Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jul 20, 2011 7:28am
149 Views
Post# 18850526

RE: RE: 49 North Top 15- updates?

RE: RE: 49 North Top 15- updates?Frankly I dont see why there is any reason not to have it updated at least on a monthyly basis. Even if there are warrants soon after that date. When the next month comes then the adjustment takes place with any share structure change. I guess it was nice that there were a bunch of warrants that did expire out of the money resently so there is less overhang to battle through. Still shakking my head wondering how one well on a company FNR owns a chunk of can have a market cap 50% higher than FNR when FNR has a company that seems to have what pop has and plenty of production and maybe 20 wells plus in the works. I just can't seem to grasp it, but the market is always right they say. One day soon I believe the market will really see the underlying value. This should jump nicely to new highs soon and compound itself plenty to at least $10 with the ipo of Allstar, or the spinout of shares to FNR holders should equal that amount. Lets get it done boss. No need to wait for all the stars to align to let the news out. Nice to hear about the amount of oil flowing and well progress during a conference call hopefully happening soon... hint , hint. With 600 barrels a day with $50 netback that equals about .06 per share per month profit,, how nice is that. With 2000 barrels target by year end equal .20 per month,, do the math that is $2.40 per share,,$2.40 per share. Can you imagine finding a company that you can buy for $3.65 that could be pumping out $2.40 per share oil profits in less than a year. The share price just is taking its sweet old time getting to more appropriate valuation but it should be there soon. Hang in there and add if you can. I have. All in my opinion.
FNR buyer.
Bullboard Posts