financial freedom with whatever deal they do. I don't think that should require us giving away the farm to secure. That might be the best medicine for our share price and future outlook.

The synergy would come from the combined assets in the new company. FFMG shareholders would benefit from a new near term producing gold asset and NexGold shareholders would benefit from two new world class gold assets. The cash flow from Goliath could then be used to partly finance the development and construction of Springpole and Duparquet. The combined company would also benefit from the current NexGold Chairman & CEO who are both proven mine builders with excellent track records. Finally, the backing of Frank / Keith / Sprott would be a very nice and credible owner base for the company going forward as all three would definitely look to develop the company into a long term major gold miners. I think this is a no brainer deal for both companies if they could get it done, but time will tell.

What you're implying might happen, I just don't see enough evidence at this point it will. Just like there's not enough evidence pointing to FM and FMG doing some major JV deal right now. It could happen, but will it?

FMG is holding the good cards in this poker hand. We have the straight flush. We have the gold in the ground. All they have to do is get our best price for it.

A little closer to Red Lake, Frank G owns part of West Red Lake Gold. At least he did at one time. I think WRLG bought the old Madsen mine.

Canada seems to provide safety and security for these large projects to attract the deep pocket investors.

I don't see any cost synergies for a merger between Nexgold and FFMGF other than combined Executive management. Too many miles between the two projects.

It would be nice for FFMGF shareholders to see a significant bump in share price sooner with room for growth later over the years. Would a Nexgold + FFMGF merger provide an immediate bump in share price? Maybe. I would vote for the best outcome for shareholders. I don't really care about the Who.

;o)

Just adding that this would of course all depend upon how Frank and Keith could come to terms on a potential deal. Like you said, both definitely have big egos and there is also Sprott involved with 10%. Sprott already did a major deal with Keith with First Majestic when they bought Jerrit Canyon and Sprott is still a minor shareholder in First Majestic, so him and Keith definitely are on good terms. This is what excites me the most about this potential merger because I know Keith and Sprott are friends and probably talk every now and then about business and what's happening in the sector. If I can come up with this idea then I cannot see how Keith / Frank / Sprott or even Dan would not have thought about is as well since the synergies are so obvious.

Even if they had something bad between them (I don't think they do) they would still have to recognize a good opportunity when it shows up. Both guys are smart as hell so it would be silly to discard a potentially massive opportunity to create a big new gold miner just because they don't like each other. Both guys would have millions invested in the combined company, so I think they would certainly be able to work something out here. Neither Frank or Keith would be interested to run the day to day operations anyway, so there would not be any clashes here. I think they would just do whatever makes the most money for themselves and their shareholders.

I really hope we are having discussions with NexGold right now (among others) because the more I think about this potential merger the more it makes sense. Both companies are basically suffering in the same exact environment with depressed shares so there definitely should not be any hostilities from either shareholder base. I know I would support a merger either way even though I am a big shareholder in FFMG. I think NexGold shareholders would benefit enormously from the merger as well.

I read the latest investor presentation on NexGold Mining and it seems Frank currently owns about 10% right now. I also noticed Sprott in there owning another 9-10% or so, so NexGold definitely has some major guys backing their progress.

What I think NexGold is severely lacking is any new good projects in their pipeline after they get Goliath into production. Springpole and Duparquet would be fantastic assets to get on the same platform as the Goliath-Gold Complex because the synergies would be so obvious. All assets would fit nicely under the First Mining Gold umbrella and the funds from Goliath could then be very nicely used to develop Springpole and Duparquet into production. All of a sudden you could be looking at a new major gold miner producing in excess of 500k ounces a year before 2030.

It gets even better than that. This combined company would most definitely then be a "hot target" for any bigger player in the space simply due to it owning the most significant newly permitted assets. I really think a merger with NexGold could be the best outcome for us at this point. Like you also said Frank should be very interested in merging with FFMG in an all share deal because both companies suffer greatly right now due to the lacking market sentiment. But under the same umbrella, these fantastic gold assets + the backing of Keith / Frank / Sprott should be such big news I cannot see how the market would not see how massive this could become.

