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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 Feb 09, 2013 4:03pm
272 Views
Post# 20963498

FNR'sNAV/???Asset Values

FNR'sNAV/???Asset Values

TO add in the challenge discussion on FNR's NAV - I do believe Buybelow was liberal in the $5 to $10 mil value for equities - I would subject or exclude about $3 mil plus from the asset values:

Nucoal - Forget it - its Dead - NO value.

Troy Energy - No Value to this supposed "Hot Central American Oil Play" - its been Halted for some time.

Grafton Resources - this one I questioned from day one - go to their website try to figure out the real value - this wa sone of those "Brillant/Genius" moves of Tom, when in London, from what I was told, please correct me if I am mistaken, Tom met MGMT of Grafton, Big Shots, agreed to a stock swap of Liquid FNR shares, with value at that time, for Grafton Resources, not liquid. They say they trade on the Irish Exchange???? - NO VALUE this should be writtne down.

Then we have other investments both private and public that a hard look at these Assets will raise ??? and why investments were made???

All in my humble opinion.

Bullboard Posts