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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 Jun 16, 2013 8:26pm
246 Views
Post# 21530882

New Director Sounds Good Feel Good CAUTION

New Director Sounds Good Feel Good CAUTION

It is interesting to note, a press release on a  Friday, usually good news comes not on a Friday? But back to the New Director, it Sounds Good and Feels Good a bit of respectability? Seen this too often from Tom over the years and based on discussions with Tom on such moves. 

It is there to make you Feel Good but, the Major problem nothing has changed with FNR, FNR MGMT and FNR's proven, based on experience and track record, a FAILED and BROKEN Investment Portfolio/Model.

I do see the new Director serves on the Board/Committee of a Pension Fund, interesting, a wild guess or opinion on my part, perhaps Tom and FNR are looking for perhaps an investment from Pension funds? 

Bottom Line, its all for show and nothing has changed, FNR shall fallunder 10 cents and GO NO BID and become ILLIQUID along with a number of other resource stocks.

All the above in my humble opinion and based on discussions with Tom and FNR 's Poor investment track record and etc.

 

Bullboard Posts