All of this is pure speculation of course on my part and in the end we will get the deal Keith thinks is the best for the company. We are probably talking with many different groups right now like Keith said in that interview which of course is good news in the sense that we have many interested parties generating competitive tension. But I cannot see how Dan & Keith would not have at least discussed this NexGold option if there was any chance of it happening.

I would add this thought to the discussion about your theory of a Nexgold - FMG merger deal.

If I recall correctly the Nexgold CEO said in an interview Frank G. holds 20% interest in Nexgold. That may be a standard percentage holding for Frank I don't know.

What I think what we would want to see is Frank take a stake in FMG. IMO that would tell us and the world where this is probably going. As depressed and beat down as our share price is now why wouldn't Frank want to take a position, especially if your theory is where they're going? It would also give FMG some very big legitimacy in the marketplace.

Such a move would tell us what may be coming, but until that happens I don't know.

Your idea makes sense to me as a very big picture move, but because of what Keith said in this latest Ron's basement interview it sounded to me like Dan was already in talks with other parties, meaning MULTIPLE parties about doing some sort of deal. Without knowing the specifics on what Dan's negotiations may be that leads me to believe it wouldn't be just with Nexgold.

What is being discussed by Dan now is by no means what might happen down the road, combining these assets would IMO be a fantastic move for everyone involved. Keith and Frank G. both have to know that.

I think it was the last time I spoke with Paul I asked him about the Nexgold deal and Frank G. coming into the picture there with them. He acted like he didn't even know who Frank G. was. I found that to be a little odd, but I would expect Keith and Frank to be well acquainted. The only problem is I would expect them both to have big egos. Would they be able to work together? Let's see if it happens.

Just a random idea that crossed my mind when reading about the latest developments at NexGold Mining. NexGold has clearly stated as one of their objectives to become the next mid-tier producer in Canada by evaluating more potential acquisitions. They are now on a very clear path to become a producing miner in the next 2-3 years or so since they are already fully permitted with the Goliath-Gold complex and they have solid financing from Frank Giustra and other investors.

Since FFMG already is a major shareholder in NexGold, would it be completely out of the question to maybe merge these two companies at some point? I know this might seem odd but hear me out on this. I would love to get your opinions on this since I think this could potentially be a very good move for us.

We know for sure Keith especially would more than likely want to develop the assets for himself so this could potentially provide a very good path for a future gold company Like I said, NexGold will start mining the Goliath-Gold complex during 2026-2027, so if they decided to merge with FFMG not only could we see a clear path for revenues, but we could then use this merged platform to potentially create a very large gold mining company in a few years time. FFMG already owns a part of NexGold and both companies shares are very depressed right now which would make it easier to make a case for a combined company.

The revenues from the Goliath Gold Complex could then be used (in part) to finance both development at Springpole as well as Duparquet. You get permits for Springpole and maybe get that smaller operation going at Duparquet and suddenly we could be looking at a very significant gold mining company in the making. I know for sure Frank Giustra is a guy who likes to think big on deals like this and since Keith is also known for building his companies through M&A then I cannot see how these guys could not have at least thought about merging the two companies. I have no idea on what terms Keith & Frank are personally, I really hope they don't have any "beef" between them or anything like that, but I think both of them will recognize a good deal when they see one.

The combined company could also be a much better "sell" to the bigger investment community when the sentiment eventually turns. Having both Frank & Keith as financial backers in the combined company could provide superior credibility going forward when we are looking to get financing for the mining operations. I really think this could be a potential deal in the making here and FFMG being already an owner in NexGold would make it a natural move so to speak.

A deal like this would also most likely release us from this "pressure" to find a bigger partner on the Springpole project. We could then completely focus all the energies and money of the combined company on getting Goliath up and running and then direct those funds towards Springpole and Duparquet. I really don't see any pitfalls for a plan like this. Another "positive" for many of you guys would be that Dan would most likely be let loose. I cannot see how he would have any role in the combined company, other than maybe as a M&A director or something like that. This deal would really transform us into becoming a real mid tier miner with significant assets for the future. I really would love this deal to be announced.

