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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 goldensaskyon Sep 27, 2012 6:25pm
228 Views
Post# 20422607

Good one

Good one

I got in via flow through shares and made a small profit with tax consequences factored in.  I did notice that Tom was very promotional and not able to get results.  The CFO resigned about 2 months ago and sold the small number of shares he owned as well.  That is not a good sign and generally that means that he is taking the blame for CEO's problems.  I wish you luck with your investment and I would be happy to see this thing at $10/share but unfortunately Tom has a poor reputation that supersedes any potential gains that maybe realized in the future(value trap).  Best of luck and do your own due diligence. 

PS Casper I hope you can get a bit of color in your skin (you appear a bit pale as a result of potentially a margin call or perhaps a sizeable capital loss).

Good luck to all even Casper

SASKY

 

 

Bullboard Posts