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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 Nov 12, 2012 9:53am
258 Views
Post# 20588075

Need For Cash Year End

Need For Cash Year End

I guess, my humble opinion, they need to raise cash to pay for their salaries and performance bonuses/Christmas Bonuses, including Tom's Deal/BONUSES? As well as use the funds for their high expenses, attending the Shows/Conferences, travel, Enetertainment, Jets/Flying and increase staff.

Tom cut your staff, cut the salaries, cut the bonuses, cut the excessive travel and entertainment expenses, explain to the public how you are reimbursed for your travel, via your private plane - First CLass tickets? Coach?for you and your wife?, who travels with you to the conferences and shows. Put these funds into real productive use and reward your share holders, just my humble opinion.

Hire a Real IR Expert, curently your IR Dept is lacking in my opinion and others. Also, this includes some of your staff, lacking in talent, in my opinion.

Friends and Family and Favours should be avoided for hires unless they are Really truly Qualified in accordance with the Industry STDS.

Bullboard Posts