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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 May 17, 2012 9:24am
305 Views
Post# 19919655

Time for FNR shakeup just like CP rail.

Time for FNR shakeup just like CP rail.

Time for change of operations at FNR. Time to have a plan to sell some assets that are many years away from producing revenue. Time to limit the % of assets into any single speculative non producing company. Time to reduce the management fees. Time to ramp up oil production with 1 or 2 wells drilled per month. Shareholders are displaying their disappointment with the share price level.

Three year negative return on shares. That is not a good story when they  have received multi millions in fees and wages. All the shows, conference calls and free travel to give shareholders a loss??????????

Time for change. All in my opinion. My proxy will not go with current board members next year if things remain this way.

Bullboard Posts