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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 currency24on Sep 26, 2012 1:51pm
252 Views
Post# 20416679

VALUATIONS?REAL/Questions/Expenses

VALUATIONS?REAL/Questions/Expenses

If you look at the Portfolio, majority is private, one has to question VALUATIONS (REAL):Grafton Resources??What do they really have?Nucoal? dead Rallymount?They were trying to sell it and trying to raise $$? No Takers? Shore Gold? So FarNo Takers?DNI? not sure how viable, DEnnis Clement is a friend and business associate of TOM, Eagle Plains?its a good company, Tim is a friend and business associate of Tom's,Gespeg?represented as great potential?going no where take a look of buyers interest?Westcore? please explain, Troy Energy - another please explain- Claude Resources?? Then we have the high paid staff, someone said Tom gets $1,000,000 plus?for what I ask? IR - some one explain this IR dept/person, they go to a lot of conferences, which are expensive please explain/justify the expense. Then we have Tom's travel expenses? Seems to me FNR could save a lot of money by cutting down on salaries, bonuses and expenses and finding rewarding investments.

Bullboard Posts