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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 Jun 03, 2011 2:24pm
192 Views
Post# 18668960

RE: Why the selling ?

RE: Why the selling ?I was thinking that maybe someone that was invested in Sino got a margin call and had to sell something. I almost thought it might have been Denis having to get out, I hope that was not the case since the selling started on the States side of trading and spilled over. I see a post from Denis, but you never really know do you?? Still shaking my head how we are trading at 50% discount to REAL net asset value. That Red Pheasant drilling will be quite exciting,,, 300 drill locations?? blows me away. DNI nice move up of a few million bucks for the NAV. Westcore locked up the license for Saskatchewan and Manitoba... wow. All good to me. The price gave me a chance to fill the boat to the rim. Heck we could still be green by the end of the day. If I had more cash I would do it myself. All in my opinion. FNR buyer.
Bullboard Posts