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 Apr 19, 2012 8:28pm
224 Views
Post# 19814835

RE: RE: Being paid too much? Looks that way

RE: RE: Being paid too much? Looks that way

I think you have an insider biased view. How can you really justify the wages being paid when you look at the actual performance for 1, 2 or 3 years??? You are defending because you think other companies are down, but there are also companies that are up. When Allstar has 100 plus drill targets and they are going to drill 5 wells is unacceptable. There is no need to putter around when oil is at 100$ plus. What the heck is the company waiting for? 125$ oil and 200 plus drill targets??  Any other company with those properties and holding 30$million plus in non cash flow assets would put it to immediate use to grow cash flow, and maybe purchase more land in the viking play area. Look at NVS they are net backing 68$ per barrel from their viking wells and market cap is $72,880 per flowing barrel. That puts Allstar at about the 35 to 40$ million value, time to expose that to the market for a true valuation of assets. All in my opinion.

Bullboard Posts