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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 13, 2012 2:40pm
205 Views
Post# 20009612

RE: How ?

RE: How ?

Only in Saskatchewan I suppose. Maybe take the $1.5 mill paid annually to the two on top and buy back shares to cancel. That would take about 3% of the shares off the market. That would give us more bang for the buck then wages, fees and conferences. Wonder how many companies are giving out 4% of their market cap each year to have a ceo and cfo??? We need the  SAY ON PAY action to take place. The more they pay for management the lower the share price goes. Pay them alot less and the share might go up alot more. There was a BNN interview with one of Canada's larger investors and he said executives are being paid more then they should be and stated it was like greed when you see the amounts paid for not alot of results. Shareholders need to change payments in line with preformance. There is no reason to pay someone $1.2 million per year to get a few trades through, and no reason to pay the CFO $300k per year for signing a few cheques. It is just too much in my opinion.
 

Bullboard Posts