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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
Comment by Henmystirsiron Dec 17, 2010 7:45pm
283 Views
Post# 17864900

RE: RE: NAV = $4.40

RE: RE: NAV = $4.40The NAV is closer to $8.00 if all the private companies that FNR has went public right now. There is so much hidden value it is unfair to long term FNR holders that the value is not unlocked before they issue more shares. They should be spinning off the oil company before the share issue and paying a special dividend of say 50% of the spinnoff to current shareholders and using the remaining amount to invest in other opportunities. Allstar can stand on its own with the production it is doing, heck most other junior oil companies dont have their production after years of trying. Anyway we are going in the right direction in general but I still feel the value is being hidden unnecessarily. FNR buyer.
Bullboard Posts