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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 May 06, 2013 3:12pm
217 Views
Post# 21343966

Rallymount?SKEPTICAL of VALUATIONS

Rallymount?SKEPTICAL of VALUATIONS

I noted the post that there are Whispers on Rallymount, there have been several whispers and hints or winks of the years, perhaps this one is true, that is the Debenture holders better hope its true or valid??? 

Rallymount for years has tried to raise funds without success, Tom and Rallymount ran around Toronto a few years ago, peddling the proeprties so they could drill, one company who they went to advised Tom and Team had no techincal details, just give us the $$$ trust me??? The company did a quck review prior to the meeting and advise the proeprties were too small and spread out, this is according to the Company Tom and Team approached. 

So why would any one consider Rallymount?? Chinese that is such an old rumour and excuse? Perhaps they will do another OMM/CVG deal, put Rallymount with another Junior that has little cash and get stock that sells for 5 cents? Better yet sell it to Wescan and get 2.5 cents a share ?? Just kidding?? Wink Wink?

Don't forget, Cash seems to get spent fast with FNR? Operating Expenses? Investments in more Pennydreadfulls?

All the above in my humble opinion and as an investor.

Bullboard Posts