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49 North Resources Inc V.FNR

Alternate Symbol(s):  FNINF

49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company’s principal businesses include investing in a diversified portfolio of common shares and other securities of resource issuers including, without limitation, resource issuers engaged in mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio. It invests in all sectors of mineral exploration as well as oil and gas exploration and production around the globe. The Company’s portfolio is comprised of investments that are predominantly Saskatchewan focused on private and public resource issues at various stages of development. Individual projects range from grass roots exploration to near feasibility in the minerals sector and early-stage production of hydrocarbons.


TSXV:FNR - Post by User

Bullboard Posts
Post by Henmystirsiron Feb 24, 2010 9:20pm
339 Views
Post# 16817548

Well I grabbed a few more k today

Well I grabbed a few more k todayMight just have to put a few extras away for the kids university one day. Just kidding. But someone else had the share count wrong I think. I believe there will be 12.5 mill or so after the conversion. No big deal if the holdings are about 45 Million$ then the Nav will still be 3.60 and that is alot higher than current price. This I suppose is a buy and hold investment. Put it away in a sock drawer and when you have really cold feet, say when hell freezes over then maybe trade a few for money to buy some socks, or just wait for the dividends that they are suggesting. Sellers beware.
Bullboard Posts