NexGold has a superb Chairman (Ex-President of Barrick / DeBeers) and CEO (35 years of mine building experience) as far as I am concerned and both would be perfect for the combined company. Keith and Frank would stay as financiers and advisors in the background which would also just be perfect. Keith is so busy with First Majestic anyways so he really can't have that active of an role in FFMG other than guiding the company behind the scenes and providing M&A advice.

Like I said, both companies have very depressed shares, so it's not like shareholders in either one would lose out here in any way. NexGold would benefit enormously from getting two world class projects with clear paths forward and FFMG would benefit from getting another great permitted gold asset with near term revenues. I really think this deal is actually quite a no-brainer and could be incredible if it could be done on good terms. Let me know what you guys think about this,

I ran across this interview with one of the execs. from FM talking about the Gatos acquisition. I thought it was interesting to hear him talk about Keith's strategy and how he likes to grow his companies through acquisitions. This may give us a preview of how things could go with FMG moving forward.



Keith interview

The Chinese economy is already in deep doodoo. Their economy is front-running ours. As the U.S. economy begins slowing, their problems should get even larger.
PBOC is doing what the printer's on this side of the pond are doing. Printing more fiat.

https://www.zerohedge.com/markets/china-launches-more-stimulus-pboc-cuts-rates-announces-rare-press-conference-support

I watched this one last night.
Pretty crazy numbers.

I think she quoted Jim Rickards using simple math dividing the national debt by the estimated value of gold bars in vaults in the US.

By that estimate Gold in US dollars backed at only 40% gold standard should be at $27,000. A dollar fully backed by gold would be in the neighborhood of $56,000.

Obviously the US population has to be punished by massive inflation before the national debt can be inflated away.

Speak of the devil and he shows up. Here's a must watch video with Michelle M. at Kitco talking about the BRICS, gold, dedollarization, etc. The reset that seems to be coming.

Great discussion.

I'm hoping in this upcoming BRICS conference they talk about gold fitting into their payment system. Maybe then it will wake up the fools that aren't accounting for that coming. Many gold followers were expecting it to happen last year, and it didn't. Maybe that news comes next month.

Harry Dent's brain is a pet rock as far as I'm concerned. Talk about a Snake Oil pusher. I put him in the Jim Cramer/Dennis Gartman group.

We may see a shaky week with all these new shares coming into the market. I would expect more big volume days and most likely a continued push lower in our share price until these shares get absorbed.

It might be a good time to add a few shares depending on how far we fall. JMO

I indeed have noticed this. Gold has been so "hated" for so long it's as if almost nobody dares to mention it now that it has indeed risen spectacularly in the last decade. The major banks are indeed quite bullish on gold with lots of of them predicting 3k$ gold in the near future, so it's not as if the banks are against gold rising.

The problem as I see it is that the "general investment community" is still so focused and drunk on this AI bubble they really cannot see any other opportunities yet. We must have a big enough correction in the AI stocks so that the majority of investors understand that trade is over with. Right now, we are sort of in a twilight zone where people are starting to get skeptical if AI will deliver the ROI that has been promised (spoiler alert: it won't). But people are still long this stuff.

When we eventually get that big correction for whatever reason then people will start to look for new trades to go long and that is where commodities and precious metals especially will start to shine. This is exactly what happened back in the early 2000's when the IT bubble burst and investors were suddenly hit with horrible losses and were left out without any major investment themes. It was exactly from this macro setup we got one of the greatest commodity bull markets started. I see sort of the same happening now, but we really need to get a big crash in the AI stocks first.

