First Mining Gold

First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the U.S.A.

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Message: Sell or Hold

Seems to me that sooner or later we're going to get a buyout offer from one of the majors. Either that or some other arrangement with a major that should give the stock price a real boost. I think I'll wait for that day and then decide whether to sell or wait to become part of a larger operation.

Cap gains tax rate here in the US is another consideration, though GCU is now a long term holding for me and thus only a 15% tax bite. At least as of now. If they raise it to 20-25% or more, I may bail out a good bit before the new rate kicks in.

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