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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 Jan 09, 2013 9:10am
133 Views
Post# 20813984

FNR's ???Investments? Clean House

FNR's ???Investments? Clean House

FNR's investments - very deabteable/questionable. Going no where exxcept no bid or down. Tom - Time to clean house.

Grafton Resources - this one has always been questionable including the values Grafton declares since the start - trades on Irish exchange?? According to Tom, when he went to London with MGI they met Grafton Resources and FNR and Grafton did a share swap. Well FNR still has Grafton shares which are going no where and I suspect, my opinion, they are hard to sell at the supposed NAV price for Grafton. But, here is the Big Question does Grafton still have FNR shares - when I posed this to Tom as I questioned this investment he told me he suspected Grafton did sell FNR shares? which were/are liquid vs Grafton. this was and is a bad investment.

Troy energy - has been halted for some time - still nothing.

GCR - the great Quebec Copper play that is not/questionable. and the Future?

NuCoal - this one is in never never land and sense nothing is ever going to happen or be developed.

All good money gone down the drain? Who profited from these investments?

Tom, clean house.

Bullboard Posts