Keep in mind that back then, gold stocks had already started their bull market during the IT crash, so we might very well get the same happening now. When investors will see their beloved "Mag 7" stocks in the reds while also seeing that gold stocks are outperforming everything else then that is when they will start to aggressively chase performance. I think it is very probable we will get a scenario like this. This will be a repeat of 2000-2010/11 only this time it will be on steroids due to all the money printing done during covid. The dollar, at some point, will start to weaken massively due to the FED's upcoming reaction to the AI crash. The dollar will not become worthless or anything like this, it will just weaken massively against gold and other major currencies.

Have you heard anyone say gold is a pet rock or any other similar nonsense lately? Remember when people were making a big deal out of Harry Dent predicting $700 or $800 gold? WRONG. Now that the corrupt folks have feasted off shorting paper gold and silver they have gone long and are touting it. Good, because small fry investors like me will benefit from gold assuming its proper place higher up in the monetary food chain. Even some larger investors will be off the mark to the low side if the world moves to factor gold into their currencies. Assuming no EMPs and/or WW III, FF will have its day and by extension we all will too.

Gold is so undervalued in dollars IMO because the West still has some belief in the dollar system. Gromen spoke to that change coming in this video. I NEVER hear anyone on MSM business news talk about the dollar being on its way out as the reserve currency, but we can see many countries around the world, those banding together in the BRICS alliance that aren't joining to stay in a dollar-based system. The momentum is beginning to swing away from the dollar, but investor's in the West don't want to come to grips with it.

Gromen also spoke to all the gold being accumulated in a big way by the central banksters. These are the same scam artists that claim gold's not money, but they're not buying Bitcoin or hoarding fiat. They keep buying gold.

Gromen also said something in the video that really surprised me He made the claim that he thought physical gold was still more undervalued now than the miners are currently. I don't know how he comes to that comparison, but IMO most of the miners are unbelievably cheap. Not sure I agree with him on that remark.

Luke Gromen has an interesting take on the stock market priced in Dollars vs priced in Gold somewhat towards the end of the video. Maybe around the 45 minute mark.

The meat of the conversation about gold starts around the 36 minute mark.

Minute 41:45 "Gold is effectively the BRICS currency.".

Gromen had a comment about the norms of gold "priced in foreign debt" that I didn't really understand completely.

Gold is still very under valued when priced in Dollars. Gold needs to go 3× just to get back to the low end of historical norms. Needs to go 5× to 7× to get back to norms.

Gold miners are very under value to recent gold prices but will eventually catch up.


Lots of great information.
Thanks

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.

If this is $12 million total from both offerings instead of just $7 million then we might be talking about 100 million Units instead of just 50 million units. That would be 200 million shares and 20% of the company. If that is what happened yesterday that is a lot of shares and a lot of interest in First Mining at this point in time.

I'm convinced in my own little brain that the two offerings yesterday is a strong sign that Springpole final environmental permit really will be submitted by the end of October and then Big Gold will start knocking on the door. Maybe more drilling at Duparquet as well.

Like Keith said on the Ron's basement interview management can see the light at the end of the tunnel now. Obviously more work ahead, but Big Gold will buy in long before dirt starts moving. Look at Kinross and Great Bear.

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.

Volume on OTC was less than $500,000 USD. That is not much money. I think all the volume on OTC yesterday was retail investors.

Maybe all the meetings and presentations are getting a few more eyeballs watching. StockTwits board only has 231 people watching.

In spite of the years of work and all the good news, First Mining is barely noticed.

Just let big money start rolling out of Big Tech and start rolling into commodities.

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.

I actually thought about this, but I'm not really sure about what the insider trading rules state about insiders participating in a financing round if the company is also negotiating a bigger deal behind the scenes?

Because I cannot see how it would be illegal for a publicly traded company to raise money from insiders even if a deal was in the works. If a company needs money then it has to be allowed to raise money in an offering. What if a deal negotiation took over a year and the company was running short on cash? Should the company go bankrupt simply because it could not accept money from insiders? This really makes no sense at all and I think it is allowed for insiders to participate in financing offerings even when a deal is in the works. Otherwise you could end up in very problematic situations and companies like FFMG could very well fail if they were unable to raise money anywhere else.

