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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 Jul 22, 2011 7:46am
281 Views
Post# 18860128

Few more buyers required.

Few more buyers required.FNR needs a few more investors that want to join in for the oil production ramp up coming soon. The shares are going to begin getting tight and it will become very hard to get a sizeable position. I did my part helping to finish clearing the 3.65 seller who finally ran out of shares. That red pheasant property has possible 300 plus drilling locations. Can you imagine the size of FNR when those start. The numbers will swamp the share price by many multiples. How does this look, 300 wells, 50 barrels, $40 netback, 20 mill full dilution, = $10.95 per share profit,,, just makes the brain swirl. Incredible opportunity facing sharesholders. New highs should have been here by now, but I suppose it gives non shareholders a few more shares at lower prices. All in my opinion.
FNR buyer.
Bullboard Posts