Worth Taking a Flyer?

[beauanderos]

First Mining Finance Corporation symbol FFMGF on the OTC, also listed on the Toronto Stock Exchange. Chairman Keith Neumeyer. Eric Sprott, Rick Rule, Marin Katusa have taken large positions. Company looks to acquire gold resources from distressed companies. Have made four acquisitions in 2015. Stock was just listed five days ago. Currently 28 cents a share.

http://www.firstminingfinance.com/

Looks good to me. Buy it cheap and forget it. Someday could easily be a ten-bagger... I expect, much more.

[chris6084]

If you look at the stocks of the other two companies the leader of this one created, they have a pretty dismal long term record.

I think there would be better luck on this one on some short term swings rather than a long term investment.

[rainsonme]

i looked at FFMGF; obviously too little data to know much; financed the mine purchases with their stock sale; there is a Seeking Alpha article on them. I would think you would have time to buy some when you saw gold finally starting to move up. The dollar continues to rise, commodities continue to fall. I personally am not excited to buy into oil or gold right now (other than physical gold and silver, which I cannot resist due to some mental problem I have) I will try to remember FFMGF, when the commodity bottom is finally in.

When you think gold is near a bottom, (and I dont think it is there yet), you might check RGLD and SAND two companies that provide development money in exchange for contracted mine output. I would not buy either right now, but they are very highly leveraged to the price of gold. Stocks are all very risky in 2016, in my opinion. And commodities remain in a bear market until they arent.

[Market Harmony]

My gold coins and silver bars can't go to $0

[JadeDragon]

My investments in real estate, quality utilities, Du Pont, and other blue chips are also unlikely to go to zero.

[AGgressive Metal]

28 cents is cheaper than a Powerball ticket, so maybe worth a roll of the dice - just don't put any money in miners that you can't kiss goodbye - there is almost no price support in small mining shares because big institutions consider it too risky so its all individual investors and venture capital that can dry up overnight.

[Recyclersteve]

My gold coins and silver bars can't go to $0

They can if they are stolen or if you find out they are counterfeit. Or, God forbid, seized by the govt.

I do agree that physical gold and silver do have utility, so in that sense they shouldn't really ever go to zero.

[pennypicker]

(other than physical gold and silver, which I cannot resist due to some mental problem I have)

I have this same mental problem/disorder.....I wonder if there's a medical term to describe it?

[Verbane]

(other than physical gold and silver, which I cannot resist due to some mental problem I have)

I have this same mental problem/disorder.....I wonder if there's a medical term to describe it?

Dragon Sickness: The growing greed and desire for gold and treasure.
The best defense is to be a Hobbit, Dwarves are screwed

[rainsonme]

Dr. Verbane may have the correct diagnosis, but it could also be early stage FiatPhobia. Just to be safe, I suggest taking 2 ounces AG every day, and call your local coin dealer in the morning.

[pennypicker]

Dr. Verbane may have the correct diagnosis, but it could also be early stage FiatPhobia. Just to be safe, I suggest taking 2 ounces AG every day, and call your local coin dealer in the morning.

Very well and I'll take your advice

[AGgressive Metal]

Dr. Verbane may have the correct diagnosis, but it could also be early stage FiatPhobia. Just to be safe, I suggest taking 2 ounces AG every day, and call your local coin dealer in the morning.

I prefer to hold back for as long as I can stand it, then go on 100 oz all weekend benders - prescription abuse!

[beauanderos]

Now up to 30 cents. I found out I can't buy this inside my 401K

[beauanderos]

now up to 32 cents... about 15% increase since I first mentioned it in January

http://finance.yahoo.com/q?s=ffmgf

This could be one to watch, and plan on buying on a pullback

[beauanderos]

up 20% today to 39 cents a share... and I never bought any.

[beauanderos]

https://finance.yahoo.com/q/hp?s=FFMGF+Historical+Prices

up to 55 cents and trading volume has exploded. If only I had a few thousand to throw at this.

[plus1hdcp]

Hindsight may be 20/20 but the reality is hindsight WILL drive you crazy. Perhaps you can get a pullback and get you some shares.

[beauanderos]

Hindsight may be 20/20 but the reality is hindsight WILL drive you crazy. Perhaps you can get a pullback and get you some shares.

With the share volume increase that's developing, a pullback is unlikely... unless the entire market crashes and affects the metals (which could happen). Watch
the volume skyrocket on this one today... as well as SILJ.

$16.38 silver was an important resistance point going back a few years... next stop could be $18 if this momentum can't be suppressed. Will be very interesting to watch, what
with the DB admission, the secret meetings at the WH, and the initiation of gold price fixing in Shanghai.

[goodcents]

I'm going to jump on a few shares to add to my long term diversity. Why not. Look at that volume over the last week. No guts no glory. If I waited for the bottom to hit on everything I'd never be successful.

[beauanderos]

I'm going to jump on a few shares to add to my long term diversity. Why not. Look at that volume over the last week. No guts no glory. If I waited for the bottom to hit on everything I'd never be successful.

Good man. I decided to divert some of my cash into this as well. Just hope it stays under 60 cents until my funds transfer. This stock will be over a dollar per share by the end of this month.

Wouldn't be surprised to see silver blow past $17 today.

[beauanderos]

I was finally able to dump some cash into this one on 4/20, picking up shares at 54 cents. Now up to 60 cents. Doesn't sound like much,
but that's a ten percent gain in nine days. Stock has doubled since I first mentioned it. The next couple of paychecks will
go into this one as well.

[beauanderos]

well... wound up taking a quick twenty percent profit on this one about a month ago.

Should have stayed long

Hit a buck and pulled back.

http://www.marketwatch.com/investing/stock/FFMGF