Buying stock on the open markets is a different situation all together and of course should be restricted for insiders if they are sitting on information not available to other investors. We STILL have not seen a single insider buy / sell on the registry which again could indicate something is up because that type of insider activity would of course be insider trading.

So here is just another thought that struck me with this latest financing round and lack of insider activity in the last 3-4 months. What if all of the insiders participated heavily (Keith especially) in this latest offering because they knew this would probably be the last time they had any chance of getting more stock before a deal would be announced? The shares were underwritten by the two investment banks who then probably sold lots of shares to their private clients whom most likely also figured out this could be a very good entry point.

Pure speculation of course on my part, but the lack of insider buying / selling is really making me think something is up. Keith has consistently said he will be in the markets buying up stock. So why hasn't he done it in the last months or so? I mean no insider has sold either thank god, which would be a very alarming fact if that were to happen.

It all just feels so weird to me right now with the heavy volume days right up until the latest offering was made public, and now lots of shares traded hands in one day when you look at both exchanges. I just have a feeling something is up and I mean that in a good way. The fact that FFMG is able to raise money so easily every time makes me think somebody knows something here. Yes, we have been issuing a hell of a lot of shares to get where we all today, but Keith seems as calm as ever in every interview I have seen. It's like he just knows we will get these two mines up and running and the end will justify the means so to speak. I sure like his confidence because without Keith behind the scenes I would have not invested. My sole reason for investing from the beginning was to participate in Keith's vision. Time will tell if that turned out to be a wise decision or not, but at least in First Majestic I ended up making a killing.

As far as I can tell it was mostly retail who was selling. The other question is of course who was buying? Usually during bottoms the shares move from weak hands into strong hands so my guess would be the "smart money" so to speak was buying heavily here. I know I would have bought heavily today if I only had the funds available, but right now I don't. Because the only reason anyone would buy at this point of peak negative sentiment would be that they still believe in the company and think the valuation is off. If you really think about this logically then why the hell would any long term bigger shareholder sell now when we are so close to finally achieving the big milestone we all have been waiting for? It would make no sense at all to invest heavily in this company for many years only to sell just before we submit the final EA. It really makes not sense at all, which tells me it was mostly retail investors selling on the news of more financing.

To me it seems Keith & management are now just determined to get this Springpole EA permit done no matter how much it costs. They will issue shares and do financing until we reach that point which is, after all, what they have been trying to achieve since the beginning. Any additional funding will of course also be used to further drill out and scope the Duparquet deposit for the updated PEA.

I think this story will unfold exactly as First Majestic some 20 years ago. I remember very well how all of a sudden the share price skyrocketed in a years time and suddenly everyone seemed completely happy and fine with everything. This was after many years of completely miserable performance where the stock basically went down or was flat and nothing seemed to help the stock. The problem is that you just don't know when it will happen. It is very possible the stock might suddenly catch a bid even without any significant news. We might submit the final EA and maybe nothing happens with the stock, and then maybe a few months after that one day it suddenly rises several fold. It is impossible to predict these things.

Not to sound like a total halfwit, but the action today was just regular retail investors selling and buying shares frontrunning the dilution news release correct? Meaning the insane 7 million (GDXJ volume today was 6.5m, our volume beat GDXJ’s single handed) traded was just regular retail reacting to the news, it wasn’t caused by the parties receiving the newly issued because those shares won’t actually be issued until later this/next month correct?

Just trying to understand the forces and dynamics of stock price movements.

Including nose trimmers had me laughing! EOM

They def should be, at this market cap my day-trading Uncle Sal could lob a competitive offer, LOL.

I just think Keith will need a lot of friendly shares in his back pocket when he is negotiating the best deal.

If a hostile takeover happens the share price will bump up and trigger 50 million more friendly shares from this current offering.

I don't know anything about the negotiating process. But it sounded like Dan and maybe Keith are more concerned now about a hostile takeover.